Bbva Charity
- Assets
- $0.0
- Revenue
- $604.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/2019
- Data as of
- 09/2021
- EIN
- 26-1615917
Organization Overview
Bbva Charity is located in Birmingham, AL. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bbva Charity 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 09/2021, Bbva Charity generated $604.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $930.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Bbva Charity has awarded 64 individual grants totaling $1,394,257. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMPASSION AND CHARITY FUND SERVES AS A VEHICLE FOR BBVA EMPLOYEES TO MAKE CHARITABLE CONTRIBUTIONS TO OTHER ORGANIZATIONS OF THEIR CHOICE AND PROVIDE FINANCIAL RELIEF TO BBVA EMPLOYEES WHO MAY BE FACING A CATASTROPHIC EVENT OR PERSONAL HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BBVA CHARITY ENABLES BBVA EMPLOYEES TO DONATE A PORTION OF THEIR EARNINGS TO QUALIFIED 501(C)(3) NON PROFIT ORGANIZATIONS OF THEIR CHOICE. BBVA EMPLOYEES CAN DONATE THROUGH A ONE-TIME TRANSACTION OR PAYROLL DEDUCTIONS THROUGH THE VOLUNTEER CONNECTION PLATFORM.
COMPASSION AND CHARITY FUND ENABLES BBVA EMPLOYEES TO DONATE A PORTION OF THEIR EARNINGS TO QUALIFIED 501(C)(3) NON PROFIT ORGANIZATIONS OF THEIR CHOICE. BBVA EMPLOYEES CAN DONATE THROUGH A ONE-TIME TRANSACTION OR PAYROLL DEDUCTIONS THROUGH THE VOLUNTEER CONNECTION PLATFORM.
THE BBVA COMPASSION TEAM SUPPORT FUND PROGRAM IS DESIGNED TO HELP PROVIDE FINANCIAL RELIEF TO BBVA EMPLOYEES WHO MAY BE FACING A CATASTROPHIC EVENT OR PERSONAL HARDSHIP. ELIGIBLE TEAM MEMBERS CAN RECEIVE UP TO 2 GRANTS DURING THEIR TENURE WITH THE BANK, WITH EACH GRANT CAPPED AT $5,000 (OR AS OTHERWISE DETERMINED BY THE BBVA CHARITY BOARD). CURRENT BBVA EMPLOYEES CAN PROVIDE FUNDING BY MAKING DIRECT TAX-DEDUCTIBLE DONATIONS TO BBVA COMPASSION. DONATIONS ARE FACILITATED THROUGH THE BBVA VOLUNTEER CONNECTION PLATFORM AND CAN BE RECEIVED AS A ONE-TIME TRANSACTION OR PAYROLL DEDUCTION. DONATIONS ARE AGGREGATED AND AUTOMATICALLY PAID ON EMPLOYEES BEHALF ON A MONTHLY BASIS. ALL DONATIONS ARE DEPOSITED INTO THE BBVA COMPASSION ACCOUNT. EMPLOYEES APPROVED THROUGH THE PROGRAM RECEIVE A GRANT DISBURSED FROM THE BBVA COMPASSION ACCOUNT.
THE BBVA COMPASSION TEAM SUPPORT FUND PROGRAM IS DESIGNED TO HELP PROVIDE FINANCIAL RELIEF TO BBVA EMPLOYEES WHO MAY BE FACING A CATASTROPHIC EVENT OR PERSONAL HARDSHIP. ELIGIBLE TEAM MEMBERS CAN RECEIVE UP TO 2 GRANTS DURING THEIR TENURE WITH THE BANK, WITH EACH GRANT CAPPED AT $5,000 (OR AS OTHERWISE DETERMINED BY THE BBVA CHARITY BOARD). CURRENT BBVA EMPLOYEES CAN PROVIDE FUNDING BY MAKING DIRECT TAX-DEDUCTIBLE DONATIONS TO BBVA COMPASSION. DONATIONS ARE FACILITATED THROUGH THE BBVA VOLUNTEER CONNECTION PLATFORM AND CAN BE RECEIVED AS A ONE-TIME TRANSACTION OR PAYROLL DEDUCTION. DONATIONS ARE AGGREGATED AND AUTOMATICALLY PAID ON EMPLOYEES BEHALF ON A MONTHLY BASIS. ALL DONATIONS ARE DEPOSITED INTO THE BBVA COMPASSION ACCOUNT. EMPLOYEES APPROVED THROUGH THE PROGRAM RECEIVE A GRANT DISBURSED FROM THE BBVA COMPASSION ACCOUNT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosilyn Houston Chairman | OfficerTrustee | 1 | $0 |
J Reymundo Ocanas President | OfficerTrustee | 1 | $0 |
Jonathan Pennington Treasurer | OfficerTrustee | 1 | $0 |
Jeff Waldman Asst. Treasurer | OfficerTrustee | 1 | $0 |
Brian Herrick Secretary | OfficerTrustee | 1 | $0 |
Carrie L Cogburn Asst Secretary | OfficerTrustee | 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 | $604,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,206 |
| Total Program Service Revenue | $0 |
| Investment income | $167 |
| 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 | $604,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $810,163 |
| Grants and other assistance to domestic individuals. | $113,235 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $930,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $326,045 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Bbva Charity has awarded $912,530 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: General support | $6,500 |
BIRMINGHAM HUMANE SOCIETY PURPOSE: General support | $7,796 |
COMMUNITY FOOD BANK CNTL AL PURPOSE: General support | $6,130 |
DOWNTOWN JIMMIE HALE MISSION PURPOSE: General support | $6,055 |
CHURCH OF THE HIGHLANDS PURPOSE: General support | $28,307 |
FIRST BAPTIST CHURCH HOUSTON PURPOSE: General support | $7,354 |