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Aalc INC FY2020 filing

Tax-deductible

Lookout Mtn, GA501(c)(3)Since 2007HousingEIN 26-2480633Revenue $5K in FY2020

On file with the IRS14049 Scenic Hwy, 30750-4100 · Lookout Mtn, GATax-exempt since Aug 2008Publicly supported — 509(a)(2)

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Advancement of the health, religious, and educational needs of the elderly.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $2K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
43 mo
of spending, in cash
Looks good: 43.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $650
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5K
Spent
$12K
To programs
100%
Net assets
$626K
By yearFY2020–FY2025
Revenue
$5K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5K
FY2021$21
FY2022$85K
FY2023$85
FY2024$117K
FY2025$54K
Expenses
$12K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$12K
FY2021$8K
FY2022$10K
FY2023$38K
FY2024$130K
FY2025$49K
Net assets
$626K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$626K
FY2021$618K
FY2022$693K
FY2023$654K
FY2024$641K
FY2025$647K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $12K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Frank Brock
President
$0Pt VII · Sec A
Marc Erickson
Assistant Secretary/Treasu
$0Pt VII · Sec A
Don Morton
Assistant Secretary/Treasu
$0Pt VII · Sec A
Karen Leavengood
Board Member
$0Pt VII · Sec A
See Aalc INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the health, religious, and educational needs of older adults.

Questions for Aalc INC

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Provided by the organization

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1 program · $12K · in their own filed words · FY2020
01

An assisted living community to aid in the health, religious, and educational well-being of elderly individuals is finishing construction.

$12Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Chattanooga Christian Community FoundationFY2020$650
Total grants receivedfrom 1 funder$650
Grants paid · 3 grants · $166K · 2024–2025
Individual RecipientFY2025$42,416
West Brow Fire & Rescue INCGA · FY2024$87,500
Individual RecipientFY2024$36,068

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5K
Ln 12
Gifts and grantsLn 1h$5K
Investment incomeLn 3$22
Money outPt IX
$12K
Ln 25
Programscol B$12K
Owns and owesPt X
$626K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$626K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Investment incomeLn 3$22
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$45K
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$500K
Land, buildings, equipmentLn 10c$81K
Total assetsLn 16$626K
LiabilitiesLn 26$0
Net assetsLn 32$626K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$52K$45K
InvestmentsLn 11–13$500K$500K
Land, buildings, equipmentLn 10c$81K$81K
Total assetsLn 16$633K$626K
LiabilitiesLn 26$0$0
Net assetsLn 32$633K$626K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$407$407
Total functional expensesLn 25$12K$12K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $54K$49K$5K$647K 990 PDF
FY2024 $117K$130K−$13K$641K 990 PDF
FY2023 $85$38K−$38K$654K 990 PDF
FY2022 $85K$10K$75K$693K 990 PDF
FY2021 $21$8K−$8K$618K 990 PDF
FY2020 Viewing $5K$12K−$8K$626K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,622 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,450$4,600
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $22$22
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,472$4,622
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,284$12,458
I-18 Total expensesPrior year $4,284$12,458
I-19 Revenue less expensesPrior year −$2,812−$7,836
Part VI · Governance 0 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,622 across 4 lines filed
VIII-1f All other contributions, gifts and grants$4,600
VIII-1h Total contributions, gifts and grants$4,600
VIII-3 Investment incomeExcluded from tax $22$22
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $22$4,622
Part IX · Statement of functional expenses $12,458 across 4 lines filed
IX-11c Accounting feesPrograms $1,453$1,453
IX-23 InsurancePrograms $1,431$1,431
IX-24 Other expenses (24a–d)Programs $9,167$9,167
IX-24e All other expensesPrograms $407$407
IX-25 Total functional expensesPrograms $12,458 · Management $0 · Fundraising $0$12,458
Part X · Balance sheet $625,604 assets, 8 lines filed
X-1 Cash, non-interest-bearing$1
X-2 Savings and temporary cash investmentsStart of year $52,443$44,806
X-10c Land, buildings and equipment, netStart of year $80,772$80,772
X-12 Other securitiesStart of year $500,025$500,025
X-16 Total assetsStart of year $633,440$625,604
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $633,440$625,604
X-33 Total liabilities and net assetsStart of year $633,440$625,604
Part XI · Reconciliation of net assets $625,604 net assets at year end
XI-1 Total revenue$4,622
XI-2 Total expenses$12,458
XI-3 Revenue less expenses−$7,836
XI-4 Net assets at start of year$633,440
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$625,604

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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