Bronze Valley Foundation

EIN: 463600776 501(c)(3) Education

Birmingham, AL

Total Revenue
$275,534
Total Expenses
$276,437
Total Assets
$234,589
Net Assets
$234,589
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AL
Principal Officer
John Hudson
Phone
2012409423
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR PROGRESS IN JOURNALISM, founded in 2013, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2018. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 667% operating deficit.

Mission

The Bronze Valley Foundation has a mission of expanding access, exposure, and entry to communities of people that are underrepresented in media, technology, and entrepreneurship. The organization provides resources in the form of internships, fellowships, and programming which skills and upskills aspiring journalists, technologists, and entrepreneurs as they shape the world of tomorrow.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $275,534
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $275,534

Expense Breakdown

Grants Paid $275,954
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $275,954
Other Expenses $483
TOTAL EXPENSES $276,437

Year-over-Year Comparison

2023 2022 Change
Revenue $275,534 $30,420 +8.1%
Expenses $276,437 $31,332 +7.8%
Net Income $-903 $-912 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John O Hudson III Director & Chair of the Board 2.00
Officer Director
$0 $0 $0
Brian Hamilton Director & President 2.00
Officer Director
$0 $0 $0
Lamell McMorris Board Member 2.00
Director
$0 $0 $0
George French Board Member 2.00
Director
$0 $0 $0
Robert L Blalock Secretary & Treasurer 2.00
Officer
$0 $0 $0
Samuel Martin Executive Director 10.00
Officer
$0 $0 $0
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 No data No data No data No data
2023 $275,534 $276,437 $234,589 $-903
2022 $30,420 $31,332 $235,492 $-912
2021 $165,000 $169,431 $236,404 $-4,431
2021 $165,000 $169,431 $236,404 $-4,431
2020 $15 $4,965 $240,835 $-4,950
2019 $312 $7,557 $245,785 $-7,245
2018 $1,589 $12,190 $253,030 $-10,601
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