American Lebanese Syrian Assoc Char Inc
- Assets
- $8.4b
- Revenue
- $2.9b
- Investments
- $7.6b
- Employees
- 1,876
- Location
- Memphis, TN
- Founding
- 01/1980
- Data as of
- 06/2022
- EIN
- 35-1044585
Organization Overview
American Lebanese Syrian Assoc Char Inc is located in Memphis, TN. The organization was established in 1980. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 06/2022, American Lebanese Syrian Assoc Char Inc employed 1,876 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Lebanese Syrian Assoc Char Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, American Lebanese Syrian Assoc Char Inc generated $2.9b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $1.8b during the year ending 06/2022. While expenses have increased by 9.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS AND BUILD AWARENESS TO SUSTAIN AND GROW THE MISSION OF ST. JUDE CHILDREN'S RESEARCH HOSPITAL, INC.
Describe the Organization's Program Activity:
ALSAC IS THE FUNDRAISING AND AWARENESS ORGANIZATION FOR ST. JUDE CHILDREN'S RESEARCH HOSPITAL, INC. (ST. JUDE). ALSAC EXISTS SOLELY TO RAISE THE FUNDS AND AWARENESS NEEDED TO RUN ST. JUDE NOW AND IN THE FUTURE. ALSAC IS CHARGED WITH SUPPORTING THE MISSION ST. JUDE CHILDREN'S RESEARCH HOSPITAL TO ADVANCE CURES, AND MEANS OF PREVENTION, FOR PEDIATRIC CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT WHILE HONORING THE MEMORY AND HERITAGE OF OUR FOUNDER, DANNY THOMAS. THANKS TO GENEROUS DONORS, FAMILIES NEVER RECEIVE A BILL FROM ST. JUDE FOR TREATMENT, TRAVEL, HOUSING OR FOOD - SO THEY CAN FOCUS ON HELPING THEIR CHILD LIVE. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Downing Ex-Officio Director | Trustee | 1 | $0 |
Richard C Shadyac Jr CEO & Ex-Officio Director | OfficerTrustee | 55 | $957,998 |
Anurag Pandit Chief Investment Officer | 55 | $615,782 | |
Emily Callahan Chief Marketing & Experience Officer | 55 | $598,733 | |
Emily S Greer Chief Admin. Officer (thru 12/21) | Officer | 55 | $620,948 |
Sara Hall Chief Legal Officer | 55 | $542,249 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eaglecom Inc Media Purchasing | 6/29/22 | $7,229,426 |
Innerworkings Inc Print Materials Production | 6/29/22 | $6,763,157 |
Infocision Management Corporation Call Center | 6/29/22 | $6,693,792 |
Infogroup Inc Marketing & Data | 6/29/22 | $4,797,319 |
Mightyhive Media & Marketing | 6/29/22 | $4,736,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,135,003 |
| Membership dues | $0 |
| Fundraising events | $14,152,815 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,353,206,162 |
| Noncash contributions included in lines 1a–1f | $80,438,949 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,370,493,980 |
| Total Program Service Revenue | $0 |
| Investment income | $50,032,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| Net Gain/Loss on Asset Sales | $438,327,864 |
| Net Income from Fundraising Events | $5,086,185 |
| Net Income from Gaming Activities | $24,796,429 |
| Net Income from Sales of Inventory | $1,645,991 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,890,393,094 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,083,764,954 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,216,264 |
| Compensation of current officers, directors, key employees. | $1,021,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,658,272 |
| Pension plan accruals and contributions | $10,861,616 |
| Other employee benefits | $22,899,498 |
| Payroll taxes | $10,996,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,092,775 |
| Fees for services: Accounting | $607,597 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $14,687,759 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,397,747 |
| Advertising and promotion | $0 |
| Office expenses | $640,282 |
| Information technology | $22,466,923 |
| Royalties | $0 |
| Occupancy | $10,418,757 |
| Travel | $4,719,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,469,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,071,841 |
| Insurance | $3,724,157 |
| All other expenses | $52,477,189 |
| Total functional expenses | $1,819,323,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $407,683,641 |
| Pledges and grants receivable | $88,346,172 |
| Accounts receivable, net | $308,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,171,054 |
| Prepaid expenses and deferred charges | $16,548,978 |
| Net Land, buildings, and equipment | $222,213,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,620,955,271 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,359,227,655 |
| Accounts payable and accrued expenses | $79,016,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,556,073 |
| Total liabilities | $124,572,152 |
| Net assets without donor restrictions | $6,995,147,248 |
| Net assets with donor restrictions | $1,239,508,255 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,359,227,655 |