Black Brand

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 12/2023, Black Brand employed 7 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 12/2023, Black Brand generated $1.3m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 85.3% 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

2023

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. DURING 2023 71% OF PARTICIPANTS WERE WOMEN-OWNED BUSINESSES, 40% OF PROGRAM PARTICIPANTS RESIDED IN LOW OR MODERATE INCOME ZIP CODES, AND 20% OF PROGRAM PARTICIPANTS WERE MILITARY AFFILIATED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2023, B-FORCE ACCELERATOR NURTURED 140 BUSINESSES, MANY OF WHOM ARE PROVIDING CRITICAL SERVICE IN HAMPTON ROADS EVERY DAY. IN ADDITION TO THE TECHNICAL ASSISTANCE PROVIDED, BUSINESS OWNERS BENEFITED IN THE FOLLOWING IMPORTANT WAYS: 1. B-FORCE ACCELERATOR AWARDED 71,000 IN FUNDING TO 20 PROGRAM PARTICIPANTS. 2. 65 B-FORCE PARTICIPANTS REPORTED HAVING ACCESSED A TOTAL OF 1,650,794 IN CAPITAL. 3. B-FORCE ACCELERATOR EXPANDED ITS SERVICE AREA TO ACCEPT BUSINESSES ACROSS THE HAMPTON ROADS REGION, AND PARTNERED WITH THE CITY OF PORTSMOUTH ECONOMIC DEVELOPMENT TO ENSURE THAT ALL PORTSMOUTH COHORT PROGRAM GRADUATES WOULD QUALIFY TO RECEIVE ITS 2000 AND/OR 5000 GRANT. 4. BLACK BRAND CURATED A POPUP EVENT FOR EACH OF ITS FIVE COHORTS WHEREBY THE COMMUNITY COULD COME OUT, LEARN ABOUT AND SHOP WITH LOCAL MERCHANTS. 5. BLACK BRAND ORGANIZED A SUCCESSFUL CASH MOB EVENT FOR ONE DESERVING BUSINESS DURING EACH COHORT WHERE THE ENTIRE COHORT COMMITTED TO COMING OUT, BRINGING A FRIEND, AND SPENDING AT LEAST 20. 6. BLACK BRAND PROVIDED COLLABORATION OPPORTUNITIES FOR PARTICIPANTS WHICH TURNED INTO A NUMBER OF SUCCESSFUL COLLABORATIONS AND JOINT VENTURES. 7. BLACK BRAND WORKED ONE ON ONE WITH BUSINESSES NOT ONLY TO PREPARE THEM BUT TO CURATE CAPITAL OPPORTUNITIES FOR THEM BASED ON THEIR UNIQUE PROFILES, RESULTING IN A NUMBER OF BUSINESSES RECEIVING THEIR FIRST EVER CAPITAL OPPORTUNITIES IN THE FORM OF GRANTS, BUSINESS CREDIT CARDS, LINES OF CREDIT, AND PITCH CONTEST WINNINGS FROM ACROSS THE REGION. WOMEN WHO LEAD IS A 12-WEEK PROFESSIONAL DEVELOPMENT ACCELERATOR THAT HELPS MINORITY WOMEN (PRIORITIZING LMI CANDIDATES) IMPROVE THEIR LEADERSHIP SKILLS, ACCESS TRADITIONALLY MALE-DOMINATED INDUSTRIES, AND GAIN CERTIFICATIONS TO OBTAIN HIGHER PAYING WAGES OR ACCESS TO CONTRACT OPPORTUNITIES. IN PARTNERSHIP WITH NSU, PARTICIPANTS ARE EXPOSED TO 58 SUBJECT-MATTER EXPERTS. 75% OF PARTICIPANTS MATRICULATED INTO WWL SOCIETY FOR ONGOING PROFESSIONAL DEVELOPMENT. 15% OF PARTICIPANTS INCREASED THEIR PAY DURING OR AFTER THE 12-WEEK COHORT. 20% OF COHORT MEMBERS TOOK CLASSES TO OBTAIN CERTIFICATION. 30% OF PARTICIPANTS OBTAINED COMMUNITY-BASED LEADERSHIP POSITIONS. 10% OF PARTICIPANTS MATRICULATED INTO OTHER PERSONAL OR PROFESSIONAL DEVELOPMENT PROGRAMS. BLACK DIAMOND WEEKEND 2023 EXPANDED ITS OFFERING TO CREATE A FREE TRACK CALLED 757 BIAS WHICH INCLUDED AN OPPORTUNITY FAIR AND AFFIRMATIVE ACTION TOWN HALL, INTRODUCING PARTICIPANTS TO THE INVALUABLE RESOURCES THAT EXIST ACROSS THE HAMPTON ROADS REGION. IN ADDITION TO FOUR OTHER VALUE-PACKED TRACKS, PARTICIPANTS WERE GIVEN THE OPPORTUNITY TO EARN CEUS THROUGH TCC FOR THE COURSES TAKEN. THE 8TH ANNUAL BLACK DIAMOND AFFAIR AWARDED KEY LEADERS IN THE FOLLOWING CATEGORIES: EXCELLENCE IN INNOVATION: MICHELLE WREN- PORTSMOUTH PARTNERSHIP LIFETIME ACHIEVEMENT IN BUSINESS: DR. KEITH NEWBY - FORT NORFOLK MEDICAL PLAZA COMMUNITY IMPACT: TRUIST ENTREPRENEUR OF THE YEAR: DIAMOND GORMAN- REA-D EMPLOYMENT AGENCY, LLC EXCELLENCE IN NONPROFIT LEADERSHIP: ANTHONY WALTERS - YMCA EXCELLENCE IN BUSINESS LEADERSHIP - NNEKA CHIAZOR- COX COMMUNICATIONS EXCELLENCE IN HEALTH EQUITY- DANA BECKTON - SENTARA HEALTH EXCELLENCE IN PUBLIC RELATIONS- KELLI WEBB- KBD GROUP LLC EXCELLENCE IN ENTERTAINMENT- TONY BROTHERS- BROTHERS RESTAURANT BDW 2023 FEATURED 70+ HOURS OF CONTENT, 75 SPEAKERS ACROSS 3 DAYS, 451 PARTICIPANTS, 1 GRANT GIVEN TO BLACK HEALTH-INDUSTRY BUSINESS, AND 9 COMMUNITY BLACK DIAMOND AWARDS.


