Form 990 for tax year 2024
Filed by ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC.
Totals
- Total revenue
- $2,831,031
- Total expenses
- $3,334,671
- Contributions and grants received
- $2,596,176
- Grants paid
- $292,500
- Program services expenses (Part IX)
- $2,595,497
- Management and general expenses
- $735,040
- Fundraising expenses
- $4,134
- Program service expenses (Part III)
- $2,595,497
Program services were 77.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
JAMES H SANFORD
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL CHAMBERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CARTER WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LIZ PHARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LEIGH DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
DEL SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
BOB POWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MILLER GIRVIN
PRESIDENT
- Total calculated
- $302,296
- From this org
- $0
- From related orgs
- $264,658
- Other
- $37,638
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $259,624 related
- Bonus
- $0 + $5,034 related
- Other
- $0
- Deferred
- $0 + $18,983 related
- Nontaxable benefits
- $0 + $18,655 related
- Filer's total
- $0 + $302,296 related
-
STEVE SEWELL
EXECUTIVE VICE PRESIDENT
- Total calculated
- $225,235
- From this org
- $0
- From related orgs
- $190,140
- Other
- $35,095
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $186,651 related
- Bonus
- $0 + $3,489 related
- Other
- $0
- Deferred
- $0 + $15,640 related
- Nontaxable benefits
- $0 + $19,455 related
- Filer's total
- $0 + $225,235 related
-
KATHERINE HUGHES
VP - INNOVATION & ENTREPRENEURSHIP
- Total calculated
- $163,332
- From this org
- $0
- From related orgs
- $135,672
- Other
- $27,660
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $132,978 related
- Bonus
- $0 + $2,694 related
- Other
- $0
- Deferred
- $0 + $8,548 related
- Nontaxable benefits
- $0 + $19,112 related
- Filer's total
- $0 + $163,332 related
-
BAKARI MILLER
VICE PRESIDENT
- Total calculated
- $159,637
- From this org
- $0
- From related orgs
- $142,705
- Other
- $16,932
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $139,918 related
- Bonus
- $0 + $2,787 related
- Other
- $0
- Deferred
- $0 + $10,158 related
- Nontaxable benefits
- $0 + $6,774 related
- Filer's total
- $0 + $159,637 related
-
LAUREN HYDE
VICE PRESIDENT
- Total calculated
- $218,535
- From this org
- $0
- From related orgs
- $203,797
- Other
- $14,738
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $199,438 related
- Bonus
- $0 + $4,359 related
- Other
- $0
- Deferred
- $0 + $14,281 related
- Nontaxable benefits
- $0 + $457 related
- Filer's total
- $0 + $218,535 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$50,000
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
$25,000
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
$25,000
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
$25,000
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
$25,000
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
$25,000
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
$25,000
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
$12,500
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
-
$12,500
TO ASSIST STARTUP COMPANIES WITH ADDITIONAL CAPITAL TO LAUNCH OR SCALE THEIR BUSINESS
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA INC
501(C)(6) · TO ADVANCE ECONOMIC AND BUSINESS GROWTH IN ALABAMA · AL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503179349305410
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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