Mobile Area Education Foundation
- Assets
- $1.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Mobile, AL
- Founding
- 09/1992
- Data as of
- 09/2023
- EIN
- 58-2005291
Organization Overview
Mobile Area Education Foundation is located in Mobile, AL. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2023, Mobile Area Education Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mobile Area Education Foundation 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 09/2023, Mobile Area Education Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 9.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP A COALITION OF CITIZENS, PUBLIC OFFICIALS AND OTHER INTERESTED PARTIES TO FORMULATE AND IMPLEMENT PLANS FOR IMPROVING EDUCATION IN MOBILE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FSCS - THE FULL-SERVICE COMMUNITY SCHOOLS (FSCS) PROGRAM, ENCOURAGES COORDINATION OF EDUCATIONAL, DEVELOPMENTAL, FAMILY, HEALTH, AND OTHER SERVICES THROUGH PARTNERSHIPS BETWEEN(1)PUBLIC ELEMENTARY AND SECONDARY SCHOOLS AND(2) COMMUNITY-BASED ORGANIZATIONS AND PUBLIC OR PRIVATE ENTITIES.
BTG - THIS PROGRAM SERVES STUDENTS IN GRADES K-5. STUDENTS MEET MONDAY THROUGH THURSDAY AND PARTICIPATE IN ACADEMIC INTERVENTION. FOLLOWING INTERVENTION, STUDENTS PARTICPATE IN STEM, ART, SPORTS AND HOMEWORK HELP.
80/20 - FOR MOBILE TO REALIZE 75,000 DEGREES/CREDENTIALS WITHIN OUR COMMUNITIES BY 2030, WE MUST IMPLEMENT AND FACILITATE PATHWAYS TO CREDENTIALING, TRANSFER AND COMPLETION FOR ALL STUDENTS. THE IMPACT STRATEGIES OF SUCH PATHWAYS MUST PROVIDE APPROACHES GUIDED BY OBJECTIVES THAT RESULT IN INCREASED COMPLETION RATES FOR 18-24 YEAR OLD STUDENTS, WITH A FOCUS ON LOW-INCOME AND AFRICAN - AMERICAN STUDENTS. THERE MUST BE A SEAMLESS MULTI TIERED SYSTEM OF SUPPORTS FOR COLLEGE STUDENTS AT EVERY TRANSITION PHASE TO ENSURE THEY STAY ON TRACK TO GRADUATE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Akers Executive Director | Officer | 40 | $160,883 |
Jordan Jones Director | Trustee | 3 | $0 |
Richard Perry Director | Trustee | 3 | $0 |
Rob Mcginley Director | Trustee | 3 | $0 |
Contina Woods Director | Trustee | 3 | $0 |
Lissa Watkins Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $52 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,424,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,834,007 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,834,021 |
| 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. | $161,221 |
| Compensation of current officers, directors, key employees. | $34,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,799 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,000 |
| Payroll taxes | $29,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $820 |
| Fees for services: Accounting | $19,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $475 |
| Office expenses | $31,471 |
| Information technology | $15,715 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,435 |
| Interest | $5,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,270 |
| All other expenses | $19,177 |
| Total functional expenses | $1,811,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $632,655 |
| Accounts receivable, net | $2,198 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,055,685 |
| Accounts payable and accrued expenses | $707,924 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $807,924 |
| Net assets without donor restrictions | $247,761 |
| 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 | $1,055,685 |