Overview
What is Rhode Island Black Business Association?
The Rhode Island Black Business Association, based in Providence, is a nonprofit organization that strives to boost the growth and expansion of Black and minority-owned businesses in the state. They achieve this goal through various initiatives, including one-on-one business development assistance, access to capital, entrepreneurial training, advocacy for business interests, and workforce development. With a team of nine dedicated individuals, they provide resources and support to help these businesses thrive and contribute to the local economy.
Official website here: www.ri-bba.com
Is Rhode Island Black Business Association legitimate?
Rhode Island Black Business Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rhode Island Black Business Association 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: $168,508
Professional Fundraising Fees: $48,283
Other Salaries and Wages: $495,601
For more financial information, click here
Official website here: www.ri-bba.com
What is the mission statement of Rhode Island Black Business Association?
The Rhode Island Black Business Association, as a non-profit organization, is committed to enhancing the prospects and thriving nature of Black and minority-owned businesses and professionals. They achieve this mission by providing access to capital, business development resources, entrepreneurial training, advocacy, and workforce development opportunities. This non-profit organization's programs and services are designed to aid Black businesses in their growth through one-on-one business development assistance.
Official website here: www.ri-bba.com
What is the revenue of Rhode Island Black Business Association?
Rhode Island Black Business Association's revenue in 2023 was $1,577,829.
Official website here: www.ri-bba.com
Who are the executives of Rhode Island Black Business Association and what are their salaries?
The average compensation at Rhode Island Black Business Association during 2023 was $132,822. There are 5 employees at Rhode Island Black Business Association.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ri-bba.com
Where can I find the form 990 for Rhode Island Black Business Association?
Rhode Island Black Business Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ri-bba.com
Learn more at the official website: www.ri-bba.com
Mission Statement of Rhode Island Black Business Association
The Rhode Island Black Business Association is a non-profit organization with a mission to enhance the prospects and thriving nature of Black and minority-owned businesses and professionals in Rhode Island. This is achieved through various means, including facilitating access to capital, supplying business development resources, offering entrepreneurial training, advocating for businesses, and promoting workforce development. The association's programs and services are designed to aid Black businesses in their growth, providing them with one-on-one business development assistance.
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Impact
October, 2024
The Rhode Island Black Business Association plays a vital role in enhancing the growth and sustainability of Black and minority businesses in the state. Through personalized business development assistance, the association empowers entrepreneurs by providing access to essential resources, capital, and training. Its mission focuses on fostering a supportive environment where Black and minority professionals can thrive, ensuring they have the tools needed for success.
By advocating for these businesses and facilitating workforce development, the association not only strengthens individual enterprises but also contributes to community improvement and economic vitality in Rhode Island. Its programs are designed to address the unique challenges faced by minority entrepreneurs, making a significant impact on the overall landscape of business in the region.
This information is meant to be a general summary of Rhode Island Black Business Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $30,734
- Program Service Revenue: $394,680
- Gross Receipts: $1,577,829
Assets and Liabilities:
- Total Assets: $1,433,712
- Total Liabilities: $131,187
- Net Assets: $1,302,525
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
4a Business Devt Assistance
Revenue
$170,089
4b Supporting young adults
Revenue
$224,591
Organization Details
Founding Year
2011
Principal Officer
Lisa Ranglin
Website
www.ri-bba.comNTEE Category
Code: S41 - Community improvement
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