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Alabama Asset Building Coalition

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270193257 ✦ Birmingham, AL ✦ Designated as a 501(c)(3)

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Overview

What is Alabama Asset Building Coalition?

The Alabama Asset Building Coalition is a nonprofit organization situated in Birmingham, Alabama. With a small team of two dedicated individuals, their primary mission is to foster financial stability and self-sufficiency among low-income individuals and families. This mission is achieved through various means, aiming to uplift this demographic and improve their overall financial well-being. The exact activities and initiatives undertaken by the coalition to achieve this goal are not specified in the provided information.


Official website here: www.alabamaabc.org

Is Alabama Asset Building Coalition legitimate?

Alabama Asset Building Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Asset Building Coalition submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $86,016
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.alabamaabc.org

What is the mission statement of Alabama Asset Building Coalition?

The Alabama Asset Building Coalition is committed to fostering financial stability and self-sufficiency among low-income individuals and families. Their mission is to provide support and resources, aiming to help these individuals achieve financial independence and improve their overall living standards. The organization focuses on various initiatives and programs to educate, assist, and empower individuals in managing their finances effectively. By promoting financial literacy and providing access to necessary resources, the Alabama Asset Building Coalition aims to contribute to a more financially secure community.


Official website here: www.alabamaabc.org

Who is the CEO of Alabama Asset Building Coalition?

Kenneth Walker is the Secretary of Alabama Asset Building Coalition.


Official website here: www.alabamaabc.org

What is the revenue of Alabama Asset Building Coalition?

Alabama Asset Building Coalition's revenue in 2022 was $156,723.


Official website here: www.alabamaabc.org

Who are the executives of Alabama Asset Building Coalition and what are their salaries?

The average compensation at Alabama Asset Building Coalition during 2022 was $43,008. There are 2 employees and 110 volunteers at Alabama Asset Building Coalition.


Here are 13 key members and their salaries:


Johanna M Alvarez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lashon Menefee (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Burback (Community Development)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Gena Gunn Mcclendon ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Melodi Coney Morrissette Svp ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Patterson (Director)
  • Compensation: $10,417
  • Related: $0
  • Other: $0
Dr Sam Addy ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Warren Robinson ()
  • Compensation: $0
  • Related: $0
  • Other: $0
Eunice Johnson Rogers (Chair Nrs Community Development)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley L Mabry (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolgundlach (Msw Policy Analyst)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev John K Whitfield (Vice Chair Economic Dev Specialis)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Walker (Executive Director)
  • Compensation: $75,600
  • Related: $0
  • Other: $0


Official website here: www.alabamaabc.org

Where can I find the form 990 for Alabama Asset Building Coalition?

Alabama Asset Building Coalition's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.alabamaabc.org

Learn more at the official website: www.alabamaabc.org

Mission Statement of Alabama Asset Building Coalition

The Alabama Asset Building Coalition, as an organization, is dedicated to promoting financial stability and self-sufficiency among low-income individuals and families. Their mission is to empower these communities, enabling them to attain a more secure financial future. By addressing the challenges faced by those with limited resources, the Coalition aims to foster a sense of independence and resilience within these families.

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Impact




October, 2024

The Alabama Asset Building Coalition significantly impacts the lives of low-wealth individuals and families by promoting financial stability and self-sufficiency. Through various initiatives and programs, the coalition empowers individuals with the tools and resources necessary to improve their financial literacy, manage their finances effectively, and build long-term wealth. By focusing on education and access, the coalition helps participants navigate financial systems, obtain vital services, and enhance their economic prospects, ultimately contributing to stronger communities in Birmingham and across Alabama.




This information is meant to be a general summary of Alabama Asset Building Coalition. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$156,723 (2022)
Expenses
$164,356 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2
  • Gross Receipts: $156,723

Assets and Liabilities:

  • Total Assets: $212,956
  • Total Liabilities: $0
  • Net Assets: $212,956

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Organization Details

Founding Year

2009

Principal Officer

Kenneth Walker

Main Address

201 BEACON PARKWAY WEST ROOM 207, BIRMINGHAM, AL, 35209

NTEE Category

Code: P20 - Human services

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