Charlotte Regional Business Alliance Foundation
- Assets
- $445.0k
- Revenue
- $302.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 56-2227354
Organization Overview
Charlotte Regional Business Alliance Foundation, operating under the name Alliance Foundation, is located in Charlotte, NC. The organization was established in 2001. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Alliance Foundation 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, Alliance Foundation generated $302.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $113.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION AMPLIFIES THE WORK OF THE CLT ALLIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED RESEARCH INCLUDING A REPORT PROVIDING INSIGHTS INTO ECONOMIC DEVELOPMENT INCENTIVES AND THE COMPETITIVE LANDSCAPE OF INCENTIVES OFFERED ACROSS THE CHARLOTTE REGION IN COMPARISON TO EIGHT PEER METRO MARKETS.
ADVANCEMENT OF DIVERSE, GROWTH-ORIENTED BUSINESSES - ACCELERATE THE GROWTH OF DIVERSE ENTREPRENEURS THROUGH INCREASED SOCIAL CAPITAL, EDUCATION AND RESOURCES THAT HELP INCREASE REVENUE, CUSTOMERS AND EMPLOYEES. TRIPLED THE NUMBER OF PARTICIPANTS FROM 2020-2021.
PROVIDED EDUCATIONAL PROGRAMMING TO PROMOTE ECONOMIC DEVELOPMENT AND TALENT DEVELOPMENT/CAREER PATHWAYS. THE CLT ALLIANCE FOUNDATION ORGANIZED SMALL AND LARGE GATHERINGS TO SUPORT DIVERSE TALENT INITIATIVES, A CONTINUUM OF WORKFORCE DEVELOPMENT, AND RAISED AWARENESS OF IN-DEMAND AND HIGH-GROWTH CAREERS ALONGSIDE TRAINING, CERTIFICATE, AND DEGREE PROGRAMS IN THESE AREAS OF CAREER OPPORTUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Head Chair | OfficerTrustee | 4 | $0 |
Melissa Mcguire Treasurer | OfficerTrustee | 1 | $0 |
Jack Santaniello Secretary | OfficerTrustee | 1 | $0 |
Joaquin Soria Financial Director | Officer | 2 | $0 |
Kelly A O'brien President | Officer | 1 | $0 |
Kieth Cockrell 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 | $302,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,692 |
| 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 | $302,692 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,318 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,413 |
| Advertising and promotion | $0 |
| Office expenses | $891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $799 |
| 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 | $113,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,959 |
| 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 | $444,959 |
| Accounts payable and accrued expenses | $7,664 |
| 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 | $7,664 |
| Net assets without donor restrictions | $174,661 |
| Net assets with donor restrictions | $262,634 |
| 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 | $444,959 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charlotte Regional Business Alliance Foundation has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Clt Host 2020 Inc Charlotte, NC PURPOSE: ECONOMIC DEVELOPMENT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Act For Alexandria Alexandria, VA | $25,524,079 | $7,617,741 |
Church Mouse Thrift Shop Inc Hilton Head Island, SC | $1,034,528 | $1,945,789 |
Memphis Land Bank Inc Memphis, TN | $18,817,383 | $908,597 |
Nccco Foundation Inc Fairfax, VA | $88,363 | $507,000 |
Charlotte Regional Realtor Assoc Housing Opportunity Foundati Charlotte, NC | $2,010,464 | $461,132 |
Downtown Kingsport Association Inc Kingsport, TN | $120,764 | $158,092 |
John Paul I Knights Of Columbus Charity Corporation Dale City, VA | $1,756,121 | $117,760 |
Prince William County Community Foundation Woodbridge, VA | $111,338 | $0 |
Oak Ridge Rotary Community Fund Oak Ridge, TN | $26,782 | $13,113 |
Advance Dekalb Inc Decatur, GA | $567,062 | $234,100 |
One Family Productions Stuart, VA | $72,107 | $0 |
Charlotte Regional Business Alliance Foundation Charlotte, NC | $444,959 | $302,692 |