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Bronze Valley Corp

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

EIN: 811426667 ✦ Birmingham, AL ✦ Designated as a 501(c)(4)

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Overview

What is Bronze Valley Corp?

Bronze Valley Corp is a nonprofit organization dedicated to fostering community development and economic growth, with a particular focus on supporting minority and female entrepreneurs. In 2022, they made strategic investments in twelve early-stage technology companies, expanding their portfolio to 23 firms across the Southeast, Mid-Atlantic, and Midwest regions. To further nurture these companies and potential investment opportunities, Bronze Valley established an accelerator program, which includes a university track for Historically Black Colleges and Universities (HBCUs) and a company track for women and entrepreneurs of color. Their mission encompasses venturing capital support, entrepreneurial mentorship and coaching, and promoting diversity and inclusion in the technology sector through local events and conferences. Based in Alabama, they currently employ a team of three individuals.


Official website here: www.bronzevalley.com

Is Bronze Valley Corp legitimate?

Bronze Valley Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Bronze Valley Corp 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: $368,388

For more financial information, click here


Official website here: www.bronzevalley.com

What is the mission statement of Bronze Valley Corp?

Bronze Valley Corp's mission is centered around fostering community development and economic growth, specifically benefiting minority and female entrepreneurs. They accomplish this by investing in early-stage companies, offering entrepreneurial mentorship and coaching, and promoting diversity and inclusion in the technology sector. This is achieved through hosting conferences and sponsoring events in the area they serve, with the ultimate goal of encouraging a diverse and inclusive tech industry.


Official website here: www.bronzevalley.com

What is the revenue of Bronze Valley Corp?

Bronze Valley Corp's revenue in 2023 was $3,883,244.


Official website here: www.bronzevalley.com

Who are the executives of Bronze Valley Corp and what are their salaries?

The average compensation at Bronze Valley Corp during 2023 was $92,097. There are 4 employees at Bronze Valley Corp.

Here are 10 key members and their salaries:


April Benetollo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Hamilton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herschell Hamilton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Houston Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobbie Knight (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Barker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Harris (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Gambrell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John O Hudson Iii (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neill S Wright (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bronzevalley.com

Where can I find the form 990 for Bronze Valley Corp?

Bronze Valley Corp's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.bronzevalley.com

Learn more at the official website: www.bronzevalley.com

Mission Statement of Bronze Valley Corp

Bronze Valley Corp, a nonprofit organization, is dedicated to fostering community development and stimulating economic growth, primarily benefiting minority and female entrepreneurs. It accomplishes this mission by investing in early-stage companies through venture capital, offering developmental services such as entrepreneurial mentorship and coaching. Furthermore, Bronze Valley Corp actively works towards promoting diversity and inclusion in the technology sector, achieving this goal through conferences and sponsored events in the areas it serves. By providing these resources, the organization aims to empower its targeted group and contribute to the growth of the technology industry.

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Impact




October, 2024

Bronze Valley Corp significantly impacts community development and economic growth by empowering minority and female entrepreneurs. By providing venture capital to early-stage technology companies founded by these groups, Bronze Valley fosters innovation and promotes diversity in the tech sector. In 2022, the organization made investments in twelve new companies, expanding its portfolio to 23 diverse enterprises across the Southeast, Mid-Atlantic, and Midwest regions.

Furthermore, Bronze Valley enhances its support through developmental services such as mentorship and coaching, helping entrepreneurs refine their business strategies and navigate the complexities of starting a tech company. The establishment of an accelerator program—comprising tracks for historically black colleges and universities (gALPHA) and for women and entrepreneurs of color (gBETA)—underscores its commitment to cultivating the next generation of diverse leaders in technology. Additionally, through conferences and events, Bronze Valley actively promotes a culture of inclusion, strengthening the community and creating a ripple effect that benefits the broader economy.




This information is meant to be a general summary of Bronze Valley Corp. 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
$3,883,244 (2023)
Expenses
$2,416,137 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $41,820
  • Gross Receipts: $3,883,244

Assets and Liabilities:

  • Total Assets: $6,349,054
  • Total Liabilities: $517,248
  • Net Assets: $5,831,806

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Organization Details

Founding Year

2015

Principal Officer

Neill S Wright

NTEE Category

Code: S30 - Community improvement

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