Business Council Of Alabama
- Assets
- $6.8m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Montgomery, AL
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 63-0922835
Organization Overview
Business Council Of Alabama is located in Montgomery, AL. The organization was established in 1986. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Business Council Of Alabama employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Council Of Alabama is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Business Council Of Alabama generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. 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
TO IMPROVE INDUSTRY AND LABOR CONDITIONS FOR THE STATE OF ALABAMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS FOR MEMBERS AND ADVOCACY EFFORTS ON BEHALF OF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rey Almodovar Committee Member | Trustee | 1 | $0 |
Richard Amos Committee Member | Trustee | 1 | $0 |
Dick Anderson Committee Member | Trustee | 1 | $0 |
David Armistead Committee Member | Trustee | 1 | $0 |
Ryan Austin Committee Member | Trustee | 1 | $0 |
Freda Bacon Committee Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acca Liability Self-insurance Rent | 12/30/18 | $224,259 |
Bradley Arant Boult Company Non-employee Compensation | 12/30/18 | $104,503 |
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 | $4,405,976 |
| Investment income | $142,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,625 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,745,857 |
| 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. | $241,965 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,301,686 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $40,337 |
| Other employee benefits | $90,058 |
| Payroll taxes | $106,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,425 |
| Fees for services: Lobbying | $140,550 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,248 |
| Fees for services: Other | $658,073 |
| Advertising and promotion | $169,787 |
| Office expenses | $77,014 |
| Information technology | $82,223 |
| Royalties | $0 |
| Occupancy | $399,567 |
| Travel | $29,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $213,689 |
| Conferences, conventions, and meetings | $522,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,709 |
| Insurance | $13,434 |
| All other expenses | $0 |
| Total functional expenses | $4,238,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,947 |
| Savings and temporary cash investments | $1,927,394 |
| 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 | $85,888 |
| Investments—publicly traded securities | $4,415,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,789,422 |
| Accounts payable and accrued expenses | $10,546 |
| 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 | $10,546 |
| Net assets without donor restrictions | $1,975,802 |
| Net assets with donor restrictions | $4,803,074 |
| 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 | $6,789,422 |