Civic Intelligence

Alabama Family Trust Corp

EIN 63-1144514 • 501(c)3 • Vestavia Hills, AL

Profile

See schedule o for mission statement.

100 Centerview Drive 200Vestavia Hills, AL 35216

www.alabamafamilytrust.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.04x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$141,692

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

55th percentile

5.2%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

17%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,567,106

Up $177,004 (+5.2%) from 2023

Liabilities

Down

$64,047

Down $600,802 (-90%) from 2023

Net Assets

Up

$3,503,059

Up $777,806 (+29%) from 2023

Revenue

Up

$1,629,188

Up $235,140 (+17%) from 2023

Expenses

Down

$907,965

Down $12,388 (-1.3%) from 2023

Net Income

Up

$721,223

Up $247,528 (+52%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $265,329Liabilities 2011: $137,580Net Assets 2011: $127,7492011Assets 2012: $247,877Liabilities 2012: $10,079Net Assets 2012: $237,7982012Assets 2013: $522,391Liabilities 2013: $190,665Net Assets 2013: $331,7262013Assets 2014: $285,904Liabilities 2014: $69,466Net Assets 2014: $216,4382014Assets 2015: $546,513Liabilities 2015: $203,899Net Assets 2015: $342,6142015Assets 2016: $840,579Liabilities 2016: $293,842Net Assets 2016: $546,7372016Assets 2017: $713,193Liabilities 2017: $32,958Net Assets 2017: $680,2352017Assets 2018: $903,270Liabilities 2018: $31,039Net Assets 2018: $872,2312018Assets 2019: $1,614,266Liabilities 2019: $354,976Net Assets 2019: $1,259,2902019Assets 2020: $1,741,466Liabilities 2020: $57,914Net Assets 2020: $1,683,5522020Assets 2021: $2,510,686Liabilities 2021: $435,863Net Assets 2021: $2,074,8232021Assets 2022: $2,321,653Liabilities 2022: $94,165Net Assets 2022: $2,227,4882022Assets 2023: $3,390,102Liabilities 2023: $664,849Net Assets 2023: $2,725,2532023Assets 2024: $3,567,106Liabilities 2024: $64,047Net Assets 2024: $3,503,0592024

Highlighted filing

2024

Assets$3,567,106
Liabilities$64,047
Net Assets$3,503,059

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $197,923Expenses 2011: $251,958Net Income 2011: -$54,0352011Revenue 2012: $482,391Expenses 2012: $365,594Net Income 2012: $116,7972012Revenue 2013: $651,496Expenses 2013: $570,518Net Income 2013: $80,9782013Revenue 2014: $610,631Expenses 2014: $708,071Net Income 2014: -$97,4402014Revenue 2015: $1,002,426Expenses 2015: $876,250Net Income 2015: $126,1762015Revenue 2016: $976,981Expenses 2016: $795,085Net Income 2016: $181,8962016Revenue 2017: $1,072,194Expenses 2017: $939,922Net Income 2017: $132,2722017Revenue 2018: $1,184,407Expenses 2018: $978,090Net Income 2018: $206,3172018Revenue 2019: $1,338,491Expenses 2019: $966,692Net Income 2019: $371,7992019Revenue 2020: $1,380,588Expenses 2020: $1,006,901Net Income 2020: $373,6872020Revenue 2021: $1,397,036Expenses 2021: $1,039,890Net Income 2021: $357,1462021Revenue 2022: $1,340,801Expenses 2022: $1,023,006Net Income 2022: $317,7952022Revenue 2023: $1,394,048Expenses 2023: $920,353Net Income 2023: $473,6952023Revenue 2024: $1,629,188Expenses 2024: $907,965Net Income 2024: $721,2232024

Highlighted filing

2024

Revenue$1,629,188
Expenses$907,965
Net Income$721,223

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.57$0.06$3.50$1.63$0.91$0.72
2023Detailed filing. Detailed filing data is available for this year.$3.39$0.66$2.73$1.39$0.92$0.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.09$2.23$1.34$1.02$0.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.44$2.07$1.40$1.04$0.36
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.06$1.68$1.38$1.01$0.37
2019Detailed filing. Detailed filing data is available for this year.$1.61$0.35$1.26$1.34$0.97$0.37
2018Detailed filing. Detailed filing data is available for this year.$0.90$0.03$0.87$1.18$0.98$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.03$0.68$1.07$0.94$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.29$0.55$0.98$0.80$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.20$0.34$1.00$0.88$0.13
2014Summary only. Only limited summary data is available for this year.$0.29$0.07$0.22$0.61$0.71$0.10
2013Summary only. Only limited summary data is available for this year.$0.52$0.19$0.33$0.65$0.57$0.08
2012Summary only. Only limited summary data is available for this year.$0.25$0.01$0.24$0.48$0.37$0.12
2011Summary only. Only limited summary data is available for this year.$0.27$0.14$0.13$0.20$0.25$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$2,322,684
Mission and Program Overview

