Overview
What is Black Business Alliance- Peoria Chapter?
The Black Business Alliance-Peoria Chapter is a nonprofit organization situated at 2139 SW Adams Street, Peoria, Illinois. With a team of eight dedicated individuals, their primary focus is to offer education, consulting, and training to entrepreneurs. They achieve this objective through their partnership with MBDC Radio and the Minority Business Development Center. The organization's mission is to empower and support the growth of businesses within the black community, contributing to the overall economic development in the area.
Official website here: www.bbapeoria.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Black Business Alliance - Peoria Chapter has received an 83% rating from Charity Navigator, indicative of a solid performance in accountability and finance. This score is derived exclusively from their accountability and finance metrics, showcasing the organization’s commitment to maintaining transparency and responsible management of funds.
Strengths noted include a fully independent board with 100% board members being independent, a low liabilities to assets ratio of 18.92%, and a high program expense ratio of 71.31%, suggesting that a significant portion of their expenses is directed towards their programs. They also have a well-documented policy for conflicts of interest and maintain accurate board meeting minutes, which enhances their credibility.
However, there are limitations in their governance practices, particularly the absence of a whistleblower policy and a document retention policy. These gaps indicate areas for improvement in their operational protocols that could further enhance their accountability and transparency. Overall, while the organization demonstrates significant strengths, addressing these limitations could bolster their standing even further.
This AI summary has been generated from information found on Charity Navigator.
Is Black Business Alliance- Peoria Chapter legitimate?
Black Business Alliance- Peoria Chapter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Business Alliance- Peoria Chapter 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: $141,928
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,446
For more financial information, click here
Official website here: www.bbapeoria.org
What is the mission statement of Black Business Alliance- Peoria Chapter?
The Black Business Alliance-Peoria Chapter, as part of its mission, focuses on delivering education, consulting, and training to aspiring entrepreneurs. This is achieved through collaboration with the Minority Business Development Center (MBDC). Their goal is to equip individuals with the necessary skills and resources to successfully establish and operate their businesses. Additionally, they utilize MBDC Radio as a platform to further disseminate this knowledge, broadening its reach and impact.
Official website here: www.bbapeoria.org
Who is the CEO of Black Business Alliance- Peoria Chapter?
Denise Moore is the Executive Director of Black Business Alliance- Peoria Chapter.
Official website here: www.bbapeoria.org
What is the revenue of Black Business Alliance- Peoria Chapter?
Black Business Alliance- Peoria Chapter's revenue in 2022 was $483,188.
Official website here: www.bbapeoria.org
Who are the executives of Black Business Alliance- Peoria Chapter and what are their salaries?
The average compensation at Black Business Alliance- Peoria Chapter during 2022 was $25,672. There are 8 employees and 6 volunteers at Black Business Alliance- Peoria Chapter.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bbapeoria.org
Where can I find the form 990 for Black Business Alliance- Peoria Chapter?
Black Business Alliance- Peoria Chapter's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbapeoria.org
Learn more at the official website: www.bbapeoria.org
Mission Statement of Black Business Alliance- Peoria Chapter
The Black Business Alliance-Peoria Chapter is committed to empowering entrepreneurs by offering educational resources, consulting, and training services. This is achieved through its collaboration with the Minority Business Development Center (MBDC). The organization's mission is to provide entrepreneurs with the necessary tools and support to navigate their business ventures effectively. This is accomplished through various means, including the utilization of MBDC Radio, a platform that further extends their reach and influence. By offering these services, the Black Business Alliance-Peoria Chapter aims to foster the growth and success of businesses owned by individuals from underrepresented communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Black Business Alliance- Peoria Chapter's impact is seen through the valuable education, consulting, and training they offer to entrepreneurs in the Peoria area. Through programs like MBDC Radio, they equip individuals with the knowledge and skills needed to succeed in business. By focusing on community improvement, they are directly contributing to the empowerment and growth of local businesses and aspiring entrepreneurs in Peoria, Illinois. Their efforts play a crucial role in fostering a more vibrant and resilient business environment in the region.
This information is meant to be a general summary of Black Business Alliance- Peoria Chapter. 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 2022.
- Investment Income: $1
- Program Service Revenue: $133,751
- Gross Receipts: $483,188
Assets and Liabilities:
- Total Assets: $711,141
- Total Liabilities: $134,565
- Net Assets: $576,576
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Radio Sponsorships
Revenue
$17,380
Radio Announcements
Revenue
$42,430
Office Space Usage
Revenue
$23,847
Revenue from Programs
Revenue
$50,094
Organization Details
Founding Year
2016
Phone
(309) 966-3989Principal Officer
Denise Moore
Main Address
2139 SW Adams Street, Peoria, IL, 61602
Website
www.bbapeoria.orgNTEE Category
Code: S43 - Community improvement
If you are a representative of Black Business Alliance- Peoria Chapter and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.