National Black Business Support Corporation
- Assets
- $216.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miramar Beach, FL
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 82-2363806
Organization Overview
National Black Business Support Corporation is located in Miramar Beach, FL. The organization was established in 2018. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Black Business Support 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 12/2022, National Black Business Support Corporation generated $79.8k 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 (35.3%) each year. All expenses for the organization totaled $41.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ESTABLISH TRAINING AND EDUCATION PROGRAMS AND TECHNOLOGY SUPPORT TO MINORITY, DISADVANTAGED, AND SMALL BUSINESSES BY ASSISTING WITH MARKETING, MANAGEMENT, AND ACCOUNTING SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Franklin Chairman | 15 | $0 | |
Suzanne Specht Vice Chairman | 1 | $0 | |
Lawrence Williams Secretry | 1 | $0 | |
Arbutas Washington Treasurer | 1 | $0 | |
Eric Knowles Director | 1 | $0 | |
Pamela Tedesco President | 20 | $25,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5 |
| Total Program Service Revenue | $79,750 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,755 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,500 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $4,713 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,084 |
| Total expenses | $41,797 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,487 |
| Other assets | $0 |
| Total assets | $215,952 |
| Total liabilities | $47,650 |
| Net assets or fund balances | $168,302 |