Nonprofit · EIN 63-1126742
ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC
Tax-exempt · BIRMINGHAM, AL 35233
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,831,031 | $3,334,671 | -$503,640 | $7,249,620 | $882,276 | $6,367,344 |
| December 31, 2023 | 990 | $1,910,409 | $2,916,439 | -$1,006,030 | $6,973,983 | $135,552 | $6,838,431 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,596,176
- of which government grants
- $1,418,334
- Program service revenue
- $67,159
- Investment income
- $167,696
- Net gain from sales of assets
- $8,381
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $292,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $15,309
- Depreciation
- $192,421
- Program services (functional)
- $2,595,497
- Management and general (functional)
- $735,040
- Fundraising (functional)
- $4,134
Balance sheet and other
- Total assets, start of year
- $6,973,983
- Total assets, end of year
- $7,249,620
- Total liabilities, end of year
- $882,276
- Net assets, end of year
- $6,367,344
- Land, buildings and equipment
- $691,228
- Publicly traded securities
- $2,655,662
- Net assets without donor restrictions
- $4,555,639
- Net assets with donor restrictions
- $1,811,705
- Gross receipts
- $3,520,286
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MILLER GIRVIN | PRESIDENT Officer | 4 | $0 | $264,658 | $37,638 |
| STEVE SEWELL | EXECUTIVE VICE PRESIDENT Officer | 4 | $0 | $190,140 | $35,095 |
| LAUREN HYDE | VICE PRESIDENT Officer | 1 | $0 | $203,797 | $14,738 |
| KATHERINE HUGHES | VP - INNOVATION & ENTREPRENEURSHIP Officer | 40 | $0 | $135,672 | $27,660 |
| BAKARI MILLER | VICE PRESIDENT Officer | 1 | $0 | $142,705 | $16,932 |
| JAMES H SANFORD | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL CHAMBERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CARTER WELLS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LIZ PHARO | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LEIGH DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DEL SMITH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BOB POWERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVE SEWELL | EXECUTIVE VICE PRESIDENT Officer | 4 | $0 | $224,082 | $32,000 |
| MILLER GIRVIN | EXECUTIVE VICE PRESIDENT Officer | 38 | $0 | $225,100 | $28,442 |
| LAUREN HYDE | VICE PRESIDENT Officer | 1 | $0 | $185,479 | $8,812 |
| KATHERINE HUGHES | VICE PRESIDENT Officer | 40 | $0 | $136,828 | $27,094 |
| BAKARI MILLER | VICE PRESIDENT Officer | 1 | $0 | $140,890 | $14,149 |
| JAMES H SANFORD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL CHAMBERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BOB POWERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS R STANTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CARTER WELLS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LIZ PHARO | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LEIGH DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DEL SMITH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| GREG BARKER | PRESIDENT Officer | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1320 1ST AVE S, BIRMINGHAM, AL 35233-1431
- In care of
- % DAVID BROWN
- Principal officer (990 for 2024)
- MILLER GIRVIN, 1320 1ST AVENUE SOUTH, BIRMINGHAM, AL 35233
- Signed the 990
- MILLER GIRVIN, PRESIDENT
- Phone
- (205) 943-4706
- Return prepared by
- MAULDIN & JENKINS LLC
Mission
SUPPORTING ORGANIZATION FOR ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA, INC.
Program accomplishments
- ALABAMA LAUNCHPAD IS A PROGRAM OF THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION, A 501(C)(3) ORGANIZATION. THROUGH A PROOF OF CONCEPT COMPETITION, A SEED STAGE COMPETITION, REGIONAL COMPETITIONS, IMERGE NETWORKING EVENTS AND DATA INSIGHTS REPORTS, ALABAMA LAUNCHPAD PROVIDES A FRAMEWORK FOR INDIVIDUALS IN THE STATE TO LOCATE INNOVATIONS, DEVELOP THEIR BUSINESS IDEAS AND CONNECT TO A NETWORK OF EXPERTS, INVESTORS AND SERVICE PROVIDERS THAT CAN INCREASE THE ODDS OF SUCCESS. ALABAMA LAUNCHPAD PROVIDES UNIQUE OPPORTUNITIES TO OBTAIN START-UP CAPITAL, RECEIVE EXPERT GUIDANCE AND ESTABLISH WORKING RELATIONSHIPS WITHIN THE BUSINESS, ACADEMIC AND INVESTMENT CAPITAL COMMUNITIES. ALABAMA LAUNCHPAD ALSO PROVIDES NETWORKING VENUES THROUGHOUT THE STATE TO PUT THE SPOTLIGHT ON STARTUP SUCCESSES.Expenses $2,595,497 · grants $292,500 · revenue $234,855
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 63-1126742
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $7,249,620
- Income (IRS master file)
- $3,520,286
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,831,031 | $3,334,671 | $7,249,620 | XML |
| 990 | December 2023 | $1,910,409 | $2,916,439 | $6,973,983 | XML |
| 990 | December 2022 | $7,073,213 | $2,676,636 | $7,740,851 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 63-1126742).
Questions about ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC
- What is the EIN of ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC is 63-1126742.
- Is ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MILLER GIRVIN.
- Who are the officers and directors of ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,831,031, expenses of $3,334,671 and total assets of $7,249,620 at year end.
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