Alabama Installment Lenders Assoc

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

EIN: 630413872 ✦ Birmingham, AL ✦ Designated as a 501(c)(6)

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Overview

What is Alabama Installment Lenders Assoc?

The Alabama Installment Lenders Association, situated in Birmingham, AL, serves as an advocate for the regulation of small loan companies. They actively promote these businesses through diverse programs, aiming to foster their growth and success within the state. The association's primary mission is to advocate for sound governance practices within the small loan industry, ensuring a fair and responsible environment for both consumers and providers.

Is Alabama Installment Lenders Assoc legitimate?

Alabama Installment Lenders Assoc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Alabama Installment Lenders Assoc 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

What is the mission statement of Alabama Installment Lenders Assoc?

The Alabama Installment Lenders Association serves as an advocate for the governance of small loan companies. Their mission, carried out through various programs, is centered around promoting these companies. Although the information provided does not detail the specific objectives or outcomes of these programs, it is clear that the association aims to support and uphold the operations of small loan companies.

Who is the CEO of Alabama Installment Lenders Assoc?

Paul B Ford Iii is the Treasurer of Alabama Installment Lenders Assoc.

What is the revenue of Alabama Installment Lenders Assoc?

Alabama Installment Lenders Assoc's revenue in 2022 was $296,265.

Who are the executives of Alabama Installment Lenders Assoc and what are their salaries?


Here are 4 key members and their salaries:


Paul B Ford Iii (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Ford Propst (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bennie Pointer (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Turner (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Alabama Installment Lenders Assoc?

Alabama Installment Lenders Assoc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Alabama Installment Lenders Assoc

The Alabama Installment Lenders Association, abbreviated as AILA, is an advocacy group that focuses on the governance of small loan companies. This nonprofit organization's mission is to promote these small loan companies through various programs. By doing so, AILA aims to ensure responsible and fair practices within the industry. The association operates with a goal to advocate for the interests and well-being of these small loan companies, thereby contributing to a stable and responsible lending environment.

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Impact




October, 2024

The Alabama Installment Lenders Association (AILA) plays a significant role in advocating for the governance of small loan companies in Alabama. By promoting best practices and ethical standards within the industry, AILA seeks to enhance consumer protection while fostering a responsible lending environment. Through various programs, the association not only supports regulatory compliance among its members but also works to improve the overall perception of installment lending in the community.

Based in Birmingham, AILA focuses on community improvement, ensuring that small loan companies operate transparently and serve the financial needs of consumers effectively. The association's initiatives contribute to a more informed and engaged public, promoting financial literacy and awareness of responsible borrowing practices. By collaborating with stakeholders in the lending industry and regulatory bodies, AILA positions itself as a key player in shaping policies that impact small loan companies and their customers, ultimately fostering a more stable financial landscape in Alabama.




This information is meant to be a general summary of Alabama Installment Lenders Assoc. 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
$296,265 (2022)
Expenses
$320,083 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $13
  • Program Service Revenue: $296,252
  • Gross Receipts: $296,265

Assets and Liabilities:

  • Total Assets: $162,955
  • Total Liabilities: $0
  • Net Assets: $162,955

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$296,252

Organization Details

Founding Year

1986

Principal Officer

Paul B Ford Iii

Main Address

214 2ND AVENUE NORTH, BIRMINGHAM, AL, 35203

NTEE Category

Code: S41 - Community improvement

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