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Talladega First INC FY2021 filing

Tax-deductible

Talladega, AL501(c)(3) EIN 63-0918897Revenue $456K in FY2021

On file with the IRSritztalladega.comPo Box 228, 35161-0228 · Talladega, ALTax-exempt since Jan 1987Publicly supported charity — 170(b)(1)(A)(vi)

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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.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
48 mo
of spending, in cash
Looks good: 48.2 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
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$456K
+216% vs prior year
Spent
$175K
To programs
93%
Net assets
$961K
By yearFY2019–FY2024
Revenue
$456K
FY2021▲ +216%
Tap a bar for its year
Revenue by fiscal year
FY2019$308K
FY2020$144K
FY2021$456K
FY2022$142K
FY2023$203K
FY2024$256K
Expenses
$175K
FY2021▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2019$285K
FY2020$130K
FY2021$175K
FY2022$206K
FY2023$238K
FY2024$196K
Net assets
$961K
FY2021▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2019$665K
FY2020$680K
FY2021$961K
FY2022$897K
FY2023$862K
FY2024$922K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

93 cents of each dollar spent went to programs.

Program services 93% · $163K Management & general 5% · $9K 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

23 people listed on the 990.

Part VII, Section A · reportable compensation
Ronnie Baker
Director
$0Pt VII · Sec A
Lauren Deal
Director
$0Pt VII · Sec A
Avery Embry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Pat Greene
Director
$0Pt VII · Sec A
Patti Jacobs
Director
$0Pt VII · Sec A
Chad Jones
Director
$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.

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Provided by the organization

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1 program · $163K · in their own filed words · FY2021
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.

$163Kprogram 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$39
Total grants receivedfrom 1 funder$39

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$456K
Ln 12
Investment incomeLn 3$329K
Gifts and grantsLn 1h$97K
Other incomeLn 4–11$19K
Money outPt IX
$175K
Ln 25
Programscol B$163K
Managementcol C$9K
Fundraisingcol D$3K
Owns and owesPt X
$961K
net assets · Ln 32
Cash and savingsLn 1–2$702K
Total assetsLn 16$964K
LiabilitiesLn 26$3K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Government grantsLn 1e$52K
Fees for servicesLn 2g$12K
Investment incomeLn 3$329K
Other incomeLn 4–11$19K
Gains on assetsLn 7$328K
Total revenueLn 12$456K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$644K
Cash and savings togetherLn 1–2$702K
Land, buildings, equipmentLn 10c$262K
Total assetsLn 16$964K
LiabilitiesLn 26$3K
Net assetsLn 32$961K
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 FY21End FY21
Cash and savingsLn 1–2$192K$702K
Land, buildings, equipmentLn 10c$496K$262K
Total assetsLn 16$687K$964K
LiabilitiesLn 26$7K$3K
Net assetsLn 32$680K$961K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$54K$46K$5K$3K
Other employee benefitsLn 9$5K$4K$503$251
Payroll taxesLn 10$4K$4K$413$207
Accounting feesLn 11c$520$520
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$308$246$62
OccupancyLn 16$37K$35K$2K
TravelLn 17$8K$8K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$36K$36K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$175K$163K$9K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $256K$196K$60K$922K 990 PDF
FY2023 $203K$238K−$35K$862K 990 PDF
FY2022 $142K$206K−$64K$897K 990 PDF
FY2021 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $456,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $125,033$96,772
I-9 Program service revenuePrior year $10,634$12,199
I-10 Investment incomePrior year $59$328,716
I-11 Other revenuePrior year $8,564$18,524
I-12 Total revenuePrior year $144,290$456,211
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $60,104$63,186
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $69,551$111,689
I-18 Total expensesPrior year $129,655$174,875
I-19 Revenue less expensesPrior year $14,635$281,336
Part VI · Governance 23 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $456,211 across 8 lines filed
VIII-1e Government grants$52,250
VIII-1f All other contributions, gifts and grants$44,522
VIII-1h Total contributions, gifts and grants$96,772
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,199$12,199
VIII-3 Investment incomeExcluded from tax $470$470
VIII-7 Net gain or loss on sales of assetsExcluded from tax $328,246$328,246
VIII-8 Net income from fundraising eventsExcluded from tax $18,524$18,524
VIII-12 Total revenueRelated to mission $12,199 · Excluded from tax $347,240$456,211
Part IX · Statement of functional expenses $174,875 across 12 lines filed
IX-7 Other salaries and wagesPrograms $45,923 · Management $5,403 · Fundraising $2,701$54,027
IX-9 Other employee benefitsPrograms $4,272 · Management $503 · Fundraising $251$5,026
IX-10 Payroll taxesPrograms $3,513 · Management $413 · Fundraising $207$4,133
IX-11c Accounting feesManagement $520$520
IX-12 Advertising and promotionPrograms $4,838$4,838
IX-13 Office expensesPrograms $246 · Management $62$308
IX-16 OccupancyPrograms $35,201 · Management $1,744$36,945
IX-17 TravelPrograms $7,550$7,550
IX-22 Depreciation, depletion and amortizationPrograms $21,190$21,190
IX-23 InsurancePrograms $1,693$1,693
IX-24 Other expenses (24a–d)Programs $35,974$35,974
IX-24e All other expensesPrograms $2,671$2,671
IX-25 Total functional expensesPrograms $163,071 · Management $8,645 · Fundraising $3,159$174,875
Part X · Balance sheet $963,859 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $75,457$58,799
X-2 Savings and temporary cash investmentsStart of year $116,091$643,514
X-10c Land, buildings and equipment, netStart of year $495,509$261,546
X-16 Total assetsStart of year $687,057$963,859
X-17 Accounts payable and accrued expensesStart of year $2,343$2,809
X-26 Total liabilitiesStart of year $7,343$2,809
X-27 Net assets without donor restrictionsStart of year $679,714$961,050
X-32 Total net assets or fund balancesStart of year $679,714$961,050
X-33 Total liabilities and net assetsStart of year $687,057$963,859
Part XI · Reconciliation of net assets $961,050 net assets at year end
XI-1 Total revenue$456,211
XI-2 Total expenses$174,875
XI-3 Revenue less expenses$281,336
XI-4 Net assets at start of year$679,714
XI-10 Net assets at end of year$961,050

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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