Overview
What is The Metropolitan Business League?
The Metropolitan Business League, situated in Richmond, Virginia, is a nonprofit organization committed to fostering the growth and success of minority-owned and women-owned businesses in the Richmond Metropolitan area. Their mission encompasses providing assistance and promotion for both start-ups and established businesses, offering a platform for networking and various opportunities. Based at 707 East Main Street, the League serves as a vital support system for the local business community, with a team of 9 dedicated individuals.
Official website here: www.thembl.com
What do the Facebook reviews say about The Metropolitan Business League?
100% of 7 reviewers on Facebook recommend The Metropolitan Business League. Here’s a summary of their insights:
Those who have interacted with the organization highlight its clear mission and dedication to helping businesses thrive. The appreciation for its initiatives is evident, with users expressing pride in their connection to the League, particularly noting the positive impact of individuals like Mr. Oliver Singleton.
Overall, the sentiment surrounds a strong endorsement of the League's efforts to support local businesses and entrepreneurs, underscoring its valuable role in the community.
This AI summary has been generated from reviews found on Facebook.
Is The Metropolitan Business League legitimate?
The Metropolitan Business League is a legitimate nonprofit organization registered as a 501(c)(4) entity. The Metropolitan Business League 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: $132,947
Professional Fundraising Fees: $0
Other Salaries and Wages: $390,444
For more financial information, click here
Official website here: www.thembl.com
What is the mission statement of The Metropolitan Business League?
The Metropolitan Business League serves as a vital foundation for the growth, assistance, and progression of small, minority, and women-owned businesses. Located in an unspecified area, the league offers a platform for businesses to showcase their operations through numerous networking opportunities. Its primary mission is to foster the development and advancement of these businesses, providing them with the necessary resources and support to thrive. The MBL's activities are geared towards supporting both start-ups and established businesses, with a focus on promoting their growth and success.
Official website here: www.thembl.com
What is the revenue of The Metropolitan Business League?
The Metropolitan Business League's revenue in 2024 was $283,476.
Official website here: www.thembl.com
Who are the executives of The Metropolitan Business League and what are their salaries?
The average compensation at The Metropolitan Business League during 2024 was $29,077. There are 18 employees and 20 volunteers at The Metropolitan Business League.
Here are 21 key members and their salaries:
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Official website here: www.thembl.com
Where can I find the form 990 for The Metropolitan Business League?
The Metropolitan Business League's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thembl.com
Learn more at the official website: www.thembl.com
Mission Statement of The Metropolitan Business League
The Metropolitan Business League, an instrumental entity, serves as a foundation for the growth, nurturing, and advancement of small, minority, and women-owned businesses in the Richmond and tri-cities regions. Its primary mission is to facilitate business expansion by offering a myriad of opportunities for networking and collaboration. The organization is committed to fostering a conducive environment for the development and promotion of both emerging and established businesses within this demographic. The Metropolitan Business League's programs and services are meticulously designed to provide assistance and encouragement, thereby contributing to the success of these enterprises.
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Impact
October, 2024
The Metropolitan Business League plays a crucial role in fostering the growth and success of small, minority, and women-owned businesses in the Richmond and tri-cities areas. By providing a robust support system, the MBL empowers entrepreneurs through various programs and services designed to facilitate both startup and ongoing business operations.
One of the core impacts of the MBL is its ability to create networking opportunities that connect businesses with resources, partnerships, and potential clients. This not only enhances visibility for these businesses but also stimulates collaboration and knowledge sharing among diverse entrepreneurs.
Moreover, the MBL addresses the unique challenges faced by minority and women-owned businesses, advocating for their needs and promoting equality within the local economic landscape. Through its dedicated efforts, the organization significantly contributes to community improvement by bolstering economic development, creating jobs, and fostering a vibrant business ecosystem that reflects the diversity of Richmond and its surrounding areas.
This information is meant to be a general summary of The Metropolitan Business League. 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 2024.
- Investment Income: $481
- Program Service Revenue: $29,788
- Gross Receipts: $283,476
Assets and Liabilities:
- Total Assets: $133,761
- Total Liabilities: $28,263
- Net Assets: $105,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Miscellaneous
Revenue
$22,510
Membership Events
Revenue
$7,278
Bridging Virginia
Revenue
$0
Organization Details
Founding Year
1971
Principal Officer
Floyd E Miller Ii
Website
www.thembl.comNTEE Category
Code: S43 - Community improvement
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