ALABAMA ONE ASPIRE FOUNDATION

EIN: 843427199 501(c)(3) Philanthropy & Grantmaking

TUSCALOOSA, AL

Total Revenue
$174,390
Total Expenses
$107,882
Total Assets
$345,254
Net Assets
$345,254
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
AL
Principal Officer
JACQUIE JOHNSON
Phone
2057591595
Tax Period
2023-01-01 to 2023-12-31

ALABAMA ONE ASPIRE FOUNDATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $174K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $67K, a strong 38% operating margin.

Mission

OUTREACH TO UNDERPRIVILEGED MEMBERS OF THE COMMUNITY, ADVANCEMENT OF EDUCATION, AND FINANCIAL LITERACY EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $13,523

SCHOLARSHIP PROGRAMS: THE FOUNDATION SPONSORS SEVERAL SCHOLARSHIP PROGRAMS TO HELP MEMBERS OF THE COMMUNITY PURSUE THEIR EDUCATIONAL DREAMS. SOME OF THESE ARE FACILITATED THROUGH VARIOUS LOCAL HIGHER...

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SCHOLARSHIP PROGRAMS: THE FOUNDATION SPONSORS SEVERAL SCHOLARSHIP PROGRAMS TO HELP MEMBERS OF THE COMMUNITY PURSUE THEIR EDUCATIONAL DREAMS. SOME OF THESE ARE FACILITATED THROUGH VARIOUS LOCAL HIGHER EDUCATION INSTITUTIONS, AND CAN BE APPLIED FOR ON THOSE INSTITUTIONS WEBSITES. OTHERS CAN BE APPLIED FOR DIRECTLY AT AOCU. ALL CHECKS ARE WRITTEN DIRECTLY TO THE INSTITUTIONS AND MAILED TO THE STUDENTS. IN 2023, SCHOLARSHIPS TOTALLING $13,500 WERE ISSUED UNDER THIS PROGRAM.

Program 2
Expenses: $13,605

BRIDGE BUILDERS: BRINGS TOGETHER COMMUNITY LEADERS TO DISCUSS WAYS TO IMPROVE THE COMMUNITY WITH FINANCIAL WELLNESS IN EDUCATION.

Program 3
Expenses: $42,339

DONATIONS TO OTHER ORGANIZATIONS: THE FOUNDATION ALSO MAKES DONATIONS TO OTHER ORGANIZATIONS WHO ARE PARTNERING WITH THE FOUNDATION IN ITS MISSION. IN 2023, THIS RESULTED IN A DONATIONS OF $42,339 TO...

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DONATIONS TO OTHER ORGANIZATIONS: THE FOUNDATION ALSO MAKES DONATIONS TO OTHER ORGANIZATIONS WHO ARE PARTNERING WITH THE FOUNDATION IN ITS MISSION. IN 2023, THIS RESULTED IN A DONATIONS OF $42,339 TO VARIOUS ORGANIZATIONS INCLUDING THE CRIMSON TIDE SCHOLARSHIP FUND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $183,651
Program Service Revenue $0
Investment Income $5,537
Other Revenue $-14,798
TOTAL REVENUE $174,390

Expense Breakdown

Grants Paid $55,839
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $86,186
Other Expenses $52,043
TOTAL EXPENSES $107,882

Year-over-Year Comparison

2023 2022 Change
Revenue $174,390 $247,987 -0.3%
Expenses $107,882 $94,479 +0.1%
Net Income $66,508 $153,508 -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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACQUIE JOHNSON PRESIDENT/DIRECTOR 20.00
Director
$0 $0 $0
TAMIKA ALEXANDER CHAIRPERSON OF THE BOARD 0.50
Director
$0 $0 $0
TAMMY SIMMONS VICE PRESIDENT/DIRECTOR 0.50
Director
$0 $0 $0
BRADLEY WATSON BOARD MEMBER 0.50
Director
$0 $0 $0
MISTY MOON BOARD MEMBER 0.50
Director
$0 $0 $0
ISAAC MCCOY DIRECTOR 0.50
Director
$0 $0 $0
ROMEL GIBSON BOARD MEMBER 0.50
Director
$0 $0 $0
CODY INGRAM BOARD MEMBER 0.50
Director
$0 $0 $0
KATIE ANDOE BOARD MEMBER 0.50
Director
$0 $0 $0
SHELBY GRANTHAM TREASURER 0.50
Director
$0 $0 $0
BRITTANY FLOYD BOARD MEMBER 0.50
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 No data No data No data No data
2023 $174,390 $107,882 $345,254 $66,508
2022 $247,987 $94,479 $278,746 $153,508
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