Civic Intelligence

Alabama Asset Building Coalition

990 • Fiscal year 2014 • EIN 27-0193257

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

Organization Profilewww.alabamaabc.org
601 19th Street North 2nd FloorBirmingham, AL 35203

(205) 731-4000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.14x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

0.06x

Higher debt load relative to revenue than 77% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

83rd percentile

27%

Higher net margin than 83% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

95th percentile

$64,800

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

90th percentile

87%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

78th percentile

30%

Faster revenue growth than 78% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$180,480

Up $84,070 (+87%) from 2013

Net Assets

Up

$155,123

Up $111,249 (+254%) from 2013

Liabilities

Down

$25,357

Down $27,179 (-52%) from 2013

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin83rd percentile

Revenue

Up

$405,235

Up $93,231 (+30%) from 2013

Expenses

Down

$293,986

Down $53,754 (-15%) from 2013

Net Income

Up

$111,249

Up $146,985 (+411%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $29,008Liabilities 2010: $0Net Assets 2010: $29,0082010Assets 2011: $35,749Liabilities 2011: $0Net Assets 2011: $35,7492011Assets 2012: $84,387Liabilities 2012: $4,777Net Assets 2012: $79,6102012Assets 2013: $96,410Liabilities 2013: $52,536Net Assets 2013: $43,8742013Assets 2014: $180,480Liabilities 2014: $25,357Net Assets 2014: $155,1232014Assets 2015: $264,899Liabilities 2015: $116Net Assets 2015: $264,7832015Assets 2016: $226,238Liabilities 2016: $5,553Net Assets 2016: $220,6852016Assets 2017: $170,783Liabilities 2017: $0Net Assets 2017: $170,7832017Assets 2018: $192,981Liabilities 2018: $0Net Assets 2018: $192,9812018Assets 2019: $156,763Liabilities 2019: $0Net Assets 2019: $156,7632019Assets 2020: $199,047Liabilities 2020: $0Net Assets 2020: $199,0472020Assets 2021: $220,589Liabilities 2021: $0Net Assets 2021: $220,5892021Assets 2022: $212,956Liabilities 2022: $0Net Assets 2022: $212,9562022Assets 2023: $198,408Liabilities 2023: $0Net Assets 2023: $198,4082023Assets 2024: $135,132Liabilities 2024: $0Net Assets 2024: $135,1322024

Highlighted filing

2014

Assets$180,480
Liabilities$25,357
Net Assets$155,123
Open 2014 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $60,000Expenses 2010: $31,742Net Income 2010: $28,2582010Expenses 2011: $227,2422011Expenses 2012: $232,7962012Revenue 2013: $312,004Expenses 2013: $347,740Net Income 2013: -$35,7362013Revenue 2014: $405,235Expenses 2014: $293,986Net Income 2014: $111,2492014Revenue 2015: $451,128Expenses 2015: $341,468Net Income 2015: $109,6602015Revenue 2016: $148,208Expenses 2016: $192,306Net Income 2016: -$44,0982016Revenue 2017: $112,236Expenses 2017: $162,138Net Income 2017: -$49,9022017Revenue 2018: $190,710Expenses 2018: $159,103Net Income 2018: $31,6072018Revenue 2019: $104,780Expenses 2019: $149,592Net Income 2019: -$44,8122019Revenue 2020: $170,016Expenses 2020: $144,853Net Income 2020: $25,1632020Revenue 2021: $176,422Expenses 2021: $154,880Net Income 2021: $21,5422021Revenue 2022: $156,723Expenses 2022: $164,356Net Income 2022: -$7,6332022Revenue 2023: $155,889Expenses 2023: $170,437Net Income 2023: -$14,5482023Revenue 2024: $50,178Expenses 2024: $113,454Net Income 2024: -$63,2762024

Highlighted filing

2014

Revenue$405,235
Expenses$293,986
Net Income$111,249
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$405,235
Mission and Program Overview

Mission

The Mission of the Alabama Asset Building Coalition is to promote financial stability and self-sufficiency for low wealth individuals and families.

The mission of the Alabama Asset Building Coalition is to promote and support programs, policies, and initiatives that lead to asset building and economic security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$94,897$179,067▲ $84,170
Land, Buildings, and Equipment, Net$1,513$1,413▼ $100
Total Assets$96,410$180,480▲ $84,070
Liabilities
Grants Payable$43,500$16,250▼ $27,250
Accounts Payable and Accrued Expenses$9,036$9,107▲ $71
Total Liabilities$52,536$25,357▼ $27,179
Net Assets / Fund Balance
Unrestricted Net Assets$43,874$107,142▲ $63,268
Temporarily Rstr Net Assets$0$47,981▲ $47,981
Total Net Assets Fund Balance$43,874$155,123▲ $111,249
Total Liabilities and Net Assets / Fund Balance$96,410$180,480▲ $84,070

