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Apt Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263740432 ✦ Birmingham, AL ✦ Designated as a 501(c)(3)

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Overview

What is Apt Foundation?

The Apt Foundation, based in Birmingham, Alabama, serves as a primary funding source for APT, a well-known public television station in the state. Established under the Alabama Nonprofit Corporation Act, its primary mission is to provide financial support to APT. The foundation raises funds through various means, covering its expenses before distributing the remaining amount as an annual operating grant to APT. The Apt Foundation supports APT's commitment to enriching Alabamians' lives by providing educational services, promoting the state, offering entertainment, and disseminating crucial information during emergencies.


Official website here: www.aptv.org

Is Apt Foundation legitimate?

Apt Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apt Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.aptv.org

What is the mission statement of Apt Foundation?

The APT Foundation's mission is primarily focused on supporting Alabama Public Television (APT). It aims to supplement the budget of APT, which provides essential educational services to Alabama citizens through high-quality instructional content, serving as a resource for Alabama's history, promoting the state, disseminating information during emergencies, and showcasing arts and culture. Additionally, the foundation helps bring world-class music, theater, dance, and educational programming to Alabama, encouraging personal growth and the development of strong work ethics and integrity.


Official website here: www.aptv.org

Who is the CEO of Apt Foundation?

Philip F Hutcheson is the Board Member of Apt Foundation.


Official website here: www.aptv.org

What is the revenue of Apt Foundation?

Apt Foundation's revenue in 2022 was $2,979,331.


Official website here: www.aptv.org

Who are the executives of Apt Foundation and what are their salaries?


Here are 4 key members and their salaries:


Philip F Hutcheson (Board Member)
  • Compensation: $0
  • Related: $164,114
  • Other: $34,398
Johnny L Curry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ferris W Stephens (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry B Copeland (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aptv.org

Where can I find the form 990 for Apt Foundation?

Apt Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aptv.org

Learn more at the official website: www.aptv.org

Mission Statement of Apt Foundation

The Apt Foundation, a nonprofit organization, is established with the sole purpose of financially supporting Alabama Public Television (APT). Its mission aligns with APT's commitment to enrich the lives of Alabama citizens. The Apt Foundation achieves this by supplementing APT's budget through the Alabama Educational Television Foundation Authority. The foundation's support enables APT to provide essential educational services, featuring high-quality direct instructional content via digital streaming. APT also acts as a significant resource for Alabama's history, promoting the state as a unique and thriving community.

The Apt Foundation enhances APT's capabilities by bringing top-notch music, theater, dance, and art performances to Alabama residents, inspiring and enriching their lives. In times of crisis, APT collaborates with Homeland Security and state agencies to disseminate vital information effectively through a statewide network. Lastly, APT offers programming that educates and empowers citizens, fostering a strong work ethic and values of honesty and integrity. In summary, the Apt Foundation plays a crucial role in supporting APT's mission to enrich and educate the lives of Alabamans.

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Impact




October, 2024

The Apt Foundation has a significant impact on the educational and cultural landscape of Alabama. By raising funds to support Alabama Public Television (APT), the foundation enhances the availability of high-quality educational services throughout the state. APT leverages these resources to deliver direct instructional content, making educational programming accessible to a wide audience through digital streaming.

Moreover, APT serves as a vital platform for sharing Alabama's stories and promoting the state as a destination for business and growth. During times of crisis, the foundation ensures that critical information is disseminated effectively statewide, working closely with Homeland Security and other state agencies.

In addition to educational programming, APT enriches the lives of Alabama residents by bringing premier music, theater, dance, and arts content to the forefront, fostering a vibrant cultural scene. Through its commitment to education and community engagement, the Apt Foundation plays a crucial role in empowering citizens, instilling values of hard work, honesty, and integrity that enable them to achieve their highest potential.




This information is meant to be a general summary of Apt Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,979,331 (2022)
Expenses
$2,361,249 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,520
  • Gross Receipts: $2,979,331

Assets and Liabilities:

  • Total Assets: $2,285,532
  • Total Liabilities: $236,101
  • Net Assets: $2,049,431

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Organization Details

Founding Year

2007

Principal Officer

Philip F Hutcheson

Main Address

2112 11th Avenue South Suite 400, Birmingham, AL, 35205

NTEE Category

Code: B119 - Education

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