EAST ALABAMA INNOVATION AND RURAL TRAINING HUB FOUNDATION

EIN: 922175318 501(c)(3) Community Improvement

SYLACAUGA, AL

Total Revenue
$5,335,899
Total Expenses
$277,824
Total Assets
$25,286,390
Net Assets
$25,286,390
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
AL
Principal Officer
MARGARET MORTON
Phone
2562454343
Tax Period
2023-10-01 to 2024-09-30

EAST ALABAMA INNOVATION AND RURAL TRAINING HUB FOUNDATION, founded in 2023, is a mid-sized nonprofit in the Community Improvement sector that reported $20.5M in total revenue in fiscal year 2023. The organization ran a surplus of $20.2M, a strong 99% operating margin.

Mission

EAST ALABAMA RURAL INNOVATION AND TRAINING HUB MISSION IS TO PROVIDE EAST ALABAMA AN EFFICIENT AND EFFECTIVE WORKFORCE DEVELOPMENT SYSTEM THAT IS RESPONSIVE TO CURRENT NEEDS OF INDIVIDUALS AND BUSINESSES WHILE ALSO LOOKING FORWARD TO FUTURE ECONOMIC DEVELOPMENT INITIATIVES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,144,922
Program Service Revenue $0
Investment Income $1,185,922
Other Revenue $5,055
TOTAL REVENUE $5,335,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,495
Fundraising Expenses $0
Program Expenses $16,986
Other Expenses $233,329
TOTAL EXPENSES $277,824

Year-over-Year Comparison

2023 2022 Change
Revenue $5,335,899 $20,494,977 -0.7%
Expenses $277,824 $266,662 +0.0%
Net Income $5,058,075 $20,228,315 -0.7%
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
15
Independent Members
15
Employees
N/A
Volunteers
40

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
$61,888
Total Directors
15
$61,888
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET MORTON PRESIDENT 1.00
Officer Director
$0 $0 $61,888
GLENN SISK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MELVA TATE TREASURER 1.00
Officer Director
$0 $0 $0
JASON ISBELL BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM PONDER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN PARRISH BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF LYNN BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA HARDY BOARD MEMBER 1.00
Director
$0 $0 $0
LORI SOKOL BOARD MEMBER 1.00
Director
$0 $0 $0
JESSE CLEVELAND BOARD MEMBER 1.00
Director
$0 $0 $0
CAITLYN MCTIER BOARD MEMBER 1.00
Director
$0 $0 $0
DREW HONEYCUTT BOARD MEMBER 1.00
Director
$0 $0 $0
GAINES LIVINGSTON BOARD MEMBER 1.00
Director
$0 $0 $0
DR STEVEN TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
AVERY EMBRY 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 $5,335,899 $277,824 $25,286,390 $5,058,075
2023 $20,494,977 $266,662 $20,228,315 $20,228,315
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