Civic Intelligence

Apollo Foundation Inc

EIN 85-4102045 • 501(c)3 • Huntsville, AL

Profile

Apollo foundation, inc. Is an alabama economic development organization and 501(c)(3) organization established to facilitate community investment and grow local business ecosystems. Apollo foundation, inc.'s focus on growing the entrepreneurial ecosystem aims to benefit productivity, innovation and jobs to provide opportunities to all entrepreneurs, regardless of race, place or gender.

925 Makers WayHuntsville, AL 35806

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.87x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.61x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

59th percentile

8.8%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Revenue Growth

79th percentile

34%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$816,348

Up $816,352 (+20408800%) from 2023

Liabilities

Up

$713,401

Up $713,401 from 2023

Net Assets

Up

$102,947

Up $102,951 (+2573775%) from 2023

Revenue

Up

$1,166,083

Up $297,703 (+34%) from 2023

Expenses

Up

$1,063,132

Up $199,745 (+23%) from 2023

Net Income

Up

$102,951

Up $97,958 (+1962%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2021: $0Liabilities 2021: $19,890Net Assets 2021: -$19,8902021Assets 2022: $1,045Liabilities 2022: $6,042Net Assets 2022: -$4,9972022Assets 2023: -$4Liabilities 2023: $0Net Assets 2023: -$42023Assets 2024: $816,348Liabilities 2024: $713,401Net Assets 2024: $102,9472024

Highlighted filing

2024

Assets$816,348
Liabilities$713,401
Net Assets$102,947

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2021: $640,000Expenses 2021: $659,890Net Income 2021: -$19,8902021Revenue 2022: $963,000Expenses 2022: $948,107Net Income 2022: $14,8932022Revenue 2023: $868,380Expenses 2023: $863,387Net Income 2023: $4,9932023Revenue 2024: $1,166,083Expenses 2024: $1,063,132Net Income 2024: $102,9512024

Highlighted filing

2024

Revenue$1,166,083
Expenses$1,063,132
Net Income$102,951

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 19, 2025
Return Version
2024v5.2
Gross Receipts
$1,166,083
Mission and Program Overview

Mission

Midcity accelerator foundation inc. (mcaf) is an alabama economic development organization and 501 c 3 organization established to facilitate community investment and grow local business ecosystems. Mcaf's focus on growing the entrepreneurial ecosystem aims to benefit productivity, innovation and jobs to provide opportunities to all entrepreneurs, regardless of race, place or gender.

Apollo coalition, inc. Is an alabama economic development organization and 501(c)(3) organization established to facilitate community investment and grow local business ecosystems. Apollo coalition, inc.'s focus on growing the entrepreneurial ecosystem aims to benefit productivity, innovation and jobs to provide opportunities to all entrepreneurs, regardless of race, place or gender.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$-4$816,348▲ $816,352
Total Assets$-4$816,348▲ $816,352
Liabilities
Accounts Payable and Accrued Expenses$0$713,401▲ $713,401
Total Liabilities$0$713,401▲ $713,401
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4$102,947▲ $102,951
Total Net Assets Fund Balance$-4$102,947▲ $102,951
Total Liabilities and Net Assets / Fund Balance$-4$816,348▲ $816,352
Compensation and Service Providers

Board Members and Trustees

NameTitle
Remy F Gross IiiDirector, Chairman, & President
Maximilian J GrelierDirector & Vice President
Kevin MooreDirector
Raven HowletSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,052,831
Program Service Revenue
$113,240
Investment Income
$12
Other Revenue
$0
All Other Contributions
$1,052,831
Change in Net Assets
$102,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,166,083
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,166,083
Total Revenue per Form 990
$1,166,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$669,750
Other Expenses$393,382
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$669,750--$669,750
Advertising$360,188--$360,188
Fees for Services Other-$30,778-$30,778
Other Expenses-$1,163-$1,163
Fees for Services Legal-$1,135-$1,135
Office Expenses-$118-$118
Total Functional Expenses$1,029,938$33,194$0$1,063,132

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,063,132
Total Expenses per Audited Statements$1,063,132
Total Expenses per Form 990$1,063,132
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gener8tor Management LLCMadison, WIN/aTO HELP FACILIATE GENER8TOR'S PROGRAMS$654,750
Early Works Society of Huntsville AlabamaHuntsville, ALN/aSUPPORT ALABAMA CONSTITUTION VILLAGE'S EARLY WORKS MUSEUM$10,000
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
No
Other officer compensation reviewed
No
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 A, Line 2

Rcp companies and apollo coalition, inc. Directors-the three directors for apollo coalition, inc. Are kevin moore, max grelier and remy gross iii. Max grelier and remy gross, iii are co-founders of rcp companies. Max and remy handle all director duties of apollo coalition, inc. In addition to their responsibilities to rcp companies' operations, etc. Raven howlett was employed by rcp companies. All apollo coalition inc.'s matters are handled in accordance with the related bylaws.

