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Alabama · Nonprofit

MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC

MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC (Alabama) receives grants from 7 organizations whose IRS filings report $98,652 to it, the largest being TRUIST FOUNDATION INC ($50,000). 2 of them have funded it in more than one year.

Revenue FY2024
$2.8M
Funders on record
7
Grants received
$99k
Net assets
$2.6M
2/7 repeat funderspeak grant-dependency 2%
01What it does

What Mobile Area Chamber of Commerce Foundation Inc does

Mission

To carry out charitable activities for the benefit of the community and its citizens, working with the mobile area chamber of commerce.

As stated on its FY2024 Form 990.

Programs

  1. City of mobile and mobile county economic development performance contract - to help companies and consultants evaluate the mobile area for business relocation

    $8,270,435 spentof which $8,172,955 as grants$243,800 earned by the program
    93% of program spending
  2. Other program scholarships

    $667,732 spent
    7% of program spending

The 2 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $8,938,167.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.9M) Expenses 100 ($1.7M) Net assets 100 ($4.3M)2018 Revenue 120 ($2.3M) Expenses 102 ($1.7M) Net assets 114 ($4.9M)2019 Revenue 181 ($3.5M) Expenses 89 ($1.5M) Net assets 160 ($6.9M)2020 Revenue 169 ($3.3M) Expenses 109 ($1.9M) Net assets 193 ($8.3M)2022 Revenue 150 ($2.9M) Expenses 139 ($2.4M) Net assets 229 ($9.8M)2023 Revenue 94 ($1.8M) Expenses 531 ($9.0M) Net assets 60 ($2.6M)2024 Revenue 147 ($2.8M) Expenses 170 ($2.9M) Net assets 59 ($2.6M)
2017201820192020202220232024
Revenue (147)Expenses (170)Net assets (59)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $11M to $3.1M (−72%).

$5.0M
$5.4M
$9.5M
$11M
$11M
$3.1M
$3.5M
2017201820192020202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 40% · 2018 33% · 2019 77% · 2020 82% · 2022 36% · 2023 67% · 2024 79%. Grants only. Government contracts and fees sit inside program revenue.

87% of MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).

This organization
Typical peer · 4,434 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 7 reported years ran a deficit.

$235k
’17
$584k
’18
$2.0M
’19
$1.4M
’20
$547k
’22
−$7.2M
’23
−$42k
’24
4.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Frank J Lott Iii

Chairman

As listed on its FY2024 Form 990.

2017201820192020202220232024
Listed12121212131413
Joined·+2+2+1·+2+4
No longer listed·221·15
03Who funds it

Who funds it, year by year

2020 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $5k → $28.

2 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 33% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $287k from one payer (the payer shares this organization's board, largest Alabama Power Foundation Inc). These are real filings, and they are not money MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC raised.

From the IRS filings of MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC leans on a few funders — its largest provides 51% of grant income and the top three 89%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

33% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC.

51%
largest funder
89%
top three
~3
effective funders

Largest funder’s share by year: 2020 100% · 2021 99% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC draws 77% of its grant income from funders outside Alabama, across 3 states in all.

MO
AL
FL

In-state vs out-of-state, by year

’20
’21
’22
Alabama out of state home

Funder states come from each funder’s own filing. $33k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC's revenue grew 47% between 2017 and 2024.

Operating margin−1% · below the median
Months of reserve4.3mo · below the median
Revenue growth (annualized)6% · below the median

this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024

Government funding MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4.8M on record.

Federal$4.8M
grants $4.8Mcontracts $0
17
18
23
24
Top agencies
  • Department of Commerce$4.8M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Alabama

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

97% of spending goes to programs.

Program 97%Management 3%Fundraising 0%

Governance

13
board members
85%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

73%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

AL

Part of a family of 1 related entity

  • Mobile Area Chamber of Commerce · exempt

Screen this organization

A dated, signed PDF of the compliance screen for MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC?
MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC (Alabama) receives grants from 7 organizations whose IRS filings report $98,652 to it, the largest being TRUIST FOUNDATION INC ($50,000). 2 of them have funded it in more than one year.
How many funders does MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC have?
IRS filings report 7 organizations giving $98,652 in grants to MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC, 2 of which have funded it in more than one year.
Who is the largest funder of MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC?
TRUIST FOUNDATION INC is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
How can an organization like MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Alabama. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing