Overview
What is Birmingham Promise Inc?
Birmingham Promise Inc is a nonprofit organization situated in Birmingham, Alabama, specifically at 1500 1st Ave North R145. Their mission is to revolutionize futures and progress Birmingham by restructuring education and workforce systems. By providing scholarships and apprenticeship opportunities, they aim to make higher education more affordable and accessible for students from Birmingham City Schools (BCS). The Birmingham Promise has two main components: (1) youth apprenticeships, which offer BCS juniors and seniors practical, high-quality work-based learning experiences, and (2) postsecondary financial support, enabling BCS graduates to attend in-state, public institutions tuition-free. The goal is to assist at least 10,000 BCS students by 2030. With a dedicated workforce of 23 individuals, Birmingham Promise Inc is committed to empowering local students to reach their academic and career aspirations.
Official website here: www.birminghampromise.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 82% (Three-Star out of Four Star rating)
Birmingham Promise Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The organization's overall score is derived entirely from its Accountability & Finance metrics, which received a commendable 82%. This suggests that the charity is effectively managing its financial resources and adhering to best practices in governance.
The nonprofit demonstrates strong governance with a fully independent board, showcasing a commitment to transparency and ethical management. It scored perfectly in several key areas, including material diversion of assets and conflict of interest policies. Additionally, its program expense ratio of over 84% highlights a serious dedication to allocating resources towards its mission rather than administrative costs.
While Birmingham Promise Inc shows significant strengths in financial accountability, the data does not provide insights into its programmatic impact or community feedback. Nonetheless, the financial metrics indicate a well-run organization that prioritizes responsible stewardship of donations.
This AI summary has been generated from information found on Charity Navigator.
Is Birmingham Promise Inc legitimate?
Birmingham Promise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Birmingham Promise 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: $143,402
Professional Fundraising Fees: $0
Other Salaries and Wages: $757,954
For more financial information, click here
Official website here: www.birminghampromise.org
What is the mission statement of Birmingham Promise Inc?
Birmingham Promise Inc's mission statement is centered around transforming futures and advancing communities by restructuring education and workforce systems. This is achieved through two primary initiatives: youth apprenticeships and postsecondary financial support. The youth apprenticeship program offers Birmingham City School (BCS) juniors and seniors paid, high-quality work-based learning experiences. Simultaneously, the postsecondary financial support enables BCS graduates to attend in-state, public institutions tuition-free. The ultimate goal is to assist at least 10,000 BCS students by 2030, making higher education more affordable and accessible for them.
Official website here: www.birminghampromise.org
Who is the CEO of Birmingham Promise Inc?
Leroy Abrahams is the Director of Birmingham Promise Inc.
Official website here: www.birminghampromise.org
What is the revenue of Birmingham Promise Inc?
Birmingham Promise Inc's revenue in 2022 was $6,387,834.
Official website here: www.birminghampromise.org
Who are the executives of Birmingham Promise Inc and what are their salaries?
The average compensation at Birmingham Promise Inc during 2022 was $39,189. There are 23 employees at Birmingham Promise Inc.
Here are 13 key members and their salaries:
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- Compensation: $108,519
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Official website here: www.birminghampromise.org
Where can I find the form 990 for Birmingham Promise Inc?
Birmingham Promise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.birminghampromise.org
Learn more at the official website: www.birminghampromise.org
Mission Statement of Birmingham Promise Inc
Birmingham Promise, a mission-driven organization, aims to revolutionize futures and contribute to the development of Birmingham by reconstructing its educational and workforce systems. The Birmingham Promise operates through two primary avenues. Firstly, it provides Birmingham City School (BCS) students in their junior and senior years with paid, top-notch work-based learning experiences through youth apprenticeships. Secondly, it offers postsecondary financial support to BCS graduates, enabling them to attend public, in-state institutions tuition-free. The ultimate goal is to serve a minimum of 10,000 BCS students by the year 2030. In essence, Birmingham Promise strives to make higher education more affordable and accessible for BCS students, offering a blend of practical work experience and financial aid.
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Impact
July, 2024
Birmingham Promise Inc is making a significant impact in Birmingham by transforming futures and advancing the city through re-engineering education and workforce systems. This organization offers youth apprenticeships to Birmingham City School juniors and seniors, providing them with paid, high-quality work-based learning experiences. Additionally, Birmingham Promise provides postsecondary financial support, enabling BCS graduates to attend in-state, public institutions tuition-free. The goal is to serve at least 10,000 BCS students by 2030, making college affordable and accessible for these students. The impact of Birmingham Promise is not only felt in providing educational and career opportunities but also in helping to shape a brighter future for the community.
This information is meant to be a general summary of Birmingham Promise 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.
- Gross Receipts: $6,387,834
Assets and Liabilities:
- Total Assets: $11,865,752
- Total Liabilities: $37,588
- Net Assets: $11,828,164
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Organization Details
Founding Year
2019
Phone
(205) 843-5967Principal Officer
Leroy Abrahams
Main Address
1500 1st Ave North R145, Birmingham, AL, 35203
Website
www.birminghampromise.orgNTEE Category
Code: B82 - Education
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