IGNITE ALABAMA

EIN: 842372949 501(c)(3) Community Improvement

BIRMINGHAM, AL

Total Revenue
$700,705
Total Expenses
$644,589
Total Assets
$53,710
Net Assets
$33,734
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AL
Principal Officer
TORIN D BRAZZLE
Phone
3344628492
Tax Period
2024-01-01 to 2024-12-31

IGNITE ALABAMA, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $381K in total revenue in fiscal year 2020. Expenses of $361K left a modest 5% surplus.

Mission

OUR MISSION IS TO PROMOTE ECONOMIC GROWTH IN RURAL AND DISTRESSED COMMUNITIES. WE DO THIS BY PROVIDING INFRASTRUCTURE, PROGRAMS, AND SUPPORT THAT ENABLE NONPROFITS AND ENTREPRENEUR SUPPORT ORGANIZATIONS (ESOS) TO STABILIZE, SUSTAIN, AND SCALE-FOSTERING LONG-TERM ECONOMIC MOBILITY AND RESILIENCE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $678,563
Program Service Revenue $22,142
Investment Income $0
Other Revenue $0
TOTAL REVENUE $700,705

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $179,891
Fundraising Expenses $0
Program Expenses $644,589
Other Expenses $444,698
TOTAL EXPENSES $644,589

Year-over-Year Comparison

2024 2023 Change
Revenue $700,705 $545,565 +0.3%
Expenses $644,589 $549,182 +0.2%
Net Income $56,116 $-3,617 -16.5%
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
12
Independent Members
12
Employees
11
Volunteers
18

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
$35,745
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR KIM CARTER EVANS PRESIDENT 2.00
Officer Director
$0 $0 $0
ISAAC MCCOY VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
KRISHAWN M JACKSON TREASURER 2.00
Officer Director
$0 $0 $0
JENNIFER HANANIA COHEN MEMBER AT LARGE 2.00
Director
$0 $0 $0
LASHELLE KERR MEMBER AT LARGE 2.00
Director
$0 $0 $0
LENSEY KING MEMBER AT LARGE 2.00
Director
$0 $0 $0
EVA T ROBERTSON MEMBER AT LARGE 2.00
Director
$0 $0 $0
TERRY SPARKS MEMBER AT LARGE 2.00
Director
$0 $0 $0
KRYSTAL B WHITE MEMBER AT LARGE 2.00
Director
$0 $0 $0
KEY YEILDING MEMBER AT LARGE 2.00
Director
$0 $0 $0
MARY ANN GIVENS MEMBER AT LARGE 2.00
Director
$0 $0 $0
THOMAS HASLETT MEMBER AT LARGE 2.00
Director
$0 $0 $0
TORIN DARLING BRAZZLE FOUNDER, CEO AND PRESIDENT 20.00
Officer
$35,745 $0 $35,745
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 $700,705 $644,589 $53,710 $56,116
2023 $545,565 $549,182 $1,200 $-3,617
2022 $497,315 $480,981 $44,797 $16,334
2022 $95,845 $138,007 $2,635 $-42,162
2021 $381,091 $360,647 $28,463 $20,444
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