Overview
What is Northwest Florida Black Business Investment Corporation?
The Northwest Florida Black Business Investment Corporation is a nonprofit organization situated in Tallahassee, Florida. Its primary mission is to aid in the financing of projects for businesses owned and operated by African Americans. To achieve this goal, the organization has established a capital fund, which offers loans to developing, minority-owned businesses. As of now, Northwest Florida Black Business Investment Corporation holds 24 secured notes for African-American-owned businesses, demonstrating its commitment to supporting the growth and success of these enterprises.
Is Northwest Florida Black Business Investment Corporation legitimate?
Northwest Florida Black Business Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Northwest Florida Black Business Investment Corporation 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: $52,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Northwest Florida Black Business Investment Corporation?
The Northwest Florida Black Business Investment Corporation's mission is to facilitate the financing of projects undertaken by African-Americans. This organization plays a crucial role in providing financial support for the development of businesses owned and operated by African-Americans. To accomplish this, they have established a capital fund, which offers loans to emerging, minority-owned businesses. Currently, the corporation holds 24 secured notes for African-American-owned businesses.
Who is the CEO of Northwest Florida Black Business Investment Corporation?
Sherwood Brown Sr is the Executive Di of Northwest Florida Black Business Investment Corporation.
What is the revenue of Northwest Florida Black Business Investment Corporation?
Northwest Florida Black Business Investment Corporation's revenue in 2021 was $144,793.
Who are the executives of Northwest Florida Black Business Investment Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $52,000
- 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
Where can I find the form 990 for Northwest Florida Black Business Investment Corporation?
Northwest Florida Black Business Investment Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Northwest Florida Black Business Investment Corporation
The Northwest Florida Black Business Investment Corporation is committed to facilitating the financing of projects undertaken by African-Americans. This mission-driven organization aims to create a capital fund, which provides loans to developing, minority-owned businesses. By doing so, it supports the growth and development of businesses owned and operated by African-Americans, currently holding 24 secured notes for these businesses. In essence, the Northwest Florida Black Business Investment Corporation serves as a financial catalyst, empowering African-American entrepreneurs and contributing to the economic growth within the African-American community.
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Impact
October, 2024
The Northwest Florida Black Business Investment Corporation significantly impacts the economic landscape by facilitating the financing of projects implemented by African-Americans. It plays a crucial role in supporting the development of minority-owned businesses through a dedicated capital fund, which provides essential loans. This initiative enables entrepreneurs from the African-American community to access the necessary funding to grow and sustain their businesses.
With a portfolio that includes 24 secured notes to African-American owned businesses, the organization demonstrates its commitment to fostering economic empowerment and community improvement in Tallahassee and surrounding areas. By directly addressing the financing challenges that many minority entrepreneurs face, the Northwest Florida Black Business Investment Corporation not only enhances individual business growth but also contributes to the broader economic vitality of the region.
This information is meant to be a general summary of Northwest Florida Black Business Investment Corporation. 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 2021.
- Investment Income: $144,793
- Gross Receipts: $144,793
Assets and Liabilities:
- Total Assets: $4,322,118
- Total Liabilities: $1,842,634
- Net Assets: $2,479,484
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Organization Details
Founding Year
1991
Phone
(850) 893-5100Principal Officer
Sherwood Brown Sr
Main Address
PO BOX 10782, TALLAHASSEE, FL, 323022782
NTEE Category
Code: S43 - Community improvement
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