Tampa Bay Black Business Investment Corporation Inc

Organization Overview

Tampa Bay Black Business Investment Corporation Inc is located in Tampa, FL. The organization was established in 1988. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 09/2021, Tampa Bay Black Business Investment Corporation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Bay Black Business Investment Corporation Inc 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 09/2021, Tampa Bay Black Business Investment Corporation Inc generated $252.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $900.9k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING FINANCIAL ASSISTANCE IN THE FORM OF LOANS OR GUARANTEES TO NEW AND DEVELOPING MINORITY OWNED BUSINESSES

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED LOAN GUARANTEES OVER 500000 TO POTENTIAL AND CURRENT MINORITY BUSINESSES.


THROUGH OUR CATCH PROGRAM WE PROVIDED 100 MINORITIES WITH HANDS ON BUSINESS SKILLS AND TRAINING.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $236,516
All other contributions, gifts, grants, and similar amounts not included above$12,206
Noncash contributions included in lines 1a–1f $12,206
Total Revenue from Contributions, Gifts, Grants & Similar$248,722
Total Program Service Revenue$4,050
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 $252,772

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Tampa Bay Black Business Investment Corporation Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Foundation For A Healthy St Petersburg Inc

St Petersburg, FL

PURPOSE: TO ADVANCE COMMUNITY WEALTH TO HEALTH BY INCREASING AWARENESS AND ACCESS TO FUNDS AVAILABLE FOR BLACK-OWNED BUSINESSES VIA MICRO-TARGETED MARKETING OPPORTUNITIES DUE TO COVID-19.

$5,000
View Grant Recipient Profile

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