Atlanta Business League Inc
- Assets
- $1.0m
- Revenue
- $994.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2022
- EIN
- 58-1095934
Organization Overview
Atlanta Business League Inc is located in Atlanta, GA. As of 12/2022, Atlanta Business League Inc employed 4 individuals. Atlanta Business League Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Atlanta Business League Inc generated $994.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $913.3k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
FOSTERING THE GROWTH, CREATION, AND THE DEVELOPMENT OF SUCCESSFUL BUSINESS ENTERPRISES OWNED, OPERATED, AND MANAGED BY AFRICAN-AMERICANS IN METROPOLITAN ATLANTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEN OF INFLUENCE RECEPTION -RECEPTION TO RECOGNIZE BUSINESS OWNERS, PROFESSIONALS, COMMUNITY AND CIVIC LEADERS IN METROPOLITAN ATLANTA. ANNUALLY, THE ATLANTA BUSINESS LEAGUE PUBLISHES ITS LIST OF ATLANTAS INFLUENTIAL BLACK MEN DURING AN EVENING RECEPTION AND INDUCTION CEREMONY.
TUESDAY TALKS WITH ABL CEOS - TUESDAY TALKS PROVIDES ABL MEMBERS WITH AN OPPORTUNITY TO MEET WITH ATLANTA CEOS AND COMMUNITY LEADERS IN SMALL GROUP SETTINGS TO LEARN ABOUT THE CEOS ORGANIZATION, THE BUSINESS/MARKET/TECHNOLOGICAL TRENDS THAT ARE DRIVING THEIR STRATEGIES AS WELL AS THE PARTNERSHIP OPPORTUNITIES AVAILABLE TO MEMBERS.
BUSINESS POWER FORUM (BPF)-THE BPF ARE VIRTUAL INFORMATIVE GATHERINGS WHERE ATTENDEES ARE GIVEN THE OPPORTUNITY TO HEAR FROM LOCAL AND NATIONAL ENTREPRENEURS, CEOS OF MAJOR CORPORATIONS, AND LEADERS OF KEY ATLANTA ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leona Barr-Davenport President & CEO | Officer | 60 | $143,840 |
Donna Ennis Board Member | Trustee | 2 | $0 |
Heather Fatzinger Board Member | Trustee | 2 | $0 |
Cory Jackson Board Member | Trustee | 2 | $0 |
Elaine Armstrong Board Member | Trustee | 2 | $0 |
Hermon Mason Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,020 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,335 |
| Noncash contributions included in lines 1a–1f | $5,335 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,951 |
| Total Program Service Revenue | $807,776 |
| Investment income | $0 |
| 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 | $994,386 |
| 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. | $143,840 |
| Compensation of current officers, directors, key employees. | $86,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,657 |
| Pension plan accruals and contributions | $5,550 |
| Other employee benefits | $44,362 |
| Payroll taxes | $19,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,335 |
| Fees for services: Accounting | $28,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $58,080 |
| Information technology | $39,250 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,579 |
| Insurance | $10,092 |
| All other expenses | $43,316 |
| Total functional expenses | $913,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,251 |
| 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 | $0 |
| Net Land, buildings, and equipment | $386,357 |
| Investments—publicly traded securities | $143,663 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,041,708 |
| Accounts payable and accrued expenses | $76,184 |
| Grants payable | $0 |
| Deferred revenue | $77,679 |
| 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 | $221,742 |
| Other liabilities | $0 |
| Total liabilities | $375,605 |
| Net assets without donor restrictions | $622,831 |
| Net assets with donor restrictions | $43,272 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,041,708 |