COASTAL ALABAMA PARTNERSHIP

EIN: 452483451 501(c)(3) Public Safety

MOBILE, AL

Total Revenue
$374,253
Total Expenses
$510,140
Total Assets
$87,655
Net Assets
$72,132
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AL
Principal Officer
PATRICK MURPHY
Phone
2514368822
Tax Period
2024-01-01 to 2024-12-31

COASTAL ALABAMA PARTNERSHIP, founded in 2011, is a small nonprofit in the Public Safety sector that reported $325K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $388K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ENABLE AND UNIFY BUSINESS AND POLITICAL LEADERSHIP IN THEIR PURSUITS OF IMPROVING THE QUALITY OF LIFE FOR ALABAMA'S GULF COAST. THE ORGANIZATION EXISTS TO PROVIDE VISION, DIRECTION AND ACTION TO ACHIEVE MAJOR INITIATIVES RELATED TO THE ENVIRONMENT, THE ECONOMY, AND THE SOCIETY OF THE REGION. CURRENT INITIATIVES INCLUDE SEAFOOD, TOURISM, INFRASTRUCTURE, POLICY AND PLANNING, AND INSURANCE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $369,253
Program Service Revenue $0
Investment Income $0
Other Revenue $5,000
TOTAL REVENUE $374,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $194,856
Fundraising Expenses $0
Program Expenses $173,678
Other Expenses $315,284
TOTAL EXPENSES $510,140

Year-over-Year Comparison

2024 2023 Change
Revenue $374,253 $779,858 -0.5%
Expenses $510,140 $660,591 -0.2%
Net Income $-135,887 $119,267 -2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
1
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$177,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG SAVAGE BOARD MEMBER 0.50
Director
$0 $0 $0
JASON PADGETT BOARD MEMBER 0.50
Director
$0 $0 $0
SHEILA HODGES BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE DOW BOARD MEMBER 0.50
Director
$0 $0 $0
BILL TUNNELL BOARD MEMBER 0.50
Director
$0 $0 $0
PATRICK MURPHY TREASURER 0.50
Officer Director
$0 $0 $0
RICHARD WEAVIL VICE-CHAIRMAN 0.50
Officer Director
$0 $0 $0
KERRY O'CONNOR BOARD MEMBER 0.50
Director
$0 $0 $0
STED MCCOLLOUGH CHAIRMAN 0.50
Officer Director
$0 $0 $0
T BESTOR WARD III BOARD MEMBER 0.50
Director
$0 $0 $0
ELISKA MORGAN BOARD MEMBER 0.50
Director
$0 $0 $0
JOE STOUGH BOARD MEMBER 0.50
Director
$0 $0 $0
JO BONNER BOARD MEMBER 0.50
Director
$0 $0 $0
LUCKETT ROBINSON BOARD MEMBER 0.50
Director
$0 $0 $0
WILEY BLANKENSHIP EXECUTIVE DIRECTOR 40.00
Officer
$177,000 $0 $177,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $374,253 $510,140 $87,655 $-135,887
2023 $779,858 $660,591 $208,019 $119,267
2022 $801,910 $862,105 $115,562 $-60,195
2021 $461,854 $433,613 $154,630 $28,241
2020 $430,916 $402,505 $132,975 $28,411
2019 $359,356 $335,872 $97,750 $23,484
2018 $325,031 $388,376 $101,571 $-63,345
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