Form 990 for tax year 2023
Filed by BUSINESS SERVICES COLLECTIVE NFP.
Totals
- Total revenue
- $881,384
- Total expenses
- $701,254
- Contributions and grants received
- $852,335
- Grants paid
- $0
- Program service revenue
- $28,290
- Investment income
- $708
- Other revenue
- $51
- Total assets, end of year
- $489,248
- Total liabilities, end of year
- $62,403
- Net assets or fund balances, end of year
- $426,845
- Program services expenses (Part IX)
- $531,471
- Management and general expenses
- $147,621
- Fundraising expenses
- $22,162
- Program service expenses (Part III)
- $531,471
Program services were 75.8% 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.
-
1e · Government grants (contributions)
$44,335
-
1f · All other contributions, gifts and grants
$808,000
-
2a · Program service revenue: PROF DEV TRAINING
total $28,290 · related or exempt $28,290
-
3 · Investment income
total $708 · excluded $708
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $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: MISCELLANEOUS REVENUE
total $51 · excluded $51
-
11e · Other revenue, total
$51
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $267,842 · program services $191,151 · management and general $58,925 · fundraising $17,766
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $6,740 · program services $4,819 · management and general $1,483 · fundraising $438
-
9 · Other employee benefits
total $14,616 · program services $10,806 · management and general $3,216 · fundraising $594
-
10 · Payroll taxes
total $19,156 · program services $13,696 · management and general $4,215 · fundraising $1,245
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $9,306 · management and general $9,306
-
11c · Fees: accounting
total $63,619 · program services $32,729 · management and general $30,890
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $260,450 · program services $234,260 · management and general $26,190
-
12 · Advertising and promotion
total $1,316 · management and general $1,316
-
13 · Office expenses
total $18,861 · program services $13,486 · management and general $4,149 · fundraising $1,226
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $3,421 · program services $2,385 · management and general $871 · fundraising $165
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $11,308 · program services $7,692 · management and general $3,616
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,162 · program services $3,038 · management and general $96 · fundraising $28
-
23 · Insurance
total $3,999 · program services $2,860 · management and general $879 · fundraising $260
-
24a · Other expenses: OTHER PROGRAMMING EXPENSES
total $10,478 · program services $10,478
-
24b · Other expenses: MEALS AND ENTERTAINMENT
total $5,329 · program services $3,810 · management and general $1,173 · fundraising $346
-
24c · Other expenses: OTHER OPERATING EXPENSES
total $1,000 · management and general $1,000
-
24d · Other expenses: BANK SERVICE CHARGES
total $625 · program services $261 · management and general $270 · fundraising $94
-
24e · All other expenses
total $26 · management and general $26
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,003 · end of year $1,930
-
2 · Savings and temporary cash investments
beginning of year $100,040 · end of year $103,148
-
3 · Pledges and grants receivable
beginning of year $148,334 · end of year $366,002
-
4 · Accounts receivable
end of year $4,148
-
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
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $6,628 · end of year $7,121
-
10a · Land, buildings and equipment: cost or other basis
$3,044
-
10b · Land, buildings and equipment: accumulated depreciation
$633
-
10c · Land, buildings and equipment, net
beginning of year $1,104 · end of year $2,411
-
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
beginning of year $2,216 · end of year $4,488
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $24,360 · end of year $62,403
-
19 · Deferred revenue
beginning of year $4,250
-
27 · Net assets without donor restrictions
end of year $1,599
-
28 · Net assets with donor restrictions
beginning of year $246,715 · end of year $425,246
Mission and programs · 2023
Mission
PROVIDE AID PRIMARILY TO SMALL BUSINESS OWNERS OF MINORITY COMMUNITIES FROM ECONOMICALLY DEPRESSED AREAS THROUGH ONE-ON-ONE COACHING BUSINESS TRAININGS AND BACK OFFICE SUPPORT IN THE CONSTRUCTION INDUSTRY.
-
CONSTRUCTION BUSINESS COACHING: PROVIDED 1,700 HOURS OF TRAINING AND FINANCIAL HEALTH GUIDANCE TO MORE THAN 100 MINORITY-OWNED AND WOMEN-OWNED BUSINESS ENTERPRISES WITHIN THE CONSTRUCTION INDUSTRY SUPPORTING MORE THAN $25 MILLION IN BUSINESS ACTIVITY. HELPED BUSINESS OWNERS GET LOAN READY AND ACCESS $2.4 MILLION IN CAPITAL.
Expenses $390,566
-
COOPERATIVE: LAUNCHED INITIATIVE TO SUPPORT THE CREATION OF A SHARED SERVICES COOPERATIVE FOR MINORITY-OWNED AND WOMEN-OWNED CONSTRUCTION BUSINESSES TO ACCESS VITAL BACK OFFICE SERVICES AT AFFORDABLE PRICES TO INCREASE BUSINESS RESILIENCY, GROWTH, AND HIRING. 2023 PROGRAMMING INCLUDED WORKSHOP SERIES ON COOPERATIVE PRINCIPLES AND RECRUITING POTENTIAL MEMBER-OWNERS. COOPERATIVE PROJECTED TO LAUNCH IN 2025.
Expenses $85,073
-
YOUTH APPRENTICESHIP: TRAINED 14 WORKFORCE CANDIDATES IN CONSTRUCTION PROJECT MANAGEMENT, CONSTRUCTION COST ESTIMATING AND BID PACKAGING. WORKFORCE CANDIDATES PARTNERED WITH MINORITY-OWNED AND WOMEN-OWNED BUSINESS ENTERPRISES WITHIN THE CONSTRUCTION INDUSTRY TO PROVIDE 1,300 HOURS OF ENTRY-LEVEL STAFFING SUPPORT THROUGH ON THE JOB EXPERIENCE TO PARTNERED BUSINESSES.
Expenses $55,832
As filed on the 2023 return.
Listed in Part VII
-
Nitikaji NautiyalNITIKAJI NAUTIYAL
TREAS/CSO&CDO
- Total calculated
- $145,804
- From this org
- $132,498
- From related orgs
- $0
- Other
- $13,306
- Hours/week
- 40
-
Kyle JohnsonKYLE JOHNSON
SECRETARY/COO
- Total calculated
- $122,038
- From this org
- $118,206
- From related orgs
- $0
- Other
- $3,832
- Hours/week
- 40
-
Deon LucasDEON LUCAS
BOARD VICECHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Delmar GillusDELMAR GILLUS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Claudette SotoCLAUDETTE SOTO
Director
- 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
- 30 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412439349300716
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