Bronze Valley Corp

Nonprofit profile at a glance

EIN
811426667
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2019, Form 990-N 2017
Location
Birmingham, AL, USA
Phone
9179576859
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$3,920,583
Expenses
$2,895,859
Assets
$10,495,393
Liabilities
$2,333,037

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Neill S Wright (Board President)

People named in this filing

  • April Benetollo (Board Member)
  • Brian Hamilton (Board Member)
  • Herschell Hamilton (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bronze Valley's mission is to empower under-resourced entrepreneurs by providing holistic venture capital solutions that catalyze innovation and impact.

What it reported doing in 2024

In 2024, Bronze Valley made new or additional investments in early-stage technology companies, generally founded by under-resourced entrepreneurs. The investments expanded Bronze Valley's portfolio to over 35 companies covering the Southeast, Southwest, Mid-Atlantic, and Midwest regions of the country. Bronze Valley developed a platform of services which is referred to as the Bronze Valley VentureLab designed to further support its portfolio companies and/or potential investment opportunities.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.9%; rating input score 64
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 26.1%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 3.62; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 32.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 29.8% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 38.4% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 63.9% of revenue deployed · 85.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.