Alabama Health Research And Education Foundation Inc
- Assets
- $8.3m
- Revenue
- $100.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 07/1964
- Data as of
- 06/2023
- EIN
- 63-6049673
Organization Overview
Alabama Health Research And Education Foundation Inc is located in Montgomery, AL. The organization was established in 1964. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Health Research And Education 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 06/2023, Alabama Health Research And Education Foundation Inc generated $100.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $118.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ALABAMA HEALTH RESEARCH & EDUCATION FOUNDATION IS THE IMPROVEMENT OF THE HEALTH OF THE PEOPLE OF ALABAMA THROUGH THE PROVISION OF BETTER HOSPITAL CARE, THE FOSTERING AND SPONSORSHIP OF EDUCATIONAL PROGRAMS FOR TRAINING OF HEALTH CAREER PERSONNEL, FINANCIAL AID FOR INDIVIDUALS OF ALABAMA NEEDING ASSISTANCE WHO ARE PURSUING AN EDUCATION IN HEALTH CAREERS, THE PROMOTION OF SCIENTIFIC KNOWLEDGE IN HOSPITAL ADMINISTRATION AS WELL AS THE PROMOTION AND SPONSORSHIP OF RESEARCH IN HOSPITAL ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES HEALTH, RESEARCH AND EDUCATION PRIMARILY THROUGH THE PRESENTATION OF SEMINARS AND MEETINGS. DURING THE YEAR, R & E'S WORK WITH VARIOUS AFFILIATED HEALTH CARE GROUPS (ENGINEERS AND MATERIEL MANAGERS) WAS BACK TO NEAR NORMAL PRE COVID LEVELS. ACCORDINGLY, 160 HOSPITAL EMPLOYEES FROM THE AFFILIATED SOCIETIES PARTICIPATED IN MEETINGS. WORK ALSO CONTINUED WITH THE AMERICAN HEART ASSOCIATION AS A TRAINING CENTER (TC) RESPONSIBLE FOR CONDUCTING EDUCATIONAL COURSES AND TRAINING IN CPR AND EMERGENCY CARDIAC CARE THROUGH CONTRACTS WITH TRAINING SITES LOCATED THROUGHOUT THE STATE OF ALABAMA. FOR THE YEAR, 40 ENTITIES WERE MEMBERS OF THIS TC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald E Williamson President/ceo | Trustee | 1 | $0 |
Peter Selman Immediate Past Chairman | Trustee | 1 | $0 |
Joseph Marchant Chairman | Trustee | 1 | $0 |
Teresa Grimes Member At Large | Trustee | 1 | $0 |
Jeff Samz Member At Large | Trustee | 1 | $0 |
Joe Stough Incoming Chairman | Trustee | 1 | $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 | $99,851 |
| Investment income | $0 |
| 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 | $100,452 |
| 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 | $50,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| 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 | $65,723 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,713 |
| Total functional expenses | $118,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,494 |
| Savings and temporary cash investments | $23,942 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,300 |
| 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 | $8,257,157 |
| Total assets | $8,293,893 |
| Accounts payable and accrued expenses | $10,861 |
| Grants payable | $0 |
| Deferred revenue | $17,868 |
| 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 | $8,257,132 |
| Total liabilities | $8,285,861 |
| Net assets without donor restrictions | $8,032 |
| 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 | $8,293,893 |