Overview
What is National Black Business Support Corporation?
The National Black Business Support Corporation is a nonprofit organization committed to fostering economic growth among minority, disadvantaged, and small businesses. Its primary objective is to provide essential resources and aid, such as training and education programs, technology support, and guidance in marketing, management, and accounting systems. By offering these services, the corporation aims to empower these businesses, ultimately contributing to their overall development and success. The corporation's activities extend beyond mere support, reaching out to these businesses in various ways to help them thrive in their respective industries.
Official website here: www.nbbsc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The National Black Business Support Corporation has earned a strong 97% rating from Charity Navigator, reflecting its excellent performance in accountability and finance. This high score is entirely based on the Accountability & Finance beacon, indicating the organization's commitment to transparency and responsible management of funds. The presence of an entirely independent board and a low liabilities-to-assets ratio further enhances its financial stability.
The organization showcases robust governance practices, with all board members being independent and comprehensive policies in place, such as conflict of interest and whistleblower policies. Additionally, its program expense ratio of 93.03% suggests that a significant portion of its expenditures is directed towards its mission-driven programs, which is a positive sign for potential donors and supporters.
While the organization demonstrates strong financial health and governance, there are no specific mentions of programmatic outcomes or the impact it has had on the communities it serves. Potential supporters may want to seek additional details about its programs and results to gain a fuller picture of its effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is National Black Business Support Corporation legitimate?
National Black Business Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Black Business Support Corporation submitted a form 990EZ, 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.
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For more financial information, click here
Official website here: www.nbbsc.org
What is the mission statement of National Black Business Support Corporation?
The National Black Business Support Corporation is committed to fostering the economic growth of minority, disadvantaged, and small businesses. They achieve this by implementing training and educational programs, as well as providing technology support. Their efforts are geared towards assisting these businesses in various aspects, including marketing, management, and accounting systems. The corporation's goal is to empower these businesses to thrive and contribute positively to their communities.
Official website here: www.nbbsc.org
What is the revenue of National Black Business Support Corporation?
National Black Business Support Corporation's revenue in 2022 was $79,755.
Official website here: www.nbbsc.org
Who are the executives of National Black Business Support Corporation and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $25,500
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Official website here: www.nbbsc.org
Where can I find the form 990EZ for National Black Business Support Corporation?
National Black Business Support Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.nbbsc.org
Learn more at the official website: www.nbbsc.org
Mission Statement of National Black Business Support Corporation
The National Black Business Support Corporation is committed to fostering the economic growth of minority, disadvantaged, and small businesses. To achieve this, the organization implements training and educational programs, as well as provides technology support. This assistance aids these businesses in various aspects, including marketing, management, and accounting systems. In essence, the National Black Business Support Corporation aims to empower these businesses by equipping them with the necessary tools and knowledge to thrive in their respective industries.
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Impact
August, 2024
The National Black Business Support Corporation provides crucial support to minority, disadvantaged, and small businesses by offering training and education programs as well as technology support. By assisting these businesses with marketing, management, and accounting systems, the organization plays a significant role in enhancing economic development within these communities. Through its initiatives, the National Black Business Support Corporation contributes to the growth and sustainability of these businesses, ultimately leading to improved economic opportunities and community empowerment.
This information is meant to be a general summary of National Black Business Support 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.
- Program Service Revenue: $79,750
- Gross Receipts: $79,755
Assets and Liabilities:
- Total Assets: $215,952
- Total Liabilities: $47,650
- Net Assets: $168,302
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Organization Details
Principal Officer
Arbutas Washington
Website
www.nbbsc.orgNTEE Category
Code: S30 - Community improvement
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