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Birmingham Business Alliance Foundation

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

EIN: 570892546 ✦ Birmingham, AL ✦ Designated as a 501(c)(3)

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Overview

What is Birmingham Business Alliance Foundation?

The Birmingham Business Alliance Foundation is a nonprofit organization situated in Birmingham, Alabama, specifically at 505 20th Street North 200. Their primary focus is to foster business growth and commercial development in the region, while also prioritizing educational advancement. The foundation accomplishes this by providing financial aid to students through its initiative called the Magic City HBCU scholarship program. In 2022, six such scholarships were granted. The foundation's mission to encourage business prosperity and academic success in Birmingham, Alabama, is a testament to its commitment to the community's growth and development.

Is Birmingham Business Alliance Foundation legitimate?

Birmingham Business Alliance Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Birmingham Business Alliance Foundation 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: $231,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,708

For more financial information, click here

What is the mission statement of Birmingham Business Alliance Foundation?

The Birmingham Business Alliance Foundation's mission is centered around fostering business growth and commerce, as well as supporting educational initiatives. This organization strives to achieve these goals in a specific region, without specifying the location. To further its mission, the foundation offers scholarships to deserving students through its Magic City HBCU scholarship program, as demonstrated by the six awards granted in 2022.

Who is the CEO of Birmingham Business Alliance Foundation?

Steve Ammons is the Director of Birmingham Business Alliance Foundation.

What is the revenue of Birmingham Business Alliance Foundation?

Birmingham Business Alliance Foundation's revenue in 2022 was $4,572,216.

Who are the executives of Birmingham Business Alliance Foundation and what are their salaries?

There 10 volunteers at Birmingham Business Alliance Foundation.


Here are 7 key members and their salaries:


Mark Tarr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory S Curran (Director, Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Hampton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bingham D Edwards Jr (Vice President & Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Jerkins (President)
  • Compensation: $0
  • Related: $208,255
  • Other: $17,348
Ron Kitchens (President (Former))
  • Compensation: $0
  • Related: $437,218
  • Other: $9,597
James Carpenter (Employee)
  • Compensation: $224,953
  • Related: $0
  • Other: $28,714
Where can I find the form 990 for Birmingham Business Alliance Foundation?

Birmingham Business Alliance Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Birmingham Business Alliance Foundation

The Birmingham Business Alliance Foundation is committed to fostering business growth and advancing educational endeavors in its respective region. In pursuing this mission, the organization takes proactive steps to encourage commercial prosperity and academic development. One of their primary initiatives is the provision of scholarships to deserving students through the Magic City HBCU scholarship program. In 2022, six scholarships were awarded under this program, reflecting the Foundation's dedication to nurturing future leaders. By supporting educational opportunities, the Birmingham Business Alliance Foundation contributes to the development of a skilled workforce that can drive the region's business sector forward.

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Impact




October, 2024

The Birmingham Business Alliance Foundation significantly impacts the Birmingham, Alabama region by promoting business and commerce while advancing educational opportunities. One of its key initiatives is the Magic City HBCU scholarship program, which provided six scholarships to students in 2022. This program not only supports the education of local students but also fosters a stronger connection between education and the business community. By investing in the next generation, the foundation enhances community improvement and cultivates a skilled workforce that can contribute to the region’s economic growth. Its commitment to these efforts plays a vital role in shaping a prosperous future for Birmingham.




This information is meant to be a general summary of Birmingham Business Alliance Foundation. 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
$4,572,216 (2022)
Expenses
$4,106,583 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,819
  • Gross Receipts: $4,572,216

Assets and Liabilities:

  • Total Assets: $83,072
  • Total Liabilities: $0
  • Net Assets: $83,072

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Organization Details

Founding Year

1988

Principal Officer

Steve Ammons

Main Address

505 20th Street North 200, Birmingham, AL, 35203

NTEE Category

Code: S41Z - Community improvement

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