Baldwin County Economic Development Alliance Inc

Organization Overview

Baldwin County Economic Development Alliance Inc is located in Fairhope, AL. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Baldwin County Economic Development Alliance Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baldwin County Economic Development Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Baldwin County Economic Development Alliance Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 13.8% 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

THE ALLIANCE PROMOTES ECONOMIC DEVELOPMENT OF BALDWIN COUNTY THROUGH THE RECRUITMENT OF NEW BUSINESS AND PROVIDES ASSISTANCE WITH THE EXPANSION OF EXISTING BUSINESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ALLIANCE PROMOTES ECONOMIC DEVELOPMENT OF BALDWIN COUNTY THROUGH THE RECRUITMENT OF NEW BUSINESS AND PROVIDES ASSISTANCE WITH THE EXPANSION OF EXISTING BUSINESS. THE ALLIANCE COLLECTS AND COMPILES DEMOGRAPHIC INFORMATION, INCLUDING CENSUS INFORMATION, REGULATORY INFORMATION, SITE/BUILDING AVAILABILITY, SPECIFIC BUSINESS DEVELOPMENT INFORMATION, AND MORE. THE ALLIANCE MARKETS A NATIONAL ADVERTISING PROGRAM DESIGNED TO HEIGHTEN AWARENESS OF BUSINESS GROWTH OPPORTUNITIES IN BALDWIN COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Stanley Lawson
President An
$237,444
Wes Young
Chairman
$0
Scott Tripoli
Vice Chairma
$0
Jim Bibby
Secretary/tr
$0
Mark Ingram
Executive Co
$0
Jason Padgett
Imm Past Cha
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,543,003
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $9,105
Total Revenue from Contributions, Gifts, Grants & Similar$6,543,003
Total Program Service Revenue$116,900
Investment income $4,826
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 $6,667,397

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