NonprofitsAlabama Small Business Development Initiative

Public & Societal Benefit

Alabama Small Business Development Initiative

BIRMINGHAM, AL

Total revenue

$440K

Total expenses

$348K

Net assets

$355K

Grants received

$1.4M

3 grants

EIN

465559627

Tax year

2024

Mission

The ASBDI is the administrator of the Alabama Community Loan Fund ACLF which works in partnership with organizations across the state

Financials

FY 2024

Revenue

Contributions & grants$440K
Program service revenue
Investment income
Other revenue
Total revenue$440K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$348K
Total expenses$348K
Total assets$355K
Net assets$355K

People

10 listed

NameRoleCompensation

Richard Busby

Board member

Board

1 hrs/wk

Lisa Cooper

Board Member

Board

1 hrs/wk

Rod Jones

Board Member

Board

1 hrs/wk

Rashada Leroy

Board Member

Board

1 hrs/wk

Selena R Dickerson

Board Member

Board

1 hrs/wk

Melodi Anderson

Board Member

Board

1 hrs/wk

Keith Cromwell

Board Member

Board

1 hrs/wk

Mary Ellen Judah

Board Member

Board

1 hrs/wk

Janine Smith

Board Member

Board

1 hrs/wk

LeDon Jones

President

Board

0

Grants received

Showing 3 of 3

FromAmountPurposeYear
$150K
1 grant(s) for varying purposes
2023
$137K
SPECIAL PORGRAMS
2022
$1.1M
BIRMINGHAM STRONG SUPPORT FOR SMALL BUSINESSES
2020

Funded by

$1.4M from 2 funders · 3 grants · 2020–2023

The Community Foundation Of Greater

$1.3M · 2 grants · 2020–2022

The Winston-Salem Foundation

$150K · 1 grant · 2023

Details

EIN465559627
NTEE codeW99
Subsection03
Ruling date2014-07
Formed2015
Employees0
ALABAMA SMALL BUSINESS DEVELOPMENT INITIATIVE — Mission, Financials & Grants Received | Grantivo