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Nonprofiteer
← NEW YORK CITY BUSINESS ASSISTANCE CORPORATION

Form 990 for tax year 2023

Filed by NEW YORK CITY BUSINESS ASSISTANCE CORPORATION.

Totals

Total revenue
$1,800
Total expenses
$20,446
Contributions and grants received
$1,000
Grants paid
$0
Program service revenue
$0
Investment income
$800
Other revenue
$0
Total assets, end of year
$2,968,165
Total liabilities, end of year
$7,000
Net assets or fund balances, end of year
$2,961,165
Program services expenses (Part IX)
$13,766
Management and general expenses
$6,680
Fundraising expenses
$0
Program service expenses (Part III)
$13,766

Program services were 67.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,000

  • 3 · Investment income

    total $800 · related or exempt $800

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $338 · management and general $338

  • 11g · Fees: other

    total $9,000 · program services $4,794 · management and general $4,206

  • 19 · Conferences, conventions and meetings

    total $7,829 · program services $6,642 · management and general $1,187

  • 23 · Insurance

    total $814 · management and general $814

  • 24a · Other expenses: MISCELLANEOUS

    total $2,465 · program services $2,330 · management and general $135

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,315,320 · end of year $1,294,973

  • 4 · Accounts receivable

    beginning of year $149,747 · end of year $149,747

  • 12 · Investments: other securities

    beginning of year $1,522,744 · end of year $1,523,445

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,000 · end of year $7,000

  • 27 · Net assets without donor restrictions

    beginning of year $224,373 · end of year $218,493

  • 28 · Net assets with donor restrictions

    beginning of year $2,755,438 · end of year $2,742,672

Mission and programs · 2023

Mission

To reduce unemployment, promote and provide for additional and maximum employment in NYC, encourage the development and/or retention of businesses in NYC; instruct or train individuals to improve and develop their capabilities for jobs in business and encourage economic devt.

  • Black Entrepreneurs NYC (BE NYC)- A groundbreaking model for a major American city to help create equity of opportunity by advancing black entrepreneurship

    Expenses $11,330

  • The City of New York Minority and Women-Owned Business Enterprise (M/WBE) was created to expand opportunities for minority and women entrepreneurs to access government contracts and grow their businesses, allowing eligible businesses that are certified with the City to become more visible to prospective buyers, including City agencies and private contractors seeking to purchase goods and services.

    Expenses $2,436

As filed on the 2023 return.

Listed in Part VII

  • Dynishal Gross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • An Weinberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Forte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Kim

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Dellolio

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Ismail A Mohamed

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Luis Santiago

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 August 2024
IRS schema version
2023v5.1
Source object
202412999349301446

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