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Board, Officers & Key Employees

Name (title)Compensation
Blair Durham
Executive Di
$98,541
Lafayette Judkins
Chair
$0
Dr Genese Rogers CPA
Treasurer
$31,000
Randy Williams
Secretary
$0
Naomi Lewis
Parliamentar
$0
Clarence Harris CPA
Director
$6,546

Financial Statements

Statement of Revenue
Federated campaigns$151,500
Membership dues$153,849
Fundraising events$0
Related organizations$0
Government grants $71,475
All other contributions, gifts, grants, and similar amounts not included above$394,849
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$771,673
Total Program Service Revenue$538,540
Investment income $319
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 $1,311,900

Peer Organizations

Organization NameAssets
Community Action Of South Eastern West Virginia
Bluefield, WV
$13,634,857
City Of Baltimore Development Corporation
Baltimore, MD
$7,592,660
Carter Street Corporation
Chattanooga, TN
$10,617,267
Venture Richmond Inc
Richmond, VA
$8,083,211
Charlotte Center City Partners
Charlotte, NC
$7,348,709
Southwest Business Improvement District
Washington, DC
$5,316,282
Maryland Manufacturing Service Inc
Salisbury, MD
$4,902,403
Prince Georges County Economic Development Corporation
Largo, MD
$5,105,140
Enterprise Center Inc
Chattanooga, TN
$3,865,247
Common Ground Alliance
Alexandria, VA
$4,181,198
Baltimore Community Lending Inc
Baltimore, MD
$4,865,383
Anne Arundel Economic Development Corporation
Annapolis, MD
$3,951,927
Tysons Community Alliance
Tysons, VA
$3,097,973
The Central Baltimore Partnership Inc
Baltimore, MD
$4,310,518
Historic East Baltimore Community Action Coalition Inc
Baltimore, MD
$1,959,773
Neighborhood Impact Investment Fund Inc
Baltimore, MD
$3,569,338
Forward Cities Inc
Durham, NC
$1,860,427
Industrial Commons
Morganton, NC
$11,657,616
The Development Corporation Of Knox County Tennessee
Knoxville, TN
$632,758
Harvest Hands Community Development Corporation
Nashville, TN
$1,955,640
Partners In Ministry
Laurinburg, NC
$2,731,560
West Virginia High Technology Consortium Foundation
Fairmont, WV
$694,424
African American Mayors Association Inc
Washington, DC
$3,332,473
Catalytic Development Funding Corp Of Northern Kentucky
Covington, KY
$2,528,032
Binghampton Development Corporation
Memphis, TN
$3,329,941

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