Business Council For Peace Inc
- Assets
- $917.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Winston Salem, NC
- Founding
- 01/2006
- Data as of
- 09/2023
- EIN
- 20-1602122
Organization Overview
Business Council For Peace Inc is located in Winston Salem, NC. The organization was established in 2006. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2023, Business Council For Peace Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Council For Peace 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 09/2023, Business Council For Peace Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 16.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO ORGANIZE UNITED STATES AND INTERNATIONAL VOLUNTEERS TO HELP ENTREPRENEURS IN CRISIS AFFECTED AREAS TO EXPAND THEIR BUSINESSES, CREATE SIGNIFICANT EMPLOYMENT FOR ALL, AND EXPAND THE ECONOMIC POWER OF WOMEN. MORE JOBS MEAN LESS VIOLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGIONAL-BASED PROGRAMMING -- BPEACE ACCELERATES THE GROWTH OF SMALL AND MEDIUM SIZED BUSINESSES IN CRISIS-AFFECTED COMMUNITIES IN THE U.S. AND INTERNATIOANLLY. FOR THESE BUSINESSESS, BPEACE PROVIDES PRO BONO TAILORED CONSULTING TO SCALE AND ACCLERATE INNOVATION, GROWTH AND JOB CREATION THROUGH ACCESS TO INTERNATIONAL BUSINESS EXPERT VOLUNTEERS, WHO DELIVER A COMBINATION OF GROUND AND REMOTE CONSULTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Salas CEO | OfficerTrustee | 40 | $150,800 |
Mark Fleming Chairperson | Trustee | 5 | $0 |
Liz Wald Vice Chair | OfficerTrustee | 5 | $0 |
Randy Browning Treasurer | OfficerTrustee | 5 | $0 |
Ann Callison Member | Trustee | 5 | $0 |
Marla Gitterman Member | Trustee | 5 | $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 | $1,421,573 |
| Noncash contributions included in lines 1a–1f | $36,185 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,421,573 |
| Total Program Service Revenue | $94,120 |
| Investment income | $3,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,346 |
| Net Income from Fundraising Events | $52,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,572,964 |
| 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 | $39,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,925 |
| Fees for services: Accounting | $40,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,106 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,947 |
| All other expenses | $27,676 |
| Total functional expenses | $1,569,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $858,078 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,875 |
| 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 | $34,441 |
| 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 | $917,394 |
| Accounts payable and accrued expenses | $56,886 |
| 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 | $156,930 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,667 |
| Total liabilities | $365,483 |
| Net assets without donor restrictions | $298,957 |
| Net assets with donor restrictions | $252,954 |
| 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 | $917,394 |