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Corner High School Alumni Association FY2020 filing

Tax-deductible

Sumiton, AL501(c)(3)Education EIN 26-4642814Revenue $533K in FY2020Latest return filed Aug 22, 2025

On file with the IRSSumiton, ALTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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See Constitution of Corner Alumni Association

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $107K a year · 63% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
115.4 mo
of spending, in cash
115.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$533K
Spent
$51K
To programs
100%
Net assets
$877K
By yearFY2020–FY2025
Revenue
$533K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$533K
FY2021$86K
FY2022$152K
FY2023$71K
FY2024$90K
FY2025$90K
Expenses
$51K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$51K
FY2021$52K
FY2022$58K
FY2023$55K
FY2024$98K
FY2025$68K
Net assets
$877K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$877K
FY2021$911K
FY2022$971K
FY2023$987K
FY2024$1.0M
FY2025$1.0M

From the FY2020 Form 990 (year ending May 2020) · see the original

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

Is it real?

Yes. Exemption reinstated (2011-10-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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% · $51K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
C T Nail
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Angela O Bush
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Barbara W Chappell
Scholarship Committee Chairpe
$0Pt VII · Sec A
Bradley Green
Vice President
$0Pt VII · Sec A
See Corner High School Alumni Association executive salaries →

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

Connects alumni to support their alma mater's mission and community.

Questions for Corner High School Alumni Association

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1 program · $51K · in their own filed words · FY2019
01

Exempt purpose achievements included contributions to the Corner High School Theatre Department. The primary achievement was the raising of money to fund the scholarship program by the Association to deserving students.

$51Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$533K
Ln 12
Fees for servicesLn 2g$515K
Investment incomeLn 3$17K
Gifts and grantsLn 1h$821
Money outPt IX
$51K
Ln 25
Programscol B$51K
Owns and owesPt X
$877K
net assets · Ln 32
Cash and savingsLn 1–2$493K
Total assetsLn 16$877K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$821
Fees for servicesLn 2g$515K
Investment incomeLn 3$17K
Gains on assetsLn 7−$50K
Total revenueLn 12$533K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$491K
Cash and savings togetherLn 1–2$493K
InvestmentsLn 11–13$383K
Total assetsLn 16$877K
LiabilitiesLn 26$0
Net assetsLn 32$877K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$55K$493K
InvestmentsLn 11–13$398K$383K
Total assetsLn 16$453K$877K
LiabilitiesLn 26$0$0
Net assetsLn 32$453K$877K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$550$550
Investment management feesLn 11f$7K$7K
Office expensesLn 13$159$159
Other expenses (24a–d)Ln 24$44K$44K
Total functional expensesLn 25$51K$51K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 22, 2025 $90K$68K$22K$1.0M 990 PDF
FY2024Filed with the IRS Aug 21, 2024 $90K$98K−$8K$1.0M 990 PDF
FY2023Filed with the IRS Aug 25, 2023 $71K$55K$17K$987K 990 PDF
FY2022Filed with the IRS Aug 16, 2022 $152K$58K$94K$971K 990 PDF
FY2021Filed with the IRS Apr 12, 2022 $86K$52K$34K$911K 990 PDF
FY2020 ViewingFiled with the IRS Feb 12, 2021 $533K$51K$481K$877K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $532,589 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,035$821
I-9 Program service revenuePrior year $43,403$515,054
I-10 Investment incomePrior year $3,960$16,714
I-11 Other revenuePrior year $5,493$0
I-12 Total revenuePrior year $53,891$532,589
I-13 Grants and similar amounts paidPrior year $5,125$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,583$51,316
I-18 Total expensesPrior year $10,708$51,316
I-19 Revenue less expensesPrior year $43,183$481,273
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction 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
Part VIII · Statement of revenue $532,589 across 6 lines filed
VIII-1b Membership dues$821
VIII-1h Total contributions, gifts and grants$821
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $515,054$515,054
VIII-3 Investment incomeRelated to mission $66,714$66,714
VIII-7 Net gain or loss on sales of assetsRelated to mission −$50,000−$50,000
VIII-12 Total revenueRelated to mission $531,768 · Unrelated business $0 · Excluded from tax $0$532,589
Part IX · Statement of functional expenses $51,316 across 4 lines filed
IX-11c Accounting feesPrograms $550$550
IX-11f Investment management feesPrograms $6,607$6,607
IX-13 Office expensesPrograms $159$159
IX-24 Other expenses (24a–d)Programs $44,000$44,000
IX-25 Total functional expensesPrograms $51,316 · Management $0 · Fundraising $0$51,316
Part X · Balance sheet $876,574 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $51,107$2,566
X-2 Savings and temporary cash investmentsStart of year $3,432$490,920
X-11 Publicly traded securitiesStart of year $397,992$383,088
X-16 Total assetsStart of year $452,531$876,574
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $452,531$876,574
X-32 Total net assets or fund balancesStart of year $452,531$876,574
X-33 Total liabilities and net assetsStart of year $452,531$876,574
Part XI · Reconciliation of net assets $876,574 net assets at year end
XI-1 Total revenue$532,589
XI-2 Total expenses$51,316
XI-3 Revenue less expenses$481,273
XI-4 Net assets at start of year$452,531
XI-5 Net unrealized gains (losses) on investments−$57,230
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$876,574

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

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