Form 990 for tax year 2024
Filed by THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA INC.
Totals
- Total revenue
- $7,606,989
- Total expenses
- $8,053,738
- Contributions and grants received
- $1,286,500
- Grants paid
- $0
- Program service revenue
- $3,414,208
- Investment income
- $181,253
- Other revenue
- $2,725,028
- Total assets, end of year
- $14,544,304
- Total liabilities, end of year
- $3,129,357
- Net assets or fund balances, end of year
- $11,414,947
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1b · Membership dues
$792,000
-
1f · All other contributions, gifts and grants
$494,500
-
2a · Program service revenue: OTHER SUPPORT & REVENU
total $1,698,577 · related or exempt $1,698,577
-
2b · Program service revenue: SUPPORT & REVENUE
total $1,505,000 · related or exempt $1,505,000
-
2c · Program service revenue: FEE FOR SERVICE
total $112,178 · related or exempt $112,178
-
2d · Program service revenue: ALLIES MARKETING
total $79,624 · related or exempt $79,624
-
2e · Program service revenue: EDO EVENT
total $18,829 · related or exempt $18,829
-
3 · Investment income
total $181,253 · related or exempt $181,253
-
11a · Other revenue: TAX CREDITS
total $3,608,425 · related or exempt $3,608,425
-
11b · Other revenue: RENT INCOME
total $46,618 · related or exempt $46,618
-
11c · Other revenue: OTHER INCOME
total $1,508 · related or exempt $1,508
-
11d · All other revenue
total -$931,523 · related or exempt -$931,523
-
11e · Other revenue, total
$2,725,028
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $936,972
-
7 · Other salaries and wages
total $230,935
-
8 · Pension plan contributions
total $71,422
-
9 · Other employee benefits
total $106,167
-
10 · Payroll taxes
total $133,381
-
11c · Fees: accounting
total $169,348
-
11g · Fees: other
total $1,148,839
-
12 · Advertising and promotion
total $300,135
-
13 · Office expenses
total $20,367
-
16 · Occupancy
total $426,321
-
17 · Travel
total $136,702
-
19 · Conferences, conventions and meetings
total $31,409
-
22 · Depreciation, depletion and amortization
total $144,764
-
23 · Insurance
total $64,381
-
24a · Other expenses: TAX CREDITS
total $3,069,849
-
24b · Other expenses: INFORMATION RESOURCES
total $309,535
-
24c · Other expenses: ACCELERATOR PROGRAM
total $270,000
-
24d · Other expenses: PARTNERS EVENTS
total $160,303
-
24e · All other expenses
total $322,908
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,355,668 · end of year $421,282
-
2 · Savings and temporary cash investments
beginning of year $2,560,962 · end of year $2,185,121
-
4 · Accounts receivable
beginning of year $942,546 · end of year $3,609,349
-
9 · Prepaid expenses and deferred charges
beginning of year $25,984 · end of year $49,120
-
10a · Land, buildings and equipment: cost or other basis
$3,160,098
-
10b · Land, buildings and equipment: accumulated depreciation
$2,226,174
-
10c · Land, buildings and equipment, net
beginning of year $1,049,930 · end of year $933,924
-
11 · Investments: publicly traded securities
beginning of year $689,554 · end of year $734,914
-
12 · Investments: other securities
beginning of year $6,749,043 · end of year $5,817,520
-
15 · Other assets
beginning of year $1,151,041 · end of year $793,074
-
17 · Accounts payable and accrued expenses
beginning of year $1,002,924 · end of year $1,569,800
-
25 · Other liabilities
beginning of year $1,657,465 · end of year $1,559,557
-
27 · Net assets without donor restrictions
beginning of year $11,864,339 · end of year $11,414,947
Mission and programs · 2024
Mission
TO ADVANCE ECONOMIC AND BUSINESS GROWTH IN ALABAMA.
-
A COMPREHENSIVE RESEARCH AND DATA BASE PROGRAM IS MAINTAINED TO PROVIDE INFORMATION TO ASSIST IN RECRUITING AND RETAINING BUSINESS IN THE STATE.
