Black Business Capital Financing Corporation

Organization Overview

Black Business Capital Financing Corporation is located in Orlando, FL. The organization was established in 1994. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Business Capital Financing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Black Business Capital Financing Corporation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.3% each year . All expenses for the organization totaled $5.3m 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

THE DEVELOPMENT OF AFRICAN AMERICAN BUSINESSES; THE ASSISTANCE TO THE DEVELOPMENT OF SMALL, MINORITY AND WOMAN-OWNED BUSINESSES REGARDLESS OF RACE, ETHNICITY AND GENDER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BBCDC CONTRIBUTED TO PROVING FINANCIAL TECHNICAL ASSISTANCE SERVICES TO BLACK, MINORITY AND UNDERSERVED SMALL BUSINESSES THROUGHOUT FLORIDA. THE HOSTED SESSIONS OFFERED CRITICAL SUPPORT TO MANY BLACK AND ETHNIC MINORITY BUSINESSES CONTINUING TO REBOUND FROM THE ECONOMIC AND OPERATIONAL CHALLENGES POSED BY THE COVID-19 PANDEMIC. BBCDC OFFERED FINANCIAL LITERACY AND EDUCATIONAL WORKSHOPS THAT HELPED POSITION THESE BUSINESSES FOR SUCCESS IN THE COMING YEARS. THE TECHNICAL ASSISTANCE SERVICES ASSESTED OVER 220 BUSINESSES THROUGH A SPECIALIZED, VERTUAL FINANCIAL TECHNICAL ASSISTANCE PROGRAM THAT REACHED 4,030 BUSINESS OWNERS AND PROFESSIONALS THOUGH A JOINT OUTREACH AND EVENTS WITH ITS AFFILIATE BBIF. THROUGH ONGING CHARITABLE DONATIONS, BBCDC IS POISED FOR GREAT IMPACT IN THE SOUTHEAST REGION THROGH JOINT EFFORT WITH BBIF TO PROVIDE LOCAL FINANCIAL TECHNICAL ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Lawrence Chukwu
Director
$0
Fozia Andarge
Director
$0
Susan Brosch
Director
$0
Kimberly Robinson
Director
$0
Inez Long
CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,102,775
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,102,775
Total Program Service Revenue$0
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 $4,102,775

Grants Awarded

Over the last fiscal year, Black Business Capital Financing Corporation has awarded $5,227,108 in support to 3 organizations.

Grant RecipientAmount

BLACK BUSINESS INVESTMENT FD C FL

Org PageRecipient Profile

Orlando, FL

PURPOSE: Technical Assiatance to Businesses

$5,200,000

AFRICAN AMERICAN CHAMBER OF COMMERCE

Org PageRecipient Profile

Orlando, FL

PURPOSE: TO PROMOTE AFRICAN AMERICAN BUSINESSES

$13,554

CENTRAL FLORIDA URBAN LEAGUE

Org PageRecipient Profile

Orlando, FL

PURPOSE: SPONSORSHIP FUNGING

$13,554
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Black Business Capital Financing Corporation has recieved totaling $405,000.

Awarding OrganizationAmount
Prosperity Now

Washington, DC

PURPOSE: TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION

$375,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$30,000
View Grant Recipient Profile

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