PROSPER FOUNDATION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- PROSPER FOUNDATION (EIN 87-1572206)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-09-26
- IRS object ID
- 202522699349300227
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-26T16:03:50-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 630721243 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BORLAND BENEFIELD PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 SHADES CREEK PARKWAY | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 871572206 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROSPER FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PROS | BusinessNameControlTxt |
| Phone | 2053062061 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1721 3RD AVE N 202 | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35203 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JW CARPENTER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2053062061 | PhoneNum |
| Signature | 2025-09-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFFREY D CHANDLER CPA | PreparerPersonNm |
| PTIN | P00764759 | PTIN |
| Phone | 2058027212 | PhoneNum |
| Preparation | 2025-09-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JW CARPENTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1721 3RD AVE N 202 | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,346,522 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PROSPERBHAM.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2020 | FormationYr |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Activity Or Mission | PROSPER IS A COALITION OF COMMUNITY, CIVIC, AND BUSINESS LEADERS COMMITTED TO CREATING A GROWING ECONOMY IN BIRMINGHAM AND JEFFERSON COUNTY. PROSPER'S ROLES ARE TO CONVENE COMMUNITY PARTNERS, ALIGN SYSTEMS, RAISE AND INVEST FUNDING, AND EVALUATE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 6 | TotalEmployeeCnt |
| Total Volunteers | 44 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,443,098 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,204,293 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $68,861 | PYInvestmentIncomeAmt |
| CY Investment Income | $141,325 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,079 | PYOtherRevenueAmt |
| CY Other Revenue | $904 | CYOtherRevenueAmt |
| PY Total Revenue | $5,513,038 | PYTotalRevenueAmt |
| CY Total Revenue | $4,346,522 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $616,133 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $597,431 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $728,737 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $218,621 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,418,749 | PYOtherExpensesAmt |
| CY Other Expenses | $3,651,058 | CYOtherExpensesAmt |
| PY Total Expenses | $4,016,180 | PYTotalExpensesAmt |
| CY Total Expenses | $4,995,928 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,496,858 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$649,406 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,072,178 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,002,289 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $149,723 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $162,573 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,922,455 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,839,716 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROSPER IS A COALITION OF COMMUNITY, CIVIC, AND BUSINESS LEADERS COMMITTED TO CREATING THE MOST THRIVING ECONOMY IN THE SOUTHEAST BY ALIGNING BIRMINGHAM AND JEFFERSON COUNTY AROUND JOB CREATION, JOB PREPARATION, AND JOB ACCESS GOALS AND STRATEGIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,155,359 | ExpenseAmt |
| Desc | HEALTH TECH ACCELERATOR CONNECTS CUTTING-EDGE, HEALTH TECHNOLOGY STARTUPS TO THE COACHING, CAPITAL, AND CONNECTIONS THEY NEED TO BUILD AND GROW THEIR BUSINESSES. THE PROGRAM AIMS TO MAKE BIRMINGHAM THE CENTER OF HEALTH TECHNOLOGY SOLUTIONS THROUGH INVESTMENTS IN ENTREPRENEURSHIP, TALENT, AND COMMUNITY ENGAGEMENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $995,416 | ExpenseAmt |
| Desc | SMALL BUSINESS ACCELERATION IS AN EFFORT TO PROPERLY IDENTIFY THE BEST WAYS TO SUPPORT SMALL BUSINESSES IN BIRMINGHAM AND PROVIDE SUPPORT FOR VARIOUS STAGES OF BUSINESS GROWTH. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $628,186 | ExpenseAmt |
| Grant | $616,133 | GrantAmt |
| Desc | THE CATALYZE CHALLENGE IS AN EFFORT TO CREATE EDUCATIONAL EXPERIENCES THAT BRIDGE THE GAP BETWEEN LEARNING AND WORK THROUGH CORPORATE AND COMMUNITY PARTNERSHIPS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,732,026 | ExpenseAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $1,732,026 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $4,510,987 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 6 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETERS BANDURA LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2055470762 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3800 COLONNADE PARKWAY | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35243 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|
| MARK CROSSWHITE | |||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LEE STYSLINGER III | |||||||
