Urban Impact Inc
- Assets
- $369.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Birmingham, AL
- Founding
- 06/1997
- Data as of
- 06/2022
- EIN
- 63-0795551
Organization Overview
Urban Impact Inc is located in Birmingham, AL. The organization was established in 1997. 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. As of 06/2022, Urban Impact Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Impact 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 06/2022, Urban Impact Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $811.2k during the year ending 06/2022. While expenses have increased by 16.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DEVELOP, IMPLEMENT AND DRIVE CREATIVE COMMUNITY-BASED STRATEGIES AND PROGRAMS THAT ENHANCE ECONOMIC OPPORTUNITY, BUILDS INCLUSIVE AND EQUITABLE ECOSYSTEMS, FACILITATES HISTORIC PRESERVATION, AND ENSURES A DYNAMIC, IMPACTFUL FRAMEWORK FOR SUSTAINABLE GROWTH AND DEVELOPMENT.WE STRIVE TO BE A LEAD ECOSYSTEM BUILDER THAT CREATES WHOLISTIC ECONOMIC IMPACT BY INVESTING IN PEOPLE AND EQUITABLY DEVELOPING PLACE, INCREASING THE QUALITY OF LIFE FOR BIRMINGHAM RESIDENTS IN TRADITIONALLY UNDERSERVED COMMERCIAL DISTRICTS AND NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TASTE OF 4TH AVENUE JAZZ FESTIVAL CREATES ALLIANCES WITH OTHER ENTITIES AND ORGANIZATIONS TO ADVANCE THE SPIRIT OF JAZZ; WHICH IS TRULY A COLLABORATIVE ART FORM. THE TASTE OF THE 4TH AVENUE JAZZ FESTIVAL GIVES THE CITIZENS OF BIRMINGHAM, AL AND JEFFERSON COUNTY, AL AN EDUCATIONAL OUTLOOK OF THE HISTORY AND TOUR OF THE FOURTH AVENUE BUSINESS DISTRICT AND FREE ADMISSION TO THE FESTIVAL.
MAIN STREET ACTIVITIES PROVIDES A DISTRICT REVITALIZATION AND TRANSFORMATION STRATEGY THAT AIMS TO IMPLEMENT EQUITABLE AND INCLUSIVE DEVELOPMENT PRINCIPLES INTO THE 4TH AVENUE BUSINESS DISTRICT.
BE BHM BUSINESS PROMOTIONS PROVIDES A YEAR-LONG BUSINESS ACCELERATOR PROGRAM FOR AFRICAN-AMERICAN ENTREPRENEURS THAT COVERS KEY AREAS OF BUSINESS OPERATIONS SUCH AS FINANCIAL MANAGEMENT, MARKETING, AND CAPITAL ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucien Blankenship ESQ Chairman | OfficerTrustee | 13 | $0 |
Anthony Hood Director | Trustee | 8 | $0 |
Bonderia Lyons Director | Trustee | 7 | $0 |
Brandon Cleveland Director | Trustee | 17 | $0 |
Brandon Wolfe Director | Trustee | 2 | $0 |
Corey Hawkins Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $325,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $719,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,044,552 |
| Total Program Service Revenue | $2,263 |
| Investment income | $453 |
| 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 | $1,047,268 |
| 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. | $103,068 |
| Compensation of current officers, directors, key employees. | $25,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,657 |
| Payroll taxes | $30,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,604 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212,109 |
| Advertising and promotion | $6,239 |
| Office expenses | $13,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,536 |
| Travel | $4,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,935 |
| All other expenses | $13,427 |
| Total functional expenses | $811,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $69,888 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $86,225 |
| 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 | $368,984 |
| Accounts payable and accrued expenses | $16,029 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,948 |
| Total liabilities | $171,977 |
| Net assets without donor restrictions | $140,156 |
| Net assets with donor restrictions | $56,851 |
| 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 | $368,984 |