Aalas Foundation
- Assets
- $1.3m
- Revenue
- $279.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 62-1782656
Organization Overview
Aalas Foundation is located in Memphis, TN. The organization was established in 2000. According to its NTEE Classification (D12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aalas 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 12/2021, Aalas Foundation generated $279.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $156.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
DEVELOPMENT AND DISSEMINATION OF INFORMATION REGARDING RESPONSIBLE LABORATORY ANIMAL CARE AND USE IN SCIENCE; EDUCATIONAL OUTREACH FOR STUDENTS TO ENCOURAGE EXPLORATION OF CAREERS INVOLVING LABORATORY ANIMAL SCIENCE; ASSISTING THE AMERICAN ASSOCIATION FOR LABORATORY ANIMAL SCIENCE IN FURTHERING THE ASSOCIATION'S STATED MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Mandrell Secretary/treasurer | OfficerTrustee | 2 | $0 |
Lindsay Holmes Chair | OfficerTrustee | 2 | $0 |
Sarah Gilliam Vice Chair | OfficerTrustee | 2 | $0 |
Ann T Turner Executive Director | OfficerTrustee | 5 | $0 |
Brian Ebert Director | Trustee | 2 | $0 |
Jessica Hunt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,799 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,128 |
| Total Program Service Revenue | $0 |
| Investment income | $25,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,050 |
| Net Income from Fundraising Events | $23,145 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,926 |
| 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 | $135,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,698 |
| Information technology | $215 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | -$65 |
| Total functional expenses | $156,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,100 |
| 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 | $1,997 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,069,148 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,819 |
| Total assets | $1,258,007 |
| Accounts payable and accrued expenses | $3,432 |
| Grants payable | $0 |
| Deferred revenue | $500 |
| 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 | $3,932 |
| Net assets without donor restrictions | $1,170,292 |
| Net assets with donor restrictions | $83,783 |
| 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 | $1,258,007 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aalas Foundation has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $150 |
Endowment Analysis
| Beg. Balance | $939,777 |
| Earnings | $59,550 |
| Ending Balance | $999,327 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation To Support Animal Protection Norfolk, VA | $40,579,709 | $12,145,993 |
American Kennel Club Canine Health Foundation Inc Raleigh, NC | $35,328,435 | $7,058,229 |
Project K9 Hero Whitwell, TN | $1,551,722 | $3,709,319 |
Second Life Thrift Store Avondale Estates, GA | $615,248 | $1,164,466 |
Marianne H Halle Animal Support Foundation Inc Atlanta, GA | $21,526,650 | $1,392,826 |
Muttnation Foundation Inc Nashville, TN | $1,185,347 | $1,153,610 |
Racing Medication And Testing Consortium Inc Lexington, KY | $1,022,414 | $765,426 |
The William And Charlotte Parks Foundation For Animal Welfare Glen Allen, VA | $5,588,090 | $725,704 |
Institute For Feed Education And Research Arlington, VA | $3,467,409 | $235,965 |
R&r Ranch Miniature Horse Sanctuary Foundation Inc Chesterfield, MO | $69,067 | $245,162 |
Samurgency Inc Haralson, GA | $601,641 | $93,810 |
Aalas Foundation Memphis, TN | $1,258,007 | $279,926 |