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,413$5,621$7,034
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael MilnerExecutive DirectorFT$64,800$64,800

Board Members and Trustees

NameTitle
Eunice RogersChairman
John WhitfieldVice Chairman
Baron SandlinAdvisor
Danny PattersonMember
DeForrest BrownMember
Felicia JonesMember
Gena Gunn McClendonMember
John ZippertMember
Kenneth WalkerMember
Lee LoderMember
Ron GilbertMember
Warren RobinsonMember
Dr Bernice WilsonSecretary
Heidi SchoonoverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$405,225
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$0
All Other Contributions
$405,225
Change in Net Assets
$111,249

Audited Revenue Reconciliation

Revenue per Audited Statements
$150,934
Revenue Not Reported on Financial Statements
$254,301
Revenue Not Reported on Form 990
$206,320
Other Revenue Adjustments
$254,301
Total Revenue per Audited Statements
$357,254
Total Revenue per Form 990
$405,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$158,079
Other Expenses$74,178
Grants and Similar Amounts Paid$53,029
Professional Fundraising Fees$8,700
Total Fundraising Expense$8,700

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$51,840$12,960-$64,800
Comp Disqual Persons$57,818$6,424-$64,242
Grants to Domestic Orgs$53,029--$53,029
Other Employee Benefits$15,804$3,377-$19,181
Travel$13,557$1,387-$14,944
Occupancy$11,714$2,929-$14,643
Payroll Taxes$7,885$1,971-$9,856
Conferences and Meetings$8,725$881-$9,606
Fees for Services Professional Fundraising--$8,700$8,700
Office Expenses$6,843$1,412-$8,255
Fees for Services Accounting$5,600$1,400-$7,000
Advertising$6,092$677-$6,769
Insurance$1,634$408-$2,042
Information Technology$1,680--$1,680
Depreciation Depletion$845$211-$1,056
Other Expenses$332$83-$415
Total Functional Expenses$248,906$36,380$8,700$293,986

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$293,986
Total Expenses per Audited Statements$293,986
Total Expenses per Form 990$293,986
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Life IncHuntsville, AL-To carry out the VITA program.$8,000
NRS Community Development Federal Credit UnionBirmingham, AL-To carry out the asset policy education initiative.$7,500
Collaborative SolutionsBirmingham, AL-To carry out the asset policy education initiative.$5,000
Society for Financial Education & Professional DevelopmentAlexandria, VA-To carry out the financial education initiative by providing freshman financial forums.$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$8,700
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“Before the 990 is filed, an electronic copy of the entire 990 is provided to each board member. Each board member reviews the entire 990 and provides questions to the Exectuive Director who then communicates these questions to the Organzization's Form 990 preparer. Once all questions are answered, the board members electronically approve the Form 990 and it is submitted to the Internal Revenue Service.”

Form 990, Part VI, Section B, line 12C

“Each director, principal officer, and member of a committee with governing board-delegated powers sign a Conflict of Interest statement.”

Form 990, Part VI, Section B, line 15

“The Executive Director is responsible for making a recommendation to the full board regarding compensation. The board is responsible for making a recommendation about funding of compensation. The policy of the foundation is to provide a compensation program that reflects the relative size and type of organization of which it is a part and which will accomplish the foundations mission and tax-exempt purpose without causing any part of the foundations net earnings to inure to the private benefit of an individual or group of individuals.”

Form 990, Part VI, Section C, line 19

“Upon request.”

Filing and Contact Details

Filer

Filer Name
Alabama Asset Building Coalition
EIN
27-0193257
Phone
2057314000
Address
601 19th Street North 2nd Floor, Birmingham, AL 35203

Signing Officer

Name
Michael Milner
Title
Executive Director
Phone
2057314000
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Milner
Formed
2009
Legal Domicile
Al
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
0

Preparer

Firm
L Paul Kassouf & Co PC
Address
2208 University Boulevard, Birmingham, AL 35233-2393
Preparer
David P Kassouf
Phone
2054432500
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Company adopted the provisions of FASB ASC 740-10-25, which prescribes a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns. FASB ASC 740-10-25 also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. The Company does not have any accruals for uncertain tax positions as of December 31, 2013 and 2012. It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date.”

Part XI, Line 2D - Other Adjustments:

“Net assets released from restrictions”

Part XI, Line 4B - Other Adjustments:

“Temporarily restricted grants”

Part XI - Line 2D

“$206,320 is a reconciling item for net assets released from restrictions.”

Part XI - Line 4B

“$254,301 is a reconciling item for temporarily restricted grants.”

