Black Wall Street Avl

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

EIN: 871330821 ✦ Asheville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Black Wall Street Avl?

Black Wall Street Avl is a nonprofit organization situated in Asheville, North Carolina, specifically at 346 Depot Street, 28801. Its primary mission is to foster the growth and expansion of Black-owned businesses and encourage entrepreneurship among BIPOC individuals. They achieve this by offering educational programs, resources, and support, aiming to launch, develop, and strengthen these businesses. The organization's ultimate goal is to contribute to a thriving and diverse business community.


Official website here: www.blackwallstreetavl.com

Is Black Wall Street Avl legitimate?

Black Wall Street Avl is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Wall Street Avl 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: $101,060

For more financial information, click here


Official website here: www.blackwallstreetavl.com

What is the mission statement of Black Wall Street Avl?

Black Wall Street Avl serves as a black business incubator with a mission to foster the growth and expansion of businesses owned by individuals from underrepresented racial and ethnic backgrounds, as well as new entrepreneurs. The organization achieves this mission by offering educational resources, support, and necessary tools to help these businesses thrive and succeed. The ultimate goal is to help these businesses reach their full potential and contribute positively to their respective communities.


Official website here: www.blackwallstreetavl.com

Who is the CEO of Black Wall Street Avl?

Joseph Hackett is the Secretary of Black Wall Street Avl.


Official website here: www.blackwallstreetavl.com

What is the revenue of Black Wall Street Avl?

Black Wall Street Avl's revenue in 2023 was $240,232.


Official website here: www.blackwallstreetavl.com

Who are the executives of Black Wall Street Avl and what are their salaries?


Here are 6 key members and their salaries:


Kristen Allen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlton Dugger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Hackett (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Masica Jordan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Swepson-Twitty (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.blackwallstreetavl.com

Where can I find the form 990 for Black Wall Street Avl?

Black Wall Street Avl's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.blackwallstreetavl.com

Learn more at the official website: www.blackwallstreetavl.com

Mission Statement of Black Wall Street Avl

Black Wall Street Avl, a black business incubator, is committed to fostering the growth and expansion of black-owned businesses and new entrepreneurs. The organization achieves this mission by offering educational resources and supportive services. Black Wall Street Avl serves as a hub for BIPOC (Black, Indigenous, and People of Color) entrepreneurs, providing them with the necessary tools and guidance to launch and sustain their businesses. By focusing on education, resources, and support, Black Wall Street Avl aims to bolster the economic empowerment of the black community.

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Impact




October, 2024

Black Wall Street Avl has significantly impacted the Asheville community by fostering economic empowerment and improving community cohesion. By focusing on promoting local Black-owned businesses, the initiative helps to revitalize the local economy and encourage entrepreneurship. This enables greater financial independence among community members and creates opportunities for wealth-building within historically marginalized groups.

Through its outreach and support, Black Wall Street Avl raises awareness about the importance of supporting local businesses, which not only benefits the entrepreneurs but also enriches the entire community. The initiative champions cultural pride and awareness, helping to preserve the legacy and contributions of the Black community in Asheville. By cultivating a sense of community improvement and collaboration, Black Wall Street Avl serves as a catalyst for positive change, inspiring others to invest in their neighborhoods and uplift those around them.




This information is meant to be a general summary of Black Wall Street Avl. 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
$240,232 (2023)
Expenses
$225,524 (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: $8,070
  • Gross Receipts: $240,232

Assets and Liabilities:

  • Total Assets: $44,168
  • Total Liabilities: $13,682
  • Net Assets: $30,486

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Programs

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

SERVICES

Revenue

$8,070

Organization Details

Founding Year

2021

Principal Officer

Joseph Hackett

Main Address

346 DEPOT ST, ASHEVILLE, NC, 28801

NTEE Category

Code: S31 - Community improvement

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