African American Entrepreneurs Association Inc

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 12/2021, African American Entrepreneurs Association Inc generated $41.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $41.2k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

THE ORGANIZATION CREATE ECONOMIC DEVELOPMENT THROUGH ENTREPRENEURSHIP WITHIN THE UNDERSERVED AFRICAN AMERICAN COMMUNITY THROUGH EDUCATION, MENTORING, WORKSHOPS, GROUP ECONOMICS, AND MICRO-FINANCING OPPORTUNITIES FOR 121 MEMBERS.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$28,359
Total Program Service Revenue$0
Membership dues$13,015
Investment income $9
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$41,383

Grants Recieved

Over the last fiscal year, we have identified 2 grants that African American Entrepreneurs Association Inc has recieved totaling $14,914.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: Unrestricted

$7,457
Network For Good Inc

Washington, DC

PURPOSE: Unrestricted

$7,457
View Grant Recipient Profile

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