-
A BUSINESS INTELLIGENCE PROGRAM THAT CONDUCTS INDUSTRY SECTOR AND COMPANY RESEARCH USED TO IDENTIFY STRATEGIC OPPORTUNITIES FOR THE STATE OF ALABAMA.
-
A TALENT RETENTION PROGRAM THAT FOCUSES ON INTRODUCING ALABAMA COLLEGE AND UNIVERSITY STUDENTS TO COMMUNITIES IN THE STATE AND CAREER OPPORTUNITIES.
As filed on the 2024 return.
Listed in Part VII
-
Jeff PeoplesJEFF PEOPLES
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Angus CooperANGUS COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Stephanie BryanSTEPHANIE BRYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mack DoveMACK DOVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Reid DoveREID DOVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Nathaniel DrummondNATHANIEL DRUMMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael GoebelMICHAEL GOEBEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jim GorrieJIM GORRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Joe HamptonJOE HAMPTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Billy HarbertBILLY HARBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Greg HendersonGREG HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jim HudsonJIM HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mike KempMIKE KEMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
John McCulloughJOHN MCCULLOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Liz PharoLIZ PHARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jimmy SanfordJIMMY SANFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Gary SmithGARY SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Macke MauldinMACKE MAULDIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Finis St John IVFINIS ST JOHN IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Tom StantonTOM STANTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael ThompsonMICHAEL THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
John Turner JrJOHN TURNER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Tim VinesTIM VINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Neill WrightNEILL WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ruffner Page JrRUFFNER PAGE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
James Rane JrJAMES RANE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Scott AdamsSCOTT ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
David CooperDAVID COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Chris FalkCHRIS FALK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Christopher RobertsCHRISTOPHER ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Daryl TaylorDARYL TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Lamar WhitakerLAMAR WHITAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Nicholas WillisNICHOLAS WILLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Lauren HydeLAUREN HYDE
EXECUTIVE DIRECTOR OF AL BUSINESS INTELLLIGENCE
- Total calculated
- $218,535
- From this org
- $203,797
- From related orgs
- $0
- Other
- $14,738
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $199,438
- Bonus
- $4,359
- Other
- $0
- Deferred
- $14,281
- Nontaxable benefits
- $457
- Filer's total
- $218,535
-
Miller GirvinMILLER GIRVIN
PRESIDENT
- Total calculated
- $302,296
- From this org
- $264,658
- From related orgs
- $0
- Other
- $37,638
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $259,624
- Bonus
- $5,034
- Other
- $0
- Deferred
- $18,983
- Nontaxable benefits
- $18,655
- Filer's total
- $302,296
-
Katherine HughesKATHERINE HUGHES
VICE PRESIDENT OF INNOVATION
- Total calculated
- $163,332
- From this org
- $135,672
- From related orgs
- $0
- Other
- $27,660
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $132,978
- Bonus
- $2,694
- Other
- $0
- Deferred
- $8,548
- Nontaxable benefits
- $19,112
- Filer's total
- $163,332
-
Bakari MillerBAKARI MILLER
VICE PRESIDENT OF BUSINESS DEVELOPMENT
- Total calculated
- $159,637
- From this org
- $142,705
- From related orgs
- $0
- Other
- $16,932
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,918
- Bonus
- $2,787
- Other
- $0
- Deferred
- $10,158
- Nontaxable benefits
- $6,774
- Filer's total
- $159,637
-
Stephen SewellSTEPHEN SEWELL
EXECUTIVE VICE PRESIDENT
- Total calculated
- $225,235
- From this org
- $190,140
- From related orgs
- $0
- Other
- $35,095
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $186,651
- Bonus
- $3,489
- Other
- $0
- Deferred
- $15,640
- Nontaxable benefits
- $19,455
- Filer's total
- $225,235
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. 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 · Compensation survey or study
- 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
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
No itemized grants to organizations on this return.
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 FOUNDATION INC
501 (C)(3) · SUPPORTING ORGANIZATION OF EDPA, INC · AL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513179349305666
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