The Friends of Arts Magnet Education Board

EIN: 471297899 501(c)(3) Education

Montgomery, AL

Total Revenue
$221,924
Total Expenses
$72,338
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
AL
Principal Officer
Lillian G Martin
Phone
3348689933
Tax Period
2018-01-01 to 2018-12-31

The Friends of Arts Magnet Education Board, founded in 2015, is a small nonprofit in the Education sector that reported $222K in total revenue in fiscal year 2018. The organization ran a surplus of $150K, a strong 67% operating margin.

Mission

FAME's purpose is to support, financially and through in-kind efforts, the educational mission of BTW, a public high school.

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Trantor Score

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $221,924
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $221,924

Expense Breakdown

Grants Paid $48,206
Salaries & Benefits $0
Fundraising Expenses $17,722
Program Expenses $48,611
Other Expenses $24,132
TOTAL EXPENSES $72,338

Year-over-Year Comparison

2018 2017 Change
Revenue $221,924 N/A N/A
Expenses $72,338 N/A N/A
Net Income $149,586 N/A N/A
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
29
Independent Members
29
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cheryl Carter President 15.00
Officer
$0 $0 $0
Stephen Brickley Vice President 10.00
Officer
$0 $0 $0
Paula Lyman Secretary 5.00
Officer
$0 $0 $0
Lillian Martin Treasurer 5.00
Officer
$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
2018 $221,924 $72,338 No data $149,586
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