Opportunity Alabama Inc
Founded in 2018, Opportunity Alabama (OPAL) is an economic development organization committed to creating a national model of sustainable economic development through community-led, place-based investments. We help underserved communities leverage diverse funding sources for projects and initiatives that improve quality of place and enhance the built environment. Most of that work involves closing access to capital gaps in low-income communities, in economically distressed communities, and/or within disadvantaged populations (including, but not limited to, minority- and women-owned businesses, residents of low-income areas, etc.). Through that work, we remediate blight, improve general economic and societal conditions, combat community deterioration, and/or preserve the traditions, architecture, and appearance of the communities we serve.
Opportunity Alabama Inc at a glance
In short: Opportunity Alabama Inc gave $125K across 1 grant in 2024 (avg $125K), mostly in Alabama. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $124,515
- -53.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $124,515
- -53.8% vs 2023
- Median grant
- $124,515
- Total assets
- $3,198,547
- +39.2% vs 2023
- Primary geography
- Alabama (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Opportunity Alabama Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Main Street Alabama ($125K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $125K (2024) to $270K (2023). In 2024 it made 1 grant totaling $125K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Main Street Alabama Birmingham, AL | To assist in the efforts to educate citizens about ways to reviatlize and preserve their small town downtowns and urban neighborhood commercial centers | $124,515 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,198,547 | $2,099,434 | $1,737,886 | $124,515 | 1 | $70,520 |
| 2023 | $2,297,424 | $2,446,603 | $1,372,296 | $269,719 | 1 | $44,438 |
| 2022 | $635,418 | $1,234,598 | $1,171,756 | $160,133 | 1 | — |
| 2021 | $476,898 | $802,784 | $963,077 | — | — | $3 |
| 2020 | $656,877 | $736,960 | $480,818 | — | — | $39 |
About Opportunity Alabama Inc
Based on IRS filings
Opportunity Alabama Inc is a public charity focused on Community Improvement & Capacity Building, based in Birmingham, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 1 grant totaling $125K. Net investment income was $71K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Opportunity Alabama Inc is led by Alexander Flachsbart, President on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Alexander Flachsbart
President
On filings since 2020
25.1 hrs/week
No compensation reported
Greg Barker
Chair
Director → Chair, 2021
On filings since 2020
3 hrs/week
No compensation reported
Anoop Mishra
Director
On filings since 2020
1 hr/week
No compensation reported
Myla Calhoun
Director
Chair → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Wendi Boyen
Director
On filings since 2020
1 hr/week
No compensation reported
Tony Smoke
Director
On filings since 2022
1 hr/week
No compensation reported
Larry Lewis
Director
New on the 2024 filing
1 hr/week
No compensation reported
Dan Ruth
Secretary
On filings since 2020
3 hrs/week
No compensation reported
Former officers (2)
- Former: James Outland (2020–2023) — Director
- Former: Troy Smoke (2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Opportunity Alabama Inc
How much does Opportunity Alabama Inc give each year?
Opportunity Alabama Inc gave $125K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $270K across 1 grant.
How large is Opportunity Alabama Inc?
Opportunity Alabama Inc reported $3.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.1M.
What is Opportunity Alabama Inc?
Opportunity Alabama Inc is a public charity focused on Community Improvement & Capacity Building, based in Birmingham, AL. It holds $3.2M in total assets as of 2024.
Where does Opportunity Alabama Inc operate?
Opportunity Alabama Inc has awarded grants in Alabama.
What is Opportunity Alabama Inc's EIN?
Opportunity Alabama Inc's EIN (Employer Identification Number) is 83-2134053. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 1, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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