Form 990 for tax year 2024
Filed by STARK COUNTY MINORITY BUSINESS ASSOCIATION.
Totals
- Total revenue
- $640,873
- Total expenses
- $647,536
- Contributions and grants received
- $300,121
- Grants paid
- $37,435
- Program service revenue
- $336,144
- Investment income
- $3,108
- Other revenue
- $1,500
- Total assets, end of year
- $380,664
- Total liabilities, end of year
- $36,621
- Net assets or fund balances, end of year
- $344,043
- Program services expenses (Part IX)
- $647,536
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $117,326
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
$27,828
-
1e · Government grants (contributions)
$156,364
-
1f · All other contributions, gifts and grants
$115,929
-
2a · Program service revenue: GOLF OUTING
total $49,556
-
2b · Program service revenue: BCFHOF COLLEGE CLASSIC
total $6,320
-
2c · Program service revenue: BUSINESS SEEDS OF GROWTH
total $15,000
-
2d · Program service revenue: LUNCH AND LEARN SPONSORSHIP
total $768
-
2e · Program service revenue: YOUTH ENTREPRENEURSHIP
total $45,800
-
2f · All other program service revenue
total $218,700
-
3 · Investment income
total $3,108
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: FISCAL AGENT FEE
total $1,500
-
11e · Other revenue, total
$1,500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $37,435 · program services $37,435
-
7 · Other salaries and wages
total $341,640 · program services $341,640
-
10 · Payroll taxes
total $27,118 · program services $27,118
-
11b · Fees: legal
total $39 · program services $39
-
11c · Fees: accounting
total $3,150 · program services $3,150
-
12 · Advertising and promotion
total $42,923 · program services $42,923
-
13 · Office expenses
total $3,515 · program services $3,515
-
17 · Travel
total $431 · program services $431
-
20 · Interest
total $335 · program services $335
-
22 · Depreciation, depletion and amortization
total $0
-
24a · Other expenses: MENTORSHIP PROGRAM
total $2,000 · program services $2,000
-
24b · Other expenses: AFRO AMERICAN ARTS FESTIVIAL
total $4,117 · program services $4,117
-
24c · Other expenses: ANNUAL GOLF OUTING
total $17,479 · program services $17,479
-
24d · Other expenses: COMMUNITY ENGAGEMENT
total $10,663 · program services $10,663
-
24e · All other expenses
total $156,691 · program services $156,691 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $411,778 · end of year $380,664
-
3 · Pledges and grants receivable
beginning of year $37,500
-
4 · Accounts receivable
beginning of year $3,338
-
9 · Prepaid expenses and deferred charges
beginning of year $224
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $30,600 · end of year $9,017
-
25 · Other liabilities
end of year $27,604
-
27 · Net assets without donor restrictions
beginning of year $422,240
Mission and programs · 2024
Mission
The organizations goal is to enhance partnerships between minority business members and majority owned businesses to create greater economic impact
-
THE ORGANIZATION SUPPORTS GROWTH AND SUSTAINABILITY OF MINORITY-OWNED, SMALL, AND DISADVANTAGED BUSINESSES. THE ORGANIZATION SUPPORTS MINORITY BUSINESSES THAT ARE SEEKING CAPITAL THROUGH SEVERAL PROGRAMS.
Expenses $81,891
-
Expenses $35,435
As filed on the 2024 return.
Listed in Part VII
-
Leonard StevensLEONARD STEVENS
CEO
- Total calculated
- $0
- Hours/week
- 40
-
Amilah Johnson-WilliamsAMILAH JOHNSON-WILLIAMS
OFFICE MANAGER
- Total calculated
- $0
- Hours/week
- 40
-
Eugene NorrisEUGENE NORRIS
BOARD MEMEBER
- Total calculated
- $0
- Hours/week
- 40
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
- 2024
- Filed
- 19 February 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349327600
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