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Nonprofit · EIN 84-2830568

BIRMINGHAM PROMISE INC

Tax-exempt · BIRMINGHAM, AL 35203

Financials

$8M$7.1M2023$15.6M$7.2M2024
Revenue Expenses · by fiscal year end
Financials of BIRMINGHAM PROMISE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$15,625,892$7,246,613$8,379,279$23,591,576$1,071,795$22,519,781
December 31, 2023990$7,953,999$7,059,264$894,735$12,741,689$18,790$12,722,899
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$14,869,189
of which government grants
$3,318,892
Program service revenue
$157,142
Investment income
$599,211
Other revenue
$350

Expenses

Grants and similar amounts paid
$3,650,160
Compensation of officers, directors and key employees
$174,059
Other salaries and wages
$1,296,281
Salaries, compensation and benefits (total)
$1,915,043
Professional fundraising fees
$0
Legal fees
$49,550
Accounting fees
$34,580
Occupancy
$50,489
Travel
$49,794
Depreciation
$42,534
Program services (functional)
$5,519,963
Management and general (functional)
$1,634,573
Fundraising (functional)
$92,077

Balance sheet and other

Total assets, start of year
$12,741,689
Total assets, end of year
$23,591,576
Total liabilities, end of year
$1,071,795
Net assets, end of year
$22,519,781
Land, buildings and equipment
$85,185
Net assets without donor restrictions
$10,580,386
Net assets with donor restrictions
$11,939,395
Gross receipts
$15,625,892
Employees
25
Volunteers
0
Year formed
2019
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.

NameTitleHours / weekCompensationOther / benefits
Samantha WilliamsExecutive Director
Officer
40$174,059$14,580
Will ClarkDirector
Trustee or director
1$0$0
Mayor Randall WoodfinEx-Officio Director
Trustee or director
1$0$0
Ralph WilliamsDirector
Trustee or director
1$0$0
Dr Mark SullivanDirector
Trustee or director
1$0$0
Khadijah AbdullahDirector
Trustee or director
1$0$0
Cathy Sloss JonesDirector
Trustee or director
1$0$0
Larry Thornton SrDirector
Trustee or director
1$0$0
Sara NewellEx-Officio Director
Trustee or director
1$0$0
Leroy AbrahamsEx-Officio Director
Officer
1$0$0
Josh CarpenterTreasurer
Officer
1$0$0
Danny McKinneyBoard Chairman
Officer
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
Samantha WilliamsExecutive Director
Officer
40$161,402$14,657
Will ClarkDirector
Trustee or director
1$0$0
Mayor Randall WoodfinEx-Officio Director
Trustee or director
1$0$0
Ralph WilliamsDirector
Trustee or director
1$0$0
Dr Mark SullivanDirector
Trustee or director
1$0$0
Khadijah AbdullahDirector
Trustee or director
1$0$0
Cathy Sloss JonesDirector
Trustee or director
1$0$0
Danny McKinneyDirector
Trustee or director
1$0$0
Larry Thornton SrDirector
Trustee or director
1$0$0
Sara NewellEx-Officio Director
Trustee or director
1$0$0
Rachel HarmonEx-Officio Director
Trustee or director
1$0$0
Leroy AbrahamsBoard Chairman
Officer
1$0$0
Josh CarpenterTreasurer
Officer
1$0$0

Address and contacts

Address (IRS master file)
1500 1ST AVE N, BIRMINGHAM, AL 35203-1865
In care of
% SARA NEWELL
Principal officer (990 for 2024)
Danny McKinney, 1500 1st Ave North R145, Birmingham, AL 35203
Signed the 990
Danny McKinney, Board Chair
Phone
(205) 843-5967
Return prepared by
Kassouf & Co Inc

Mission

Birmingham Promise supports and prepares every Birmingham City School student in achieving economic security, mobility, and prosperity by providing connections to high-quality work experiences and last-dollar tuition scholarships

990 for the year ended December 31, 2024

Program accomplishments

  • Birmingham Promise works to ensure that all of Birmingham's future talent is provided opportunity through last-dollar scholarships and workforce connections
    Expenses $3,650,160 · grants $3,650,160 · revenue $236,418
  • Expenses $1,869,803

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-2830568
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$23,591,576
Income (IRS master file)
$15,625,892

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$15,625,892$7,246,613$23,591,576IRS
990December 2023$7,953,999$7,059,264$12,741,689XML
990December 2022$6,387,834$4,823,104$11,865,752IRS
990December 2021–––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 84-2830568).

Questions about BIRMINGHAM PROMISE INC

What is the EIN of BIRMINGHAM PROMISE INC?
The employer identification number (EIN) of BIRMINGHAM PROMISE INC is 84-2830568.
Is BIRMINGHAM PROMISE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to BIRMINGHAM PROMISE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BIRMINGHAM PROMISE 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 BIRMINGHAM PROMISE 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 BIRMINGHAM PROMISE 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 BIRMINGHAM PROMISE INC?
The 990 for the year ended December 31, 2024 names Danny McKinney.
Who are the officers and directors of BIRMINGHAM PROMISE INC?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $174,059 (Samantha Williams, Executive Director).
How much revenue does BIRMINGHAM PROMISE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $15,625,892, expenses of $7,246,613 and total assets of $23,591,576 at year end.

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