Civic Intelligence

Alabama Asset Building Coalition

990 • Fiscal year 2017 • EIN 27-0193257

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

201 Beacon Parkway WestBirmingham, AL 35209

(334) 207-2743

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

9th percentile

-44%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

96th percentile

$70,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 62.4% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

18th percentile

-25%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-24%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$170,783

Down $55,455 (-25%) from 2016

Net Assets

Down

$170,783

Down $49,902 (-23%) from 2016

Liabilities

Down

$0

Down $5,553 (-100%) from 2016

Revenue

Down

$112,236

Down $35,972 (-24%) from 2016

Expenses

Down

$162,138

Down $30,168 (-16%) from 2016

Net Income

Down

-$49,902

Down $5,804 (-13%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$170,783
Liabilities$0
Net Assets$170,783

Operations Trend

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

2017

Revenue$112,236
Expenses$162,138
Net Income-$49,902
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.2
Gross Receipts
$112,236
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$222,249$166,782▼ $55,467
Land, Buildings, and Equipment, Net$1,989$3,557▲ $1,568
Pledges and Grants Receivable$2,000--
Prepaid Expenses and Deferred Charges-$444-
Total Assets$226,238$170,783▼ $55,455
Liabilities
Accounts Payable and Accrued Expenses$5,553--
Total Liabilities$5,553$0▼ $5,553
Net Assets / Fund Balance
Unrestricted Net Assets$220,685$170,783▼ $49,902
Total Net Assets Fund Balance$220,685$170,783▼ $49,902
Total Liabilities and Net Assets / Fund Balance$226,238$170,783▼ $55,455

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,557$8,112$11,669
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kenneth WalkerBirmingham, ALFT$70,000$70,000

Board Members and Trustees

NameTitle
Lisa ReilyBessemer, AL
Eunice J RogersBirmingham, AL
Heidi G SchoonoverBirmingham, Al
Johanna M AlvarezBirmingham, Al
Melodi C MorrossetteBirmingham, Al
Warren H RobinsonBirmingham, Al
Ron GilbertBirmingham, AL.
Rev J K WhitfieldDaphne, Al
Danny PattersonGrand Bay, Al
Mary Ellen JudahHuntsville, Al
Carol GundlachMontgomery, AL
Stephen StetsonMontgomery, Al
Gene G McclendonSt Louis, Mo.
Dr Sam AddyTuscaloosa, AL
Revenue and Support

Revenue Composition

Contributions and Grants
$112,225
Program Service Revenue
$0
Investment Income
$11
Other Revenue
$0
All Other Contributions
$74,725
Change in Net Assets
$-49,902

Audited Revenue Reconciliation

Revenue per Audited Statements
$112,236
Total Revenue per Audited Statements
$112,236
Total Revenue per Form 990
$112,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$75,955
Other Expenses$46,533
Grants and Similar Amounts Paid$39,650
Total Fundraising Expense$7,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$49,000$14,000$7,000$70,000
Grants to Domestic Orgs$39,650--$39,650
Fees for Services Accounting$0$9,466$0$9,466
Occupancy$0$8,450$0$8,450
Travel$3,419$4,179$0$7,598
Fees for Services Management$6,976$0$0$6,976
Payroll Taxes$4,765$1,190$0$5,955
Conferences and Meetings$1,986$1,830$0$3,816
All Other Expenses$163$2,619$0$2,782
Insurance$324$1,775$0$2,099
Office Expenses$1,037$534$0$1,571
Information Technology$156$882$0$1,038
Depreciation Depletion$0$1,016$0$1,016
Other Expenses$0$200$0$200
Total Functional Expenses$107,476$47,662$7,000$162,138

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$162,138
Total Expenses per Audited Statements$162,138
Total Expenses per Form 990$162,138
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Filing and Contact Details

Filer

Filer Name
Alabama Asset Building Coalition
EIN
27-0193257
Phone
3342072743
Address
201 Beacon Parkway West, Birmingham, AL 35209

Signing Officer

Name
Kenneth Walker
Title
Executive Director
Phone
3342072743
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Walker
Formed
2009
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
14

Preparer

Firm
Allen Allen & Foster LLP
Address
2202 Main Street, Daphne, AL 36526-2900
Preparer
Jeff F Allen CPA Cgma
Phone
2516269644
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Electronic Copy of form 990 is emailed to all Board members for review and approval

Pt VI, Line 12C

EachMember of the Board and Management signs a conflict of interest statement as required by the board documents

Pt VI, Line 15A

Yes a Board review is conducted

Pt VI, Line 15B

There is no other management to assess currently

Form 990, Part IX, Line 24E

Operating Supplies 163. 163. 0. 0.

