Overview
What is Tampa Bay Black Business Investment Inc?
Tampa Bay Black Business Investment Inc, located at 1920 E Hillsborough Ave, Tampa, Florida, is a nonprofit organization with a mission to empower minority-owned businesses. They offer financial assistance through loans or guarantees, aiding both potential and existing enterprises in their growth and development. With a team of three dedicated individuals, they strive to bolster the economic landscape of the minority business community within Florida.
Official website here: www.tampabc.com
Is Tampa Bay Black Business Investment Inc legitimate?
Tampa Bay Black Business Investment Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Tampa Bay Black Business Investment 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: $184,918
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,540
For more financial information, click here
Official website here: www.tampabc.com
What is the mission statement of Tampa Bay Black Business Investment Inc?
Tampa Bay Black Business Investment Inc is committed to providing financial assistance to new and developing minority-owned businesses. This is achieved through offering loans or guarantees to these businesses, aiming to support their growth and development. The organization has extended loan guarantees exceeding half a million dollars to both potential and existing minority businesses, demonstrating its dedication to fostering economic opportunities within the minority business community.
Official website here: www.tampabc.com
Who is the CEO of Tampa Bay Black Business Investment Inc?
Albert Lee is the President of Tampa Bay Black Business Investment Inc.
Official website here: www.tampabc.com
What is the revenue of Tampa Bay Black Business Investment Inc?
Tampa Bay Black Business Investment Inc's revenue in 2022 was $1,038,941.
Official website here: www.tampabc.com
Who are the executives of Tampa Bay Black Business Investment Inc and what are their salaries?
The average compensation at Tampa Bay Black Business Investment Inc during 2022 was $96,153. There are 3 employees and 4 volunteers at Tampa Bay Black Business Investment Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.tampabc.com
Where can I find the form 990 for Tampa Bay Black Business Investment Inc?
Tampa Bay Black Business Investment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tampabc.com
Learn more at the official website: www.tampabc.com
Mission Statement of Tampa Bay Black Business Investment Inc
Tampa Bay Black Business Investment Inc, as its name suggests, is committed to providing financial assistance to new and developing minority-owned businesses. This assistance takes the form of loans or guarantees, aiming to support the growth and success of these enterprises. By extending such financial aid, the organization plays a crucial role in fostering economic development within the minority business community. To date, Tampa Bay Black Business Investment Inc has offered loan guarantees exceeding half a million dollars to potential and existing minority businesses, demonstrating its dedication to this mission.
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Impact
October, 2024
Tampa Bay Black Business Investment Inc significantly impacts the local economy by providing essential financial assistance to new and developing minority-owned businesses. By offering loan guarantees totaling over $500,000, the organization empowers entrepreneurs to access the capital they need to grow and thrive. This support not only helps individual businesses succeed but also contributes to the overall economic development of the Tampa Bay area, fostering community improvement and promoting diversity in the business landscape. The initiative plays a crucial role in enhancing opportunities for minority entrepreneurs, ultimately driving job creation and economic vitality within the region.
This information is meant to be a general summary of Tampa Bay Black Business Investment 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $32,067
- Gross Receipts: $1,038,941
Assets and Liabilities:
- Total Assets: $6,356,119
- Total Liabilities: $4,864,914
- Net Assets: $1,491,205
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Organization Details
Founding Year
1987
Principal Officer
Albert Lee
Main Address
1920 E Hillsborough Ave, Tampa, FL, 33610
Website
www.tampabc.comNTEE Category
Code: S43 - Community improvement
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