Build Urban Prosperity
- Assets
- $2.4m
- Revenue
- $9.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/2017
- Data as of
- 06/2022
- EIN
- 82-2757890
Organization Overview
Build Urban Prosperity is located in Birmingham, AL. The organization was established in 2017. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Build Urban Prosperity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILD URBAN PROSPERITY PARTNERS WITH ITS RELATED ORGANIZATION, BUILD UP, TO ACHIEVE THE SAME GOAL OF PROVIDING LOW-INCOME YOUTH WITH CAREER-READY SKILLS THROUGH EDUCATION AND TRAINING. THE ORGANIZATIONS ARE RELATED THROUGH COMMON MANAGEMENT AND BOARD MEMBERS. THE PRIMARY PURPOSE OF BUILD URBAN PROSPERITY IS TO HOLD PURCHASED REAL ESTATE THAT ITS NOT-FOR-PROFIT PARTNER, BUILD UP, USES TO HELP TRAIN STUDENTS IN LEARNING CONSTRUCTION SKILLS AND IMPROVE VALUE IN LOW INCOME NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021-2022, WORKFORCE SKILLS AND EDUCATION WAS PROVIDED TO NUMEROUS STUDENTS THROUGHOUT THE BIRMINGHAM METROPOLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taajah Witherspoon Board Member | Trustee | 1 | $0 |
Mark Martin CEO | OfficerTrustee | 40 | $0 |
David Williams Board Member | Trustee | 1 | $0 |
Bradley Davidson Treasurer | OfficerTrustee | 1 | $0 |
Nancy Hoffman Board Member | Trustee | 1 | $0 |
Henry Nelson President | OfficerTrustee | 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 | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,475 |
| 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 | $9,475 |
| 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 | $8,689 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,640 |
| Advertising and promotion | $40 |
| Office expenses | $2,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,951 |
| Travel | $3,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,199 |
| All other expenses | $22,243 |
| Total functional expenses | $175,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,297 |
| 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 | $20,000 |
| 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 | $2,332,627 |
| Total assets | $2,406,924 |
| Accounts payable and accrued expenses | $0 |
| 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 | $48,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,703,286 |
| Total liabilities | $1,751,286 |
| Net assets without donor restrictions | $0 |
| 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 | $655,638 |
| Total liabilities and net assets/fund balances | $2,406,924 |