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Nonprofiteer
← APT FOUNDATION

Form 990 for tax year 2024

Filed by APT FOUNDATION.

Totals

Total revenue
$3,138,374
Total expenses
$3,598,164
Contributions and grants received
$3,127,367
Grants paid
$0
Program service revenue
$0
Investment income
$11,007
Other revenue
$0
Total assets, end of year
$37,586
Total liabilities, end of year
$207
Net assets or fund balances, end of year
$37,379
Program services expenses (Part IX)
$1,734,618
Management and general expenses
$658,043
Fundraising expenses
$1,205,503
Program service expenses (Part III)
$1,734,618

Program services were 48.2% 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.

  • 1e · Government grants (contributions)

    $2,000

  • 1f · All other contributions, gifts and grants

    $3,125,367

  • 3 · Investment income

    total $11,007 · excluded $11,007

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $647,009 · management and general $647,009

  • 11c · Fees: accounting

    total $1,350 · management and general $1,350

  • 11g · Fees: other

    total $205,464 · program services $140,516 · fundraising $64,948

  • 12 · Advertising and promotion

    total $863,595 · program services $760 · fundraising $862,835

  • 13 · Office expenses

    total $123,649 · program services $324 · management and general $5,984 · fundraising $117,341

  • 14 · Information technology

    total $13,002 · fundraising $13,002

  • 17 · Travel

    total $11,871 · fundraising $11,871

  • 19 · Conferences, conventions and meetings

    total $9,822 · fundraising $9,822

  • 21 · Payments to affiliates

    total $1,593,018 · program services $1,593,018

  • 23 · Insurance

    total $3,700 · management and general $3,700

  • 24a · Other expenses: Premium - Thank you gif

    total $107,908 · fundraising $107,908

  • 24b · Other expenses: Donor Events

    total $17,776 · fundraising $17,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $546,479 · end of year $29,893

  • 4 · Accounts receivable

    beginning of year $3,909 · end of year $7,393

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,344 · end of year $300

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,563 · end of year $207

  • 27 · Net assets without donor restrictions

    beginning of year $497,169 · end of year $37,379

Mission and programs · 2024

Mission

The APTF's sole purpose is to provide funding support for Alabama Public Television (APT); therefore, it fully embraces the stated mission of APT. In summary, APT is committed to enrich the lives of Alabama citizens by providing essential educational services with the highest quality direct instructional content through digital streaming; by acting as an indispensable resource of Alabama's Storyteller; by promoting Alabama to the world as a unique community postured for business and growth; by working closely with Homeland Security and state agencies to provide a statewide network to disseminate information effectively in times of disaster; by bringing the very best in the world of music, theater, dance and the arts to enrich and inspire the lives of the people of our state; and by offering programming that educates the citizenry, giving them the means and the desire to reach their highest potential through the development of a strong work ethic bonded to honesty and integrity.

Activities or mission (Part I)

The APT Foundation (APTF) is a nonprofit corporation under the Alabama Nonprofit Corporation Act. It was formed solely as a supporting organization for the benefit of and to provide financial support for the Alabama Educational Television Commission (AETC) who's nine public television stations and one FM public radio station are licensed to the State of Alabama by the Federal Communications Commission. The funds raised by the APTF supplement the budget of the AETC through its public foundation, the Alabama Educational Television Foundation Authority (AETFA). Together, the AETC and the AETFA operate and do business as Alabama Public Television under the brand name of APT which is widely recognized throughout the state as well as nationally.

  • The APTF's primary service is to raise funds to provide an annual operating grant to APT. The APTF does this by providing an operating grant to APT after paying for all fundraising expenses and its allocated share of overhead expenses.

    Expenses $1,593,018 · Revenue $3,138,374

  • APT leases the majority of its content for television from the Public Broadcast Service (PBS) and is a member affiliate of this distributor. APT also leases a smaller amount of its content needs from various other distributors. The APTF assisted directly with the costs of purchasing and promoting these programs.

    Expenses $141,600

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Johnny L Curry

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ferris W Stephens

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Barry B Copeland

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • D Wayne Reid

    Board Member

    Total calculated
    $252,640
    From this org
    $0
    From related orgs
    $209,172
    Other
    $43,468
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $209,172 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $43,468 related
    Filer's total
    $0 + $252,640 related

  • Philip F Hutcheson

    Board Member

    Total calculated
    $127,823
    From this org
    $0
    From related orgs
    $107,310
    Other
    $20,513
    Hours/week
    1

  • Melissa Austin

    Board Member

    Total calculated
    $135,136
    From this org
    $0
    From related orgs
    $109,016
    Other
    $26,120
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202622269349302967

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