Mission

See schedule o for mission statement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,601,835$2,648,408▲ $46,573
Investments in Publicly Traded Securities$768,841$903,505▲ $134,664
Land, Buildings, and Equipment, Net$16,696$12,787▼ $3,909
Prepaid Expenses and Deferred Charges$835$512▼ $323
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,390,102$3,567,106▲ $177,004
Other Assets Total$1,895$1,894▼ $1
Liabilities
Escrow Account Liability$637,016$32,974▼ $604,042
Accounts Payable and Accrued Expenses$27,833$31,073▲ $3,240
Total Liabilities$664,849$64,047▼ $600,802
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,725,253$3,503,059▲ $777,806
Total Net Assets Fund Balance$2,725,253$3,503,059▲ $777,806
Total Liabilities and Net Assets / Fund Balance$3,390,102$3,567,106▲ $177,004

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,787$46,487-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lesley ByarsExecutive DirectorFT$141,692$141,692

Board Members and Trustees

NameTitle
Jennifer GriffinPresident
Wallace DavisVice President
Clayton DavisTrustee
David SalterTrustee
John PaluzziTrustee
Judy ShepuraTrustee
Kim DavisTrustee
Lynn CampisiTrustee
Vance HolderTrustee
Latanya RhinesSecretary
James WalshTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,508,549
Investment Income
$120,639
Other Revenue
$0
Change in Net Assets
$721,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$467,972
Salaries, Compensation, and Employee Benefits$439,993
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$272,820--$272,820
Other Salaries and Wages$219,810--$219,810
Current Officers, Directors, Trustees, and Key Employees$149,000--$149,000
Advertising$46,375--$46,375
Office Expenses$35,625--$35,625
Other Employee Benefits$33,289--$33,289
Occupancy$30,187--$30,187
Payroll Taxes$27,917--$27,917
Insurance$25,847--$25,847
Information Technology$14,462--$14,462
Conferences and Meetings$13,763--$13,763
Pension Plan Contributions$9,977--$9,977
Depreciation Depletion$7,100--$7,100
Travel$6,780--$6,780
Fees for Services Accounting$3,700--$3,700
Other Expenses$1,120--$1,120
All Other Expenses$680--$680
Fees for Services Legal$342--$342
Fees for Services Other$247--$247
Total Functional Expenses$907,965$0$0$907,965
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The vice president and another trustee of the organization maintain a business relationship as partners of the same law practice.

Form 990, Part VI, Section B, Line 11B

All members of the board were provided a copy before the return was signed and approved by an officer

Form 990, Part VI, Section B, Line 12C

There is a written policy that is updated, reviewed, and signed annually by the executive committee.

Form 990, Part VI, Section B, Line 15A

The finance committee comprised of appropriate members of the board of directors, conducts an annual review to determine compensation of officers. This review by independent persons meets the criteria and standards as set forth in the policies section of the form 990. The review includes use of comparative data and contemporaneous documentation and recordkeeping of the deliberations and decisions regarding all compensation arrangements.

Form 990, Part VI, Section B, Line 15B

SEE ANSWER TO 15A.

Form 990, Part VI, Section C, Line 19

Governing documents, conflicts of interest, and annual accounting of funds are filed with the governor of alabama, lieutenant governor of alabama, and speaker of the alabama house of representatives. Disclosure: these documents and records are made available to anyone upon written request or as a guest of our board meetings.

Filing and Contact Details

Filer

Filer Name
Alabama Family Trust Corp
EIN
63-1144514
Phone
2058838333
Address
100 CENTERVIEW DRIVE 200, VESTAVIA HILLS, AL 35216

Signing Officer

Name
Lesley Byars
Title
Executive Director
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Al
Voting Board Members
11
Independent Board Members
11
Employees
9

Preparer

Firm
Alabama Family Trust Corporation
Address
100 Centerview Dr Ste 200, Vestavia Hills, AL 35216
Preparer
Lesley Byars
Phone
2058838333
Supplemental Narrative

Additional Explanations

Mission Statement - Page 1, Part I & Page 2, Part III, Qtn 1

The alabama legislature declared the purpose of the alabama family trust corporation is to encourage, enhance, and foster the provision of medical, social, or other supplemental services for persons with a mental or physical impairment. Pursuant to 42 u.s.c. 1396p(d)(4)(c) and ala. Code 38-9b, federal and state law allows the alabama family trust to be a pooled trust and specifies how the alabama family trust protects funds. The alabama family trust corporation has taken all steps necessary to satisfy all federal and state laws to ensure that the alabama family trust and the alabama charitable trust are qualified to supplement the provision of government entitlement funding and, where necessary, are qualified as tax exempt entities under the united states internal revenue code.

