Birmingham Business Resource Center Inc
- Assets
- $2.4m
- Revenue
- $890.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 63-1179057
Organization Overview
Birmingham Business Resource Center Inc is located in Birmingham, AL. The organization was established in 2002. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, 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 Resource Center Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Birmingham Business Resource Center Inc generated $890.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $657.4k during the year ending 12/2022. While expenses have increased by 17.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TECHNICAL ASSISTANCE TO DISADVANTAGED BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BBRC PROVIDES BUSINESS DEVELOPMENT SERVICES TO SMALL AND DISADVANTAGED BUSINESSES IN THE CITY OF BIRMINGHAM AND THE SURROUNDING MSA. THE BBRC OFFERED SEVERAL SEMINARS: HOW TO GET FINANCING FOR YOUR BUSINESS AND HOW TO MARKET YOUR BUSINESS. THESE SEMINARS ARE OFFERED PERIODICALLY AND AVERAGE 20-25 ATTENDEES.
THE AG GASTON EXPO IS AN ANNUAL EVENT CREATED TO INCREASE THE PERSONAL AND BUSINESS FINANCIAL AWARENESS OF THE LOCAL COMMUNITY USING THE PRINCIPALS ESPOUSED BY DR. A G GASTON. THE CONFERENCE HAS GROWN OVER THE LAST 10 YEARS AND THE LAST CONFERENCE HAD OVER 200 ATTENDEES. THE CONFERENCE FEATURES AWARDS, SEMINARS AND NETWORKING FUNCTIONS. OVER THE 2-DAY EXPO, THERE WERE SEMINARS THAT ATTRACTED AN AVERAGE OF 35 PEOPLE PER SEMINAR.IN PARTICULAR, THE SEMINAR REACHES OUT TO AFRICAN-AMERICAN YOUTH TO EXPOSE THEM TO DR GASTONS PRINCIPLES.
THE MISSION OF THE ALABAMA SMALL BUSINESS DEVELOPMENT INITIATIVE IS TO SPONSOR PROGRAMS THAT PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO THE EMERGING SMALL BUSINESS COMMUNITY, HELPING ENTREPRENEURS AND CUSTOMERS SUCCEED WHILE ATTRACTING MORE OPTIONS FOR CONVENTIONAL FINANCING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Jones Board Member | Trustee | 1 | $0 |
Audrey Vaughn Board Member | Trustee | 1 | $0 |
Rashada Leroy Board Member | Trustee | 1 | $0 |
Jenine Smith Board Member | Trustee | 1 | $0 |
Selena R Dickerson Board Member | Trustee | 1 | $0 |
Lisa Cooper Director | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $890,211 |
| 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 | $890,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $542,308 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,155 |
| Advertising and promotion | $5,767 |
| Office expenses | $12,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,416 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,202 |
| All other expenses | $2,050 |
| Total functional expenses | $657,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,457,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $917,251 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,374,997 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,374,997 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,374,997 |