Raw XML AppendixShowing 400 of 500 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt09036
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09107
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The mission of the Alabama Asset Building Coalition is to promote and support programs, policies, and initiatives that lead to asset building and economic security.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0677
IRS990/AdvertisingGrp/ProgramServicesAmt06092
IRS990/AdvertisingGrp/TotalAmt06769
IRS990/AllOtherContributionsAmt0405225
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Michael Milner
IRS990/BooksInCareOfDetail/PhoneNum02058337270
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 11172
IRS990/BooksInCareOfDetail/USAddress/CityNm0Birmingham
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd035202
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt094897
IRS990/CashNonInterestBearingGrp/EOYAmt0179067
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt012960
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt051840
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt064800
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt06424
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt057818
IRS990/CompDisqualPersonsGrp/TotalAmt064242
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0881
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt08725
IRS990/ConferencesMeetingsGrp/TotalAmt09606
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0405225
IRS990/CYGrantsAndSimilarPaidAmt053029
IRS990/CYInvestmentIncomeAmt010
IRS990/CYOtherExpensesAmt074178
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0111249
IRS990/CYSalariesCompEmpBnftPaidAmt0158079
IRS990/CYTotalExpensesAmt0293986
IRS990/CYTotalFundraisingExpenseAmt08700
IRS990/CYTotalProfFndrsngExpnsAmt08700
IRS990/CYTotalRevenueAmt0405235
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0211
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0845
IRS990/DepreciationDepletionGrp/TotalAmt01056
IRS990/Desc0Through the financial education initiative program, the Organization is helping to conduct "train the trainer" programs; training nonprofit groups, financial institutions, churches, government agencies, college universities and other to teach financial education to the community. The program is also targeting the Alabama Colleges and Universities through Freshman Financial Forums to teach basic banking education, the proper use of credit cards and the dangers of "identity theft".
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0112938
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01400
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt05600
IRS990/FeesForServicesAccountingGrp/TotalAmt07000
IRS990/FeesForServicesProfFundraising/FundraisingAmt08700
IRS990/FeesForServicesProfFundraising/TotalAmt08700
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.30
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Milner
IRS990/Form990PartVIISectionAGrp/PersonNm1Eunice Rogers
IRS990/Form990PartVIISectionAGrp/PersonNm2John Whitfield
IRS990/Form990PartVIISectionAGrp/PersonNm3Heidi Schoonover
IRS990/Form990PartVIISectionAGrp/PersonNm4Dr Bernice Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm5Warren Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm6Kenneth Walker
IRS990/Form990PartVIISectionAGrp/PersonNm7Danny Patterson
IRS990/Form990PartVIISectionAGrp/PersonNm8John Zippert
IRS990/Form990PartVIISectionAGrp/PersonNm9Gena Gunn McClendon
IRS990/Form990PartVIISectionAGrp/PersonNm10DeForrest Brown
IRS990/Form990PartVIISectionAGrp/PersonNm11Lee Loder
IRS990/Form990PartVIISectionAGrp/PersonNm12Ron Gilbert
IRS990/Form990PartVIISectionAGrp/PersonNm13Felicia Jones
IRS990/Form990PartVIISectionAGrp/PersonNm14Baron Sandlin
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt064800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Advisor
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt022900
IRS990/GrantsPayableGrp/BOYAmt043500
IRS990/GrantsPayableGrp/EOYAmt016250
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt053029
IRS990/GrantsToDomesticOrgsGrp/TotalAmt053029
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0405235
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt01680
IRS990/InformationTechnologyGrp/TotalAmt01680
IRS990/InsuranceGrp/ManagementAndGeneralAmt0408
IRS990/InsuranceGrp/ProgramServicesAmt01634
IRS990/InsuranceGrp/TotalAmt02042
IRS990/InvestmentIncomeGrp/ExclusionAmt010
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05621
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01513
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01413
IRS990/LandBldgEquipCostOrOtherBssAmt07034
IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Alabama Asset Building Coalition (AABC) is a statewide collaborative to promote financial stability for individuals and families. By encouraging savings, financial education and other wealth building programs, the coalition strives to build an economic foundation that will allow the underserved residents in Alabama to reach their highest potential and strengthen their financial future. We are composed of non-profits, community action, & community development agencies, United Ways, federal and state government and banking regulatory agencies, and financial institutions that have joined together to achieve shared goals and objectives for the citizens of Alabama.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt043874
IRS990/NetAssetsOrFundBalancesEOYAmt0155123
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02929
IRS990/OccupancyGrp/ProgramServicesAmt011714
IRS990/OccupancyGrp/TotalAmt014643
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01412
IRS990/OfficeExpensesGrp/ProgramServicesAmt06843
IRS990/OfficeExpensesGrp/TotalAmt08255
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03377
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015804
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019181
IRS990/OtherExpensesGrp/Desc0Board and staff develop
IRS990/OtherExpensesGrp/Desc1Predatory lending educa
IRS990/OtherExpensesGrp/Desc2Other expenses
IRS990/OtherExpensesGrp/Desc3Memberships and Dues
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0627
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11633
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt283
IRS990/OtherExpensesGrp/ProgramServicesAmt02508
IRS990/OtherExpensesGrp/ProgramServicesAmt13000
IRS990/OtherExpensesGrp/ProgramServicesAmt2332
IRS990/OtherExpensesGrp/TotalAmt03135
IRS990/OtherExpensesGrp/TotalAmt13000
IRS990/OtherExpensesGrp/TotalAmt21633
IRS990/OtherExpensesGrp/TotalAmt3415
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01971
IRS990/PayrollTaxesGrp/ProgramServicesAmt07885
IRS990/PayrollTaxesGrp/TotalAmt09856
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Michael Milner
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Alabama Asset Building Coalition supports IRS's Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs by providing a statewide support network, promoting the use of VITA and TCE sites to the public.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt068378
IRS990/ProgSrvcAccomActy2Grp/GrantAmt026128
