Totals
- Total revenue
- $2,447,320
- Total expenses
- $2,427,901
- Contributions and grants received
- $2,434,855
- Grants paid
- $1,000,727
- Program service revenue
- $0
- Investment income
- $12,465
- Other revenue
- $0
- Total assets, end of year
- $3,594,117
- Total liabilities, end of year
- $1,797,381
- Net assets or fund balances, end of year
- $1,796,736
- Program services expenses (Part IX)
- $2,220,439
- Management and general expenses
- $207,462
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,220,439
Program services were 91.5% 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.
-
1e · Government grants (contributions)
$312,155
-
1f · All other contributions, gifts and grants
$2,122,700
-
3 · Investment income
total $12,465 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000,727 · program services $1,000,727
-
7 · Other salaries and wages
total $121,415 · program services $0 · management and general $121,415 · fundraising $0
-
8 · Pension plan contributions
total $20,976 · program services $0 · management and general $20,976 · fundraising $0
-
10 · Payroll taxes
total $9,751 · program services $0 · management and general $9,751 · fundraising $0
-
11a · Fees: management
total $11,448 · program services $0 · management and general $11,448 · fundraising $0
-
11b · Fees: legal
total $13,777 · program services $13,777 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $15,400 · program services $0 · management and general $15,400 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $213,400 · program services $213,400 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $22,965 · program services $20,566 · management and general $2,399 · fundraising $0
-
13 · Office expenses
total $9,811 · program services $4,921 · management and general $4,890 · fundraising $0
-
17 · Travel
total $3,186 · program services $0 · management and general $3,186 · fundraising $0
-
19 · Conferences, conventions and meetings
total $4,589 · program services $0 · management and general $4,589 · fundraising $0
-
20 · Interest
total $8,593 · program services $0 · management and general $8,593 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,223 · program services $0 · management and general $2,223 · fundraising $0
-
23 · Insurance
total $8,329 · program services $8,329 · management and general $0 · fundraising $0
-
24a · Other expenses: Utilities
total $12,550 · program services $9,958 · management and general $2,592 · fundraising $0
-
24b · Other expenses: Real estate taxes
total $27,159 · program services $27,159 · management and general $0 · fundraising $0
-
24c · Other expenses: Round Table/Tech Assistant
total $888,015 · program services $888,015 · management and general $0 · fundraising $0
-
24d · Other expenses: Repairs
total $33,587 · program services $33,587 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $540,640 · end of year $1,784,154
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $16,250 · end of year $3,000
-
10a · Land, buildings and equipment: cost or other basis
$1,620,819
-
10b · Land, buildings and equipment: accumulated depreciation
$2,958
-
10c · Land, buildings and equipment, net
beginning of year $1,619,015 · end of year $1,617,861
-
15 · Other assets
beginning of year $61,830 · end of year $189,102
-
17 · Accounts payable and accrued expenses
beginning of year $30,778 · end of year $39,015
-
24 · Unsecured notes and loans payable
beginning of year $429,642 · end of year $394,336
-
25 · Other liabilities
beginning of year $1,450 · end of year $1,364,030
-
27 · Net assets without donor restrictions
beginning of year $1,722,607 · end of year $1,752,071
-
28 · Net assets with donor restrictions
beginning of year $53,258 · end of year $44,665
Mission and programs · 2023
Mission
THE BLACK BUSINESS COMMUNINTY DEVELOPMENT CORPORATION WAS CREATED IN 1993. BBCDC IS A 501(C)(3) CHARITALBE NON-PROFIT ENTITY THAT PROVIDES EDUCATION AND NETWORKING OPPORTUNITIES TO SUPPORT THE GROWTH OF MINORITY BUSINESSES.
Activities or mission (Part I)
The development of African American businesses; the assistance to the development of small, minority and woman-owned businesses regardless of race, ethnicity and gender.
-
BBCDC is focused on enriching the community by providing financial technical assistance to small businesses.In FY 2023-24, BBCDC expanded its impact, delivering 684 training sessions and 1,378 hours of training, a significant increase from the previous year. Through workshops, consulting, and job quality training, business owners gained the tools needed to strengthen their operations and access new opportunities. With ongoing charitable support, BBCDC is positioned for greater impact across the Southeast. A joint effort with BBIF enhances the ability to provide localized financial technical assistance, fostering an envioronment where more businesses can succeed.
Expenses $2,220,439 · Grants $1,888,742 · Revenue $2,447,320
As filed on the 2023 return.
Listed in Part VII
-
Inez LongINEZ LONG
FORMER DIRECTOR
- Total calculated
- $451,106
- From this org
- $0
- From related orgs
- $451,106
- Other
- $0
- Hours/week
- 8
Schedule J breakdown matched by us
- Base
- $0 + $360,737 related
- Bonus
- $0 + $90,369 related
- Other
- $0
- Deferred
- $0 + $40,029 related
- Nontaxable benefits
- $0 + $34,857 related
- Filer's total
- $0 + $525,992 related
-
Duane LewisDUANE LEWIS
EXECUTIVE DIRECTOR
- Total calculated
- $230,599
- From this org
- $0
- From related orgs
- $230,599
- Other
- $0
- Hours/week
- 8
Schedule J breakdown matched by us
- Base
- $0 + $218,975 related
- Bonus
- $0 + $11,624 related
- Other
- $0
- Deferred
- $0 + $6,942 related
- Nontaxable benefits
- $0 + $34,857 related
- Filer's total
- $0 + $272,398 related
-
Oranie ReedORANIE REED
VICE PRESIDENT OF FINANCE
- Total calculated
- $203,726
- From this org
- $0
- From related orgs
- $203,726
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $192,511 related
- Bonus
- $0 + $11,215 related
- Other
- $0
- Deferred
- $0 + $6,112 related
- Nontaxable benefits
- $0 + $11,046 related
- Filer's total
- $0 + $220,884 related
-
Jasmine GebonJASMINE GEBON
V.P. STRATEGIC INITIATIVES
- Total calculated
- $185,547
- From this org
- $0
- From related orgs
- $185,547
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $174,209 related
- Bonus
- $0 + $11,338 related
- Other
- $0
- Deferred
- $0 + $34,857 related
- Nontaxable benefits
- $0 + $5,590 related
- Filer's total
- $0 + $225,994 related
-
Myrlande SimeonMYRLANDE SIMEON
REGI0NAL DIRECTOR
- Total calculated
- $128,265
- From this org
- $0
- From related orgs
- $128,265
- Other
- $0
- Hours/week
- 0
-
Donna DingleDONNA DINGLE
DIRECTOR OF COMPLIANCE
- Total calculated
- $116,042
- From this org
- $0
- From related orgs
- $116,042
- Other
- $0
- Hours/week
- 0
-
Lawrence ChukwuLAWRENCE CHUKWU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Susan BroschSUSAN BROSCH
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Kimberly RobinsonKIMBERLY ROBINSON
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Fozia AndargeFOZIA ANDARGE
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 4
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
-
BLACK BUSINESS INVESTMENT FD C FL
$1,000,000
FINTECH SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541199349302719
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