Talladega First INC

Tax-deductible

Talladega, AL501(c)(3)EIN 63-0918897

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To provide for the economic, cultural and civic pride revitalization of the city of talladega's historic courthouse district by providing quality and diverse lively arts performances in the restored ritz theater, a restored art deco performance center.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 50 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $47K a year · 19% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
41 mo
of spending, in cash
Looks good: 40.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $39
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$256K
+26% vs prior year
Spent
$196K
To programs
90%
Net assets
$922K
By yearFY2019–FY2024
Revenue
$256K
FY2024▲ +26%
Revenue by fiscal year
FY2019$308K
FY2020$144K
FY2021$456K
FY2022$142K
FY2023$203K
FY2024$256K
Expenses
$196K
FY2024▼ -18%
Expenses by fiscal year
FY2019$285K
FY2020$130K
FY2021$175K
FY2022$206K
FY2023$238K
FY2024$196K
Net assets
$922K
FY2024▲ +7%
Net assets by fiscal year
FY2019$665K
FY2020$680K
FY2021$961K
FY2022$897K
FY2023$862K
FY2024$922K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1987.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $175K Management & general 9% · $17K Fundraising 2% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair, Execu
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Talladega First 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

Revitalizes historic district with diverse live arts performances.

Provided by the organization

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1 program service account for $175K of program spending, described in the organization's own filed words · FY2024.
01

Operated and maintained the ritz theater and provided quality and diverse lively arts performances for the citizens of talladega and the surrounding area which provided an economic boost to the city of talladega.

$175Kprogram expense

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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
Total grants receivedfrom 1 funder$39

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$256K
Ln 12
Gifts and grantsLn 1h$141K
Fees for servicesLn 2g$75K
Other incomeLn 4–11$21K
Money outPt IX
$196K
Ln 25
Programscol B$175K
Managementcol C$17K
Fundraisingcol D$3K
Owns and owesPt X
$922K
net assets · Ln 32
Cash and savingsLn 1–2$665K
Total assetsLn 16$925K
LiabilitiesLn 26$3K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Government grantsLn 1e$55K
Fees for servicesLn 2g$75K
Investment incomeLn 3$20K
Other incomeLn 4–11$21K
Total revenueLn 12$256K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$579K
Cash and savings togetherLn 1–2$665K
Land, buildings, equipmentLn 10c$260K
Total assetsLn 16$925K
LiabilitiesLn 26$3K
Net assetsLn 32$922K
OperationsPt I, VI
EmployeesI 51
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$642K$665K
Land, buildings, equipmentLn 10c$222K$260K
Total assetsLn 16$864K$925K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$862K$922K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$57K$49K$6K$3K
Other employee benefitsLn 9$10K$8K$981$491
Payroll taxesLn 10$3K$2K$267$133
Accounting feesLn 11c$825$825
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$4K$1K$3K
OccupancyLn 16$20K$17K$3K
InterestLn 20$336$168$168
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$60K$57K$3K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$196K$175K$17K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $256K$196K$60K$922K 990 PDF
FY2023 $203K$238K−$35K$862K 990 PDF
FY2022 $142K$206K−$64K$897K 990 PDF
FY2021 $456K$175K$281K$961K 990 PDF
FY2020 $144K$130K$15K$680K 990 PDF
FY2019 $308K$285K$23K$665K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $256,148 across 7 lines filed
VIII-1e Government grants$55,135
VIII-1f All other contributions, gifts and grants$85,414
VIII-1h Total contributions, gifts and grants$140,549
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,008$75,008
VIII-3 Investment incomeExcluded from tax $19,626$19,626
VIII-8 Net income from fundraising eventsExcluded from tax $20,965$20,965
VIII-12 Total revenueRelated to mission $75,008 · Excluded from tax $40,591$256,148
Part IX · Statement of functional expenses $195,808 across 12 lines filed
IX-7 Other salaries and wagesPrograms $48,828 · Management $5,744 · Fundraising $2,872$57,444
IX-9 Other employee benefitsPrograms $8,340 · Management $981 · Fundraising $491$9,812
IX-10 Payroll taxesPrograms $2,267 · Management $267 · Fundraising $133$2,667
IX-11c Accounting feesManagement $825$825
IX-12 Advertising and promotionPrograms $8,949$8,949
IX-13 Office expensesPrograms $1,319 · Management $2,816$4,135
IX-16 OccupancyPrograms $17,444 · Management $2,902$20,346
IX-20 InterestPrograms $168 · Management $168$336
IX-22 Depreciation, depletion and amortizationPrograms $22,762$22,762
IX-23 InsurancePrograms $4,329$4,329
IX-24 Other expenses (24a–d)Programs $57,099 · Management $3,227$60,326
IX-24e All other expensesPrograms $3,877$3,877
IX-25 Total functional expensesPrograms $175,382 · Management $16,930 · Fundraising $3,496$195,808
Part X · Balance sheet $924,568 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $63,931$85,537
X-2 Savings and temporary cash investmentsStart of year $578,365$579,399
X-10c Land, buildings and equipment, netStart of year $221,793$259,632
X-16 Total assetsStart of year $864,089$924,568
X-17 Accounts payable and accrued expensesStart of year $2,563$2,702
X-26 Total liabilitiesStart of year $2,563$2,702
X-27 Net assets without donor restrictionsStart of year $861,526$921,866
X-32 Total net assets or fund balancesStart of year $861,526$921,866
X-33 Total liabilities and net assetsStart of year $864,089$924,568
Part XI · Reconciliation of net assets $921,866 net assets at year end
XI-1 Total revenue$256,148
XI-2 Total expenses$195,808
XI-3 Revenue less expenses$60,340
XI-4 Net assets at start of year$861,526
XI-10 Net assets at end of year$921,866

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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