Mobile Area Education Foundation
- Assets
- $306.3k
- Revenue
- $460.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Mobile, AL
- Founding
- 09/1992
- Data as of
- 09/2022
- 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 09/2022, 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 09/2022, Mobile Area Education Foundation generated $460.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $583.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 7 years. 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
2022
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
STUDENT ACHIEVEMENT - THE ORGANIZATION BRINGS OUTSIDE RESOURCES INTO LOCAL SCHOOLS AND COMMUNITIES TO FOCUS ON AREAS LIKE STUDENT ACHIEVEMENT, PROFESSIONAL DEVELOPMENT FOR TEACHERS AND PRINCIPALS, PARENTAL INVOLEMENT AND PUBLIC EDUCATION. THE ORGANIZATION USES PROVEN INSTRUCTIONAL MODELS TO PROMOTE HIGH STANDARDS AND HIGH ACHIEVEMENT FOR EVERY CHILD.
STEM - THIS PROGRAM IS A WORKFORCE AND ECONOMIC DEVELOPMENT INIATIVE TO BRING RELEVANCE TO THE K-12 MATH AND SCIENCE CURRICULUM. THE PROGRAM WILL INSPIRE, ENGAGE, AND PREPARE STUDENTS TO TAKE THE COURSE WORK NEEDED TO SUPPORT THE GROWING DEMAND FOR HIGHLY SKILLED AND TECHNOLOGY PREPARED WORKERS FOR THE AEROSPACE, SHIPBUILDING, STEEL, MANUFACTURING AND OTHER INDUSTRIES LOCATED, AND LOCATING IN OUR AREA.
INTERNSHIP PROGRAM - THE ORGANIZATION THROUGH ITS GRADUATE READY CAREER DEVELOPMENT PROGRAM, IN PARTNERING WITH MAEF PUBLIC CHARTER SCHOOLS, INC., WILL PROVIDE CAREER DEVELOPMENT SERVICES AND PAID INTERNSHIPS TO WIOA ELIGIBLE STUDENTS ENROLLED AT ACCEL DAY AND EVENING ACADEMY (ACCEL). ACCEL IS ALABAMAS FIRST PUBLIC CHARTER HIGH SCHOOL SERVING STUDENTS WHO ARE ON-TRACK TO GRADUATION, HAVE DROPPED OUT OR CONSIDERING DROPPING OUT BECAUSE THEY ARE BEHIND OR BECAUSE THEY HAVE ADULT RESPONSIBILITIES THAT MAKE ATTENDING SCHOOL IN THE DAYTIME DIFFICULT. CAREER DEVELOPMENT AND PLANNING WILL LEAD TO PAID INTERNSHIPS THAT PROVIDE STUDENTS WORK-BASED EXPERIENCES FOR EIGHT HOURS PER WEEK OVER 10 WEEKS. STUDENTS WILL BE PROVIDED INTENSIVE INTERNSHIP PREPARATION SERVICES INCLUDING CAREER EXPLORATION AND WORKPLACE SKILLS TRAINING BEFORE AND DURING THE INTERNSHIP EXPERIENCE. STUDENTS WILL BE PLACED IN INTERNSHIPS BASED UPON THEIR CAREER INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Akers Executive Director | Officer | 40 | $159,383 |
Robert Baker President | OfficerTrustee | 3 | $0 |
Bill Sisson Treasurer | OfficerTrustee | 3 | $0 |
Preston Bolt Legalgovernance | OfficerTrustee | 3 | $0 |
Talma Carstarphen Vice President | OfficerTrustee | 3 | $0 |
Mike Marshall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,545 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $460,799 |
| Total Program Service Revenue | $0 |
| Investment income | $90 |
| 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 | $460,889 |
| 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. | $161,847 |
| Compensation of current officers, directors, key employees. | $32,369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,984 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,000 |
| Payroll taxes | $26,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $480 |
| Fees for services: Accounting | $13,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15 |
| Office expenses | $36,572 |
| Information technology | $12,088 |
| Royalties | $0 |
| Occupancy | $9,250 |
| Travel | $3,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,090 |
| Insurance | $4,833 |
| All other expenses | $0 |
| Total functional expenses | $583,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,656 |
| Accounts receivable, net | $35,052 |
| 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 | $589 |
| 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 | $306,262 |
| Accounts payable and accrued expenses | $80,602 |
| 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 | $80,602 |
| Net assets without donor restrictions | $225,660 |
| 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 | $306,262 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mobile Area Education Foundation has recieved totaling $217,507.
| Awarding Organization | Amount |
|---|---|
New Schools Fund Oakland, CA PURPOSE: INNOVATIVE SCHOOLS | $160,000 |
Rjjb Family Foundation Mobile, AL PURPOSE: ACCEL ACADEMY | $50,000 |
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
The Riley Foundation Meridian, MS | $106,706,164 | $2,375,468 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |