Birmingham Promise Inc

Organization Overview

Birmingham Promise Inc is located in Birmingham, AL. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Birmingham Promise Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birmingham Promise Inc 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 Promise Inc generated $8.4m in total revenue. All expenses for the organization totaled $3.2m during the year ending 12/2021.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF BIRMINGHAM PROMISE IS TO TRANSFORM FUTURES AND ADVANCE BIRMINGHAM BY RE-ENGINEERING EDUCATION AND WORKFORCE SYSTEMS. THE BIRMINGHAM PROMISE HAS TWO PRIMARY COMPONENTS: (1) YOUTH APPRENTICESHIPS, WHICH PROVIDE BIRMINGHAM CITY SCHOOL (BCS) JUNIORS AND SENIORS WITH PAID, HIGH-QUALITY WORK-BASED LEARNING EXPERIENCES AND (2) POSTSECONDARY FINANCIAL SUPPORT, WHICH ENABLES BCS GRADUATES TO ATTEND IN-STATE, PUBLIC INSTITUTIONS TUITION-FREE. THE GOAL IS TO SERVE AT LEASE 10,000 BCS STUDENTS BY 2030.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BIRMINGHAM PROMISE MAKES COLLEGE AFFORDABLE AND ACCESSIBLE BY OFFERING SCHOLARSHIPS AND APPRENTICESHIP OPPORTUNITIES TO BIRMINGHAM CITY SCHOOLS STUDENTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,562,500
All other contributions, gifts, grants, and similar amounts not included above$5,864,608
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,427,108
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 $8,427,108

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Birmingham Promise Inc has recieved totaling $2,435,000.

Awarding OrganizationAmount
Birmingham Business Alliance Foundation

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
New America Foundation

Washington, DC

PURPOSE: SUPPORT GRANTEE'S ROLE AS A PARTNERSHIP TO ADVANCE YOUTH APPRENTICESHIP NATIONAL PARTNER

$300,000
The Community Foundation Of Greater Birmingham

Birmingham, AL

PURPOSE: GENERAL SUPPORT

$100,000
Deloitte Foundation

Stamford, CT

PURPOSE: MARKETPLACE GRANT

$35,000
View Grant Recipient Profile

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