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The Business Council Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391853515 ✦ Milwaukee, WI ✦ Designated as a 501(c)(3)

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Overview

What is The Business Council Inc?

The Business Council Inc is a nonprofit organization devoted to assisting small businesses, with a special focus on the ethnically diverse sector. Their mission encompasses offering educational resources, training programs, and consolidated tools to better facilitate interaction among businesses. Through various programs, including other service expenses, they strive to bolster the growth and success of these small enterprises.


Official website here: www.mmac.org

Is The Business Council Inc legitimate?

The Business Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Business Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mmac.org

What is the mission statement of The Business Council Inc?

The Business Council Inc's mission is centered around supporting small businesses, specifically those within the ethnically diverse community. They accomplish this through various means, including education and training, providing consolidated resources, and fostering increased interaction among businesses. Their goal is to strengthen this community and contribute to its growth. Their activities encompass a range of program service expenses.


Official website here: www.mmac.org

Who is the CEO of The Business Council Inc?

Marjorie Rucker is the Director of The Business Council Inc.


Official website here: www.mmac.org

What is the revenue of The Business Council Inc?

The Business Council Inc's revenue in 2022 was $786,185.


Official website here: www.mmac.org

Who are the executives of The Business Council Inc and what are their salaries?


Here are 5 key members and their salaries:


Marjorie Rucker (Director)
  • Compensation: $50,278
  • Related: $0
  • Other: $0
Darren Fisher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seaphes Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ugo Nwagbaraocha (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Minoo Seifoddmi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mmac.org

Where can I find the form 990 for The Business Council Inc?

The Business Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mmac.org

Learn more at the official website: www.mmac.org

Mission Statement of The Business Council Inc

The Business Council Inc, a prominent organization, is dedicated to providing support and resources to small businesses. Their primary mission is to advocate for and assist the ethnically diverse business community. They achieve this by offering education and training programs, consolidating resources, and encouraging increased interaction between businesses. This approach aims to empower and strengthen the small business sector, ultimately contributing to a more vibrant and inclusive economic landscape.

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Impact




July, 2024

The Business Council Inc makes a significant impact by providing crucial support and resources to small businesses. Through its mission of supporting the ethnically diverse business community, the organization offers education, training, and consolidated resources to help businesses thrive. By promoting increased interaction among businesses, The Business Council Inc plays a vital role in fostering a strong and vibrant business environment. Their programs and services are essential in empowering small businesses and contributing to the overall economic growth and prosperity of the community.




This information is meant to be a general summary of The Business Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$786,185 (2022)
Expenses
$575,940 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9
  • Program Service Revenue: $22,864
  • Gross Receipts: $786,185

Assets and Liabilities:

  • Total Assets: $264,674
  • Total Liabilities: $0
  • Net Assets: $264,674

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$22,864

Organization Details

Founding Year

1997

Principal Officer

Marjorie Rucker

Main Address

756 N MILWAUKEE STREET, MILWAUKEE, WI, 53202

NTEE Category

Code: T70 - Philanthropy

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