| CO-CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN TURNER | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TIM VINES | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR RAY WATTS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RANDALL WOODFIN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR ANTHONY HOOD | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICH BIELEN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS NANNI | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAWN BULGARELLA | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JASMINE FELLS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANOOP MISHRA | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SANJAY SINGH PHD | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK TARR | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN SHERMAN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KHADIJAH ABDULLAH | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RUTH ANN MOSS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LARA AVSAR | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS KRAMER | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STACI PIERCE | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROSILYN HOUSTON | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEROY ABRAHAMS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BONDERIA LYONS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TATE FORRESTER | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RALPH WILLIAMS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JW CARPENTER | |||||||
| PRESIDENT | 40.00 | $240,600 | $0 | $18,961 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $240,600 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $18,961 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,114,025 | GovernmentGrantsAmt |
| All Other Contributions | $3,090,268 | AllOtherContributionsAmt |
| Total Contributions | $4,204,293 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $141,325 | TotalRevenueColumnAmt |
| Exclusion | $141,325 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $904 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $904 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $904 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,346,522 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $904 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $141,325 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $616,133 | TotalAmt |
| Program Services | $616,133 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,559 | TotalAmt |
| Program Services | $155,735 | ProgramServicesAmt |
| Management And General | $25,957 | ManagementAndGeneralAmt |
| Fundraising | $77,867 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $377,253 | TotalAmt |
| Program Services | $226,352 | ProgramServicesAmt |
| Management And General | $37,725 | ManagementAndGeneralAmt |
| Fundraising | $113,176 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,013 | TotalAmt |
| Program Services | $7,808 | ProgramServicesAmt |
| Management And General | $1,301 | ManagementAndGeneralAmt |
| Fundraising | $3,904 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,692 | TotalAmt |
| Program Services | $21,415 | ProgramServicesAmt |
| Management And General | $3,569 | ManagementAndGeneralAmt |
| Fundraising | $10,708 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,220 | TotalAmt |
| Program Services | $25,932 | ProgramServicesAmt |
| Management And General | $4,322 | ManagementAndGeneralAmt |
| Fundraising | $12,966 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,655 | TotalAmt |
| Program Services | $94,924 | ProgramServicesAmt |
| Management And General | $23,731 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,398 | TotalAmt |
| Management And General | $16,398 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,378 | TotalAmt |
| Program Services | $55,561 | ProgramServicesAmt |
| Management And General | $67,817 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,159 | TotalAmt |
| Program Services | $5,727 | ProgramServicesAmt |
| Management And General | $1,432 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,760 | TotalAmt |
| Program Services | $3,808 | ProgramServicesAmt |
| Management And General | $952 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,837 | TotalAmt |
| Program Services | $69,470 | ProgramServicesAmt |
| Management And General | $17,367 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,326 | TotalAmt |
| Program Services | $89,861 | ProgramServicesAmt |
| Management And General | $22,465 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,914 | TotalAmt |
| Program Services | $68,731 | ProgramServicesAmt |
| Management And General | $17,183 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,099 | TotalAmt |
| Management And General | $5,099 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| HEALTH TECH CLUSTER | $1,866,863 | $1,866,863 | |
| SMALL BUSINESS ACCELERA | $995,416 | $995,416 | |
| BUSINESS ATTRACTION STR | $137,346 | $137,346 | |
| STAFF EXPENSES | $22,075 | $17,660 | $4,415 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,832 | TotalAmt |
| Program Services | $52,245 | ProgramServicesAmt |
| Management And General | $16,587 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,995,928 | TotalAmt |
| Program Services | $4,510,987 | ProgramServicesAmt |
| Management And General | $266,320 | ManagementAndGeneralAmt |
| Fundraising | $218,621 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,889,832 | BOYAmt |
