Advancing Black Entrepreneurship Inc
- Assets
- $22.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- Data as of
- 12/2021
- 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce James Secretary | 2 | $0 | |
Jay A Young Chairperson | 2 | $0 | |
Reginia Kimbrough Director | 2 | $0 | |
Benito Benedicto Lubazibwa Executive Director | 40 | $0 | |
Rickey Hicks Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,996 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,997 |
| 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 | $51,522 |
| Total expenses | $51,522 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,475 |
| Other assets | $0 |
| Total assets | $22,475 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,475 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Advancing Black Entrepreneurship Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Winthrop Rockefeller Foundation Little Rock, AR PURPOSE: PROVIDE GENERAL OPERATING SUPPORT TO ARKANSAS ORGANIZATIONS THAT ARE CRITICAL TO THE EQUITY INFRASTRUCTURE IN ARKANSAS. | $50,000 |
Winthrop Rockefeller Foundation Little Rock, AR PURPOSE: PROVIDE GENERAL OPERATING SUPPORT TO ARKANSAS ORGANIZATIONS THAT ARE CRITICAL TO THE EQUITY INFRASTRUCTURE IN ARKANSAS. | $50,000 |
Winthrop Rockefeller Foundation Little Rock, AR PURPOSE: PROVIDE GENERAL OPERATING SUPPORT TO ARKANSAS ORGANIZATIONS THAT ARE CRITICAL TO THE EQUITY INFRASTRUCTURE IN ARKANSAS. | $50,000 |
Winthrop Rockefeller Foundation Little Rock, AR PURPOSE: PROVIDE GENERAL OPERATING SUPPORT TO ARKANSAS ORGANIZATIONS THAT ARE CRITICAL TO THE EQUITY INFRASTRUCTURE IN ARKANSAS. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Life - Missouri Inc Lees Summit, MO | $291,015 | $2,332,739 |
Iron Light Labs Chicago, IL | $172,661 | $916,061 |
Alabama Forward Montgomery, AL | $1,588,247 | $472,961 |
Nc Congress Of Latino Organizations Ncclo Durham, NC | $1,177,609 | $634,163 |
Clt Joules Charlotte, NC | $386,984 | $465,139 |