2023-11-14T16:49:11-06:00 2022-12-31 630590670 Kassouf & Co Inc 2101 Highland Ave S Suite 300 Birmingham AL 352054009 990 2022-01-01 570892546 Birmingham Business Alliance Foundation BIRM 2053242100 505 20th Street North 200 Birmingham AL 35203 Steve Ammons President & CEO 2053242100 2023-11-04 1 Steve Ammons 999009999 0 Joel Jones P01328414 2054432500 2023-11-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Steve Ammons 505 20th Street North 200 Birmingham AL 35203 4572216 0 X N/A X 1988 AL To promote business and commerce and to further educational endeavors in the Birmingham, Alabama region. 3 3 0 10 0 0 5613196 4567397 0 0 0 4819 0 0 5613196 4572216 2249359 2130538 0 0 244372 512765 0 0 0 1142906 1463280 3636637 4106583 1976559 465633 2294678 83072 1307 0 2293371 83072 X To promote business and commerce and to further educational endeavors in the Birmingham, Alabama region. 0 1 6000 6000 The Foundation provides scholarships to students through its Magic City HBCU scholarship program. A total of six scholarships were awarded in 2022. 4081023 2121335 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. 3203 3203 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). 4090226 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 2053242100 505 20th Street North Suite 200 Birmingham AL 35203 Mark Tarr Director 0.10 1.00 X 0 0 0 Gregory S Curran Director, Chairperson 0.10 1.00 X 0 0 0 Joe Hampton Director 0.10 1.00 X 0 0 0 Bingham D Edwards Jr Vice President & Secretary 0.10 1.00 X 0 0 0 Emily Jerkins President 0.10 40.00 X 0 208255 17348 Ron Kitchens President (former) 0.10 40.00 X 0 437218 9597 James Carpenter Employee 40.00 0.00 X 224953 0 28714 224953 645473 55659 1 0 1 0 0 4567397 4567397 4819 4819 4572216 4819 0 0 X 2130538 2130538 231300 231300 203708 203708 16994 16994 60763 60763 102238 102238 32502 29922 2580 827578 813878 13700 64385 64385 9633 9558 75 84913 84913 3829 3829 4995 4995 Programming 274362 274362 Miscellaneous 41498 41498 Dues and Subscriptions 16669 16669 Bank Fees 678 676 2 4106583 4090226 16357 0 2294246 83072 432 0 2294678 83072 1307 0 1307 0 X 99329 83072 2194042 0 2293371 83072 2294678 83072 X 465633 -2675932 X X 1 X 0 0 0 X 230000 254500 5613196 4567397 10665093 230000 254500 5613196 4567397 10665093 10665093 4819 4819 10669912 0.99950 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Birmingham Promise 1500 1st Ave N Birmingham AL 35203 842830568 1000000 0 The Foundation provided a grant to Birmingham Promise for expenses incurred in connection with the charitable activities of Birmingham Promise. Birmingham Business Alliance 505 20th St N STE 200 Birmingham AL 35203 264629738 281835 0 The Foundation provided a grant to reimburse the Birmingham Business Alliance for expenses paid related to the Business Advisory Services program. Rev Birmingham Inc 5529 1st Avenue S Birmingham AL 35212 200763511 515000 0 The Foundation provided a grant to Rev Birmingham, Inc. for expenses incurred in connection with the charitable activities of Rev Birmingham, Inc. UAB 701 20th St S Birmingham AL 35294 636005396 300000 0 The Foundation provided a grant to UAB for expenses incurred in connection with the charitable activities of UAB. Urban Impact Inc 1721 4th Avenue North Suite 102 Birmingham AL 35203 630795551 12500 0 The Foundation provided a grant to Urban Impact, Inc. for expenses incurred in connection with the charitable activities of Urban Impact, Inc. Ignite Alabama 224 29th Street South Birmingham AL 35233 842372949 12000 0 The Foundation provided a grant to Ignite Alabama for expenses incurred in connection with the charitable activities of Ignite Alabama. 4 2 0 0 0 0 0 0 0 0 0 Ron Kitchens President (former) 0 437218 0 0 0 0 0 6100 0 3497 0 446815 0 0 James Carpenter Employee 224953 0 0 0 0 0 9252 0 19462 0 253667 0 0 0 Emily Jerkins President 0 208255 0 0 0 0 0 4206 0 13142 0 225603 0 0 Form 990, Part III, line 3 See Part III, lines 4a and 4c. Form 990, Part VI, Section B, line 11b The members of the Board are provided with a copy of the 990 for review prior to filing. A member can express any concerns related to the items listed on the 990. Form 990, Part VI, Section B, line 12c The Organization's conflict of interest policy is reviewed annually and is modified as warranted by vote of the Executive Committee and Board of Directors. Form 990, Part VI, Section B, line 15 The officers and employees of the Organization may receive such reasonable compensation for services rendered as the Board may deem appropriate. The Board will approve all compensation arrangements in advance of paying compensation and will document such arrangements in writing. Such documentation will include the names of those persons who decided or voted on the compensation arrangements, information about compensation paid by similarly-situated taxable or tax-exempt organizations for similar services (including any compensation surveys compiled by independent firms or actual written offers from similarly-situated organizations), and any other information on which the Board relied in making its decision. The Board shall review its compensation arrangements periodically. Form 990, Part VI, Section C, line 19 The governing documents and financial statements are available at the Foundation's location upon request. Form 990, Part IX, line 11g Professional Fees: Program service expenses 89,839. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,839. Professional Fees - Consulting: Program service expenses 724,039. Management and general expenses 13,700. Fundraising expenses 0. Total expenses 737,739. Form 990, Part XI, line 9: Tranfer of Membership Interest -2,675,932. Form 990, Part XII, Line 1: The Form 990 was prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. Prosper Birmingham 505 20th St N STE 200 Birmingham AL 35203 853495394 create a more prosperous and equitable future AL 4563013 2675932 Birmingham Business Alliance Foundation Birmingham Business Alliance 505 20th Street North Ste 200 Birmingham AL 35203 264629738 Economic development in the greater Birmingham, AL region AL 501(c)(6) N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Birmingham Business Alliance B 281835 Cash Value Paid Birmingham Business Alliance C 5000 Cash Value Received