IRS990/ProgSrvcAccomActy3Grp/Desc0Alabama Asset Building Coalition (AABC) is working to expand its Alabama constituency by dividing the state into regions and establishing a coalition in each region. This will allow local communities and stakeholders to discusss and plan targeted asset building strategies for specific segments of their community. AABC supports these regional coalitions by organizing periodic meetings and regional asset building conferences.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt023999
IRS990/ProgSrvcAccomActyOtherGrp/Desc0The Bank on Alabama program allows Alabama Asset Building Coalition to work together with financial partners and local communities to implement a statewide strategy to lower the number of the unbanked individuals throughout the State.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Alabama Asset Building Coalition supports the use of individual development accounts (IDAs)which are designed to purchase a home, capitalize a small business, or to assist in the purchase of a post-secondary education, by partnering with the United Way of Central Alabama to coordinate the state programs for IDAs.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt023430
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt120161
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt02618
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt11383
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0312001
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt095714
IRS990/PYInvestmentIncomeAmt03
IRS990/PYOtherExpensesAmt094931
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-35736
IRS990/PYSalariesCompEmpBnftPaidAmt0157095
IRS990/PYTotalExpensesAmt0347740
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0312004
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0111249
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0405225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0312001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0276657
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0233983
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt060000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01287866
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01287866
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0405225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0312001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0276657
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0233983
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt060000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01287866
IRS990ScheduleA/TotalSupportAmt01287880
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0293986
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01413
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05621
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07034
IRS990ScheduleD/OtherRevenueAmt0206320
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0254301
IRS990ScheduleD/RevenueNotReportedAmt0206320
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0254301
IRS990ScheduleD/RevenueSubtotalAmt0150934
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Company adopted the provisions of FASB ASC 740-10-25, which prescribes a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns. FASB ASC 740-10-25 also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. The Company does not have any accruals for uncertain tax positions as of December 31, 2013 and 2012. It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Net assets released from restrictions
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Temporarily restricted grants
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3$206,320 is a reconciling item for net assets released from restrictions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4$254,301 is a reconciling item for temporarily restricted grants.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XI - Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XI - Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01413
IRS990ScheduleD/TotalExpensesPerForm990Amt0293986
IRS990ScheduleD/TotalRevenuePerForm990Amt0405235
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0357254
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0293986
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05000
IRS990ScheduleI/RecipientTable/CashGrantAmt18000
IRS990ScheduleI/RecipientTable/CashGrantAmt25000
IRS990ScheduleI/RecipientTable/CashGrantAmt37500
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To carry out the asset policy education initiative.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To carry out the VITA program.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2To carry out the financial education initiative by providing freshman financial forums.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3To carry out the asset policy education initiative.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Collaborative Solutions
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Life Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Society for Financial Education & Professional Development
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3NRS Community Development Federal Credit Union
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 130159
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11403 Yukon Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2500 Montgomery St Ste 400
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 130520
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Huntsville
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Alexandria
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Birmingham
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3AL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd035205
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd135816

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$180,480
Liabilities
$25,357
Net assets
$155,123
Revenue
$405,235
Expenses
$293,986
Net income
$111,249
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.50$1.13$0.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.00$1.98$1.56$1.70$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.00$2.13$1.57$1.64$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.00$2.21$1.76$1.55$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.00$1.99$1.70$1.45$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.00$1.57$1.05$1.50$0.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.93$0.00$1.93$1.91$1.59$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.00$1.71$1.12$1.62$0.50
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.06$2.21$1.48$1.92$0.44
2015Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$4.51$3.41$1.10
2014Detailed filing. Detailed filing data is available for this year.$1.80$0.25$1.55$4.05$2.94$1.11
2013Detailed filing. Detailed filing data is available for this year.$0.96$0.53$0.44$3.12$3.48$0.36
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.05$0.80$2.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$2.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.60$0.32$0.28