Form 990, Part IX, Line 24E

Administrative & Other 2619. 0. 2619. 0.

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

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IRS990/OfficeExpensesGrp/ProgramServicesAmt01037
IRS990/OfficeExpensesGrp/TotalAmt01571
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0Parking
IRS990/OtherExpensesGrp/Desc1Registration Fees
IRS990/OtherExpensesGrp/Desc2Board Develop & Meetings
IRS990/OtherExpensesGrp/Desc3Dues & Subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0980
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2341
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3200
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0980
IRS990/OtherExpensesGrp/TotalAmt1200
IRS990/OtherExpensesGrp/TotalAmt2341
IRS990/OtherExpensesGrp/TotalAmt3200
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01190
IRS990/PayrollTaxesGrp/ProgramServicesAmt04765
IRS990/PayrollTaxesGrp/TotalAmt05955
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0444
IRS990/PrincipalOfficerNm0KENNETH WALKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ASSET BUILDING PROGRAM ASSISTS THE UNDERSERVED RESIDENTS OF AL IN BUILDING ASSETS AND FINANCIAL STABILITY. AABC IS PARTNERING WITH OTHER NON PROFIT AGENCIES TO DEVELOP A VARIETY OF HELP PROGRAMS FOR INDIVIDUALS, FAMILIES AND CHILDREN NEEDING FINANCIAL GUIDANCE AND METHODOLOGY FOR HIGHER EDUCATION COSTS, AS WELL AS WORKING WITH VARIOUS LENDERS THAT WOULD SUPPORT SUCH PROGRAMS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024719
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt025262
IRS990/ProgSrvcAccomActy3Grp/Desc0AABC IS ALSO PARTNERING WITH THE FDIC TO PROMOTE A FINANCIALS EDUCATION PROGRAM AND HELPING TO CONDUCT TRAINING AND TRAIN THE TRAINER TYPE PROGRAMS TO AGAIN ASSIST THOSE LESS FORTUNATE ATTAIN MORE FINANCIAL STABILITY AND THE RELATED EDUCATION TO IMPROVE EACH COMMUNITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt025468
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt038012
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0148200
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt035000
IRS990/PYInvestmentIncomeAmt08
IRS990/PYOtherExpensesAmt060979
IRS990/PYRevenuesLessExpensesAmt0-44098
IRS990/PYSalariesCompEmpBnftPaidAmt096327
IRS990/PYTotalExpensesAmt0192306
IRS990/PYTotalRevenueAmt0148208
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-49902
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt048962
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0112225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0148200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0451119
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0405225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0312001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01428770
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt042
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt01428770
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0112225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0148200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0451119
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0405225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0312001
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01428770
IRS990ScheduleA/TotalSupportAmt01428812
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt03557
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08112
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011669
IRS990ScheduleD/ExpensesSubtotalAmt0162138
IRS990ScheduleD/RevenueSubtotalAmt0112236
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03557
IRS990ScheduleD/TotalExpensesPerForm990Amt0162138
IRS990ScheduleD/TotalRevenuePerForm990Amt0112236
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0112236
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0162138
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Electronic Copy of form 990 is emailed to all Board members for review and approval
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EachMember of the Board and Management signs a conflict of interest statement as required by the board documents
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Yes a Board review is conducted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There is no other management to assess currently
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Operating Supplies 163. 163. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Administrative & Other 2619. 0. 2619. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0226238
IRS990/TotalAssetsEOYAmt0170783
IRS990/TotalAssetsGrp/BOYAmt0226238
IRS990/TotalAssetsGrp/EOYAmt0170783
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0112225
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047662
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0107476
IRS990/TotalFunctionalExpensesGrp/TotalAmt0162138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05553
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt05553
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0220685
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0170783
IRS990/TotalProgramServiceExpensesAmt0107476
IRS990/TotalReportableCompFromOrgAmt070000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0112236

Document Assets

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Filings

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
2017Detailed filing. Detailed filing data is available for this year.$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