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← ALABAMA EDUCATIONAL FOUNDATION AND INDIAN SPRINGS SCHOOL A CORPORATIO

Form 990 for tax year 2024

Filed by ALABAMA EDUCATIONAL FOUNDATION AND INDIAN SPRINGS SCHOOL A CORPORATIO.

Totals

Total revenue
$17,350,497
Total expenses
$16,568,845
Contributions and grants received
$2,588,201
Grants paid
$2,973,271
Program service revenue
$14,217,120
Investment income
$358,792
Other revenue
$186,384
Total assets, end of year
$42,069,464
Total liabilities, end of year
$7,317,166
Net assets or fund balances, end of year
$34,752,298
Program services expenses (Part IX)
$14,957,175
Management and general expenses
$869,737
Fundraising expenses
$741,933
Program service expenses (Part III)
$14,957,175

Program services were 90.3% 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.

  • 1f · All other contributions, gifts and grants

    $2,588,201

  • 1g · Noncash contributions included above

    $2,021,041

  • 2a · Program service revenue: TUITION

    total $13,697,500 · related or exempt $13,697,500

  • 2b · Program service revenue: STUDENT FEES AND OTHER INCOME

    total $519,620 · related or exempt $519,620

  • 3 · Investment income

    total $358,805 · excluded $358,805

  • 5 · Royalties

    total $5,078 · excluded $5,078

  • 7b · Less cost or other basis and sales expenses

    securities $13

  • 7c · Gain or loss

    securities -$13

  • 7d · Net gain or loss

    total -$13 · excluded -$13

  • 11a · Other revenue: SUMMER CAMP

    total $181,306 · unrelated business $181,306

  • 11e · Other revenue, total

    $181,306

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,212,966 · program services $2,212,966

  • 3 · Grants to foreign organizations and individuals

    total $760,305 · program services $760,305

  • 5 · Compensation of officers, directors and key employees

    total $1,136,810 · program services $596,312 · management and general $163,740 · fundraising $376,758

  • 7 · Other salaries and wages

    total $4,206,463 · program services $3,852,239 · management and general $330,543 · fundraising $23,681

  • 8 · Pension plan contributions

    total $488,416 · program services $406,632 · management and general $45,181 · fundraising $36,603

  • 9 · Other employee benefits

    total $748,613 · program services $623,259 · management and general $69,251 · fundraising $56,103

  • 10 · Payroll taxes

    total $369,264 · program services $307,431 · management and general $34,159 · fundraising $27,674

  • 11b · Fees: legal

    total $23,476 · management and general $23,476

  • 11c · Fees: accounting

    total $54,137 · management and general $54,137

  • 11g · Fees: other

    total $14,400 · program services $14,400

  • 13 · Office expenses

    total $108,032 · program services $97,229 · management and general $10,803

  • 14 · Information technology

    total $307,256 · program services $276,530 · management and general $27,653 · fundraising $3,073

  • 16 · Occupancy

    total $647,686 · program services $615,302 · management and general $25,907 · fundraising $6,477

  • 20 · Interest

    total $135,381 · program services $135,381

  • 22 · Depreciation, depletion and amortization

    total $1,686,870 · program services $1,602,526 · management and general $67,475 · fundraising $16,869

  • 23 · Insurance

    total $409,678 · program services $409,678

  • 24a · Other expenses: DINING HALL

    total $1,014,104 · program services $993,822 · management and general $20,282

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $611,230 · program services $580,669 · management and general $24,449 · fundraising $6,112

  • 24c · Other expenses: SECURITY

    total $221,987 · program services $221,987

  • 24d · Other expenses: ADMISSIONS

    total $213,869 · program services $213,869

  • 24e · All other expenses

    total $1,197,902 · program services $1,036,638 · management and general -$27,319 · fundraising $188,583

