Overview
What is Black Business Community Development Corporation?
The Black Business Community Development Corporation (BBCDC) is a 501(c)(3) non-profit organization, established in 1993, located in Orlando, Florida. Its primary mission is to foster the growth of minority businesses, irrespective of race, ethnicity, or gender. During the challenging period of the COVID-19 pandemic, BBCDC offered essential financial and technical assistance to Black, minority, and other underserved small businesses in Florida. They conducted workshops and sessions to bolster these businesses, providing them with financial literacy and education, thereby setting them up for long-term success. BBCDC's efforts in FY 2021-2022 resulted in over 669 training hours and 478 training sessions. The organization continues its charitable work, aiming for increased impact in the Southeast region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Black Business Community Development Corporation has achieved an 80% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates a strong governance structure with a fully independent board and effective management of assets, as evidenced by perfect scores in several key areas such as board member independence and document retention processes.
Despite its strengths in governance and program expenses, the organization faces challenges in fundraising efficiency, having received a score of $0.00 in this category. This indicates that the charity may need to enhance its strategies for fundraising to ensure sustainability and operational growth. Overall, while the organization shows promise in its financial management, improving fundraising efforts could help bolster its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Black Business Community Development Corporation legitimate?
Black Business Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Business Community Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,670
For more financial information, click here
What is the mission statement of Black Business Community Development Corporation?
The Black Business Community Development Corporation, established in 1993, is a 501(C)(3) non-profit entity that operates with a mission to foster the growth of minority businesses, regardless of race, ethnicity, or gender. This organization provides educational and networking opportunities to support this development. During challenging times like the COVID-19 pandemic, BBCDC offered vital support to businesses rebounding, hosting sessions and providing financial literacy and educational workshops to ensure their long-term success. In the 2021-2022 financial year, BBCDC offered over 669 training hours and 478 training sessions. Through charitable donations, the corporation aims to expand its impact in the Southeast region.
Who is the CEO of Black Business Community Development Corporation?
Inez Long is the Director of Black Business Community Development Corporation.
What is the revenue of Black Business Community Development Corporation?
Black Business Community Development Corporation's revenue in 2022 was $3,050,357.
Who are the executives of Black Business Community Development Corporation and what are their salaries?
The average compensation at Black Business Community Development Corporation during 2022 was $19,670. There is 1 employee and 10 volunteers at Black Business Community Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $442,975
- Other: $0
- Compensation: $0
- Related: $150,345
- Other: $0
- Compensation: $0
- Related: $144,977
- Other: $0
- Compensation: $0
- Related: $117,718
- Other: $0
- Compensation: $0
- Related: $106,590
- 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 Black Business Community Development Corporation?
Black Business Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Black Business Community Development Corporation
The Black Business Community Development Corporation, established in 1993, is a 501(c)(3) charitable organization with a mission to foster the growth of African American businesses and support the development of small, minority, and woman-owned businesses, regardless of race, ethnicity, or gender. This non-profit entity provides educational and networking opportunities to assist these businesses in overcoming challenges and thriving.
In line with its mission, BBCDC offers critical financial and technical assistance services to Black and minority-owned businesses throughout Florida. During the challenging times posed by the COVID-19 pandemic, the organization provided vital support to businesses rebounding, hosting sessions to help them navigate the economic and operational challenges. BBCDC also offers financial literacy and educational workshops, equipping these businesses with the tools necessary for long-term success. In the 2021-2022 fiscal year, BBCDC delivered over 669 training hours and 478 training sessions.
With ongoing charitable donations, BBCDC is positioned to make a greater impact in the Southeast region. The organization, in collaboration with its affiliate BBIF, plans to provide local financial and technical assistance, thereby empowering more businesses to contribute to the economic growth of the region. By supporting the development of minority businesses, BBCDC plays a significant role in promoting economic diversity and fostering a more inclusive business environment.
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Impact
July, 2024
The Black Business Community Development Corporation has had a significant impact on the development of African American businesses and the support of small, minority, and woman-owned businesses, regardless of race, ethnicity, or gender. In FY 2021-2022, BBCDC hosted sessions that provided crucial support to businesses recovering from the economic challenges brought about by the COVID-19 pandemic. Additionally, the organization offered financial literacy workshops and educational programs that positioned these businesses for long-term success. BBCDC conducted over 669 training hours and 478 training sessions during this period, empowering businesses to thrive and contribute to the economic growth of the Southeast region. Through charitable donations and collaboration with its affiliate BBIF, BBCDC is poised to have an even greater impact on the local business community in Orlando, Florida.
This information is meant to be a general summary of Black Business Community Development 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 2022.
- Gross Receipts: $3,050,357
Assets and Liabilities:
- Total Assets: $4,772,373
- Total Liabilities: $805,813
- Net Assets: $3,966,560
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Organization Details
Founding Year
1993
Phone
(407) 649-4780Principal Officer
Inez Long
Main Address
301 EAST PINE STREET, ORLANDO, FL, 32801
NTEE Category
Code: L82Z - Housing
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