APT Foundation

EIN: 263740432 501(c)(3) Education

Birmingham, AL

Total Revenue
$2,900,977
Total Expenses
$3,845,883
Total Assets
$571,732
Net Assets
$497,169
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
AL
Principal Officer
Melissa Austin
Phone
2053288756
Tax Period
2023-10-01 to 2024-09-30

APT Foundation, founded in 2007, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2017. Expenses of $2.5M left a modest 8% surplus.

Mission

The APT Foundation (APTF) is a nonprofit corporation under the Alabama Nonprofit Corporation Act. It was formed solely as a supporting organization for the benefit of and to provide financial support for the Alabama Educational Television Commission (AETC) who's nine public television stations and one FM public radio station are licensed to the State of Alabama by the Federal Communications Commission. The funds raised by the APTF supplement the budget of the AETC through its public foundation, the Alabama Educational Television Foundation Authority (AETFA). Together, the AETC and the AETFA operate and do business as Alabama Public Television under the brand name of APT which is widely recognized throughout the state as well as nationally.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,849,801
Program Service Revenue $0
Investment Income $51,176
Other Revenue $0
TOTAL REVENUE $2,900,977

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $930,461
Program Expenses $2,212,842
Other Expenses $3,845,883
TOTAL EXPENSES $3,845,883

Year-over-Year Comparison

2023 2022 Change
Revenue $2,900,977 $2,826,818 +0.0%
Expenses $3,845,883 $3,434,174 +0.1%
Net Income $-944,906 $-607,356 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
6
$439,478
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Johnny L Curry Board Member 1.00
Director
$0 $0 $0
Ferris W Stephens Board Member 1.00
Director
$0 $0 $0
Barry B Copeland Board Member 1.00
Director
$0 $0 $0
D Wayne Reid Board Member 1.00
Director
$0 $36,429 $218,972
Philip F Hutcheson Board Member 1.00
Director
$0 $36,733 $220,506
Melissa Austin Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,900,977 $3,845,883 $571,732 $-944,906
2023 $2,826,818 $3,434,174 $1,542,386 $-607,356
2022 $2,979,331 $2,361,249 $2,285,532 $618,082
2021 $3,063,528 $2,726,087 $1,647,434 $337,441
2020 $3,017,046 $2,740,498 $1,220,013 $276,548
2019 $2,766,095 $2,542,401 $967,947 $223,694
2018 $2,725,292 $2,501,943 $691,013 $223,349
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