Advancing Black Entrepreneurship Inc
- Assets
- $163.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- Data as of
- 12/2023
- EIN
- 85-4229701
Organization Overview
Advancing Black Entrepreneurship Inc is located in Little Rock, AR. According to its NTEE Classification (R02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advancing Black Entrepreneurship 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 12/2023, Advancing Black Entrepreneurship Inc generated $175.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $177.0k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
TO BUILD AN ECOSYSTEM THAT IS ROOTED IN EQUITY AND EMPOWERS BLACK ENTREPRENEURS TO START, GROW, AND SCALE THEIR BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay A Young Chairperson | 2 | $0 | |
Bruce James Secretary | 2 | $0 | |
Reginia Kimbrough Director | 2 | $0 | |
Rickey Hicks Director | 2 | $0 | |
Benito Benedicto Lubazibwa Executive Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,875 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $175,878 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $176,992 |
| Total expenses | $176,992 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $163 |
| Other assets | $0 |
| Total assets | $163 |
| Total liabilities | $0 |
| Net assets or fund balances | $163 |