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B Charitable INC

Tax-deductible

Birmingham, AL501(c)(3)Foundations & GrantmakersEIN 85-2280049Revenue $2.6M in FY2024

On file with the IRS412 Cliff Pl, 35209-5202 · Birmingham, ALTax-exempt since Nov 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The corporate is organized and shall be operated exclusively for charitable purposes as set forth in Sectin 501 (c)(3)such as making distributions to organizatons that are recognized as exempt from federal income tax under Code Seciotn 501 (c)(3).

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
4 of 4
filings with a surplus
Average surplus $695K a year · 54% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
48 mo
of spending, in cash
Looks good: 47.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $128K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+132% vs prior year
Spent
$745K
To programs
100%
Net assets
$2.9M
By yearFY2021–FY2024
Revenue
$2.6M
FY2024▲ +132%
Tap a bar for its year
Revenue by fiscal year
FY2021$424K
FY2022$1.0M
FY2023$1.1M
FY2024$2.6M
Expenses
$745K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$129K
FY2022$720K
FY2023$768K
FY2024$745K
Net assets
$2.9M
FY2024▲ +213%
Tap a bar for its year
Net assets by fiscal year
FY2021$301K
FY2022$593K
FY2023$942K
FY2024$2.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $745K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jonathan L Shugart
Vice President and Secretary
$0Pt VII · Sec A
Jonathan Shugart JR
President and Treasurer
$0Pt VII · Sec A
See B Charitable INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes funds to other charitable organizations.

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Provided by the organization

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1 program · $745K · in their own filed words · FY2024
01

To Facilitate and increase individual support for Charitable organizations. Over $700,000 was granted to public charities, religious organizations, and private operating foundations.

$745Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$92K
Natl Christian Charitable Fdn INCFY2024$27K
Raymond James Charitable Endowment FundFY2024$9K
Total grants receivedfrom 3 funders$128K
See all 3 funders →
Grants paid · 53 grants · $1.1M · 2021–2024
Cahaba Park Church PcaAL · FY2024$244,681
Redeemer Community ChurchFY2024$38,400
Mountain Brook Community ChurchFY2024$35,000
Triumph of HopeAL · FY2024$25,000
Third Lens CorporationGA · FY2024$20,000
First Presbyterian ChurchFL · FY2024$15,500
Refuge 1212 INCAL · FY2024$15,000
Cornerstone Schools of Alabama INCAL · FY2024$15,000
Eart Path EducationFY2024$15,000
Mwana Villages US INCAL · FY2024$12,500
Brookwood Baptist ChurchFY2024$12,041
Cathedral Church of the AdventAL · FY2024$12,000
Not Forgotten INCAL · FY2024$10,975
Urban HopeAL · FY2024$10,000
Magic City WoodworksAL · FY2024$10,000
Alabama Baptist Childrens Home and Family MinistriesAL · FY2024$10,000
Evangelical Alliance MissionIL · FY2024$10,000
African Children's Mission INCAL · FY2024$10,000
See all 53 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.6M
Investment incomeLn 3$37K
Money outPt IX
$745K
Ln 25
Programscol B$745K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Noncash giftsLn 1g$1.1M
Investment incomeLn 3$37K
Gains on assetsLn 7−$3K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$2.9M
Cash and savings togetherLn 1–2$2.9M
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$944K$2.9M
Total assetsLn 16$948K$2.9M
LiabilitiesLn 26$6K$0
Net assetsLn 32$942K$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$709K$709K
Accounting feesLn 11c$1K$1K
Information technologyLn 14$32K$32K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$745K$745K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.6M$745K$1.8M$2.9M 990 PDF
FY2023 $1.1M$768K$349K$942K 990 PDF
FY2022 $1.0M$720K$292K$593K 990 PDF
FY2021 $424K$129K$295K$301K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,590,220 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,002,003$2,553,197
I-9 Program service revenue$0
I-10 Investment incomePrior year $115,503$37,023
I-11 Other revenue$0
I-12 Total revenuePrior year $1,117,506$2,590,220
I-13 Grants and similar amounts paidPrior year $747,983$709,202
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,410$35,376
I-18 Total expensesPrior year $768,393$744,578
I-19 Revenue less expensesPrior year $349,113$1,845,642
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,590,220 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,553,197
VIII-1g Noncash contributions (included above)$1,105,668
VIII-1h Total contributions, gifts and grants$2,553,197
VIII-3 Investment incomeRelated to mission $39,621$39,621
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,598−$2,598
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $37,023 · Unrelated business $0 · Excluded from tax $0$2,590,220
Part IX · Statement of functional expenses $744,578 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $709,202$709,202
IX-11c Accounting feesPrograms $1,470$1,470
IX-14 Information technologyPrograms $32,142$32,142
IX-24 Other expenses (24a–d)Programs $1,764$1,764
IX-25 Total functional expensesPrograms $744,578 · Management $0 · Fundraising $0$744,578
Part X · Balance sheet $2,948,518 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $944,159$2,948,185
X-3 Pledges and grants receivableStart of year $4,053$333
X-16 Total assetsStart of year $948,212$2,948,518
X-26 Total liabilitiesStart of year $5,815$0
X-27 Net assets without donor restrictionsStart of year $942,397$2,948,518
X-32 Total net assets or fund balancesStart of year $942,397$2,948,518
X-33 Total liabilities and net assetsStart of year $948,212$2,948,518
Part XI · Reconciliation of net assets $2,948,518 net assets at year end
XI-1 Total revenue$2,590,220
XI-2 Total expenses$744,578
XI-3 Revenue less expenses$1,845,642
XI-4 Net assets at start of year$942,397
XI-5 Net unrealized gains (losses) on investments$81,524
XI-9 Other changes in net assets$78,955
XI-10 Net assets at end of year$2,948,518

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

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