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Nonprofiteer
← BLACK BUSINESS ENTERPRISES FUND

Form 990 for tax year 2022

Filed by BLACK BUSINESS ENTERPRISES FUND.

Totals

Total revenue
$349,746
Total expenses
$346,703
Contributions and grants received
$310,746
Grants paid
$0
Program service revenue
$39,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,043
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,043
Program services expenses (Part IX)
$346,703
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$346,703

Program services were 100.0% 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.

  • 1b · Membership dues

    $138,963

  • 1f · All other contributions, gifts and grants

    $171,783

  • 2a · Program service revenue: FINANCIAL EDUCATION

    total $39,000 · related or exempt $39,000

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $80,380 · program services $80,380

  • 11b · Fees: legal

    total $1,000 · program services $1,000

  • 11c · Fees: accounting

    total $2,500 · program services $2,500

  • 11g · Fees: other

    total $25,926 · program services $25,926

  • 12 · Advertising and promotion

    total $2,480 · program services $2,480

  • 13 · Office expenses

    total $35,671 · program services $35,671

  • 16 · Occupancy

    total $15,414 · program services $15,414

  • 17 · Travel

    total $7,000 · program services $7,000

  • 23 · Insurance

    total $736 · program services $736

  • 24a · Other expenses: TRAINING

    total $11,207 · program services $11,207

  • 24b · Other expenses: PROGRAM EXPENSES

    total $38,854 · program services $38,854

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $13,800 · program services $13,800

  • 24d · Other expenses: EVENTS

    total $93,972 · program services $93,972

  • 24e · All other expenses

    total $17,763 · program services $17,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $3,043

  • 28 · Net assets with donor restrictions

    end of year $3,043

Mission and programs · 2022

Mission

TO HELP MINORITIES ESTABLISH THEIR WORTH TO WEALTH

  • SMALL BUSINESS DEVELOPMENT, FINANCIAL LITERACY, YOUTH PROGRAM, CREDIT BUILDING PROGRAM

    Expenses $346,703 · Revenue $39,000

As filed on the 2022 return.

Listed in Part VII

  • Nancy Korsah

    CEO

    Total calculated
    $30,850
    From this org
    $30,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    0 + 1 related

  • Charles Wyatt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christy Loy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wanda Mays

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristen Giovanis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracy Call

    CO CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jessica Westberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Otis Artis

    BOARD MEMBER

    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
2022
Filed
3 May 2023
IRS schema version
2022v5.0
Source object
202301309349304685

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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