Alabama Education Television Foundation Authority

EIN: 636050895 501(c)(3) Arts, Culture & Humanities

Birmingham, AL

Total Revenue
$9,211,248
Total Expenses
$7,747,275
Total Assets
$15,065,321
Net Assets
$14,090,966
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
AL
Principal Officer
Melissa Austin
Phone
2053288756
Tax Period
2023-10-01 to 2024-09-30

Alabama Education Television Foundation Authority, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The Alabama Educational Television Foundation Authority (AETFA) was created in 1982 as a public corporation by Code of Alabama 16-7A-1. It's primary mission is to raise and expend funds in support of the mission of 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 AETFA supplement the budget of the AETC which receives annual appropriations from the Alabama State Education Trust Fund. Together, the AETFA and the AETC 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 $3,408,686
Program Service Revenue $4,896,471
Investment Income $219,442
Other Revenue $686,649
TOTAL REVENUE $9,211,248

Expense Breakdown

Grants Paid $61,000
Salaries & Benefits $3,967,159
Fundraising Expenses $879,172
Program Expenses $5,854,366
Other Expenses $3,719,116
TOTAL EXPENSES $7,747,275

Year-over-Year Comparison

2023 2022 Change
Revenue $9,211,248 $8,338,350 +0.1%
Expenses $7,747,275 $6,571,689 +0.2%
Net Income $1,463,973 $1,766,661 -0.2%
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
11
Independent Members
11
Employees
72
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
3
$439,478
Total Directors
10
$175
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harvey Lester Barnett Board Member 1.00
Director
$0 $0 $75
Tijuanna Adetunji Board Member 1.00
Director
$0 $0 $0
W Peter Conroy Board Member 1.00
Director
$0 $0 $0
J Holland Board Member 1.00
Director
$0 $0 $0
Belva M Williams Board Member 1.00
Director
$0 $0 $75
Ferris W Stephens Board Member 1.00
Director
$0 $0 $0
Barry B Copeland Board Member 1.00
Director
$0 $0 $0
Johnny Curry Board Member 1.00
Director
$0 $0 $0
Dr Allen Mendenhall Board Member 1.00
Director
$0 $0 $0
William A Green Jr Board Member 1.00
Director
$0 $0 $25
Melissa Austin Chief Financial Officer 40.00
Officer
$0 $0 $0
D Wayne Reid Executive Director 40.00
Officer
$8,525 $36,429 $218,972
Philip F Hutcheson Interim Executive Director 40.00
Officer
$7,650 $36,733 $220,506
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 $9,211,248 $7,747,275 $15,065,321 $1,463,973
2023 $8,338,350 $6,571,689 $12,269,683 $1,766,661
2022 $5,328,357 $5,286,770 $11,571,976 $41,587
2021 $5,899,982 $4,781,521 $11,749,441 $1,118,461
2020 $5,598,163 $5,180,295 $9,415,292 $417,868
2019 $5,030,288 $4,599,969 $8,499,877 $430,319
2018 $4,740,390 $4,896,545 $7,797,621 $-156,155
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