Overview
What is Alabama Business Charitable Trust Fund Inc?
Alabama Business Charitable Trust Fund Inc is a nonprofit organization situated in Birmingham, Alabama. Their primary mission is to support specific charitable organizations that offer financial assistance to low-income individuals facing emergencies in Central and South Alabama. This aid typically includes assistance with energy bills, food, shelter, medical care, and education. During the cooling season from June to October, they provide funds for energy assistance to various non-profit agencies in North, South, and Central Alabama through the Emergency Cooling Assistance Program. This program aims to alleviate financial burdens and ensure basic necessities for those in need.
Is Alabama Business Charitable Trust Fund Inc legitimate?
Alabama Business Charitable Trust Fund Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Alabama Business Charitable Trust Fund Inc 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: $107,987
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,567
For more financial information, click here
What is the mission statement of Alabama Business Charitable Trust Fund Inc?
The Alabama Business Charitable Trust Fund Inc's primary mission is geared towards supporting specific charitable organizations. These organizations provide financial aid to low-income individuals facing emergencies, primarily in the areas of energy, food, shelter, medical care, and education. The trust's activities extend beyond this primary mission, as evident in their Emergency Cooling Assistance Program. This program provides funds for energy assistance during the cooling season, from June to October, to various non-profit agencies in North, South, and Central Alabama.
Who is the CEO of Alabama Business Charitable Trust Fund Inc?
Staci Brooks is the President & Director of Alabama Business Charitable Trust Fund Inc.
What is the revenue of Alabama Business Charitable Trust Fund Inc?
Alabama Business Charitable Trust Fund Inc's revenue in 2022 was $1,151,306.
Who are the executives of Alabama Business Charitable Trust Fund Inc and what are their salaries?
There 7 volunteers at Alabama Business Charitable Trust Fund Inc.
Here are 11 key members and their salaries:
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- Compensation: $21,860
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- Compensation: $72,303
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Where can I find the form 990 for Alabama Business Charitable Trust Fund Inc?
Alabama Business Charitable Trust Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Business Charitable Trust Fund Inc
Alabama Business Charitable Trust Fund Inc is committed to supporting specific charitable organizations that offer financial assistance to low-income individuals facing emergencies in the central and southern regions of Alabama. This assistance primarily covers essential needs such as energy, food, shelter, medical care, and education.
The primary mission of this trust fund is to extend aid to individuals who are struggling financially. It accomplishes this by distributing funds to various non-profit agencies across North, South, and Central Alabama during the cooling season, which spans from June to October. This funding is primarily intended for energy assistance, ensuring that households can maintain a comfortable living environment even during challenging financial times.
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Impact
October, 2024
Alabama Business Charitable Trust Fund Inc significantly impacts the lives of low-income individuals in Central and South Alabama by addressing urgent financial emergencies. Its Emergency Cooling Assistance Program specifically provides much-needed funds for energy assistance during the critical cooling season from June to October. By partnering with various nonprofit agencies throughout the region, the trust ensures that vulnerable populations have access to essential resources, helping them to maintain stable home environments during extreme heat.
The trust’s commitment extends beyond just energy assistance; its overarching mission supports a range of financial aid for food, shelter, medical care, and education. This holistic approach not only alleviates immediate hardships but also enhances the overall well-being of individuals and families in the community, fostering resilience and stability. Through its philanthropic efforts, Alabama Business Charitable Trust Fund Inc plays a vital role in strengthening the social safety net for those in need.
This information is meant to be a general summary of Alabama Business Charitable Trust Fund Inc. 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: $1,151,306
- Gross Receipts: $18,133,867
Assets and Liabilities:
- Total Assets: $30,595,887
- Total Liabilities: $33,384
- Net Assets: $30,562,503
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Organization Details
Founding Year
1991
Phone
(205) 257-2424Principal Officer
Staci Brooks
Main Address
CO STACI BROOKS PO BOX 2641, BIRMINGHAM, AL, 35291
NTEE Category
Code: T31 - Philanthropy
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