EAST ALABAMA INNOVATION AND RURAL TRAINING HUB FOUNDATION Charity Report

Public IRS 990 nonprofit record

EAST ALABAMA INNOVATION AND RURAL TRAINING HUB FOUNDATION

EIN 92-2175318 · Economic Development (S30)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $6.10 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.32%of revenue went to mission work6.1% of expenses · Program services

$12.44spent for every $100 of revenueRevenue covered expenses this year.

4.89%of revenue went to management and office costs93.9% of expenses

$123.54in assets for every $1 spent this yearSome assets cannot be spent right away.

185.6%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,335,899

Mission workProgram services$16,9860.32% of revenue6.1% of expenses

ManagementOffice and general costs$260,8384.89% of revenue93.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$5,058,07594.79% of revenueShown in gray on the chart

Total expenses$277,8245.21% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 6.1% went to mission work. Ask the charity to explain these numbers and show recent results.

Money in and money out

Revenue$2,233,463

Expenses$277,824

Annual surplus $1,955,639 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$16,986 · 6.1% of expenses

Management and office costs$260,838 · 93.9% of expenses

See all reported dollar amounts

Revenue$2,233,463

Expenses$277,824

Assets$34,322,144

Income$2,233,463

Contributions$4,144,922

Mission work (program services)$16,986

Management and general$260,838

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (15)

ADAM PONDERBOARD MEMBER

AVERY EMBRYBOARD MEMBER

CAITLYN MCTIERBOARD MEMBER

DR STEVEN TAYLORBOARD MEMBER

DREW HONEYCUTTBOARD MEMBER

GAINES LIVINGSTONBOARD MEMBER

GLENN SISKVICE PRESIDENT

JASON ISBELLBOARD MEMBER

JEFF LYNNBOARD MEMBER

JESSE CLEVELANDBOARD MEMBER

JOHN PARRISHBOARD MEMBER

LINDA HARDYBOARD MEMBER

LORI SOKOLBOARD MEMBER

MARGARET MORTONPRESIDENT

MELVA TATETREASURER

About this charity

Recognized since: January 2024
Location: 78 BETSY ROSS LN, SYLACAUGA, AL 35150-2030
County: Talladega
In care of: MARGARET MORTON
Primary officer: MARGARET MORTON, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(256) 245-4343

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: HALEY & WOODS LLP
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development