Overview
What is Black Business Enterprises Fund?
The Black Business Enterprises Fund, situated in Saint Paul, Minnesota, is a nonprofit organization with a significant mission. Their primary focus lies in promoting small business development among minorities by providing essential resources and financial literacy education. They also offer youth programs and credit building initiatives, aiming to help these communities transition from worth to wealth. The organization's activities are designed to empower and uplift minorities, fostering a pathway to financial stability and prosperity.
Official website here: www.blackbusinessenterprises.org
What do the Facebook reviews say about Black Business Enterprises Fund?
100% of 26 reviewers on Facebook endorse the Black Business Enterprises Fund. Here is a summary of their reviews:
The overwhelming sentiment among users is one of appreciation and satisfaction with the support provided by the organization. Many highlight the exceptional service and efficiency in assisting with business registration and growth. Specifically, Nancy Korsah and her team have received high praise for their proactive approach and invaluable assistance to entrepreneurs.
Reviewers express gratitude for the resources available, describing the Fund as a tremendous asset for any business owner looking to establish or expand their brand. Overall, the feedback reflects a strong endorsement of the nonprofit's mission and the positive impact it has on the community.
This AI summary has been generated from reviews found on Facebook.
Is Black Business Enterprises Fund legitimate?
Black Business Enterprises Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Business Enterprises Fund 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: $80,380
For more financial information, click here
Official website here: www.blackbusinessenterprises.org
What is the mission statement of Black Business Enterprises Fund?
The Black Business Enterprises Fund's mission, in essence, is geared towards assisting minorities in elevating their value from worth to wealth. This is achieved through various initiatives, including small business development, financial literacy programs, youth engagement, and credit building initiatives. The organization's aim is to equip minorities with the necessary tools and knowledge to establish and sustain successful businesses.
Official website here: www.blackbusinessenterprises.org
Who is the CEO of Black Business Enterprises Fund?
Nancy Korsah is the Ceo of Black Business Enterprises Fund. The CEO's salary of Black Business Enterprises Fund is $30,850 and their total compensation is $30,850.
Official website here: www.blackbusinessenterprises.org
What is the revenue of Black Business Enterprises Fund?
Black Business Enterprises Fund's revenue in 2022 was $349,746.
Official website here: www.blackbusinessenterprises.org
Who are the executives of Black Business Enterprises Fund and what are their salaries?
Here are 8 key members and their salaries (Black Business Enterprises Fund's CEO's salary is $30,850 and their total compensation is $30,850):
- Compensation: $30,850
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.blackbusinessenterprises.org
Where can I find the form 990 for Black Business Enterprises Fund?
Black Business Enterprises Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blackbusinessenterprises.org
Learn more at the official website: www.blackbusinessenterprises.org
Mission Statement of Black Business Enterprises Fund
The Black Business Enterprises Fund, as its name suggest, is committed to assisting minorities in their journey from worth to wealth. This nonprofit organization focuses on various initiatives to achieve this goal. One of their key activities is fostering small business development, providing the necessary resources and guidance for minorities to establish and grow their own businesses. Additionally, the Black Business Enterprises Fund places a strong emphasis on financial literacy, educating individuals within the minority community about sound financial management and responsible spending.
Furthermore, the organization has a dedicated youth program, aimed at instilling financial literacy and entrepreneurial skills in the younger generation. Furthermore, they offer a credit building program, which helps members of the minority community to improve their credit scores, thereby increasing their financial independence and opportunities. By focusing on these areas, the Black Business Enterprises Fund seeks to empower minorities, enabling them to build wealth and contribute positively to their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Black Business Enterprises Fund has a significant impact on the community by empowering minorities to transform their economic status. Through small business development programs, it equips individuals with the tools to start and grow their own enterprises, fostering entrepreneurship within minority populations. Financial literacy initiatives educate participants on effectively managing their finances, leading to informed decision-making and sustainable economic practices. The youth programs cultivate future leaders by instilling essential skills and knowledge early on, preparing younger generations for successful financial journeys. Additionally, the credit building program helps individuals improve their credit scores, enabling better access to loans and financial resources. Overall, the Fund’s efforts contribute to establishing a pathway for wealth creation and economic stability among minorities in Saint Paul, MN.
This information is meant to be a general summary of Black Business Enterprises Fund. 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: $39,000
- Gross Receipts: $349,746
Assets and Liabilities:
- Total Assets: $3,043
- Total Liabilities: $0
- Net Assets: $3,043
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINANCIAL EDUCATION
Revenue
$39,000
Organization Details
Founding Year
2021
Principal Officer
Nancy Korsah
Main Address
445 MINNESOTA STREET SUITE 1500, SAINT PAUL, MN, 55101
NTEE Category
Code: P99 - Human services
If you are a representative of Black Business Enterprises Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.