Alabama Family Trust Corporation
- Assets
- $3.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Birmingham, AL
- Founding
- 01/1996
- Data as of
- 09/2023
- EIN
- 63-1144514
Organization Overview
Alabama Family Trust Corporation is located in Birmingham, AL. The organization was established in 1996. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 09/2023, Alabama Family Trust Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Family Trust Corporation 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, Alabama Family Trust Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $920.4k during the year ending 09/2023. While expenses have increased by 1.8% per year over the past 8 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
SEE SCHEDULE O FOR MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF 700 TO 800 SPECIAL NEEDS TRUSTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Byars CFO | Officer | 40 | $141,942 |
Melanie Bradford Holliman Executive Dir. | Officer | 22 | $20,536 |
Shannon Brubaker Chief Admin Off | Officer | 40 | $14,458 |
Clayton Davis President | OfficerTrustee | 3 | $0 |
Jennifer Griffin Vice President | OfficerTrustee | 3 | $0 |
James Walsh Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,363,537 |
| Investment income | $31,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,480 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,394,048 |
| 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. | $176,936 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,853 |
| Pension plan accruals and contributions | $10,991 |
| Other employee benefits | $7,652 |
| Payroll taxes | $30,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,815 |
| Fees for services: Accounting | $3,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $233,722 |
| Fees for services: Other | $488 |
| Advertising and promotion | $27,857 |
| Office expenses | $33,570 |
| Information technology | $31,421 |
| Royalties | $0 |
| Occupancy | $28,916 |
| Travel | $14,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,937 |
| Insurance | $26,530 |
| All other expenses | $807 |
| Total functional expenses | $920,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,601,835 |
| 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 | $835 |
| Net Land, buildings, and equipment | $16,696 |
| Investments—publicly traded securities | $768,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,895 |
| Total assets | $3,390,102 |
| Accounts payable and accrued expenses | $27,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $637,016 |
| 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 | $664,849 |
| Net assets without donor restrictions | $2,725,253 |
| 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 | $3,390,102 |