Overview
What is Alabama Small Business Development Initiative?
The Alabama Small Business Development Initiative, abbreviated as ASBDI, serves as the administrator for the Alabama Community Loan Fund (ACLF) in Birmingham, Alabama. Their primary role involves collaborating with various organizations throughout the state. The ASBDI's mission is to support small businesses by partnering with local organizations, aiding in the administration of loans and resources. This initiative plays a vital role in fostering business growth and development within the Alabama community.
Is Alabama Small Business Development Initiative legitimate?
Alabama Small Business Development Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Small Business Development Initiative 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.
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What is the mission statement of Alabama Small Business Development Initiative?
The Alabama Small Business Development Initiative (ASBDI) serves as the administrator for the Alabama Community Loan Fund (ACLF). Its mission involves working in collaboration with various organizations statewide. The primary function of ASBDI, through ACLF, is to foster partnerships that aim to support small businesses. Although the information does not provide a specific mission statement in the traditional sense, it can be inferred that the initiative's purpose is to promote small business growth and development by leveraging partnerships and financial resources.
Who is the CEO of Alabama Small Business Development Initiative?
Ledon Jones is the President of Alabama Small Business Development Initiative.
What is the revenue of Alabama Small Business Development Initiative?
Alabama Small Business Development Initiative's revenue in 2022 was $182,500.
Who are the executives of Alabama Small Business Development Initiative and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Alabama Small Business Development Initiative?
Alabama Small Business Development Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Small Business Development Initiative
Alabama Small Business Development Initiative (ASBDI) serves as the administrator of the Alabama Community Loan Fund (ACLF). This organization collaborates with various partners throughout the state to fulfill its mission. The primary role of ASBDI, in partnership with ACLF, is to work with other organizations, aiming to support small businesses in their growth and development.
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Impact
October, 2024
The Alabama Small Business Development Initiative (ASBDI) significantly impacts the state's economic landscape by facilitating access to financial resources for small businesses. As the administrator of the Alabama Community Loan Fund (ACLF), ASBDI collaborates with diverse organizations throughout Alabama to provide critical funding and support for entrepreneurs. This partnership enables the development and expansion of small businesses, ultimately fostering job creation and regional economic growth. By empowering local enterprises, ASBDI contributes to the overall vitality of communities in Birmingham and beyond, ensuring that small businesses have the necessary tools to succeed and thrive.
This information is meant to be a general summary of Alabama Small Business Development Initiative. 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.
- Gross Receipts: $182,500
Assets and Liabilities:
- Total Assets: $223,090
- Total Liabilities: $0
- Net Assets: $223,090
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Organization Details
Founding Year
2015
Principal Officer
Ledon Jones
Main Address
1500 1st Ave N STE B106, Birmingham, AL, 35203
NTEE Category
Code: W99 - Public benefit
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