Form 990 for tax year 2023
Filed by BROWARD COUNTY MINORITY BUILDERS COALITION INC.
Totals
- Total revenue
- $791,012
- Total expenses
- $1,280,160
- Contributions and grants received
- $62,071
- Grants paid
- $0
- Program service revenue
- $630,574
- Investment income
- $0
- Other revenue
- $98,367
- Total assets, end of year
- $676,402
- Total liabilities, end of year
- $1,315,518
- Net assets or fund balances, end of year
- -$639,116
- Program services expenses (Part IX)
- $1,107,861
- Management and general expenses
- $172,299
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,107,861
Program services were 86.5% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$4,499
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$57,572
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: PROGRAM SERVICE
total $630,574 · related or exempt $630,574 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $98,367 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $98,367 · personal property $0
-
6d · Net rental income or loss
total $98,367 · related or exempt $98,367 · unrelated business $0 · excluded $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $168,757 · program services $103,993 · management and general $64,764
-
6 · Compensation of disqualified persons
total $431,680 · program services $431,680
-
10 · Payroll taxes
total $51,077 · program services $46,396 · management and general $4,681
-
11c · Fees: accounting
total $54,620 · program services $46,973 · management and general $7,647
-
12 · Advertising and promotion
total $360 · program services $360
-
13 · Office expenses
total $13,593 · program services $9,669 · management and general $3,924
-
14 · Information technology
total $10,144 · program services $8,627 · management and general $1,517
-
16 · Occupancy
total $67,300 · program services $56,938 · management and general $10,362
-
17 · Travel
total $800 · program services $800
-
20 · Interest
total $27,012 · management and general $27,012
-
22 · Depreciation, depletion and amortization
total $30,080 · management and general $30,080
-
23 · Insurance
total $79,985 · program services $75,263 · management and general $4,722
-
24a · Other expenses: MATERIALS & SUPPLIES
total $68,440 · program services $68,440 · management and general $0 · fundraising $0
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $35,856 · program services $35,822 · management and general $34
-
24c · Other expenses: EQUIPMENT RENTAL & TELEPHONE
total $10,622 · program services $9,747 · management and general $875
-
24d · Other expenses: CONSTRUCTION COST
total $211,490 · program services $211,490 · management and general $0 · fundraising $0
-
24e · All other expenses
total $18,344 · program services $1,663 · management and general $16,681
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $129,061 · end of year $120,995
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $99,950 · end of year $86,716
-
4 · Accounts receivable
beginning of year $272,208 · end of year $243,245
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $66,782 · end of year $1,191
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,350 · end of year $3,350
-
10a · Land, buildings and equipment: cost or other basis
$648,398
-
10b · Land, buildings and equipment: accumulated depreciation
$427,493
-
10c · Land, buildings and equipment, net
beginning of year $276,753 · end of year $220,905
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $16,422
-
17 · Accounts payable and accrued expenses
beginning of year $278,878 · end of year $297,956
-
23 · Secured mortgages and notes payable
beginning of year $553,976 · end of year $849,960
-
24 · Unsecured notes and loans payable
beginning of year $149,405 · end of year $145,830
-
25 · Other liabilities
beginning of year $18,272 · end of year $21,772
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$136,005 · end of year -$639,116
Mission and programs · 2023
Mission
THE ORGANIZATION IS ENGAGED IN SOCIAL SERVICES PROGRAMS AND PROVIDING HOUSING ASSISTANCE FOR THE BENEFIT OF THE DISADVANTED
Activities or mission (Part I)
THE ORGANIZATION IS ENGAGED IN SOCIAL SERVICES PROGRAMS AND PROVIDING HOUSING ASSISTANCE FOR THE DISADVANTAGE.
-
ASSIST IN MINORITY CONTRACTORS IN BROWARD COUNTY AND TO SERVE THE UNDERSERVED IN SOUTH FLORIDA
Expenses $1,107,861 · Revenue $728,941
As filed on the 2023 return.
Listed in Part VII
-
Brian JohnsonBRIAN JOHNSON
PRESIDENT AND CEO
- Total calculated
- $168,757
- From this org
- $168,757
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- $0
- Other
- $18,757
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $168,757
-
Stephanie GrutmanSTEPHANIE GRUTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Barron ChannerBARRON CHANNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wayne MessamWAYNE MESSAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anthea PennantANTHEA PENNANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423209349318612
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