Metropolitan Business League
- Assets
- $133.8k
- Revenue
- $199.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Richmond, VA
- Founding
- 01/1974
- Data as of
- 06/2022
- EIN
- 54-0836123
Organization Overview
Metropolitan Business League is located in Richmond, VA. The organization was established in 1974. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Metropolitan Business League employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Business League is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Metropolitan Business League generated $199.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $620.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE METROPOLITAN BUSINESS LEAGUE IS THE BACKBONE FOR THE DEVELOPMENT, SUPPORT, AND ADVANCEMENT OF SMALL, MINORITY, AND WOMEN-OWNED BUSINESSES IN THE RICHMOND AND TRI-CITIES AREAS. THE MBL PROVIDES OPPORTUNITIES FOR BUSINESSES TO SHARE THEIR BUSINESS THROUGH NETWORKING OPPORTUNITIES AND SO MUCH MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MBL IS DEDICATED TO MINORITY BUSINESS DEVELOPMENT IN THE RICHMOND METROPOLITAN AREA. ALL OF THE MBL'S PROGRAMS AND SERVICES ARE DESIGNED TO ASSIST AND PROMOTE START-UP AS WELL AS EXISTING BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scottessa Hurte Board Chair | OfficerTrustee | 40 | $0 |
Nickkol Lewis Vice Chair | OfficerTrustee | 1.5 | $0 |
Dallas Simmons Treasurer | OfficerTrustee | 1.5 | $0 |
David Lefebvre Secretary | OfficerTrustee | 1.5 | $0 |
Brittany Rawlinson Vice Secretary | OfficerTrustee | 1.5 | $0 |
Samuel S Young Jr Immediate Past Chair | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $75,710 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,893 |
| Total Program Service Revenue | $6,893 |
| Investment income | $481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,426 |
| Compensation of current officers, directors, key employees. | $15,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,015 |
| Payroll taxes | $10,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,162 |
| Office expenses | $5,158 |
| Information technology | $36,466 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $5,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,496 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,870 |
| All other expenses | $61,266 |
| Total functional expenses | $620,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,039 |
| Savings and temporary cash investments | $21,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $405 |
| Net Land, buildings, and equipment | $4,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $133,761 |
| Accounts payable and accrued expenses | $23,958 |
| Grants payable | $0 |
| Deferred revenue | $2,050 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,255 |
| Total liabilities | $28,263 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $105,498 |
| Total liabilities and net assets/fund balances | $133,761 |