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Alabama Education Retirees Foundation

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

EIN: 570894883 ✦ Montgomery, AL ✦ Designated as a 501(c)(3)

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Overview

What is Alabama Education Retirees Foundation?

Alabama Education Retirees Foundation is a nonprofit organization situated in Montgomery, Alabama, specifically at 828 Washington Avenue. The primary mission of this organization is to support individuals who have chosen education as their career path. They accomplish this by providing scholarships to deserving candidates. The Foundation's activities are focused on fostering educational growth and development, which ultimately benefits the broader community.


Official website here: www.aerainc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star Rating

The Alabama Education Retirees Foundation has received a solid Three-Star rating from Charity Navigator, reflecting a 76% score primarily based on its Accountability & Finance metrics. This rating indicates that the organization demonstrates a commendable commitment to transparency and responsible financial management, which are critical for donor trust and sustained support.

Key strengths highlighted in the evaluation include a fully independent board with ten members, exhibiting effective governance practices. The organization also reports no material diversion of assets, alongside a strong program expense ratio of over 90%, suggesting that a significant portion of its resources is directed towards its mission rather than administrative costs.

While the rating is generally positive, it is important to note that the score is solely derived from one beacon category. This limitation implies that areas such as organizational impact or fundraising effectiveness were not assessed, which could provide a more comprehensive view of the foundation’s overall performance and effectiveness in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Alabama Education Retirees Foundation legitimate?

Alabama Education Retirees Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Education Retirees 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.aerainc.org

What is the mission statement of Alabama Education Retirees Foundation?

The Alabama Education Retirees Foundation's primary mission is to extend financial aid through scholarships to individuals who have chosen education as their career path. This non-profit organization is dedicated to supporting these individuals, recognizing their commitment to the educational field. In the recent year, the foundation has awarded scholarships to nine such individuals, furthering their educational journeys and contributing to the future of education.


Official website here: www.aerainc.org

Who is the CEO of Alabama Education Retirees Foundation?

Jill Jackson is the Vice Preside of Alabama Education Retirees Foundation.


Official website here: www.aerainc.org

What is the revenue of Alabama Education Retirees Foundation?

Alabama Education Retirees Foundation's revenue in 2023 was $17,068.


Official website here: www.aerainc.org

Who are the executives of Alabama Education Retirees Foundation and what are their salaries?


Here are 11 key members and their salaries:


Carol Abernathy (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Lane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Lockhart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Madden (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gwen Peterson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Seybold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitzi Smallwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Stafford Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herbert White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Jackson (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aerainc.org

Where can I find the form 990 for Alabama Education Retirees Foundation?

Alabama Education Retirees Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.aerainc.org

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

Mission Statement of Alabama Education Retirees Foundation

Alabama Education Retirees Foundation is an organization dedicated to supporting individuals actively involved in the field of education. Their primary mission, as stated, is to provide scholarships for these individuals. By offering financial aid, the foundation aims to alleviate some of the financial burden associated with pursuing a career in education. This support not only encourages continued education but also contributes to the overall development and growth of the education sector. In the past year, the foundation has awarded scholarships to nine such individuals, further emphasizing its commitment to this cause.

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Impact




August, 2024

Alabama Education Retirees Foundation's impact lies in providing scholarships to individuals who are currently pursuing a career in education. In a recent initiative, the foundation awarded scholarships to 9 deserving individuals engaged in the field of education. By supporting the educational aspirations of these individuals, the foundation is not only investing in their professional development but also contributing to the overall improvement of the education sector. Through its work, the foundation is directly impacting the lives of educators and, by extension, the students they will go on to teach.




This information is meant to be a general summary of Alabama Education Retirees 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
$17,068 (2023)
Expenses
$26,827 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $32
  • Gross Receipts: $17,068

Assets and Liabilities:

  • Total Assets: $117,149
  • Total Liabilities: $0
  • Net Assets: $117,149

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Organization Details

Founding Year

1989

Principal Officer

Jill Jackson

Main Address

828 WASHINGTON AVENUE, MONTGOMERY, AL, 36104

NTEE Category

Code: B20C - Education

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