Totals
- Total revenue
- $261,911
- Total expenses
- $951,210
- Contributions and grants received
- $260,092
- Grants paid
- $0
- Program service revenue
- $1,452
- Investment income
- $367
- Other revenue
- $0
- Total assets, end of year
- $238,421
- Total liabilities, end of year
- $38,105
- Net assets or fund balances, end of year
- $200,316
- Program services expenses (Part IX)
- $367,193
- Management and general expenses
- $572,710
- Fundraising expenses
- $11,307
- Program service expenses (Part III)
- $367,193
Program services were 38.6% 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
$68,200
-
1c · Fundraising events
$1,858
-
1e · Government grants (contributions)
$118,101
-
1f · All other contributions, gifts and grants
$71,933
-
2a · Program service revenue: Miscellaneous
total $997 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Membership Events
total $455 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Bridging Virginia
total $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $367 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$1,858
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $115,736 · program services $34,721 · management and general $81,015 · fundraising $0
-
7 · Other salaries and wages
total $538,924 · program services $221,099 · management and general $306,518 · fundraising $11,307
-
9 · Other employee benefits
total $43,696 · program services $30,587 · management and general $13,109 · fundraising $0
-
10 · Payroll taxes
total $14,256 · program services $9,979 · management and general $4,277 · fundraising $0
-
11c · Fees: accounting
total $3,658 · program services $1,829 · management and general $1,829 · fundraising $0
-
12 · Advertising and promotion
total $15,091 · program services $12,073 · management and general $3,018 · fundraising $0
-
13 · Office expenses
total $5,400 · program services $0 · management and general $5,400 · fundraising $0
-
14 · Information technology
total $66,718 · program services $33,359 · management and general $33,359 · fundraising $0
-
16 · Occupancy
total $34,623 · program services $0 · management and general $34,623 · fundraising $0
-
17 · Travel
total $13,330 · program services $6,665 · management and general $6,665 · fundraising $0
-
19 · Conferences, conventions and meetings
total $4,088 · program services $0 · management and general $4,088 · fundraising $0
-
23 · Insurance
total $2,751 · program services $275 · management and general $2,476 · fundraising $0
-
24e · All other expenses
total $92,939 · program services $16,606 · management and general $76,333 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $68,039 · end of year $98,129
-
2 · Savings and temporary cash investments
beginning of year $21,639 · end of year $22,007
-
4 · Accounts receivable
beginning of year $37,714 · end of year $109,156
-
9 · Prepaid expenses and deferred charges
beginning of year $405 · end of year $3,165
-
10a · Land, buildings and equipment: cost or other basis
$4,964
-
10c · Land, buildings and equipment, net
beginning of year $4,964 · end of year $4,964
-
15 · Other assets
beginning of year $1,000 · end of year $1,000
-
17 · Accounts payable and accrued expenses
beginning of year $23,958 · end of year $26,058
-
19 · Deferred revenue
beginning of year $2,050
-
25 · Other liabilities
beginning of year $2,255 · end of year $12,047
-
31 · Retained earnings, endowment or other funds
beginning of year $105,498 · end of year $200,316
Mission and programs · 2022
Mission
The Metropolitan Business League is the backbone for the development, support, and advancement of small, minority, and women-owned businesses in the Richmond and tri-cities areas. The MBL provides opportunities for businesses to share their business through networking opportunities and so much more.
-
The MBL is dedicated to minority business development in the Richmond Metropolitan area. All of the MBL's programs and services are designed to assist and promote start-up as well as existing businesses.
Expenses $367,193 · Revenue $261,911
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scottessa Hurte
Board Chair
- Total calculated
- $0
- Hours/week
- 40
-
Nickkol Lewis
Vice Chair
- Total calculated
- $0
- Hours/week
- 1.5
-
Chris Layne
Treasurer
- Total calculated
- $0
- Hours/week
- 1.5
-
David LeFebvre
Secretary
- Total calculated
- $0
- Hours/week
- 1.5
-
Brittany Rawlinson
Vice Secretary
- Total calculated
- $0
- Hours/week
- 1.5
-
Mac Livingston
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Sharon Dabney-Wooldridge
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Connie Hom
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Kathryn Dolan
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Jeff Conley
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
William Carter
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Greg Hofbauer
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Floyd E Miller II
Executive Director
- Total calculated
- $115,735
- From this org
- $115,735
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $115,735
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $115,735
-
Tanya E Battle
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Patrick McFadden
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Lisa Speller
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Lisa D Collins
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Wendy Burchard
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Kevin Kenny
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Gagan Marwaha
Director
- Total calculated
- $0
- Hours/week
- 1.5
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
None.
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
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401399349300800
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.