Black Brand
- Assets
- $1.1m
- Revenue
- $876.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Norfolk, VA
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-3953180
Organization Overview
Black Brand is located in Norfolk, VA. The organization was established in 2016. 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. As of 12/2021, Black Brand employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Brand 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, Black Brand generated $876.1k in total revenue. All expenses for the organization totaled $472.5k during the year ending 12/2021. While expenses have increased by 71.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
"BRAND" STANDS FOR BUSINESS RESEARCH ANALYTICS NETWORKING AND DEVELOPMENT. BLACK BRAND IS THE BLACK CHAMBER OF COMMERCE FOR THE HAMPTON ROADS, VA AREA, WHOSE MISSION IS TO PROMOTE GROUP ECONOMICS THROUGH PROFESSIONAL DEVELOPMENT AND COMMUNITY EMPOWERMENT. AS THE BLACK CHAMBER OF COMMERCE, ORGANIZATION'S MISSION IS TO TRANSFORM OUR LOCAL, REGIONAL, AND NATIONAL COMMUNITY THROUGH UNITY, EDUCATION, ACCESS, OPPORTUNITY, AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, BLACK BRAND LAUNCHED TWO NEW PROGRAMS AND EXPANDED ITS SERVICES TO THE DAN RIVER REGION. FOR NONPROFIT FOUNDERS AND EXECUTIVE DIRECTORS, WE LAUNCHED A YEAR-ROUND TRAINING PROGRAM CALLED THE IMPACT COLLECTIVE. MORE THAN 40 UNIQUE PARTICIPANTS ENGAGED WITH 48 HOURS OF PROFESSIONAL CONTENT TO SUPPORT THEM IN THEIR BOARD, PROGRAM, AND FUNDRAISING DEVELOPMENT NEEDS. AS A RESULT, SOME GREW THEIR BOARDS AND VOLUNTEERS, STRENGTHENED THEIR PROGRAMS, AND MANY ACCESSED GRANTS FOR THE FIRST TIME. WE LAUNCHED A SECOND PROGRAM, B-FORCE ACCELERATOR. THIS 12-WEEK PROGRAM PROVIDES WORKSHOPS TO BUSINESS OWNERS IN THE AREAS OF ORGANIZATION, FINANCIAL, AND STRATEGIC PLANNING. IT ALSO PROVIDES TECHNICAL ASSISTANCE IN THE FORM OF LEGAL, ACCOUNTING, HUMAN RESOURCES, MARKETING, GOVERNMENT CONTRACTING, AND CREDIT REPAIR. DURING OUR B-FORCE ACCELERATOR PILOT, WE SERVED 130 BUSINESSES, PROVIDING 72 HOURS OF INSTRUCTION, AND MORE THAN 1300 HOURS OF TECHNICAL ASSISTANCE. IN ADDITION TO THESE AND OTHER WEEKLY PROGRAMS AND EVENTS FOR BLACK BRAND MEMBERS AND PROSPECTIVE MEMBERS, BLACK BRAND HOSTED BLACK DIAMOND WEEKEND, ITS ANNUAL 3 DAY CONFERENCE. IN 2021, THE PROGRAM FEATURED MORE THAN 90 SPEAKERS, MORE THAN 430 ATTENDEES FROM AROUND THE STATE, AND 55 WORKSHOPS, TED-STYLE TALKS, PANEL DISCUSSIONS, AND KEYNOTE PRESENTATIONS. IN TOTAL, BLACK BRAND SERVED 1092 UNIQUE PARTICIPANTS, PROVIDED 242.5 HOURS OF BUSINESS EDUCATION AND NETWORKING OPPORTUNITIES. THE IMPACT WAS AN INCREASE IN BUSINESS REVENUE, GROWTH IN THE NUMBER OF SWAM CERTIFIED BUSINESSES, AND AN INCREASE IN COLLABORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blair Durham President | OfficerTrustee | 40 | $35,000 |
Reneldo Randall Chair | OfficerTrustee | 1 | $0 |
Andrella Pusha Secretary | OfficerTrustee | 1 | $0 |
Sheena Boston Treasurer | OfficerTrustee | 1 | $0 |
George Berry Parliamentar | OfficerTrustee | 1 | $0 |
Jennifer Lacey Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $96,072 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,680 |
| Total Program Service Revenue | $211,289 |
| Investment income | $26 |
| 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 | $876,134 |
| 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. | $35,000 |
| Compensation of current officers, directors, key employees. | $3,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,621 |
| Fees for services: Accounting | $5,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,602 |
| Advertising and promotion | $49,891 |
| Office expenses | $5,717 |
| Information technology | $6,422 |
| Royalties | $0 |
| Occupancy | $11,209 |
| Travel | $334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174,417 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233 |
| Insurance | $1,215 |
| All other expenses | $7,190 |
| Total functional expenses | $472,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $646,231 |
| 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 | $2,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200 |
| Total assets | $1,050,467 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $635,000 |
| 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 | $635,000 |
| Net assets without donor restrictions | $88,177 |
| Net assets with donor restrictions | $327,290 |
| 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 | $1,050,467 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Black Brand has recieved totaling $602,700.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF EFFORTS TO STABILIZE AND STRENGTHEN UNDERSERVED POPULATIONS BUSINESSES IN NORFOLK, VA, THROUGH STRATEGIC, ORGANIZATIONAL AND FINANCIAL PLANNING | $300,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $115,000 |
Sentara Healthcare Norfolk, VA PURPOSE: PROFESSIONAL DEVELOPMENT AND COMMUNITY EMPOWERMENT | $100,000 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $35,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $20,450 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: BLACK BRAND BLACK COMMUNITY PARTNERSHIP GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Self Help Ventures Fund Durham, NC | $1,059,061,327 | $60,531,771 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Prosperity Now Washington, DC | $29,090,376 | $24,644,874 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |