- Revenue 2025
- $647,383
- Expenses 2025
- $937,851
Program services were 81.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- S41
- Classification
- 1200
- Street
- 2126 N MERIDIAN ST STE 230
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2025
Mission
To serve as a comprehensive resource for developing Black and Minority owned businesses, by providing business education, financing, and access to capital opportunities.
Activities or mission (Part I)
Our mission is to serve as a comprehensive resource for developing Black and Minorityowned businesses
-
Wealth Building Through Business Ownership is IBCCs premier 10 week business development cohort desinged to embrace entrepreneurship by providing the foundation necessary to equip business owners for long term success. Since the inception of our program in March 2019, IBCC is proud to have graduated over 170 black and minority owned entrepreneurs. In 2025, IBCC graduated 6 business education cohorts, including 3 Wealth Building Ownership cohorts and 3 Parachute cohorts, with 40 entrepreneurs completing our program.Participants strenghtened thier operational readiness, financial management skills, and leadership capacity while gaining access to capital pathways, industry professionals and expanded business networks.
-
Wealth Building Alumni Pitch Night-In 2025, IBCC hosted its first Wealth Building Alumni Ptich Night, extending support to graduates beyond their inital cohort experience. Alumni showcased the growth of their business while competing for $18,000 in capital awards, including $10,000 for first place, $5,000 for second place and $3,000 for third place.
-
Business Lending & Access to Capital- Across its lending and financial initiatives, IBCC deployed more than $200,000 directly to small business owners in 2025 to support working capital, business stabilization, and growth. IBCC was also selected as a recipient of the final round of Indianapolis African American Quality of Life Initiative (IAAQLI) funding to launch the G.R.O.W.T.H. Loan Program (Generating Resources for Operational Wellness & Technical Help), expanding access to capital paired with technical assistance for growing businesses
As filed on the 2025 return.
Officers and directors · 2025
As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
LARRY WILLIAMS
Executive Director
- Total calculated
- $114,000
- From this org
- $114,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
JAMIE WALTON
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
THOMAS GRIFFIN
Board Vice CoChair
- Total calculated
- $0
- Hours/week
- 0
-
COURTNEY BROOKINS
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
GARY NAYLOR
Board Chair
- Total calculated
- $0
- Hours/week
- 0
-
RENEA GATES
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
IESHA VAUGHN
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
WENDELL STEWART
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
TERRY WHITT BAILEY
Board Member
- Total calculated
- $0
- Hours/week
- 0
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. Earlier years are each on their own filing page.
Filings
-
2025
- Revenue
- $647,383
- Expenses
- $937,851
- Contributions
- $638,685
- Grants paid
- $0
-
2024
- Revenue
- $931,064
- Expenses
- $862,445
- Contributions
- $916,986
- Grants paid
- $0
-
2023
- Revenue
- $673,752
- Expenses
- $615,116
- Contributions
- $663,233
- Grants paid
- $0
-
2022
- Revenue
- $789,345
- Expenses
- $448,276
- Contributions
- $688,062
- Grants paid
- $25,000
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $493,697
- Expenses
- $272,113
- Assets (EOY)
- $442,174
-
2020 · 990
- Revenue
- $243,325
- Expenses
- $231,310
- Assets (EOY)
- $19,287
-
2019 · 990-EZ
- Revenue
- $92,151
- Expenses
- $90,906
- Assets (EOY)
- $6,625
-
2019 · 990-EZ
- Revenue
- $92,101
- Expenses
- $90,906
- Assets (EOY)
- $6,575
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Form 990-N e-Postcard, tax year 2019
- Tax period
- 1 January 2019 to 31 December 2019
- Principal officer
- Larry Williams Jr
- Mailing address
- PO Box 40843Indianapolis IN 46260
As filed, from the IRS e-Postcard file of 19 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
2024 SEE PART IV
-
$500,000
2022 DIRECT GRANTS TO SMALL BUSINESSES
-
$300,000
2023 DIRECT GRANTS TO SMALL BUSINESSES
-
$200,000
2024 DIRECT GRANTS TO SMALL BUSINESSES
-
2023 SEE PART IV
-
$100,050
2025 GENERAL SUPPORT
-
2022 SEE PART IV
-
$40,000
2024 IBCC Operational Support
-
$35,000
2022 Chamber 465 Co-working Space
-
$20,000
2023 TECHNICAL ASSISTANCE GRANT
The 10 largest by cash amount. The API serves every itemized grant.
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.