Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Jul 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $66K paid to officers and key staff.
Denita Bearden’s $66K as Director of Operations is at the 62nd percentile of top reported officer pay among 1216 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2022 | FY2021 |
|---|---|---|
| Denita Bearden | $66,113 | $70,500 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aNo
Programs and updates
Fills the tech talent gap and promotes economic mobility in Central Alabama.
Questions for Innovate Birmingham
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In 2016, following the award of the us department of labor's america'spromise grant (led by the university of alabama at birmingham (uab)), acoalition of over 15 community partners and 30 employers came together tosolve two problems: (1) meet the demand of an it workforce growing at thesecond-fastest pace in the country; (2) harness the…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $326K | $167K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $326K | $220K |
| LiabilitiesLn 26 | $14K | $120K |
| Net assetsLn 32 | $311K | $100K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $66K | $53K | $3K | $10K |
| Other salaries and wagesLn 7 | $236K | $189K | $12K | $35K |
| Other employee benefitsLn 9 | $42K | $34K | $2K | $6K |
| Payroll taxesLn 10 | $20K | $16K | $994 | $3K |
| Legal feesLn 11b | $2K | $1K | $77 | $231 |
| Accounting feesLn 11c | $24K | $19K | $1K | $4K |
| Other fees for servicesLn 11g | $39K | $31K | $2K | $6K |
| Advertising and promotionLn 12 | $6K | $5K | $301 | $902 |
| Office expensesLn 13 | $294 | $294 | ||
| Conferences, conventions and meetingsLn 19 | $2K | $1K | $81 | $243 |
| InsuranceLn 23 | $3K | $2K | $145 | $434 |
| Other expenses (24a–d)Ln 24 | $114K | $62K | $51K | $523 |
| All other expensesLn 24e | $170 | $170 | ||
| Total functional expensesLn 25 | $555K | $414K | $74K | $66K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest Viewing | $344K | $555K | −$211K | $100K | 990 PDF |
| FY2021 | $951K | $927K | $24K | $311K | 990 PDF |
| FY2020 | $1.5M | $1.3M | $168K | $308K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $343,555 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 3 to look at
Part VIII · Statement of revenue $343,555 across 5 lines filed
Part IX · Statement of functional expenses $554,606 across 13 lines filed
Part X · Balance sheet $219,808 assets, 10 lines filed
Part XI · Reconciliation of net assets $100,243 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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