Florida Alpha Educational Foundation Inc
- Assets
- $698.2k
- Revenue
- $53.0
- Investments
- $642.2k
- Employees
- 0
- Location
- Lake City, FL
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 59-2180616
Organization Overview
Florida Alpha Educational Foundation Inc is located in Lake City, FL. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Alpha Educational Foundation 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 12/2021, Florida Alpha Educational Foundation Inc generated $53.0 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 (58.6%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS FOR BROTHERS NEEDING FINANCIAL AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hw Massey Jr Director | 0 | $0 | |
Kevin H Wilkinson Director | 0 | $0 | |
Guy Norris President | 0 | $0 | |
Dale Hedrick Director | 0 | $0 | |
Robert Lloyd Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,003 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $642,198 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $698,201 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Florida Alpha Educational Foundation Inc has awarded $4,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PRYCE HARMON PURPOSE: SCHOLARSHIP | $1,200 |
KEVIN ALVAREZ PURPOSE: SCHOLARSHIP | $1,200 |
PAUL KOCENKO PURPOSE: SCHOLARSHIP | $1,200 |
JOSE PLASENCIA PURPOSE: SCHOLARSHIP | $1,200 |
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|---|---|---|
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River City Education Organization Inc Jacksonville, FL | $21,815,598 | $7,864,021 |
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Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
Hudsonalpha Foundation Huntsville, AL | $65,481,044 | $7,640,212 |
University Of North Florida Financing Corporation Jacksonville, FL | $185,430,007 | $11,542,145 |
Georgia College & State University Foundation Inc Milledgeville, GA | $66,057,685 | $10,177,448 |
Highlands Day School Foundation Birmingham, AL | $18,906,069 | $7,689,613 |
Georgia Southern University Foundation Inc Statesboro, GA | $119,816,237 | $13,421,593 |
Kennesaw State Unversity Research And Service Foundation Inc Kennesaw, GA | $5,063,329 | $7,661,519 |