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Liberian Business Association In The Diaspora

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 813454753 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Liberian Business Association In The Diaspora?

The Liberian Business Association In The Diaspora is a nonprofit organization situated in Minneapolis, Minnesota. Its primary mission is to safeguard the interests of Liberian minority-owned businesses and uphold the principles of free competitive enterprise. During the COVID-19 pandemic, they spearheaded a Business Enhancement Grant, targeting 30 micro and small businesses residing in Brooklyn Park. Through this initiative, they provided essential resources such as education, computer equipment, software, and financial aid to help these businesses overcome financial challenges.


Official website here: www.libausa.org

Is Liberian Business Association In The Diaspora legitimate?

Liberian Business Association In The Diaspora is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liberian Business Association In The Diaspora 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: $0

For more financial information, click here


Official website here: www.libausa.org

What is the mission statement of Liberian Business Association In The Diaspora?

The Liberian Business Association In The Diaspora's mission is centered around safeguarding the interests of Liberian minority-owned businesses while upholding the principles of free competitive enterprise. Their primary objective is to aid micro and small-scale minority-owned businesses in overcoming financial difficulties. As part of their mission, they have implemented initiatives such as the COVID-19 Business Enhancement Grant, which identifies eligible businesses and provides them with educational resources, computer equipment, software, and financial assistance to help alleviate their financial hardships.


Official website here: www.libausa.org

Who is the CEO of Liberian Business Association In The Diaspora?

Jackson K George is the Principal Officer of Liberian Business Association In The Diaspora.


Official website here: www.libausa.org

What is the revenue of Liberian Business Association In The Diaspora?

Liberian Business Association In The Diaspora's revenue in 2021 was $250,826.


Official website here: www.libausa.org

Who are the executives of Liberian Business Association In The Diaspora and what are their salaries?


Here are 5 key members and their salaries:


Dr Thomas Tweh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Rennie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rep Naquette Ricks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Stellajefferies Jefferies (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank K Ngafua (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.libausa.org

Where can I find the form 990 for Liberian Business Association In The Diaspora?

Liberian Business Association In The Diaspora's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.libausa.org

Learn more at the official website: www.libausa.org

Mission Statement of Liberian Business Association In The Diaspora

The Liberian Business Association In The Diaspora is a nonprofit organization with a mission to safeguard the interests of Liberian minority-owned businesses, while advocating for the preservation of free competitive enterprise. At its core, this association aims to assist micro and small minority-owned businesses in overcoming financial hardships. To achieve this, they have implemented initiatives such as the COVID-19 Business Enhancement Grant, which identified and provided educational resources, computer equipment, software, and monetary assistance to 30 such businesses residing in Brooklyn Park. By offering these support services, the Liberian Business Association In The Diaspora strives to help these businesses navigate through financial challenges and thrive in their respective industries.

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Impact




October, 2024

The Liberian Business Association In The Diaspora has made a significant impact on micro and small minority-owned businesses, particularly in Brooklyn Park. By implementing programs like the COVID-19 Business Enhancement Grant, the association has directly addressed financial challenges faced by these businesses during a critical time.

Through the grant, 30 local businesses received essential resources, including education, computer equipment, and software, which equipped them to navigate the economic difficulties brought on by the pandemic. Additionally, cash assistance provided immediate relief, enabling these enterprises to stabilize their operations and continue serving their communities.

The association plays a vital role in protecting the interests of Liberian minority-owned businesses while promoting the preservation of free competitive enterprise. This commitment not only supports economic growth within the diaspora but also fosters a stronger sense of community and resilience among entrepreneurs. Overall, the Liberian Business Association In The Diaspora is a key player in improving the economic landscape for minority-owned businesses, facilitating both immediate assistance and long-term sustainability.




This information is meant to be a general summary of Liberian Business Association In The Diaspora. 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.

Revenue
$250,826 (2021)
Expenses
$252,628 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $250,826

Assets and Liabilities:

  • Total Assets: $5,956
  • Total Liabilities: $0
  • Net Assets: $5,956

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

COVID19 Business Enha

Organization Details

Founding Year

2016

Principal Officer

Jackson K George

Main Address

6248 LAKELAND AVENUE NORTH Ste 206, Minneapolis, MN, 55428

NTEE Category

Code: S03 - Community improvement

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