Skip to content
Nonprofiteer
← ALABAMA BUSINESS CHARITABLE TRUST FUND INC

Form 990 for tax year 2023

Filed by ALABAMA BUSINESS CHARITABLE TRUST FUND INC.

Totals

Total revenue
$1,305,268
Total expenses
$1,667,567
Contributions and grants received
$0
Grants paid
$1,372,286
Program service revenue
$0
Investment income
$1,305,268
Other revenue
$0
Total assets, end of year
$34,419,214
Total liabilities, end of year
$69,240
Net assets or fund balances, end of year
$34,349,974
Program services expenses (Part IX)
$1,598,060
Management and general expenses
$69,507
Fundraising expenses
$0
Program service expenses (Part III)
$1,598,060

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $728,327 · excluded $728,327

  • 7a · Gross sales of assets other than inventory

    securities $15,667,912

  • 7b · Less cost or other basis and sales expenses

    securities $15,090,971

  • 7c · Gain or loss

    securities $576,941

  • 7d · Net gain or loss

    total $576,941 · excluded $576,941

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,372,286 · program services $1,372,286

  • 5 · Compensation of officers, directors and key employees

    total $113,454 · program services $113,454

  • 7 · Other salaries and wages

    total $142,097 · program services $112,227 · management and general $29,870

  • 11b · Fees: legal

    total $10,021 · management and general $10,021

  • 11c · Fees: accounting

    total $14,500 · management and general $14,500

  • 13 · Office expenses

    total $706 · management and general $706

  • 14 · Information technology

    total $8,217 · management and general $8,217

  • 17 · Travel

    total $93 · program services $93

  • 24a · Other expenses: OTHER MISC. EXPENSES

    total $6,193 · management and general $6,193

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $511,499 · end of year $409,086

  • 11 · Investments: publicly traded securities

    beginning of year $18,779,612 · end of year $20,080,174

  • 12 · Investments: other securities

    beginning of year $11,259,848 · end of year $13,874,778

  • 15 · Other assets

    beginning of year $44,928 · end of year $55,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,384 · end of year $69,240

  • 27 · Net assets without donor restrictions

    beginning of year $30,562,503 · end of year $34,349,974

Mission and programs · 2023

Mission

THE PRIMARY MISSION OF THE TRUST IS TO BENEFIT SPECIFIC CHARITABLE ORGANIZATIONS THAT PROVIDE FINANCIAL ASSISTANCE TO LOW INCOME INDIVIDUALS WITH FINANCIAL EMERGENCIES IN CENTRAL AND SOUTH ALABAMA FOR ENERGY, FOOD, SHELTER, MEDICAL CARE AND EDUCATION.

Activities or mission (Part I)

SEE SCHEDULE O

  • EMERGENCY COOLING ASSISTANCE PROGRAM PROVIDES FUNDS FOR ENERGY ASSISTANCE DURING THE COOLING SEASON OF JUNE - OCTOBER TO VARIOUS NON-PROFIT AGENCIES IN NORTH, SOUTH AND CENTRAL ALABAMA.

    Expenses $564,079 · Grants $484,386

  • EMERGENCY ASSISTANCE - GENERAL PROGRAM PROVIDES FUNDS FOR EMERGENCY ASSISTANCE THROUGHOUT THE YEAR TO VARIOUS NON-PROFIT AGENCIES LOCATED IN NORTH, SOUTH AND CENTRAL ALABAMA.

    Expenses $395,938 · Grants $340,000

  • EMERGENCY ENERGY ASSISTANCE PROGRAM PROVIDES FUNDS FOR ENERGY ASSISTANCE THROUGHOUT THE YEAR TO VARIOUS NON-PROFIT AGENCIES LOCATED IN NORTH, SOUTH AND CENTRAL ALABAMA.

    Expenses $299,865 · Grants $257,500

  • HOME FORWARD GRANTS

    Expenses $132,057 · Grants $113,400

  • NON-PROFIT ENERGY EFFICIENCY

    Expenses $29,113 · Grants $25,000

  • OTHER MISCELLANEOUS GRANTS

    Expenses $177,008 · Grants $152,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN STAMPS

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • CARLOS ALEMAN

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • LISA MCCARROLL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • RICHARD BUSBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • J LEIGH DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • JONATHAN K PORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • CLAYTON M RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • STACI BROOKS

    EXECUTIVE DIRECTOR

    Total calculated
    $12,176
    From this org
    $12,176
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • RUBY JACKSON

    SECRETARY

    Total calculated
    $8,590
    From this org
    $8,590
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • TAN GRAYSON

    ASSOCIATE DIRECTOR

    Total calculated
    $88,752
    From this org
    $88,752
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • WENDY HOOMES

    TREASURER

    Total calculated
    $3,936
    From this org
    $3,936
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423199349310287

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.