Ignite Alabama
- Assets
- $1.2k
- Revenue
- $545.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Birmingham, AL
- Founding
- Data as of
- 12/2023
- EIN
- 84-2372949
Organization Overview
Ignite Alabama is located in Birmingham, AL. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Ignite Alabama employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ignite Alabama 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 12/2023, Ignite Alabama generated $545.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $549.2k during the year ending 12/2023. While expenses have increased by 11.1% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENSURE THAT MINORITIES STAY INFORMED, HAVE A CLEAR UNDERSTANDING, AND RECEIVE ACCESS TO FEDERAL, STATE, AND LOCAL FUNDING, AS WELL AS RESOURCES AND TECHNICAL ASSISTANCE NEEDED TO COMPETITIVELY COMPETE, SUCCEED, AND EXCEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IGNITE! ASSESSES NEEDS, DEVELOPS "INDIVIDUALIZED BUSINESS ACTION PLANS AND DIRECTS MINORITY SMALL BUSINESS OWNERS, ENTREPRENEURS, AND/OR NONPROFIT LEADERS TO THE APPROPRIATE PARTNER AGENCY BEST EQUIPPED TO PROVIDE TECHNICAL ASSISTANCE RELEVANT TO THEIR CURRENT NEED. IGNITE! ACHIEVES THIS THROUGH THE DOING BUSINESS IN ALABAMA PROGRAM (DBIA). DBIA IS A FIVE (5) YEAR PROJECT DESIGNED TO PROVIDE TECHNICAL ASSISTANCE, MENTORSHIP, AND SUPPORT TO 150 MINORITY SMALL BUSINESS OWNERS, ENTREPRENEURS, AND/OR NONPROFIT LEADERS. THE ORGANIZATION HAS IMPLEMENTED DBIA PROGRAMS SUCH AS ENTREPRENEURSHIP BOOTCAMP, THE C-SUITE PROJECT AND JUNETEENTH LEADERSHIP.DBIA WAS CREATED WITH THE FULL FOCUS OF CREATING PARTNERSHIPS AND PROGRAMS THAT WILL ENHANCE THE FINANCIAL AND OPERATIONAL POSITION OF YOUR BUSINESS. THE ORGANIZATION HAS PARTNERED WITH PROFESSIONAL ORGANIZATIONS TO OFFER MANY RESOURCES THAT COVER TOPICS SUCH AS: BUSINESS FORMATION/STRUCTUREBUSINESS SCALINGBUSINESS STRUCTUREFINANCIAL REPORTINGBUSINESS AND PERSONAL CREDITACCESS TO CAPITALLEGALSOCIAL MEDIAGOVERNMENT/CORPORATE CONTRACTSHOW TO PITCH?MARKETING/BRANDING/PR
IGNITE! HOSTS AN ANNUAL EMPOWERMENT SUMMIT, IN BIRMINGHAM, ALABAMA TO FURTHER ITS MISSION TO ENSURE MINORITIES STAY INFORMED AND HAVE A CLEAR UNDERSTANDING TO COMPETITIVELY COMPETE, SUCCEED, AND EXCEL. THE EVENT IS ALSO STREAMED ON FACEBOOK TO ALLOW FOR MORE WIDESPREAD ACCESS. THIS ANNUAL EVENT IS CENTERED AROUND THE SUSTAINABILITY OF WOMEN AND MINORITY-OWNED BUSINESSES FOR THE FUTURE. THE OBJECTIVES OF THE SUMMIT INCLUDE DEMYSTIFYING THE NOTIONS OF "GETTING RICH QUICK", LEARNING FINANCIAL ASTUTENESS AND METHODS OF PERSISTENCE IN BUSINESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Torin Darling Brazzle Founder, CEO And President | Officer | 20 | $67,820 |
Dr Kim Carter Evans President | OfficerTrustee | 2 | $0 |
Isaac Mccoy Vice President | OfficerTrustee | 2 | $0 |
Krishawn M Jackson Treasurer | OfficerTrustee | 2 | $0 |
William A Bell Member At Large | Trustee | 2 | $0 |
Jennifer Hanania Cohen Member At Large | Trustee | 2 | $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 | $536,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,080 |
| Total Program Service Revenue | $9,485 |
| Investment income | $0 |
| 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 | $545,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $67,820 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,227 |
| Advertising and promotion | $0 |
| Office expenses | $15,362 |
| Information technology | $4,598 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,733 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,150 |
| Total functional expenses | $549,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| 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 | $0 |
| 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 | $1,200 |
| Accounts payable and accrued expenses | $4,050 |
| 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 | $19,532 |
| Total liabilities | $23,582 |
| 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 | -$16,382 |
| Total liabilities and net assets/fund balances | $1,200 |