Alabama Business Charitable Trust Fund Inc
- Assets
- $38.1m
- Revenue
- $3.5m
- Investments
- $13.8m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 58-1984793
Organization Overview
Alabama Business Charitable Trust Fund Inc is located in Birmingham, AL. The organization was established in 1992. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Alabama Business Charitable Trust Fund 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 12/2021, Alabama Business Charitable Trust Fund Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alabama Business Charitable Trust Fund Inc has awarded 63 individual grants totaling $2,072,596. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY COOLING ASSISTANCE PROGRAM PROVIDES FUNDS FOR ENERGY ASSISTANCE DURING THE COOLING SEASON OF JUNE - OCTOBER TO VARIOUS NON-PROFIT AGENCIES IN NORTH, SOUTH AND CENTRAL ALABAMA.
EMERGENCY ENERGY ASSISTANCE PROGRAM PROVIDES FUNDS FOR ENERGY ASSISTANCE THROUGHOUT THE YEAR TO VARIOUS NON-PROFIT AGENCIES LOCATED IN NORTH, SOUTH AND CENTRAL ALABAMA.
HOME FORWARD PROGRAM PROVIDES ENERGY EFFICIENCY OPTIMIZATION TO LOW-INCOME HOMEOWNERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tan Grayson Associate Director | Officer | 24 | $74,457 |
Sharon Luna Assistant Secretary | Officer | 8 | $20,366 |
Desiree Carmichael Secretary | Officer | 3 | $17,029 |
Tequila Smith Executive Director | Officer | 2 | $10,199 |
Wendy Hoomes Treasurer | Officer | 1 | $1,063 |
Rick Swagler President & Director | OfficerTrustee | 0.1 | $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 | $0 |
| Investment income | $747,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,766,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,513,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $876,601 |
| 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. | $123,114 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,925 |
| Fees for services: Accounting | $12,771 |
| 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 | $179 |
| Information technology | $3,105 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $140 |
| 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 | $7,839 |
| Total functional expenses | $1,154,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $517,750 |
| 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 | $23,650,122 |
| Investments—other securities | $13,846,764 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,574 |
| Total assets | $38,052,210 |
| Accounts payable and accrued expenses | $27,123 |
| 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 | $27,123 |
| Net assets without donor restrictions | $38,025,087 |
| 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 | $38,052,210 |
Grants Awarded
Over the last fiscal year, Alabama Business Charitable Trust Fund Inc has awarded $847,879 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Mobile, AL PURPOSE: GENERAL/OPERATING | $93,911 |
Rainsville, AL PURPOSE: GENERAL/OPERATING | $75,414 |
Tuscaloosa, AL PURPOSE: GENERAL/OPERATING | $57,658 |
Birmingham, AL PURPOSE: GENERAL/OPERATING | $50,263 |
Troy, AL PURPOSE: GENERAL/OPERATING | $48,265 |
Enterprise, AL PURPOSE: GENERAL/OPERATING | $45,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mitchell Wolfson Sr Foundation Miami, FL | $245,881,118 | $51,380,734 |
Sudco Inc & Affiliates Voluntary Empl Beneficiary Association Tr Jacksonville, FL | $1,629,809 | $12,527,671 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Joseph C Bancroft Charitable & Educational Fund Mccomb, MS | $195,688,163 | $4,336,128 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |