Overview
What is Alabama Association Of Regional Councils?
The Alabama Association of Regional Councils is a nonprofit organization dedicated to serving the Regional Councils in Alabama. Their primary function is to educate these councils through seminars, aiming to empower them to provide affordable loans to underprivileged businesses. Beyond financial aid, the association also plays a role in raising political awareness among the regional councils of the state. The organization incurs expenses for its annual conference, which serves as a platform for educational and training opportunities for its members. Furthermore, the Alabama Association of Regional Councils manages programs related to ALDOT-HSCTP, contributing to the overall development and growth of the regional councils in Alabama.
What are the reviews and ratings of this charity?
Charity Navigator rating: 54%, One-Star out of Four Star rating.
The Alabama Association Of Regional Councils has received a One-Star rating from Charity Navigator, primarily due to its low Accountability & Finance score of 54%. This rating indicates a significant concern regarding the organization's governance and transparency practices. The overall score is derived solely from this beacon, with various factors contributing to the low rating.
Strengths of the organization include a high Program Expense Ratio of 93.96%, suggesting that a substantial portion of its expenses is directed toward its programs rather than administrative costs. Additionally, the organization has a low Liabilities to Assets Ratio of 2.31%, which reflects good financial health in terms of its obligations compared to its assets.
Conversely, notable limitations include the complete absence of independent board members and missing financial statements, which raises questions about its governance practices. The organization also lacks several key policies, such as a whistleblower policy and a document retention policy, and fails to provide important documents on its website, all of which impact its accountability and transparency rating.
This AI summary has been generated from information found on Charity Navigator.
Is Alabama Association Of Regional Councils legitimate?
Alabama Association Of Regional Councils is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Association Of Regional Councils 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: $59,957
For more financial information, click here
What is the mission statement of Alabama Association Of Regional Councils?
The Alabama Association of Regional Councils has a mission to educate and raise awareness about political affairs among all the regional councils within the state. Beyond this, the association aims to provide educational opportunities and seminars to these regional councils, with a specific focus on supporting underprivileged businesses by offering low-cost loans and processing grants. The primary objective of the Alabama Association of Regional Councils is to empower these regional councils through education and financial assistance, thereby contributing to the overall development of the local communities.
Who is the CEO of Alabama Association Of Regional Councils?
Tyson Howard is the Assistant of Alabama Association Of Regional Councils.
What is the revenue of Alabama Association Of Regional Councils?
Alabama Association Of Regional Councils's revenue in 2022 was $2,731,288.
Who are the executives of Alabama Association Of Regional Councils and what are their salaries?
The average compensation at Alabama Association Of Regional Councils during 2022 was $29,978. There are 2 employees at Alabama Association Of Regional Councils.
There is 1 key member and their salary:
- Compensation: $790
- Related: $0
- Other: $0
Where can I find the form 990 for Alabama Association Of Regional Councils?
Alabama Association Of Regional Councils's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Association Of Regional Councils
The Alabama Association of Regional Councils is committed to a dual mission. Primarily, it aims to educate and raise awareness about political affairs among all regional councils in the state. Beyond this, it serves as a facilitator, providing education and resources to these regional councils. These regional councils, in turn, offer low-cost loans to underprivileged businesses and process grants. By undertaking these activities, the Alabama Association of Regional Councils plays a significant role in promoting economic growth and development in the state, focusing on underserved businesses. Its mission is to equip these regional councils with the necessary knowledge and tools to effectively serve their communities and contribute to the state's economic prosperity.
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Impact
July, 2024
Alabama Association of Regional Councils impacts the local communities in Alabama by providing essential education and training opportunities to all Regional Councils in the state. Through seminars and other educational programs, the association equips regional councils with the knowledge and resources to offer low-cost loans to underprivileged businesses, thus helping to support economic development and growth in underserved areas. Additionally, the association raises awareness of political affairs among regional councils, empowering them to advocate for policies that benefit their communities. Overall, the Alabama Association of Regional Councils plays a vital role in promoting education, economic development, and civic engagement across the state.
This information is meant to be a general summary of Alabama Association Of Regional Councils. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $85
- Program Service Revenue: $2,664,901
- Gross Receipts: $2,731,288
Assets and Liabilities:
- Total Assets: $300,565
- Total Liabilities: $6,954
- Net Assets: $293,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AARC Project
Revenue
$212,290
AARC
Revenue
$208,312
State TA
Revenue
$2,242,895
A4A
Revenue
$1,404
Organization Details
Founding Year
1995
Phone
(334) 277-2221Principal Officer
Tyson Howard
Main Address
5900 Carmichael Place, Montgomery, AL, 36117
NTEE Category
Code: B99Z - Education
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