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The Black Business Alliance Inc

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

EIN: 475102290 ✦ New haven, CT ✦ Designated as a 501(c)(6)

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Overview

What is The Black Business Alliance Inc?

The Black Business Alliance Inc, located at 419 Whalley Avenue 202B, New Haven, CT 06511, is a nonprofit organization dedicated to supporting and empowering local and statewide Black and minority businesses. Their mission is to act as a primary collaborative entity, fostering a culture of mini ecosystems that encourages self-worth, capacity building, and community inclusion. Through their activities, they provide outreach and assistance in helping these businesses access much-needed capital. With a workforce of six individuals, they strive to create an inclusive environment that promotes the growth and success of minority-owned businesses.


Official website here: www.bbusinessalliance.org

Is The Black Business Alliance Inc legitimate?

The Black Business Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Black Business Alliance 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: $202,180

For more financial information, click here


Official website here: www.bbusinessalliance.org

What is the mission statement of The Black Business Alliance Inc?

The Black Business Alliance Inc serves as a primary collaborative entity for local and statewide Black and minority businesses. Its mission is centered around fostering a culture of mini ecosystems, aiming to build self-worth, capacity building, and community inclusion. This organization strives to create an environment that empowers these businesses, providing them with the necessary tools to thrive. In addition to its mission, The Black Business Alliance Inc offers outreach and support services to help minority businesses gain access to capital. This strategic approach aims to strengthen these businesses and contribute to the overall growth and inclusivity of the community.


Official website here: www.bbusinessalliance.org

Who is the CEO of The Black Business Alliance Inc?

Douglas Burke is the Board Member of The Black Business Alliance Inc.


Official website here: www.bbusinessalliance.org

What is the revenue of The Black Business Alliance Inc?

The Black Business Alliance Inc's revenue in 2022 was $912,074.


Official website here: www.bbusinessalliance.org

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

The average compensation at The Black Business Alliance Inc during 2022 was $33,697. There are 6 employees at The Black Business Alliance Inc.


Here are 3 key members and their salaries:


Willie Mcbride (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Burke (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Stewart (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bbusinessalliance.org

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

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


Official website here: www.bbusinessalliance.org

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

Mission Statement of The Black Business Alliance Inc

The Black Business Alliance Inc serves as a primary collaborative entity for local and statewide Black and minority businesses. Their mission is centered around fostering a culture of mini ecosystems, aiming to build self-worth, capacity, and promote community inclusion among these businesses. This organization strives to create an environment that encourages growth and empowerment, ultimately contributing to a more inclusive business community. Their primary focus is on collaboration, aiming to build a network that supports these businesses in their journey towards success.

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Impact




October, 2024

The Black Business Alliance Inc significantly impacts local and statewide Black and minority businesses by fostering collaborative environments that promote self-worth, capacity building, and community inclusion. By creating mini ecosystems, the organization cultivates a strong sense of community among entrepreneurs, enabling them to share resources and support one another.

Through outreach and support services, The Black Business Alliance Inc helps minority businesses access the capital necessary for growth and sustainability. This financial accessibility empowers these businesses to thrive, helping to address systemic inequalities and enhance the economic vitality of the community. Ultimately, the organization strengthens the fabric of the local economy in New Haven, CT, by advocating for and supporting minority entrepreneurship, which contributes to broader community improvement and resilience.




This information is meant to be a general summary of The Black Business Alliance 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
$912,074 (2022)
Expenses
$674,234 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $912,074

Assets and Liabilities:

  • Total Assets: $268,591
  • Total Liabilities: $159,656
  • Net Assets: $108,935

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Organization Details

Founding Year

2015

Principal Officer

Douglas Burke

Main Address

419 WHALLEY AVENUE 202B, NEW HAVEN, CT, 06511

NTEE Category

Code: S40 - Community improvement

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