| EOY | $4,891,833 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,538,965 | BOYAmt |
| EOY | $953,643 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,000 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,381 | BOYAmt |
| EOY | $156,813 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,072,178 | BOYAmt |
| EOY | $6,002,289 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,200 | BOYAmt |
| EOY | $3,951 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,523 | BOYAmt |
| EOY | $158,622 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,723 | BOYAmt |
| EOY | $162,573 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $459,059 | BOYAmt |
| EOY | $1,477,611 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,463,396 | BOYAmt |
| EOY | $4,362,105 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,922,455 | BOYAmt |
| EOY | $5,839,716 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,072,178 | BOYAmt |
| EOY | $6,002,289 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$649,406 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $566,667 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $5,443,098 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,617,084 | CurrentTaxYearAmt |
| Total | $10,060,182 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $5,443,098 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,617,084 | CurrentTaxYearAmt |
| Total | $10,060,182 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,760,709 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,299,473 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $68,861 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $141,325 | CurrentTaxYearAmt |
| Total | $210,186 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $10,270,368 | TotalSupportAmt |
| Public Support CY170 | 0.51600 | PublicSupportCY170Pct |
| Public Support PY170 | 0.33960 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITY | Desc |
| Amt | $158,622 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $158,622 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,346,522 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,346,522 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,346,522 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,995,928 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,995,928 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,995,928 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | AS OF DECEMBER 31, 2024 THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES AN ANNUAL FORM 990 WITH THE INTERNAL REVENUE SERVICE. AS THE ORGANIZATION IS IN ITS SECOND YEAR OF OPERATIONS, THE TAX RETURN FOR THE YEAR 2021 REMAINS SUBJECT TO EXAMINATION BY TAX AUTHORITIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| SPRING VALLEY SCHOOL | ||||||||
| 2701 SYDNEY DRIVE | BIRMINGHAM | AL | 35211 | 631253000 | 501(C)(3) | $82,500 | $0 | TO CREATE EDUCATIONAL EXPERIENCES THAT BRIDGE THE GAP BETWEEN LEARNING AND WORK THROUGH CORPORATE AND COMMUNITY PARTNERSHIPS |
| UNITED ABILITY | ||||||||
| 100 OSLO CIRCLE | BIRMINGHAM | AL | 35211 | 630307960 | 501(C)(3) | $183,633 | $0 | TO CREATE EDUCATIONAL EXPERIENCES THAT BRIDGE THE GAP BETWEEN LEARNING AND WORK THROUGH CORPORATE AND COMMUNITY PARTNERSHIPS |
| OAK TREE MINISTRIES | ||||||||
| 6517 KIMBERLY AVE | BIRMINGHAM | AL | 35212 | 300877770 | 501(C)(3) | $100,000 | $0 | TO CREATE EDUCATIONAL EXPERIENCES THAT BRIDGE THE GAP BETWEEN LEARNING AND WORK THROUGH CORPORATE AND COMMUNITY PARTNERSHIPS |
| STREAM INNOVATIONS | ||||||||
| 1224 20TH ST SOUTH | BIRMINGHAM | AL | 35205 | 475353313 | 501(C)(3) | $175,000 | $0 | TO CREATE EDUCATIONAL EXPERIENCES THAT BRIDGE THE GAP BETWEEN LEARNING AND WORK THROUGH CORPORATE AND COMMUNITY PARTNERSHIPS |
| MECHANICAL CRAFT TRAINING INSTITUTE | ||||||||
| 350 INDUSTRIAL DRIVE | BIRMINGHAM | AL | 35211 | 863439780 | 501(C)(3) | $75,000 | $0 | TO CREATE EDUCATIONAL EXPERIENCES THAT BRIDGE THE GAP BETWEEN LEARNING AND WORK THROUGH CORPORATE AND COMMUNITY PARTNERSHIPS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION MAINTAIN RECORDS OF ASSISTANCE AND UNDERGOES A DETAILED SELECTION PROCESS TO ENSURE GRANTS ARE AWARDED FOR PURPOSES IN LINE WITH THE MISSION. GRANTS ARE AWARDED TO ORGANIZATIONS WITH EFFORTS TO CREATE EDUCATIONAL EXPERIENCES THAT BRIDGE THE GAP BETWEEN LEARNING AND WORK THROUGH CORPORATE AND COMMUNITY PARTNERSHIPS | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JW CARPENTER | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $215,000 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $25,000 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $600 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $9,624 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $9,337 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $259,561 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE 990 IS REVIEWED BY THE OFFICERS OF THE ORGANIZATION BEFORE THE RETURN IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REVIEWS THE POLICIES ANNUALLY AND UPDATES IF NECESSARY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT OF THE ORGANIZATION SET THE RECOMMENDED SALARIES, WHICH ARE APPROVED BY THE BOARD THROUGH THE BUDGETING PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| PART XII, LINE 2C | THERE WERE NO CHANGES IN THE PROCESS FROM PRIOR YEAR. |
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