Build Urban Prosperity
- Assets
- $1.2m
- Revenue
- $726.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/2017
- Data as of
- 12/2019
- EIN
- 82-2757890
Organization Overview
Build Urban Prosperity is located in Birmingham, AL. The organization was established in 2017. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Build Urban Prosperity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD URBAN PROSPERITY PARTNERS WITH ITS RELATED ORGANIZATION, BUILD UP, TO ACHIEVE THE SAME GOAL OF PROVIDING LOW-INCOME YOUTH WITH CAREER-READY SKILLS THROUGH EDUCATION AND TRAINING. THE ORGANIZATIONS ARE RELATED THROUGH COMMON MANAGEMENT AND BOARD MEMBERS. THE PRIMARY PURPOSE OF BUILD URBAN PROSPERITY IS TO HOLD PURCHASED REAL ESTATE THAT ITS NOT-FOR-PROFIT PARTNER, BUILD UP, USES TO HELP TRAIN STUDENTS IN LEARNING CONSTRUCTION SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Martin CEO | 40 | $0 | |
David Williams Board Member | 1 | $0 | |
Bradley Davidson Treasurer | 1 | $0 | |
Taajah Witherspoon Board Member | 1 | $0 | |
Nancy Hoffman Board Member | 1 | $0 | |
Daniel Coleman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $723,854 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $2,800 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $726,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13 |
| Printing and publications | $0 |
| Other expenses | $40,272 |
| Total operating and administrative expenses | $46,208 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $46,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,562 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,171,385 |
| Total assets | $1,197,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $390,182 |
| Total liabilities | $390,182 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Build Urban Prosperity has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Altec-Styslinger Foundation Inc Birmingham, AL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $60,000 |
Mike And Gillian Goodrich Charitable Foundation Birmingham, AL PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Opportunity Fund Inc Orlando, FL | $119,810,322 | $8,334,220 |
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Florida Community Loan Fund Orlando, FL | $108,210,727 | $7,672,092 |
Bac Funding Corporation Miami, FL | $17,927,247 | $4,831,785 |
Community And Economic Development Quincy, FL | $11,268,446 | $5,882,256 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
Broward County Community Development Corporation Inc Fort Lauderdale, FL | $8,205,586 | $4,659,433 |
Miami Beach Community Development Corporation Inc Miami Beach, FL | $28,003,490 | $2,129,125 |
Neighbors And Neighbors Association Inc Miami, FL | $2,936,211 | $3,300,045 |
Pasco Economic Development Council Inc Lutz, FL | $4,349,801 | $2,360,770 |
Sunshine State Economic Development Corp Clearwater, FL | $6,634,562 | $1,695,679 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |