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Nonprofiteer
← ALABAMA ONE ASPIRE FOUNDATION

Form 990 for tax year 2022

Filed by ALABAMA ONE ASPIRE FOUNDATION.

Totals

Total revenue
$247,987
Total expenses
$94,479
Contributions and grants received
$247,890
Grants paid
$31,597
Program service revenue
$0
Investment income
$97
Other revenue
$0
Total assets, end of year
$278,746
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$278,746
Program services expenses (Part IX)
$85,942
Management and general expenses
$8,537
Fundraising expenses
$0
Program service expenses (Part III)
$85,942

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $3,740

  • 1f · All other contributions, gifts and grants

    $244,150

  • 3 · Investment income

    total $97 · related or exempt $97

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $3,740

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,597 · program services $31,597

  • 12 · Advertising and promotion

    total $5,613 · management and general $5,613

  • 13 · Office expenses

    total $114 · management and general $114

  • 17 · Travel

    total $100 · management and general $100

  • 19 · Conferences, conventions and meetings

    total $54,345 · program services $54,345

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $1,225 · management and general $1,225

  • 24b · Other expenses: OTHER OPERATING EXPENSE

    total $1,170 · management and general $1,170

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $315 · management and general $315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,238 · end of year $278,746

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $125,238 · end of year $278,746

Mission and programs · 2022

Mission

OUTREACH TO UNDERPRIVILEGED MEMBERS OF THE COMMUNITY, ADVANCEMENT OF EDUCATION, AND FINANCIAL LITERACY EDUCATION.

  • SCHOLARSHIP PROGRAMS: THE FOUNDATION SPONSORS SEVERAL SCHOLARSHIP PROGRAMS TO HELP MEMBERS OF THE COMMUNITY PURSUE THEIR EDUCATIONAL DREAMS. SOME OF THESE ARE FACILITATED THROUGH VARIOUS LOCAL HIGHER EDUCATION INSTITUTIONS, AND CAN BE APPLIED FOR ON THOSE INSTITUTIONS WEBSITES. OTHERS CAN BE APPLIED FOR DIRECTLY AT AOCU. ALL CHECKS ARE WRITTEN DIRECTLY TO THE INSTITUTIONS AND MAILED TO THE STUDENTS. IN 2022, SCHOLARSHIPS TOTALLING $25,964 WERE ISSUED UNDER THIS PROGRAM.

    Expenses $25,964 · Grants $25,964

  • BRIDGEBUILDERS CONFERENCE: BRINGS TOGETHER COMMUNITY LEADERS TO DISCUSS WAYS TO IMPROVE THE COMMUNITY WITH FINANCIAL WELLNESS IN EDUCATION.

    Expenses $30,744

  • THE ALABAMA ONE ASPIRE FOUNDATION'S GOLF TOURNAMENT IS PURPOSED TO FUNDRAISE FOR CHILDREN'S EDUCATION, COMMUNITY EMPOWERMENT, AND FINANCIAL WELLNESS. ALL PROCEEDS FROM THE EVENT WILL POWER OUR OUTREACH EFFORTS AND EXPAND OUR IMPACT.

    Expenses $12,033

  • FINANCIAL WELLNESS & SCHOOL EVENTS: FINANCIAL DISCUSSIONS WITH VARIOUS HIGH SCHOOLS AND ELEMENTARY SCHOOLS

    Expenses $3,654

  • FAMILY$AVES: DESIGNED TO ELEVATE THE ENTIRE FAMILY THROUGH THE COMPLETION OF FINANCIAL WELLNESS AND PERSONAL GROWTH MODULES. THE PROGRAM WILL MATCH EACH FAMILY WITH A MENTOR AND OFFERS MONTHLY CLASSES & WORKSHOPS. FAMILY$AVES FEATURES A POINT-BASED SYSTEM TO REINFORCE THE PROGRAM'S VALUES AND PROVIDES ADDITIONAL OPPORTUNITIES TO ATTEND SEMINARS AND EARN FINANCIAL INCENTIVES.

    Expenses $7,840

  • DONATIONS TO OTHER ORGANIZATIONS: THE FOUNDATION ALSO MAKES DONATIONS TO OTHER ORGANIZATIONS WHO ARE PARTNERING WITH THE FOUNDATION IN ITS MISSION. IN 2022, THIS RESULTED IN A DONATIONS OF $5,633 TO VARIOUS ORGANIZATIONS INCLUDING AMERICAN RED CROSS.

    Expenses $5,633 · Grants $5,633

  • FINTALK ACADEMY: THE FOUNDATION'S COLLECTIVE EFFORT TO EXPAND OUR REACH WITH DIVERSE EVENTS AND PROGRAMS. THE FOUNDATION HOPES THAT WITH ADEQUATE FINANCIAL LITERACY, HEALTHIER FAMILY RELATIONSHIPS ARE CULTIVATED, STRONGER COMMUNITIES ARE BONDED, AND OUR OVERALL ECONOMY IS ENHANCED.FINTALK PODCAST IS A WEEKLY PODCAST, HOSTED BY JACQUIE JOHNSON, DESIGNED TO GIVE LISTENERS TOOLS NEEDED TO MAXIMIZE FINANCIAL OPPORTUNITIES AND ACHIEVE FINANCIAL SUCCESS.

    Expenses $74

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jacquie Johnson

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Tanya Winstead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lucy Sellers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brittany Floyd

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tamika Alexander

    CHAIRPERSON OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.5

  • Isaac McCoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Caroline Vann

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Shelby Grantham

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Misty Moon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Katie Andoe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tammy Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tierra Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cody Ingram

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349325198

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