Birmingham Bound INC

Birmingham, ALUnknown exempt organizationSince 2022EIN 88-0545216

Birmingham bound is an initiative to build up the tech ecosystem in our city and make birmingham the place to grow and scale a tech company. We work to bring more tech companies to birmingham, and we help companies already here continue to thrive by connecting them with key leaders and innovators in our tech-forward, entrepreneurial and obnoxiously supportive community.

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $155K a year · 41% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$0
Net assets
$0
By yearFY2022–FY2025
Revenue
$0
FY2025▼ -100%
Revenue by fiscal year
FY2022$320K
FY2023$1.0M
FY2024$153K
FY2025$0
Expenses
$0
FY2025▼ -100%
Expenses by fiscal year
FY2022$46K
FY2023$303K
FY2024$550K
FY2025$0
Net assets
$0
FY2025▼ -100%
Net assets by fiscal year
FY2022$274K
FY2023$1.0M
FY2024$675K
FY2025$0

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Maria Underwood$93,333$140,000$23,086

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 15aYes

Programs and updates

Builds up the tech ecosystem, making Birmingham a hub for growing companies.

Provided by the organization

This section is blank until Birmingham Bound INC claims this page.

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1 program service, described in the organization's own filed words · FY2025.
01

Birmingham bound is an initiative to build up the tech ecosystem in our city and make birmingham the place to grow and scale a tech company. We work to bring more tech companies to birmingham, and we help companies already here continue to thrive by connecting them with key leaders and innovators in our tech-forward, entrepreneurial and…

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$0
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$677K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$677K$0
LiabilitiesLn 26$1K$0
Net assetsLn 32$675K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $0$0$0$0 990 PDF
FY2024 $153K$550K−$397K$675K 990 PDF
FY2023 $1.0M$303K$741K$1.0M 990 PDF
FY2022 $320K$46K$274K$274K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $50,253$0
X-2 Savings and temporary cash investmentsStart of year $626,272$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $676,525$0
X-17 Accounts payable and accrued expensesStart of year $1,184$0
X-26 Total liabilitiesStart of year $1,184$0
X-27 Net assets without donor restrictionsStart of year $675,341$0
X-32 Total net assets or fund balancesStart of year $675,341$0
X-33 Total liabilities and net assetsStart of year $676,525$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$0
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$675,341
XI-9 Other changes in net assets−$675,341
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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