Birmingham Business Alliance Foundation

Organization Overview

Birmingham Business Alliance Foundation is located in Birmingham, AL. The organization was established in 1989. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birmingham Business Alliance Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Birmingham Business Alliance Foundation generated $5.6m in total revenue. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 166.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE BUSINESS AND COMMERCE AND TO FURTHER EDUCATIONAL ENDEAVORS IN THE BIRMINGHAM, ALABAMA REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDED A GRANT TO REIMBURSE THE BIRMINGHAM BUSINESS ALLIANCE FOR EXPENSES PAID RELATED TO THE WORKFORCE DEVELOPMENT INIATIVE.


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 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).


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,613,196
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,613,196
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,613,196

Grants Awarded

Over the last fiscal year, Birmingham Business Alliance Foundation has awarded $2,249,359 in support to 2 organizations.

Grant RecipientAmount

BIRMINGHAM PROMISE

Org PageRecipient Profile

Birmingham, AL

PURPOSE: The Foundation provided a grant to Birmingham Promise for expenses incurred in connection with the charitable activities of Birmingham Promise.

$2,000,000

BIRMINGHAM BUSINESS ALLIANCE

Org PageRecipient Profile

Birmingham, AL

PURPOSE: The Foundation provided a grant to reimburse the Birmingham Business Alliance for expenses paid related to the Workforce Development, the Business Advisory Services, and the Competitiveness Initiatives.

$249,359
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Birmingham Business Alliance Foundation has recieved totaling $100,000.

Awarding OrganizationAmount
The Community Foundation Of Greater Birmingham

Birmingham, AL

PURPOSE: PROSPER BIRMINGHAM

$100,000
View Grant Recipient Profile

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