Nonprofit · EIN 88-4392155
ALABAMA BLACKBELT SCHOLARS INCORPORATED
Tax-exempt · MONTGOMERY, AL 36117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $464,056 | $706,000 | -$241,944 | $379,667 | $0 | $379,667 |
| December 31, 2023 | 990 | $1,106,675 | $485,064 | $621,611 | $621,611 | $0 | $621,611 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $464,056
- of which government grants
- $464,056
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $471
- Travel
- $112,241
- Program services (functional)
- $468,717
- Management and general (functional)
- $237,283
Balance sheet and other
- Total assets, start of year
- $621,611
- Total assets, end of year
- $379,667
- Total liabilities, end of year
- $0
- Net assets, end of year
- $379,667
- Net assets without donor restrictions
- $379,667
- Gross receipts
- $464,056
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- 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 |
|---|---|---|---|
| KARLA COSBY | EXECUTIVE DIRECTOR Trustee or director, Key employee | 1 | $42,331 |
| MARVIN WIGGINS | CHAIR Trustee or director, Officer | 1 | $0 |
| LEVELLAN RHONE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DR CHARLES WOODS | DIRECTOR Trustee or director | 1 | $0 |
| MARSHAE PELT | DIRECTOR Trustee or director | 1 | $0 |
| TERRI REYNOLDS | DIRECTOR/BOARD COUNSEL Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARLA COSBY | EXECUTIVE DIRECTOR Trustee or director, Key employee | 1 | $50,000 |
| MARVIN WIGGINS | CHAIR Trustee or director, Officer | 1 | $0 |
| LEVELLAN RHONE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DR CHARLES WOODS | DIRECTOR Trustee or director | 1 | $0 |
| MARSHAE PELT | DIRECTOR Trustee or director | 1 | $0 |
| TERRI REYNOLDS | DIRECTOR/BOARD COUNSEL Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9164 EAST CHASE PARKWAY BOX 185, MONTGOMERY, AL 36117-6883
- Mailing address (990-N for 2022)
- 7020 FAIR PARK DRIVE SUITE 1, MONTGOMERY AL 36117
- Principal officer (990 for 2024)
- MARVIN WIGGINS, 9164 EAST CHASE PARKWAY BOX 185, MONTGOMERY, AL 36104
- Principal officer (990-N for 2022)
- KARLA COSBY, 18650 HIGWAY 14, MARION AL 36756
- Signed the 990
- MARVIN WIGGINS, BOARD CHAIR
- Phone
- (334) 279-5064
- Return prepared by
- BANKS FINLEY WHITE & CO
Mission
TO PROVIDE STEM EDUCATION TO CHILDREN IN UNDERSERVED COMMUNITIES, SUPPORT THEIR FAMILIES, AND CREATE AN EQUITABLE ENVIRONMENT FOR ALL TO RECEIVE A QUALITY EDUCATION AND REACH THEIR FULL POTENTIAL.
Program accomplishments
- CONDUCTED THE ABS ACHIEVEMENT ACADEMY PREPARING STUDENTS FOR STATE TESTING IN ENGLISH LANGUAGE ARTS AND MATH, OFFERING STUDENTS A COMPREHENSIVE CIRRICULUM AND NURTURING ENVIRONMENT DESIGNED TO PREPARE THEM FOR THE ALABMA COMPREHENSIVE ASSESSMENTExpenses $95,739
- CONDUCTED SUMMER STEM CAMP, FOCUSING ON INTENSIVE STEM, FINANCIAL LITERACY, AND ENTREPRENEURSHIPExpenses $372,978
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
- 88-4392155
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $379,667
- Income (IRS master file)
- $464,056
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $464,056 | $706,000 | $379,667 | XML |
| 990 | December 2023 | $1,106,675 | $485,064 | $621,611 | IRS |
| 990-N for 2022 Officer: KARLA COSBY | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-4392155).
Questions about ALABAMA BLACKBELT SCHOLARS INCORPORATED
- What is the EIN of ALABAMA BLACKBELT SCHOLARS INCORPORATED?
- The employer identification number (EIN) of ALABAMA BLACKBELT SCHOLARS INCORPORATED is 88-4392155.
- Is ALABAMA BLACKBELT SCHOLARS INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to ALABAMA BLACKBELT SCHOLARS INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALABAMA BLACKBELT SCHOLARS INCORPORATED 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 ALABAMA BLACKBELT SCHOLARS INCORPORATED 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 ALABAMA BLACKBELT SCHOLARS INCORPORATED 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 ALABAMA BLACKBELT SCHOLARS INCORPORATED?
- The 990 for the year ended December 31, 2024 names MARVIN WIGGINS.
- Who are the officers and directors of ALABAMA BLACKBELT SCHOLARS INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $42,331 (KARLA COSBY, EXECUTIVE DIRECTOR).
- How much revenue does ALABAMA BLACKBELT SCHOLARS INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $464,056, expenses of $706,000 and total assets of $379,667 at year end.
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