Form 990, Part VI, Section B, Line 11B

The 990 draft is submitted to the board for review and comments before the return is filed.

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

To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.

Form 990, Part VI, Section C, Line 19

The documents are available for inspection upon request at the office of the organization.

Filing and Contact Details

Filer

Filer Name
Apollo Coalition Inc
EIN
85-4102045
Phone
2564894157
Address
925 MAKERS WAY, HUNTSVILLE, AL 35806

Signing Officer

Name
Maximilian J Grelier
Title
Director
Phone
2564894157
Signed
2025-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maximilian J Grelier
Formed
2020
Legal Domicile
Al
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bmss LLC
Address
400 MERIDIAN STREET N 201, HUNTSVILLE, AL 35801
Preparer
James Rl Carroll CPA
Phone
2059825500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

During the year, apollo coalition, inc. Organized and hosted large-scale public events, such as the annual crawfish festival, designed to foster community engagement, celebrate local culture, provide a platform for artists and vendors, and raise funds for the coalition's mission and partner non-profits.

Financial Statement Notes

PART X, LINE 2:

The coalition is organized as a not-for-profit corporation under the alabama nonprofit corporation act. Additionally, the coalition has been granted tax-exempt status by the internal revenue service for income tax purposes. The coalition is subject to unrelated business income tax (ubit) only if it engages in activities subject to the ubit regulations. Tax positions are initially recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. The coalition had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements as of december 31, 2024 based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter for all open tax years.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COALITION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE ALABAMA NONPROFIT CORPORATION ACT. ADDITIONALLY, THE COALITION HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE FOR INCOME TAX PURPOSES. THE COALITION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) ONLY IF IT ENGAGES IN ACTIVITIES SUBJECT TO THE UBIT REGULATIONS. TAX POSITIONS ARE INITIALLY RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. THE COALITION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024 BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER FOR ALL OPEN TAX YEARS.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1EARLY WORKS SOCIETY OF HUNTSVILLE ALABAMA
IRS990ScheduleI/RecipientTable/RecipientEIN0472198237
IRS990ScheduleI/RecipientTable/RecipientEIN1630927524
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0821 E WASHINGTON AVENUE SUITE 200-G
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1404 MADISON ST SE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING THE YEAR, APOLLO COALITION, INC. ORGANIZED AND HOSTED LARGE-SCALE PUBLIC EVENTS, SUCH AS THE ANNUAL CRAWFISH FESTIVAL, DESIGNED TO FOSTER COMMUNITY ENGAGEMENT, CELEBRATE LOCAL CULTURE, PROVIDE A PLATFORM FOR ARTISTS AND VENDORS, AND RAISE FUNDS FOR THE COALITION'S MISSION AND PARTNER NON-PROFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RCP COMPANIES AND APOLLO COALITION, INC. DIRECTORS-THE THREE DIRECTORS FOR APOLLO COALITION, INC. ARE KEVIN MOORE, MAX GRELIER AND REMY GROSS III. MAX GRELIER AND REMY GROSS, III ARE CO-FOUNDERS OF RCP COMPANIES. MAX AND REMY HANDLE ALL DIRECTOR DUTIES OF APOLLO COALITION, INC. IN ADDITION TO THEIR RESPONSIBILITIES TO RCP COMPANIES' OPERATIONS, ETC. RAVEN HOWLETT WAS EMPLOYED BY RCP COMPANIES. ALL APOLLO COALITION INC.'S MATTERS ARE HANDLED IN ACCORDANCE WITH THE RELATED BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 DRAFT IS SUBMITTED TO THE BOARD FOR REVIEW AND COMMENTS BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST AT THE OFFICE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0REX COMMERCIAL PROPERTIES INC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MAXIMILIAN J GRELIER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-19
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES RL CARROLL CPA
ReturnHeader/ReturnTs02025-09-29T16:03:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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