Birminham Venture Club Inc
- Assets
- $65.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/1993
- Data as of
- 12/2020
- EIN
- 63-0982710
Organization Overview
Birminham Venture Club Inc is located in Birmingham, AL. The organization was established in 1993. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birminham Venture Club Inc 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 12/2020, Birminham Venture Club Inc generated $49.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $47.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HELD LUNCHEONS, A SEMINAR AND AN ANNUAL MEETING INVOLVING APPROXIMATELY 100 INDIVIDUALS TO PROMOTE DEVELOPMENT OF VENTURE CAPITAL IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Childs Jr Board Member - President | 1 | $0 | |
Josh Jones Board Member - Vice Presid | 1 | $0 | |
Larry Pirkle Board Member -Treasurer | 1 | $0 | |
Francis Hare Board Member | 1 | $0 | |
Kathy Nugent Board Member | 1 | $0 | |
Tanveer Patel Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,143 |
| Membership dues | $11,946 |
| Investment income | $214 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,303 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $569 |
| Other expenses | $42,756 |
| Total expenses | $47,525 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,239 |
| Other assets | $0 |
| Total assets | $65,239 |
| Total liabilities | $1,400 |
| Net assets or fund balances | $63,839 |