Iba Detroit Community Development Corporation
- Assets
- $64.1k
- Revenue
- $114.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 83-2626945
Organization Overview
Iba Detroit Community Development Corporation is located in Detroit, MI. The organization was established in 2019. 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. Iba Detroit Community Development 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 12/2023, Iba Detroit Community Development Corporation generated $114.6k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY & ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED ONLINE WORKSHOPS TO HELP SMALL BUSINESSES REGISTER WITH THE COUNTY AS APPROVED VENDORS THUS ELIGIBLE TO BID ON WAYNE COUNTY CONTRACTS FREE TO ATTEND. 626 BUSINESSES ASSISTED IN REAL TIME REGISTERING WITH THE COUNTY PURCHASING DIVISION.
CONDUCTED ONLINE WORKSHOPS WITH SMALL BUSINESSES AND BUSINESSES OWNED BY PEOPLE OF COLOR TO QUALIFY AS APPROVED VENDROS WITH THE CITY OF DETROIT AND THUS ELIGIBLE TO BID ON CITY OF DETROIT CONTRACTS & PURCHSING ORDERS. 526 SMALL BUSINESSES ATTENDED AND SERVED.
CONDUCTED ONLINE WORKSHOPS TO HELP PARENTS SEEKING SHOLARSHIPS AND GRANTS FOR THEIR CHILDRENS COLLEGE EDUCATION. MEMBER SELECTED TO AWARD GRANTS FROM SMALL BUSINESS INCUBATOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise M Beauregard Executive Di | OfficerTrustee | $0 | |
Alysyn Curd Tech Officer | Officer | $0 | |
Bryan B Davis Vice Preside | Officer | $0 | |
Floyd Jones Secretary/tr | Officer | $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 | $114,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,601 |
| 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 | $114,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,374 |
| Office expenses | $8,889 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,046 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $697 |
| Total functional expenses | $97,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,129 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $64,129 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $64,129 |