Overview
What is Business Capacity Development Alliance Inc?
Business Capacity Development Alliance Inc, based in Brooklyn, New York, aims to establish a consortium of Black-owned businesses. This alliance seeks to empower business leaders within the Black community, encouraging their active participation in decision-making processes. By doing so, BCD Alliance aims to bolster the resources required to effect positive change within the community.
Official website here: www.bcdalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Business Capacity Development Alliance Inc holds a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is driven primarily by the organization's robust accountability practices, with a perfect score of 100% for having an entirely independent board. This structure aids in maintaining transparency and integrity within the organization.
The organization has demonstrated strong financial management, boasting a program expense ratio of 100%, indicating that all of its expenses are allocated to its programs. Additionally, it has a low liabilities to assets ratio of 3.21%, showcasing its financial stability. However, it is important to note that the charity is lacking in several policy areas, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which could impact its governance practices.
While the charity excels in key financial metrics and board independence, the absence of critical policies may raise concerns about its operational governance. Prospective donors and stakeholders might want to consider these factors when evaluating the overall effectiveness and reliability of Business Capacity Development Alliance Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Business Capacity Development Alliance Inc legitimate?
Business Capacity Development Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Capacity Development Alliance Inc 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: $164,670
For more financial information, click here
Official website here: www.bcdalliance.org
What is the mission statement of Business Capacity Development Alliance Inc?
The Business Capacity Development Alliance Inc is committed to establishing a consortium of Black-owned businesses. Their primary objective is to empower these business leaders, enabling them to secure a seat at the table and effectively contribute to the enhancement of resources required for community development and transformation. This alliance aims to foster change within communities by increasing the necessary resources.
Official website here: www.bcdalliance.org
Who is the CEO of Business Capacity Development Alliance Inc?
Janneh Wright is the CEO of Business Capacity Development Alliance Inc The CEO's salary of Business Capacity Development Alliance Inc is $0 and their total compensation is $0.
Official website here: www.bcdalliance.org
What is the revenue of Business Capacity Development Alliance Inc?
Business Capacity Development Alliance Inc's revenue in 2024 was $1,210,151.
Official website here: www.bcdalliance.org
Who are the executives of Business Capacity Development Alliance Inc and what are their salaries?
Here are 10 key members and their salaries (Business Capacity Development Alliance Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.bcdalliance.org
Where can I find the form 990 for Business Capacity Development Alliance Inc?
Business Capacity Development Alliance Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bcdalliance.org
Learn more at the official website: www.bcdalliance.org
Mission Statement of Business Capacity Development Alliance Inc
Business Capacity Development Alliance (BCD Alliance) is committed to establishing a consortium of Black-owned businesses, with the primary objective of fostering the growth and development of the Black community. By empowering business leaders, BCD Alliance aims to provide them with the necessary platform and resources to participate in decision-making processes, thereby contributing to the change required in their communities. The organization's mission is to enhance the collective strength of these Black-owned businesses, thereby increasing the resources available to drive positive change within the community.
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Impact
October, 2024
Business Capacity Development Alliance Inc significantly impacts the Black community by fostering a strong consortium of Black-owned businesses. By empowering business leaders to actively engage in community development, the Alliance enhances the collective voice and influence of Black entrepreneurs. This initiative not only increases access to essential resources but also promotes leadership opportunities within the community.
The efforts of BCD Alliance facilitate collaboration among business owners, enabling them to share knowledge, resources, and strategies that drive sustainable growth. As a result, Black-owned businesses gain a more substantial platform from which to advocate for community needs, fostering economic development and social progress. Through this empowerment, the Alliance plays a crucial role in addressing systemic inequalities and creating lasting change in Brooklyn and beyond. The focus on collaboration and resource sharing signifies a commitment to community improvement, ultimately leading to a stronger, more resilient Black community.
This information is meant to be a general summary of Business Capacity Development Alliance Inc. 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 2024.
- Program Service Revenue: $3,364
- Gross Receipts: $1,210,151
Assets and Liabilities:
- Total Assets: $196,806
- Total Liabilities: $7,608
- Net Assets: $189,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS INCOME
Revenue
$663
INTEREST INCOME
Revenue
$2,701
Organization Details
Founding Year
2020
Principal Officer
Janneh Wright
Website
www.bcdalliance.orgNTEE Category
Code: S43 - Community improvement
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