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Nonprofit · EIN 58-1984793

ALABAMA BUSINESS CHARITABLE TRUST FUND INC

Tax-exempt · BIRMINGHAM, AL 35291

Financials

$1.3M$1.7M2023$3.1M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of ALABAMA BUSINESS CHARITABLE TRUST FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,068,727$1,947,363$1,121,364$37,655,941$72,701$37,583,240
December 31, 2023990$1,305,268$1,667,567-$362,299$34,419,214$69,240$34,349,974
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$3,068,727
Net gain from sales of assets
$2,122,584
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,519,541
Compensation of officers, directors and key employees
$146,886
Other salaries and wages
$204,290
Salaries, compensation and benefits (total)
$351,176
Professional fundraising fees
$0
Legal fees
$33,312
Accounting fees
$24,510
Travel
$130
Program services (functional)
$1,755,302
Management and general (functional)
$192,061

Balance sheet and other

Total assets, start of year
$34,419,214
Total assets, end of year
$37,655,941
Total liabilities, end of year
$72,701
Net assets, end of year
$37,583,240
Publicly traded securities
$22,275,735
Net assets without donor restrictions
$37,583,240
Gross receipts
$18,659,481
Employees
0
Volunteers
7
Year formed
1991
State of legal domicile
AL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
TAN GRAYSONASSOCIATE DIRECTOR
Officer
24$99,403
RUBY JACKSONSECRETARY (END 6/24)
Officer
3$25,793
STACI BROOKSEXECUTIVE DIRECTOR
Officer
2$17,897
WENDY HOOMESTREASURER
Officer
1$3,793
JOHN STAMPSPRESIDENT & DIRECTOR
Trustee or director, Officer
0.1$0
CARLOS ALEMANVICE PRESIDENT & DIRECTOR
Trustee or director, Officer
0.05$0
LISA MCCARROLLDIRECTOR
Trustee or director
0.1$0
RICHARD BUSBYDIRECTOR
Trustee or director
0.05$0
J LEIGH DAVISDIRECTOR
Trustee or director
0.05$0
JONATHAN K PORTERDIRECTOR
Trustee or director
0.05$0
CLAYTON M RYANDIRECTOR
Trustee or director
0.05$0
CHARLES E GORDONSECRETARY (START 11/24)
Officer
3$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
TAN GRAYSONASSOCIATE DIRECTOR
Officer
24$88,752
STACI BROOKSEXECUTIVE DIRECTOR
Officer
2$12,176
RUBY JACKSONSECRETARY
Officer
3$8,590
WENDY HOOMESTREASURER
Officer
1$3,936
JOHN STAMPSPRESIDENT & DIRECTOR
Trustee or director, Officer
0.1$0
CARLOS ALEMANVICE PRESIDENT & DIRECTOR
Trustee or director, Officer
0.05$0
LISA MCCARROLLDIRECTOR
Trustee or director
0.1$0
RICHARD BUSBYDIRECTOR
Trustee or director
0.05$0
J LEIGH DAVISDIRECTOR
Trustee or director
0.05$0
JONATHAN K PORTERDIRECTOR
Trustee or director
0.05$0
CLAYTON M RYANDIRECTOR
Trustee or director
0.05$0

Address and contacts

Address (IRS master file)
PO BOX 2641, BIRMINGHAM, AL 35291-0001
In care of
% CINDY CAGLE
Principal officer (990 for 2024)
STACI BROOKS, 600 N 18TH STREET, BIRMINGHAM, AL 35291
Signed the 990
STACI BROOKS, EXECUTIVE DIRECTOR
Phone
(205) 257-2424
Return prepared by
KPMG LLP

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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 $512,941 · grants $444,046
  • 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 $401,722 · grants $347,765
  • 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 $278,775 · grants $241,332
  • EMERGENCY FOOD AND SHELTER
    Expenses $57,469 · grants $49,750
  • NON-PROFIT ENERGY EFFICIENCY
    Expenses $57,753 · grants $49,996
  • HOME FORWARD GRANTS
    Expenses $244,950 · grants $212,050
  • PROGRAM ADMINISTRATION
    Expenses $12,995 · grants $11,250
  • OTHER MISCELLANEOUS GRANTS
    Expenses $188,697 · grants $163,352

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1984793
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1992
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$37,655,941
Income (IRS master file)
$18,659,481

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,068,727$1,947,363$37,655,941XML
990December 2023$1,305,268$1,667,567$34,419,214XML
990December 2022$1,151,306$1,670,812$30,595,887IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1984793).

Questions about ALABAMA BUSINESS CHARITABLE TRUST FUND INC

What is the EIN of ALABAMA BUSINESS CHARITABLE TRUST FUND INC?
The employer identification number (EIN) of ALABAMA BUSINESS CHARITABLE TRUST FUND INC is 58-1984793.
Is ALABAMA BUSINESS CHARITABLE TRUST FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1992.
Are donations to ALABAMA BUSINESS CHARITABLE TRUST FUND INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ALABAMA BUSINESS CHARITABLE TRUST FUND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALABAMA BUSINESS CHARITABLE TRUST FUND INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALABAMA BUSINESS CHARITABLE TRUST FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ALABAMA BUSINESS CHARITABLE TRUST FUND INC?
The 990 for the year ended December 31, 2024 names STACI BROOKS.
Who are the officers and directors of ALABAMA BUSINESS CHARITABLE TRUST FUND INC?
The 990 for the year ended December 31, 2024 lists 12 people; 4 received compensation from the organization, the highest $99,403 (TAN GRAYSON, ASSOCIATE DIRECTOR).
How much revenue does ALABAMA BUSINESS CHARITABLE TRUST FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,068,727, expenses of $1,947,363 and total assets of $37,655,941 at year end.

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