Civic Intelligence

Alabama Asset Building Coalition

990 • Fiscal year 2019 • EIN 27-0193257

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

Organization Profilewww.alabamaabc.org
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

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

9th percentile

-43%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$75,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 71.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-45%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$156,763

Down $36,218 (-19%) from 2018

Net Assets

Down

$156,763

Down $36,218 (-19%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin9th percentile

Revenue

Down

$104,780

Down $85,930 (-45%) from 2018

Expenses

Down

$149,592

Down $9,511 (-6.0%) from 2018

Net Income

Down

-$44,812

Down $76,419 (-242%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2019

Assets$156,763
Liabilities$0
Net Assets$156,763
Open 2019 Filing

Operations Trend

Revenue Growth11th 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

2019

Revenue$104,780
Expenses$149,592
Net Income-$44,812
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.1
Gross Receipts
$104,780
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$190,440$150,412▼ $40,028
Land, Buildings, and Equipment, Net$2,541$5,851▲ $3,310
Total Assets$192,981$156,763▼ $36,218
Other Assets Total-$500-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$192,981$156,763▼ $36,218
Total Net Assets Fund Balance$192,981$156,763▼ $36,218
Total Liabilities and Net Assets / Fund Balance$192,981$156,763▼ $36,218

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,851$14,813$20,664
Land$0--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kenneth WalkerBirmingham, ALFT$75,000$75,000

Board Members and Trustees

NameTitle
LaShon MenefeeBessemer, Al
Eunice J RogersBirmingham, AL
Johanna M AlvarezBirmingham, Al
Melodi C MorrossetteBirmingham, Al
Warren H RobinsonBirmingham, Al
Rev J K WhitfieldDaphne, Al
Danny PattersonGrand Bay, Al
Don BurbankHouston, Tx
Ashley MabryMobile, AL
Carol GundlachMontgomery, AL
Dr Gena G McClendonSt Louis, Mo.
Dr Sam AddyTuscaloosa, AL
Revenue and Support

Revenue Composition

Contributions and Grants
$104,777
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$52,277
Change in Net Assets
$-44,812

Audited Revenue Reconciliation

Revenue per Audited Statements
$104,780
Total Revenue per Audited Statements
$104,780
Total Revenue per Form 990
$104,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$81,337
Grants and Similar Amounts Paid$36,402
Other Expenses$31,853
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,937$24,400$0$81,337
Grants to Domestic Individuals$36,402--$36,402
Fees for Services Other$0$12,732$0$12,732
Occupancy$6,000$0$0$6,000
Depreciation Depletion$0$4,786$0$4,786
Travel$1,597$0$0$1,597
Office Expenses$1,014$434$0$1,448
Other Expenses$0$200$0$200
Total Functional Expenses$105,039$44,553$0$149,592

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$149,592
Total Expenses per Audited Statements$149,592
Total Expenses per Form 990$149,592
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 35% controlled entity
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
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Walker
Formed
2009
Legal Domicile
Al
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
14

Preparer

Firm
Allen Allen & Foster LLP
Address
2202 Main Street, Daphne, AL 36526
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”

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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
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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. All Revenue & Expenses are reflected in 4A
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0190706
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt040339
IRS990/PYInvestmentIncomeAmt04
IRS990/PYOtherExpensesAmt041575
IRS990/PYOtherRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt031607
IRS990/PYSalariesCompEmpBnftPaidAmt077189
IRS990/PYTotalExpensesAmt0159103
IRS990/PYTotalRevenueAmt0190710
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-44812
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0104780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0104777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0190706
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0112225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0148200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0451119
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01007027
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt035
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01007027
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0104777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0190706
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0112225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0148200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0451119
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01007027
IRS990ScheduleA/TotalSupportAmt01007062
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05851
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014813
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020664
IRS990ScheduleD/ExpensesSubtotalAmt0149592
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/RevenueSubtotalAmt0104780
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05851
IRS990ScheduleD/TotalExpensesPerForm990Amt0149592
IRS990ScheduleD/TotalRevenuePerForm990Amt0104780
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0104780
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0149592
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/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0192981
IRS990/TotalAssetsEOYAmt0156763
IRS990/TotalAssetsGrp/BOYAmt0192981
IRS990/TotalAssetsGrp/EOYAmt0156763
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0104777
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044553
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0105039
IRS990/TotalFunctionalExpensesGrp/TotalAmt0149592
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0192981
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0156763
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0105039
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0104780
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0192981
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0156763
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt01597
IRS990/TravelGrp/TotalAmt01597
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0201 Beacon Parkway West 207
IRS990/USAddress/CityNm0Birmingham
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035209

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,763
Liabilities
$0
Net assets
$156,763
Revenue
$104,780
Expenses
$149,592
Net income
-$44,812
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
2019Detailed filing. Detailed filing data is available for this year.$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