Arsenal Place
- Assets
- $417.8k
- Revenue
- $74.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Selma, AL
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-1760801
Organization Overview
Arsenal Place is located in Selma, AL. The organization was established in 2015. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arsenal Place 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 12/2021, Arsenal Place generated $74.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $39.6k during the year ending 12/2021. While expenses have increased by 5.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORKFORCE DEVELOPMENT, COMMUNITY DEVELOPMENT AND SOCIAL JUSTICE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE AND COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana Garner Vice President | Officer | 2 | $0 |
Josh Marcengill Treasurer | Officer | 2 | $0 |
Rashida Morgan Secretary | Officer | 2 | $0 |
Nathan Fuhrman President | Officer | 5 | $0 |
James Thomas Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,350 |
| Total Program Service Revenue | $7,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,600 |
| Net Gain/Loss on Asset Sales | -$28,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $510 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,263 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,875 |
| Insurance | $4,531 |
| All other expenses | $0 |
| Total functional expenses | $39,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $359,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $417,823 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $417,823 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arsenal Place has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Ala Tom Resource Conservation And Development Area Sponsor Orgn Thomasville, AL PURPOSE: GENERAL/COMM DEVEL | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pasco-Hernando Workforce Board Inc New Port Richey, FL | $2,232,654 | $8,486,038 |
Polk County Workforce Development Board Inc Bartow, FL | $2,112,904 | $7,478,002 |
Workforce Dev Bd Of The Tres Coast Port St Lucie, FL | $4,273,478 | $6,937,446 |
Suncoast Workforce Board Inc Sarasota, FL | $1,147,952 | $7,055,216 |
Cobbworks Inc Marietta, GA | $1,042,645 | $6,034,938 |
Greater Miami Service Corps Miami, FL | $1,495,856 | $5,833,031 |
National Center For Housing Management Jacksonville, FL | $7,536,545 | $5,299,102 |
Labfour Career Training Institute Memphis, TN | $0 | $5,875,670 |
Atlanta Electrical Joint Apprenticeship & Training Committe Norcross, GA | $3,550,323 | $3,191,649 |
Southeastern Carpenters Training Trust Martinez, GA | $13,939,872 | $4,338,311 |
Aws Foundation Miami, FL | $114,521,791 | $12,519,020 |
Mechanical Trades Institute Joint Apprenticeship And Training Trust Atlanta, GA | $7,970,880 | $3,241,037 |