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

Alabama family trust corp. Receives funds in the form of personal, business and cashier checks from settlors or contributors and holds the amounts in escrow until the funds are available for transfer to the beneficiary's trust account. The corporation typically holds funds in escrow for no more than three to five business days.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
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IRS990/MissionDesc0SEE SCHEDULE O FOR MISSION STATEMENT.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3MEMBERSHIPS & DUES
IRS990/OtherExpensesGrp/ProgramServicesAmt04222
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IRS990/OtherExpensesGrp/ProgramServicesAmt21805
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01317334
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01359936
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt022516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020652
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01359936
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06923876
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046487
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt059274
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ALABAMA FAMILY TRUST CORP. RECEIVES FUNDS IN THE FORM OF PERSONAL, BUSINESS AND CASHIER CHECKS FROM SETTLORS OR CONTRIBUTORS AND HOLDS THE AMOUNTS IN ESCROW UNTIL THE FUNDS ARE AVAILABLE FOR TRANSFER TO THE BENEFICIARY'S TRUST ACCOUNT. THE CORPORATION TYPICALLY HOLDS FUNDS IN ESCROW FOR NO MORE THAN THREE TO FIVE BUSINESS DAYS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012787
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The vice president and another trustee of the organization maintain a business relationship as partners of the same law practice.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE BOARD WERE PROVIDED A COPY BEFORE THE RETURN WAS SIGNED AND APPROVED BY AN OFFICER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS A WRITTEN POLICY THAT IS UPDATED, REVIEWED, AND SIGNED ANNUALLY BY THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCE COMMITTEE COMPRISED OF APPROPRIATE MEMBERS OF THE BOARD OF DIRECTORS, CONDUCTS AN ANNUAL REVIEW TO DETERMINE COMPENSATION OF OFFICERS. THIS REVIEW BY INDEPENDENT PERSONS MEETS THE CRITERIA AND STANDARDS AS SET FORTH IN THE POLICIES SECTION OF THE FORM 990. THE REVIEW INCLUDES USE OF COMPARATIVE DATA AND CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING OF THE DELIBERATIONS AND DECISIONS REGARDING ALL COMPENSATION ARRANGEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE ANSWER TO 15A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICTS OF INTEREST, AND ANNUAL ACCOUNTING OF FUNDS ARE FILED WITH THE GOVERNOR OF ALABAMA, LIEUTENANT GOVERNOR OF ALABAMA, AND SPEAKER OF THE ALABAMA HOUSE OF REPRESENTATIVES. DISCLOSURE: THESE DOCUMENTS AND RECORDS ARE MADE AVAILABLE TO ANYONE UPON WRITTEN REQUEST OR AS A GUEST OF OUR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ALABAMA LEGISLATURE DECLARED THE PURPOSE OF THE ALABAMA FAMILY TRUST CORPORATION IS TO ENCOURAGE, ENHANCE, AND FOSTER THE PROVISION OF MEDICAL, SOCIAL, OR OTHER SUPPLEMENTAL SERVICES FOR PERSONS WITH A MENTAL OR PHYSICAL IMPAIRMENT. PURSUANT TO 42 U.S.C. 1396P(D)(4)(C) AND ALA. CODE 38-9B, FEDERAL AND STATE LAW ALLOWS THE ALABAMA FAMILY TRUST TO BE A POOLED TRUST AND SPECIFIES HOW THE ALABAMA FAMILY TRUST PROTECTS FUNDS. THE ALABAMA FAMILY TRUST CORPORATION HAS TAKEN ALL STEPS NECESSARY TO SATISFY ALL FEDERAL AND STATE LAWS TO ENSURE THAT THE ALABAMA FAMILY TRUST AND THE ALABAMA CHARITABLE TRUST ARE QUALIFIED TO SUPPLEMENT THE PROVISION OF GOVERNMENT ENTITLEMENT FUNDING AND, WHERE NECESSARY, ARE QUALIFIED AS TAX EXEMPT ENTITIES UNDER THE UNITED STATES INTERNAL REVENUE CODE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6MISSION STATEMENT - PAGE 1, PART I & PAGE 2, PART III, QTN 1
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