Overview
What is Palm Beach County Black Business Invest Corp?
Palm Beach County Black Business Invest Corp is a nonprofit organization situated in Riviera Beach, Florida. Their primary objective is to support small, black-owned businesses by offering loan guarantees, financial literacy, and technical assistance. Through these initiatives, the organization has successfully created 67 full and part-time employment opportunities in the county. The corporation operates with a dedicated team of three individuals.
Is Palm Beach County Black Business Invest Corp legitimate?
Palm Beach County Black Business Invest Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Palm Beach County Black Business Invest Corp 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.
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Other Salaries and Wages: $196,441
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What is the mission statement of Palm Beach County Black Business Invest Corp?
The Palm Beach County Black Business Invest Corp is committed to providing loan guarantees, financial literacy, and technical assistance for small businesses owned by individuals within the Black community. Their mission is geared towards empowering these entrepreneurs, thereby contributing to the creation of employment opportunities. As a result of their activities, the organization has successfully facilitated the generation of 67 full and part-time jobs in Palm Beach County.
Who is the CEO of Palm Beach County Black Business Invest Corp?
Marlon White is the Chairman of Palm Beach County Black Business Invest Corp.
What is the revenue of Palm Beach County Black Business Invest Corp?
Palm Beach County Black Business Invest Corp's revenue in 2022 was $106,296.
Who are the executives of Palm Beach County Black Business Invest Corp and what are their salaries?
The average compensation at Palm Beach County Black Business Invest Corp during 2022 was $65,480. There are 3 employees at Palm Beach County Black Business Invest Corp.
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Where can I find the form 990 for Palm Beach County Black Business Invest Corp?
Palm Beach County Black Business Invest Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Palm Beach County Black Business Invest Corp
Palm Beach County Black Business Invest Corp, as its name suggests, is an organization dedicated to supporting small black-owned businesses. Its primary mission is threefold: providing loan guarantees, fostering financial literacy, and offering technical assistance. This trio of services aims to empower these businesses, enabling them to grow and create new employment opportunities. As a result of its activities, the corporation has successfully created 67 full and part-time jobs within Palm Beach County.
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Impact
October, 2024
Palm Beach County Black Business Invest Corp has made a significant impact on the local economy by supporting small Black-owned businesses through a range of financial services and educational initiatives. By providing loan guarantees, the organization has enabled entrepreneurs to secure funding that may have otherwise been inaccessible. This support not only empowers business owners but also stimulates job creation, as seen by the addition of 67 full and part-time jobs in Palm Beach County.
The organization emphasizes financial literacy and technical assistance, equipping business owners with the necessary skills and knowledge to thrive in a competitive market. Through these resources, Palm Beach County Black Business Invest Corp fosters community improvement and economic development, contributing to a more equitable business landscape in the area. With its dedicated efforts, the organization plays a crucial role in uplifting the Black business community, promoting sustainable growth, and enhancing the overall economic vitality of Riviera Beach and beyond.
This information is meant to be a general summary of Palm Beach County Black Business Invest Corp. 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: -$477,029
- Program Service Revenue: $14,355
- Gross Receipts: $106,296
Assets and Liabilities:
- Total Assets: $4,825,109
- Total Liabilities: $10,047
- Net Assets: $4,815,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$14,355
Organization Details
Founding Year
1987
Phone
(561) 845-8055Principal Officer
Marlon White
Main Address
2001 BROADWAY, RIVIERA BEACH, FL, 33404
NTEE Category
Code: S43 - Community improvement
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