Program areas at Birmingham Business Alliance Foundation
The Foundation provides scholarships to students through its Magic City HBCU scholarship program. A total of six scholarships were awarded in 2022.
The Birmingham Business Alliance Foundation's Competitiveness Initiatives explore and identify niche industries that can be competitive and grow jobs within the Birmingham region. The BBAF achieves this objective by funding special projects and research initiatives, such as a health care market intelligence and implementation plan with regional economic developers, funded by the Economic Development Administration (EDA).
Prosper Birmingham seeks to 1) connect corporate, civic, and community leaders to understand issues and increase equitable economic growth, 2) advance inclusive, long-term economic strategies that achieve economic potential as one community, and 3) fuel priority initiatives through private, public, and philanthropic sources to generate change. The Foundation's interest in the wholly owned subsidiary carrying out this program was transferred out on December 31, 2022.
Grants made by Birmingham Business Alliance Foundation
| Grantee | Grant description | Grant year | Amount |
|---|
| Birmingham Promise | The Foundation Provided A Grant To Birmingham Promise for Expenses Incurred in Connection With the Charitable Activities of Birmingham Promise. | 2022-12 | $1,000,000 |
| REV Birmingham | The Foundation Provided A Grant To Rev Birmingham, Inc. for Expenses Incurred in Connection With the Charitable Activities of Rev Birmingham, Inc. | 2022-12 | $515,000 |
| Birmingham Business Alliance | The Foundation Provided A Grant To Reimburse the Birmingham Business Alliance for Expenses Paid Related To the Business Advisory Services Program. | 2022-12 | $281,835 |
| ...and 2 more grants made |
Who funds Birmingham Business Alliance Foundation
Grants from foundations and other nonprofits
Personnel at Birmingham Business Alliance Foundation
| Name | Title | Compensation | Date of data |
|---|
| Steve Ammons | President and Chief Executive Officer | | 2023-11-14 |
| Emily Jerkins | President | $0 | 2022-12-31 |
| Bingham D Edwards | Vice President and Secretary | $0 | 2022-12-31 |
| Ron Kitchens | President | $0 | 2022-12-31 |
| Fred McCallum | President and Chief Executive Officer | $0 | 2021-12-31 |
| ...and 4 more key personnel |
Financials for Birmingham Business Alliance Foundation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $4,567,397 | $5,613,196 | -18.6% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $4,819 | $0 | 999% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $4,572,216 | $5,613,196 | -18.5% |
Organizations like Birmingham Business Alliance Foundation
| Organization | Type | Location | Revenue |
|---|
| New York City Partnership Foundation | 501(c)(3) | New York, NY | $11,136,166 |
| Greater Rochester Enterprise Foundation | 501(c)(3) | Rochester, NY | $1,824,256 |
| St Croix Foundation for Community Development | 501(c)(3) | Christiansted, VI | $1,906,147 |
| Cooperative Development Foundation (CDF) | 501(c)(3) | Washington, DC | $3,402,428 |
| Kina'ole Foundation | 501(c)(3) | Honolulu, HI | $1,303,392 |
| Delmar Divine Charitable Foundation | 501(c)(3) | St Louis, MO | $4,791,778 |
| Downtown Detroit Partnership (DDP) | 501(c)(3) | Detroit, MI | $4,954,638 |
| Columbia Pacific Economic Development District | 501(c)(3) | St Helens, OR | $2,960,651 |
| Downtown Akron Partnership | 501(c)(3) | Akron, OH | $1,495,105 |
| New Covenant Community Development Corporation | 501(c)(3) | Chicago, IL | $1,893,496 |
Data update history
December 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Updated personnel
Identified 2 new personnel
July 8, 2023
Updated personnel
Identified 2 new personnel
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employees
General information
- Address
- 505 20th St N 200
- Birmingham, AL 35203
- Metro area
- Birmingham-Hoover, AL
- Phone
- (205) 324-2100
IRS details
- EIN
- 57-0892546
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1988
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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