Atlanta Black Owned Relief Inc
- Assets
- $57.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2021
- EIN
- 85-1522703
Organization Overview
Atlanta Black Owned Relief Inc is located in Atlanta, GA. According to its NTEE Classification (S43) the organization is classified as: Small Business 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. Atlanta Black Owned Relief 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, Atlanta Black Owned Relief Inc generated $14.4k in total revenue. All expenses for the organization totaled $110.6k during the year ending 12/2021.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC EMPOWERMENT EDUCATE THE YOUTH MILLENNIALS MERITBASED FUNDING SOCIAL AWARENESS TO HELP OUR COMMUNITYS BLACK ENTREPRENEURS
Describe the Organization's Program Activity:
Part 3
EMERGENCY RELIEF GRANT PROVIDED EMERGENCY FUNDS FOR BUSINESSES NEGATIVELY IMPACTED BY COVID-19.
PAYCHECK PROTECTION PROGRAM FILLING GAPS IN FEDERAL ASSISTANCE TO KEEP BLACK OWNED BUSINESSES ALIVE. THE PAYCHECKS PROTECTION GRANT WAS CREATED AT THE END OF JUNE DUE TO RIOTS AND LOOTING THAT OCCURED IN ATLANTA. THIS FUND REMAIN AVAILABLE FOR BLACK OWNED BUSINESS OWNERS THAT MAY EXPERIENCE FINANCIAL HARDSHIPS AND NEED SUPPORT THROUGH THESE TROUBLING TIMES. THIS FUND SUPPORTS GENERAL HARDSHIPS ENCOUNTERED DUE TO COVID-19. QUALIFYING SMALL BUSINESSES MAY RECEIVE FUNDS TO REIMBURSE FINANCES IF THEY HAVE NOT RECEIVED FEDERAL ASSISTANCE FOR THE CORRESPONDING ITEMS THEY ARE CLAIMING WITH THE STATE OF GEORGIA.
FREELANCE FORWARD GRANT THIS GRANT WAS CREATED TO HELP FREELANCERS, GIG WORKERS, AND CONTRACTORS SURVIVE THE RECESSION CAUSED BY COVID-19. THE FREELANCE FORWARD GRANT COVERS 1099 CONTRACT WORKERS IN INDUSTRIES SUCH AS HAIRSTYLIST, PHOTOGRAPHERS, RESTAURANT SERVERS, SALES SPECIALIST, DISK JOCKEYS, GRAPHIC DESIGNERS, BARTENDERS, ETC. FREELANCERS MUST HAVE PROOF OF HARDSHIP, PAY CUT, FURLOUGH OR REDUCED HOURS TO OFFICIALLY BE CONSIDERED FOR THIS GRANT.
BACK2SCHOOL PROG FALL 20: DONATED SCHOOL SUPPLIES TO STUDENTS & TEACHERS ATTENDING CHAPEL HILL ELEM AS THEY TRANSITION TO E-LEARNING DUE TO COVID19
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khadeeja Rayner Pr Director | Officer | 25 | $5,781 |
Kelysha Mccoy-Dennis Executive Director | Officer | 25 | $5,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,373 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,373 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,719 |
| Professional fees and other payments to independent contractors | $5,714 |
| Occupancy, rent, utilities, and maintenance | $8,646 |
| Printing, publications, postage, and shipping | $12 |
| Other expenses | $13,322 |
| Total expenses | $110,568 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,879 |
| Other assets | $0 |
| Total assets | $57,879 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,879 |
Grants Awarded
Over the last fiscal year, Atlanta Black Owned Relief Inc has awarded $75,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RCR CONSIGNMENT BOUTIQUE PURPOSE: Paycheck Protection | $20,000 |
CHOKE UNIT BJJ PURPOSE: Emergency Relief | $20,000 |
MAID TO CLEAN PURPOSE: Paycheck Protection | $15,000 |
WILBOURN SISTERS DESIGNS PURPOSE: Emegency Relief | $5,000 |
SHEARZ INSTITUTE LLC PURPOSE: Emergency Relief | $5,000 |
JERK BERSERK 3 GIRLS & GRI PURPOSE: Paycheck Protection | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Business Development Corporation Tampa, FL | $33,289,618 | $11,353,738 |
Florida First Capital Finance Corporation Inc Tallahassee, FL | $141,828,731 | $12,402,139 |
South Carolina Manufacturing Extension Partnership Greenville, SC | $4,506,207 | $8,798,009 |
Black Business Investments Fund Inc Orlando, FL | $36,658,367 | $11,605,292 |
Innovation Depot Inc Birmingham, AL | $15,832,125 | $3,165,143 |
Hispanic Business Initiative Fund Of Florida Inc Orlando, FL | $4,121,804 | $3,822,531 |
Brightbridge Inc Chattanooga, TN | $120,622,501 | $3,473,186 |
National Institute Of Minority Economic Development Durham, NC | $8,985,701 | $1,722,745 |
Tampa Bay Wave Inc Tampa, FL | $1,054,674 | $1,625,044 |
The Southern Development Council Inc Mountain Brook, AL | $5,076,770 | $1,106,394 |
Winston Starts Winstonsalem, NC | $2,039,563 | $1,547,404 |
The Catalyst Center For Business & Entrepreneurship Huntsville, AL | $634,732 | $1,362,873 |