Overview
What is Black Brand?
Black Brand, serving as the Black Chamber of Commerce for the Hampton Roads, Virginia region, is a nonprofit organization dedicated to fostering group economics through professional advancement and community empowerment. Their mission encompasses uniting, educating, providing access, and fostering opportunities and development within the local, regional, and national community. In 2022, they supported 127 businesses, a majority of which offer essential services in Hampton Roads. They partnered with the City of Portsmouth Economic Development to grant funding to program graduates, organized community events, and provided capital opportunities for businesses. Furthermore, they offered technical assistance, virtual workshops, and networking opportunities to empower nonprofits and business owners. Black Brand's initiatives predominantly cater to low-income and military-affiliated communities, working tirelessly to transform their community's economic landscape.
Official website here: www.blackbrand.biz
Is Black Brand legitimate?
Black Brand is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Brand 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: $139,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $200,908
For more financial information, click here
Official website here: www.blackbrand.biz
What is the mission statement of Black Brand?
Black Brand, functioning as the Black Chamber of Commerce in the Hampton Roads, Virginia area, aims to foster group economics by focusing on professional development and community empowerment. Their mission is to transform communities at a local, regional, and national level through unity, education, access, opportunity, and development. In 2022, approximately 40% of their program participants resided in low or moderate income zones, and 20% were affiliated with the military.
Official website here: www.blackbrand.biz
What is the revenue of Black Brand?
Black Brand's revenue in 2023 was $1,311,900.
Official website here: www.blackbrand.biz
Who are the executives of Black Brand and what are their salaries?
The average compensation at Black Brand during 2023 was $48,578. There are 7 employees and 41 volunteers at Black Brand.
Here are 11 key members and their salaries:
- Compensation: $98,541
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $31,000
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $6,546
- Related: $0
- Other: $0
- Compensation: $3,050
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.blackbrand.biz
Where can I find the form 990 for Black Brand?
Black Brand's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.blackbrand.biz
Learn more at the official website: www.blackbrand.biz
Mission Statement of Black Brand
Black Brand, short for Business Research Analytics Networking and Development, serves as the Black Chamber of Commerce for the Hampton Roads, VA area. Their mission is centered around promoting group economics through professional development and community empowerment. As the Black Chamber of Commerce, their objective is to transform local, regional, and national communities by fostering unity, education, access, opportunity, and development. In 2022, 40% of their program participants resided in low or moderate income zip codes, and 20% were military affiliated, demonstrating their commitment to supporting underserved communities.
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Impact
July, 2024
Black Brand has made a significant impact on the Hampton Roads area by nurturing 127 businesses through the B-Force Accelerator program in 2022. These businesses, many of which provide critical services in the community, received technical assistance and support in various ways. Additionally, Black Brand's partnerships with the City of Portsmouth Economic Development led to program graduates qualifying for grants. The organization also facilitated community engagement through curated events, cash mob initiatives, and collaboration opportunities, resulting in successful joint ventures and capital opportunities for businesses. Furthermore, through initiatives like the Impact Collective, Black Brand members gained access to valuable resources for strengthening their organizations and securing funding. The Black Diamond Weekend, with over 50 hours of content and 75 speakers, provided essential social, financial, and knowledge capital to over 300 participants, including grants awarded to tech-based Black-owned businesses and recognition for key leaders in different categories. Through various forms of technical assistance, Black Brand provided over 4,000 hours of support to program participants, helping them enhance their business models, operations, collaboration, revenue growth, and access to capital.
This information is meant to be a general summary of Black Brand. 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 2023.
- Investment Income: $319
- Program Service Revenue: $538,540
- Gross Receipts: $1,311,900
Assets and Liabilities:
- Total Assets: $609,830
- Total Liabilities: $295,858
- Net Assets: $313,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES/MEETINGS
Revenue
$281,436
BLACK DIAMOND WEEKEND
Revenue
$257,104
Organization Details
Founding Year
2016
Principal Officer
Blair Durham
Website
www.blackbrand.bizNTEE Category
Code: S31 - Community improvement
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