philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Business Technology Development

Tax-deductible

Huntsville, AL501(c)(3)Community Development EIN 72-1378435Revenue $116K in FY2024

On file with the IRSbiztech.org515 Sparkman Dr Nw, 35816-3417 · Huntsville, ALTax-exempt since Feb 1998Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Incubator for small Business Development

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $81K a year · 33% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$413K
267% of total assets
Concern: liabilities are 267% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$116K
-26% vs prior year
Spent
$216K
To programs
75%
Net assets
−$258K
By yearFY2020–FY2024
Revenue
$116K
FY2024▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$402K
FY2021$336K
FY2022$234K
FY2023$157K
FY2024$116K
Expenses
$216K
FY2024▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$361K
FY2021$356K
FY2022$371K
FY2023$349K
FY2024$216K
Net assets
−$258K
FY2024▼ -64%
Tap a bar for its year
Net assets by fiscal year
FY2020$190K
FY2021$171K
FY2022$34K
FY2023−$158K
FY2024−$258K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $163K Management & general 25% · $53K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Bob Baron
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Business Technology Development executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps new businesses start and grow.

Questions for Business Technology Development

Tap to ask. Business Technology Development sees how many people are interested.

Your first name shows with your question. Business Technology Development answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $163K · in their own filed words · FY2024
01

Promoting and increasing business opportunities for small businesses in madison county, alabama. Promoting, coordinating, developing and operating a small business incubator.

$163Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$116K
Ln 12
Fees for servicesLn 2g$112K
Investment incomeLn 3$4K
Money outPt IX
$216K
Ln 25
Programscol B$163K
Managementcol C$53K
Owns and owesPt X
−$258K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$155K
LiabilitiesLn 26$413K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$112K
Investment incomeLn 3$4K
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
InvestmentsLn 11–13$1K
Other assetsLn 15$13K
Total assetsLn 16$155K
LiabilitiesLn 26$413K
Net assetsLn 32−$258K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$95K$102K
InvestmentsLn 11–13$1K$1K
Total assetsLn 16$168K$155K
LiabilitiesLn 26$325K$413K
Net assetsLn 32−$158K−$258K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K$13K
Payroll taxesLn 10$1K$1K
Office expensesLn 13$554$415$139
Information technologyLn 14$2K$412$1K
OccupancyLn 16$119K$89K$30K
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$77K$71K$6K
Total functional expensesLn 25$216K$163K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $116K$216K−$101K−$258K 990 PDF
FY2023 $157K$349K−$192K−$158K 990 PDF
FY2022 $234K$371K−$137K$34K 990 PDF
FY2021 $336K$356K−$19K$171K 990 PDF
FY2020 $402K$361K$41K$190K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $115,837 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,500$0
I-9 Program service revenuePrior year $107,447$111,589
I-10 Investment incomePrior year $18,064$4,248
I-11 Other revenue$0
I-12 Total revenuePrior year $157,011$115,837
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $18,937$14,208
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $329,981$202,251
I-18 Total expensesPrior year $348,918$216,459
I-19 Revenue less expensesPrior year −$191,907−$100,622
Part VI · Governance 11 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $115,837 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,589$111,589
VIII-3 Investment incomeRelated to mission $4,248$4,248
VIII-12 Total revenueRelated to mission $115,837$115,837
Part IX · Statement of functional expenses $216,459 across 7 lines filed
IX-7 Other salaries and wagesManagement $13,183$13,183
IX-10 Payroll taxesManagement $1,025$1,025
IX-13 Office expensesPrograms $415 · Management $139$554
IX-14 Information technologyPrograms $412 · Management $1,236$1,648
IX-16 OccupancyPrograms $89,169 · Management $29,723$118,892
IX-23 InsurancePrograms $1,893 · Management $1,893$3,786
IX-24 Other expenses (24a–d)Programs $71,361 · Management $6,010$77,371
IX-25 Total functional expensesPrograms $163,250 · Management $53,209 · Fundraising $0$216,459
Part X · Balance sheet $154,805 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $94,675$101,925
X-4 Accounts receivableStart of year $58,448$38,242
X-12 Other securitiesStart of year $1,208$1,208
X-15 Other assetsStart of year $13,430$13,430
X-16 Total assetsStart of year $167,761$154,805
X-17 Accounts payable and accrued expensesStart of year $318,500$406,384
X-25 Other liabilitiesStart of year $6,858$6,640
X-26 Total liabilitiesStart of year $325,358$413,024
X-27 Net assets without donor restrictionsStart of year −$157,597−$258,219
X-32 Total net assets or fund balancesStart of year −$157,597−$258,219
X-33 Total liabilities and net assetsStart of year $167,761$154,805
Part XI · Reconciliation of net assets −$258,219 net assets at year end
XI-1 Total revenue$115,837
XI-2 Total expenses$216,459
XI-3 Revenue less expenses−$100,622
XI-4 Net assets at start of year−$157,597
XI-10 Net assets at end of year−$258,219

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.