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,381 · end of year $44,453

  • 2 · Savings and temporary cash investments

    beginning of year $7,783,080 · end of year $7,565,904

  • 3 · Pledges and grants receivable

    beginning of year $1,948,351 · end of year $989,433

  • 4 · Accounts receivable

    beginning of year $174,726 · end of year $191,033

  • 9 · Prepaid expenses and deferred charges

    beginning of year $103,932 · end of year $93,264

  • 10a · Land, buildings and equipment: cost or other basis

    $51,603,619

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,975,172

  • 10c · Land, buildings and equipment, net

    beginning of year $33,432,892 · end of year $32,628,447

  • 12 · Investments: other securities

    beginning of year $347,595 · end of year $450,854

  • 15 · Other assets

    beginning of year $153,320 · end of year $106,076

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,123,005 · end of year $1,103,184

  • 19 · Deferred revenue

    beginning of year $5,472,294 · end of year $5,597,474

  • 23 · Secured mortgages and notes payable

    beginning of year $5,055,431 · end of year $608,508

  • 25 · Other liabilities

    beginning of year $14,000 · end of year $8,000

  • 27 · Net assets without donor restrictions

    beginning of year $32,402,547 · end of year $34,752,298

Mission and programs · 2024

Mission

GUIDED BY OUR MOTTO, LEARNING THROUGH LIVING, INDIAN SPRINGS SCHOOL FOSTERS A LOVE OF LEARNING AND CREATIVITY, A SENSE OF INTEGRITY AND MORAL COURAGE, AND AN ETHIC OF PARTICIPATORY CITIZENSHIP WITH RESPECT FOR INDIVIDUALITY AND INDEPENDENT THOUGHT.

  • OPERATION OF EDUCATIONAL ORGANIZATION

    Expenses $14,957,175 · Grants $2,973,271 · Revenue $14,217,120

As filed on the 2024 return.

Listed in Part VII

  • Elizabeth Goodrich

    CHAIR, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Clara K Chung

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Ellen McElroy

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Jerolyn Ferrari

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Braxton Goodrich

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Hanson Slaughter

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Joe Farley

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Kyung Han

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Leo Kayser III

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Elise Frohsin

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Robert Aland

    TREASURER BOARD OF DIRECTO

    Total calculated
    $0
    Hours/week
    0

  • Michele Forman

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Lia Rushton

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Hina Patel

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • C Randall Minor

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • R Scott Pulliam

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Emily Hess Levine

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Andrea Haines

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Martin Damsky

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Kazuo Moriya

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Callen Thistle

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0

  • Tanya Yeager

    ASSISTANT HEAD OF SCHOOL F

    Total calculated
    $227,008
    From this org
    $182,368
    From related orgs
    $0
    Other
    $44,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,368
    Bonus
    $0
    Other
    $0
    Deferred
    $19,135
    Nontaxable benefits
    $25,505
    Filer's total
    $227,008

  • Scott Schamberger

    HEAD OF SCHOOL

    Total calculated
    $555,141
    From this org
    $407,077
    From related orgs
    $0
    Other
    $148,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $407,077
    Bonus
    $0
    Other
    $0
    Deferred
    $80,563
    Nontaxable benefits
    $67,501
    Filer's total
    $555,141

  • Peggy Fleetwood

    SECRETARY

    Total calculated
    $56,635
    From this org
    $54,759
    From related orgs
    $0
    Other
    $1,876
    Hours/week
    40

  • Dawn Phillips

    SECRETARY

    Total calculated
    $46,621
    From this org
    $36,748
    From related orgs
    $0
    Other
    $9,873
    Hours/week
    40

  • Lauren Wainright

    DIRECTOR OF STRATEGY AND S

    Total calculated
    $134,281
    From this org
    $113,105
    From related orgs
    $0
    Other
    $21,176
    Hours/week
    40

  • James Simon

    ASSISTANT HEAD OF SCHOOL F

    Total calculated
    $243,157
    From this org
    $212,907
    From related orgs
    $0
    Other
    $30,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,907
    Bonus
    $0
    Other
    $0
    Deferred
    $21,545
    Nontaxable benefits
    $8,705
    Filer's total
    $243,157

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 1A
ON-CAMPUS HOUSING AND HOUSEKEEPING ARE PROVIDED.

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
15 October 2025
IRS schema version
2024v5.2
Source object
202542899349301229

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