Community Improvement & Capacity Building
Alabama Capital Network Inc
BIRMINGHAM, AL
Total revenue
$375K
Total expenses
$350K
Net assets
$206K
Grants received
$15K
1 grants
EIN
874355000
Tax year
2024
Mission
To assist start-up companies and early stage entrepreneurs within Alabama gain access to education, capital and technical assistance.
Programs
2 programs
ACN evaluates over 350 startup pitch presentations each year. These come from pitch competitions, university programs, incubator residents, conferences, university programs, and unsolicited pitches being submitted on the ACN website. Wherever possible, ACN provides feedback to each startup relating to how they can best grow their company and improve the likelihood of receiving funding. The best of these companies are then presented in regular Showcase events similar to the TV show Shark Tank, where investors in the audience may opt to invest in the companies presenting. ACN does not make investment recommendations, but instead focuses on making introductions and connections that support the entrepreneurs.
ACN works with the best startups it identifies to make connections to corporations that may become customers, investors, or supply chain partners. This has already resulted in numerous contracts being achieved by the startups, which furthers their growth as a company. This has been particularly impactful where ACN works with startups in rural areas and connects them to larger corporations in larger cities that might otherwise not be accessible.
Financials
FY 2024
Revenue
Expenses
People
6 listed
Benzamin Choi
Executive Officer
$166K
40 hrs/wk
Charlie Perry
Director
—
1 hrs/wk
Sanjay Singh
Chairman
—
1 hrs/wk
William Goodrich
Director
—
1 hrs/wk
William Terry
Treasurer
—
1 hrs/wk
Ruffner Page
Director
—
1 hrs/wk
Grants received
Showing 1 of 1
Funded by
$15K from 1 funder · 1 grant · 2022
$15K · 1 grant · 2022