Hubzone Contractors National Council Inc

Organization Overview

Hubzone Contractors National Council Inc is located in Oakland, MD. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Hubzone Contractors National Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Hubzone Contractors National Council Inc generated $336.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $309.9k during the year ending 12/2021. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVING AND PROMOTING THE HUBZONE PROGRAM AND BY HELPING HUBZONE-CERTIFIED COMPANIES MAXIMIZE THEIR SUCCESS IN EARNING FEDERAL CONTRACTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENCOURAGE QUALIFIED SMALL BUSINESSES TO APPLY FOR AN/OR MAINTAIN HUBZONE CERTIFICATION FROM THE US SMALL BUSINESS ADMINISTRATION. ACHIEVED THROUGH PERIODIC ELECTRONIC NEWSLETTERS AND ADVISORIES SENT TO HUBZONE AND OTHER COMPANIES.


ASSIST HUBZONE-CERTIFIED FIRMS IN OBTAINING FEDERAL CONTRACTS AND ENCOURAGE FEDERAL AGENCIES TO USE HUBZONE FIRMS. ACHIEVED THROUGH TRAINING SESSIONS AND MATCHMAKING SESSIONS WITH FEDERAL OFFICIALS AND PRIME CONTRACTORS AT THE NATIONAL HUBZONE CONFERENCE AND THE HUBZONE SMALL BUSINESS SUMMIT. THE COUNCIL'S WEBSITE INCLUDES A VARIETY OF SUPPORT MATERIALS AND PERIODIC NEWSLETTERS AND ADVISORIES THAT PROVIDE INFORMATION ON PROGRAM CHANGES AND DEVELOPMENTS.


CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF DISADVANTAGED AREAS BY SUPPORTING HUBZONE CERTIFIED SMALL BUSINESSES. WHILE NO SPECIFIC DATA ARE AVAILABLE, THE AREAS THAT QUALIFY FOR HUBZONE HAVE BEEN DECREASING IN RECENT YEARS, PROVIDING SOME EVIDENCE THAT THEY ARE EXPERIENCING IMPROVED ECONOMIC CONDITIONS. ADDITIONALLY, MANY HUBZONE CERTIFIED COMPANIES ARE FORCED TO WITHDRAW FROM THE PROGRAM EACH YEAR BECAUSE HAVE BECOME TOO LARGE (SUCCESSFUL) TO MAINTAIN SMALL BUSINESS STATUS.


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Board, Officers & Key Employees

Name (title)Compensation
Shirley Bailey
President
$0
Emily Newlan
Director
$0
Marshall Robert
Secretary
$0
Sheila Coe
Treasurer
$0
Ketankumar Shah
Director
$0
Ann Sullivan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$189,460
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$189,460
Total Program Service Revenue$125,720
Investment income $560
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $5,417
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $336,502

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