Beverly Gray Business Exchange Center Inc

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

EIN: 853125463 ✦ Buffalo, NY ✦ Designated as a 501(c)(3)

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Overview

What is Beverly Gray Business Exchange Center Inc?

Beverly Gray Business Exchange Center Inc is a nonprofit organization located in Buffalo, New York, specifically at 334 E Utica Street. Their primary mission is to support and empower underrepresented and BIPOC entrepreneurs in the Buffalo community. By establishing a premier entrepreneurial service organization, they aim to foster business growth and development, thereby creating opportunities for generational wealth and community building. The organization operates with a commitment to equity, inclusion, and innovation, aiming to increase the success rate of minority entrepreneurs from high potential to high growth.


Official website here: www.theexchangeatbeverlygray.org

Is Beverly Gray Business Exchange Center Inc legitimate?

Beverly Gray Business Exchange Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beverly Gray Business Exchange Center 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: $107,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,456

For more financial information, click here


Official website here: www.theexchangeatbeverlygray.org

What is the mission statement of Beverly Gray Business Exchange Center Inc?

The Beverly Gray Business Exchange Center Inc is an entrepreneurial organization with a mission to serve the underrepresented and BIPOC entrepreneurial community. Located in an unspecified location, their primary goal is to act as a catalyst for business development and growth for both new and established entrepreneurs. They strongly believe in the power of equality, inclusivity, and innovation to significantly boost the success rate of minority entrepreneurs, transforming high-potential businesses into high-growth enterprises.


Official website here: www.theexchangeatbeverlygray.org

What is the revenue of Beverly Gray Business Exchange Center Inc?

Beverly Gray Business Exchange Center Inc's revenue in 2023 was $553,762.


Official website here: www.theexchangeatbeverlygray.org

Who are the executives of Beverly Gray Business Exchange Center Inc and what are their salaries?

The average compensation at Beverly Gray Business Exchange Center Inc during 2023 was $44,529. There are 4 employees and 10 volunteers at Beverly Gray Business Exchange Center Inc.

Here are 8 key members and their salaries:


Derrick Parson (Executive Director)
  • Compensation: $97,529
  • Related: $0
  • Other: $897
Chantele Thompson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hollis Deabreu Davis (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Davison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Hicks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Lavare (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brendan Mehaffy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Murdock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.theexchangeatbeverlygray.org

Where can I find the form 990 for Beverly Gray Business Exchange Center Inc?

Beverly Gray Business Exchange Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.theexchangeatbeverlygray.org

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

Mission Statement of Beverly Gray Business Exchange Center Inc

Beverly Gray Business Exchange Center Inc is an entrepreneurial organization that is dedicated to serving the underrepresented and BIPOC entrepreneurial community in Buffalo, New York. Their mission is to function as a catalyst for business development and growth for both emerging and established entrepreneurs. They firmly believe in the power of equity, inclusion, and innovation to elevate the success rate of minority entrepreneurs, transforming them from high potential to high-growth entities. The organization's ultimate goal is to empower this community, providing them with the tools and resources necessary to thrive in the business world.

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Impact




July, 2024

Beverly Gray Business Exchange Center Inc is making a significant impact on the underrepresented and BIPOC entrepreneurial community in Buffalo, NY. By serving as a premier entrepreneur service organization, they are creating a pathway for new and existing entrepreneurs to achieve generational wealth and build the local community. Through their focus on equity, inclusion, and innovation, they are increasing the success rate of minority entrepreneurs, moving them from high potential to high growth. This organization is not only fostering individual success but also contributing to the overall improvement of the community in Buffalo.




This information is meant to be a general summary of Beverly Gray Business Exchange Center 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.

Revenue
$553,762 (2023)
Expenses
$494,438 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $24,762
  • Gross Receipts: $553,762

Assets and Liabilities:

  • Total Assets: $308,169
  • Total Liabilities: $91,700
  • Net Assets: $216,469

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Programs

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

RENTAL AND OTHER FEES

Revenue

$24,762

Organization Details

Founding Year

2021

Principal Officer

Derrick Parson

NTEE Category

Code: S41 - Community improvement

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