Aalas Foundation EIN 62-1782656

Aalas Foundation

EIN  62-1782656 Supporting organization Memphis, TN
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Size
$100K–1M
What they do
Promotes responsible laboratory animal care and science careers through information, education, and support for related professional associations.
Leadership
Molly Romick · Chair
Money in and out
$130K revenue, $224K expenses
Bottom line
-72% net inflow

Promotes responsible laboratory animal care and science careers through information, education, and support for related professional associations. For fiscal year 2024 it reported $130K in revenue, $224K in expenses, and $1.4M in net assets.Pt I

Money in and out · FY2024
Total revenue
$130K
Pt VIII · Ln 12
Total expenses
$224K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$94K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.15 Fundraising $0.15
Net inflow
-72%
revenue over expenses, this year▼ -262% vs prior filing year
Pass-through gifts
151%
of revenue from contributions▲ +79% vs prior filing year
Program spending
69%
of expenses reach stated programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$130K
FY2024▼ -63%
Expenses
$224K
FY2024▲ +16%
Total assets
$1.5M
FY2024▼ -6%
Total liabilities
$21K
FY2024▼ -19%
Total revenue
$130K
Pt VIII · Ln 12
Total expenses
$224K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$94K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $155K of program spending, described in the organization's own filed words · FY2024.
01

Development and dissemination of information regarding responsible laboratory animal care and use in science; educational outreach for students to encourage exploration of careers involving laboratory animal science; assisting the american association for laboratory animal science in furthering the association's stated mission.

$155Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAalas Foundation
EINHdr · item D62-1782656
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jwww.aalasfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D124)
Ruling yearIRS BMFJun 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants151%$196K
Total revenueLn 12$130K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.15 Fundraising $0.15
Program services69%$155K
Management & general15%$34K
Fundraising15%$34K
Total functional expensesLn 25$224K

Balance Sheet

Part X · end of year
CashLn 1$144K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$21K
Total net assetsLn 32$1.4M
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $224K
74.4 months
Where the money goes
Program services
Program services $155K · Total expenses $224K
69%
Management & General
Management & general $34K · Total expenses $224K
15%
Fundraising
Fundraising $34K · Total expenses $224K
15%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $244K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $196K · Total revenue $130K
151%
Government reliance
Government grants — · Total revenue $130K
Earned-income share
Program service revenue $0 · Total revenue $130K
0%
Investment reliance
Investment income $-73K · Total revenue $130K
-56%
Program self-sufficiency
Program service revenue $0 · Total expenses $224K
0%
Growth & trend
Revenue growth (YoY)
This year $130K · Prior year $347K
-63%
Revenue CAGR
FY2020 $175K · FY2024 $130K
-7%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $130K · Expenses $224K
-72%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.4M · Total assets $1.5M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $1.2M · Total assets (Pt X, ln 16) $1.5M
86%
People & payroll
Highest Reported Total Compensation
Individual Molly Romick · Reported title CHAIR · Highest reported compensation $0 · Total expenses $224K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $224K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 15%
Fundraising cost ratio 18%
Revenue growth -63%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$70

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$130K revenue · viewing · ⤓ 990 PDF
FY2023$347K revenue · ⤓ 990 PDF
FY2022$167K revenue · ⤓ 990 PDF
FY2021$280K revenue · ⤓ 990 PDF
FY2020$175K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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