African American Entrepreneurs Association Inc
- Assets
- $41.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 82-4144646
Organization Overview
African American Entrepreneurs Association Inc is located in Daytona Beach, FL. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Entrepreneurs Association 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 12/2021, African American Entrepreneurs Association Inc generated $41.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $41.2k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION CREATE ECONOMIC DEVELOPMENT THROUGH ENTREPRENEURSHIP WITHIN THE UNDERSERVED AFRICAN AMERICAN COMMUNITY THROUGH EDUCATION, MENTORING, WORKSHOPS, GROUP ECONOMICS, AND MICRO-FINANCING OPPORTUNITIES FOR 121 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Parker Van Heart Board Memner | 5 | $0 | |
Kingsley D Maitland Board Memner | 5 | $0 | |
Leslie F Giscombe Chairman/ceo | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,359 |
| Total Program Service Revenue | $0 |
| Membership dues | $13,015 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,383 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,609 |
| Occupancy, rent, utilities, and maintenance | $4,628 |
| Printing, publications, postage, and shipping | $239 |
| Other expenses | $34,725 |
| Total expenses | $41,201 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,636 |
| Other assets | $0 |
| Total assets | $41,193 |
| Total liabilities | $67,400 |
| Net assets or fund balances | -$26,207 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that African American Entrepreneurs Association Inc has recieved totaling $14,914.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $7,457 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $7,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Opportunity Fund Inc Orlando, FL | $119,810,322 | $8,334,220 |
Florida Community Loan Fund Orlando, FL | $108,210,727 | $7,672,092 |
Bac Funding Corporation Miami, FL | $17,927,247 | $4,831,785 |
Community And Economic Development Quincy, FL | $11,268,446 | $5,882,256 |
Broward County Community Development Corporation Inc Fort Lauderdale, FL | $8,205,586 | $4,659,433 |
Miami Beach Community Development Corporation Inc Miami Beach, FL | $28,003,490 | $2,129,125 |
Neighbors And Neighbors Association Inc Miami, FL | $2,936,211 | $3,300,045 |
Pasco Economic Development Council Inc Lutz, FL | $4,349,801 | $2,360,770 |
Sunshine State Economic Development Corp Clearwater, FL | $6,634,562 | $1,695,679 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
Endeavor Miami Inc Miami, FL | $2,466,456 | $1,752,588 |
Black Economic Development Coalition Inc Miami, FL | $6,988,116 | $1,506,749 |