African American Entrepreneurs Association Inc
- Assets
- $26.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 82-4144646
Organization Overview
African American Entrepreneurs Association Inc is located in Daytona Beach, FL. The organization was established in 2018. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. African American Entrepreneurs Association Inc 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, African American Entrepreneurs Association Inc generated $82.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $97.6k during the year ending 12/2022. While expenses have increased by 24.0% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION CREATES ECONOMIC DEVELOPMENT THROUGH ENTREPRENEURSHIP WITHIN THE UNDERSERVED AFRICAN-AMERICAN COMMUNITY THROUGH EDUCATION, MENTORING, WORKSHOPS, GROUP ECONOMICS, AND MICRO-FINANCING OPPORTUNITIES FOR 311 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie F Giscombe Chairman/ceo | 20 | $0 | |
Parker Van Heart Board Member | 5 | $0 | |
Kingsley D Maitland Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,680 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,052 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,745 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,344 |
| Occupancy, rent, utilities, and maintenance | $1,713 |
| Printing, publications, postage, and shipping | $7,025 |
| Other expenses | $81,534 |
| Total expenses | $97,636 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,745 |
| Other assets | $0 |
| Total assets | $26,302 |
| Total liabilities | $67,400 |
| Net assets or fund balances | -$41,098 |