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Black BELT Community Foundation INC

Public charityFed auditsIRS 990
DBA: % CAROL ZIPPERT
Foundations · SELMA, AL · EIN 63-1270745

About

To ensure ALL black BELT residents live and work in healthy, prosperous, inclusive, educated, creative and giving communities. We serve twelve counties: bullock, choctaw, dallas, greene, HALE, lowndes, macon, marengo, perry, pickens, sumter, and wilcox. Each of these counties is considered a "persistent poverty county" as identified through the census. Persistent poverty counties are those where 20% or more of the county residents were poor, measured by the 1980, 1990, 2000 censuses, and the 200-11 american community survey. Additionally, BBCF oftentimes invests in the following 13 states: alabama, arkansas, florida, georgia, kentucky, louisiana, mississippi, north carolina, south carolina, tennessee, texas, virginia, and WEST virginia.

In care of Carol Zippert

Donations are tax-deductible
Category
Foundations
Employees
125
Volunteers
1,380

Financial Snapshot

FY ending 2024-12-31
Revenue
$11.5M
Expenses
$14.0M
Assets
$26.3M
Liabilities
$747K

Financial history

$16.1M$8.1M$0
161718192021222324
RevenueExpenses
Latest FY2024: $11.5M · Peak FY2022: $16.1M · Avg: $7.7M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$2K
BLACK BELT COMMUNITY FOUNDATION INC
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Address

PO BOX 2020
Selma, AL, 36702-202

Governance

Voting board members17
Independent members17
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %24.8%
Permanent endowment %75.2%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
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