Overview
What is Sabre Finance?
Sabre Finance is a nonprofit organization situated in Birmingham, Alabama, specifically at 2 20th Street N 1150, with a mission to foster economic growth. They accomplish this by offering financial and technical support to small and medium-sized businesses, with a particular focus on those looking to establish or expand their operations in economically distressed areas, not just in Alabama but also within the Birmingham region. The organization employs a team of eight individuals to carry out this mission.
Official website here: www.sabrefinance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Sabre Finance has received an 82% score, predominantly from its Accountability & Finance metrics. The organization excels in governance, with a fully independent board and strong financial oversight practices, earning full points in several categories. Their program expense ratio is commendable at 71.20%, indicating a significant portion of resources directed towards their programs.
However, the organization faces some challenges in its financial health indicators. The liabilities to assets ratio of 58.43% suggests that Sabre Finance has a notable level of liabilities compared to its assets, which could raise concerns about financial stability. Additionally, the absence of a whistleblower policy and a document retention policy indicates areas where governance practices could be improved.
Overall, Sabre Finance demonstrates strong accountability and financial practices, but addressing the noted limitations could enhance their operational transparency and stability. Their strong performance in governance reflects a commitment to ethical management and accountability to their stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Sabre Finance legitimate?
Sabre Finance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sabre Finance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $583,808
For more financial information, click here
Official website here: www.sabrefinance.org
What is the mission statement of Sabre Finance?
Sabre Finance's mission is centered around fostering economic growth. They achieve this by offering financial and technical assistance to small and medium-sized businesses, with a focus on those looking to establish or expand their operations in economically disadvantaged areas, not just in Alabama as a whole, but specifically in the Birmingham region. Their goal is to contribute to the revitalization of these areas by supporting the growth of businesses within them.
Official website here: www.sabrefinance.org
Who is the CEO of Sabre Finance?
Ray Morris is the President of Sabre Finance. The CEO's salary of Sabre Finance is $0 and their total compensation is $0.
Official website here: www.sabrefinance.org
What is the revenue of Sabre Finance?
Sabre Finance's revenue in 2022 was $1,767,213.
Official website here: www.sabrefinance.org
Who are the executives of Sabre Finance and what are their salaries?
The average compensation at Sabre Finance during 2022 was $72,976. There are 8 employees at Sabre Finance.
Here are 8 key members and their salaries (Sabre Finance's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sabrefinance.org
Where can I find the form 990 for Sabre Finance?
Sabre Finance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sabrefinance.org
Learn more at the official website: www.sabrefinance.org
Mission Statement of Sabre Finance
Sabre Finance is an organization dedicated to stimulating economic growth by offering financial and technical assistance to small and medium-sized businesses. Their primary focus is on businesses that are either located in or are considering relocating to economically distressed areas, not just within Alabama, but specifically in the Birmingham region as well. By providing these resources, Sabre Finance aims to contribute to the overall development and revitalization of these communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Sabre Finance plays a crucial role in stimulating economic development in distressed areas of Alabama, particularly in the Birmingham region. By providing financial and technical assistance to small and medium-sized businesses, Sabre Finance is actively supporting the growth and success of local businesses. This assistance helps to create job opportunities, improve the overall economic health of the community, and contribute to the revitalization of distressed areas. Sabre Finance's impact is significant in driving economic growth and fostering prosperity in underserved communities.
This information is meant to be a general summary of Sabre Finance. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,042
- Program Service Revenue: $297,616
- Gross Receipts: $1,876,617
Assets and Liabilities:
- Total Assets: $6,932,040
- Total Liabilities: $3,251,234
- Net Assets: $3,680,806
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest from Loans
Revenue
$243,162
Fees from Loans
Revenue
$54,454
Organization Details
Founding Year
2014
Phone
(205) 251-8139Principal Officer
Ray Morris
Main Address
2 20th Street N 1150, Birmingham, AL, 35203
Website
www.sabrefinance.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Sabre Finance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.