Overview

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Est.

1989

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The BLACK ECONOMIC DEVELOPMENT COALITION INC is a nonprofit organization focused on urban development, specifically aimed at providing financing and technical assistance to small businesses and microenterprises in Miami-Dade County. With an operating budget of $982.1K and total revenue of $811.7K for the filing year 2024, the organization relies on significant support from funders such as JPMORGAN CHASE FOUNDATION and The Miami Foundation, although no single funder contributes 50% or more of its revenue.

Mission Statement

ADMINISTER'S LOAN PROGRAMS WHO'S PURPOSE IS TO PROVIDE SMALL BUSINESSES AND MICROENTERPRISES IN MIAMI DADE COUNTY THE FINANCING AND TECHNICAL ASSISTANCE NEEDED TO ASSIST WITH JOB CREATION, EQUIPMENT PURCHASES AND WORKING CAPITAL
Revenues
$811.7K
Expenses
$982.1K
Net Income:
-$170.4K
Assets
$6.9M
Liabilities
$5.2M
Net Assets:
+$1.7M
Operating Budget
$982.1K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K
V
Verbert C Anderson
Board Member
N
Nick Decius
Board Member
B
Betty George
Board Member

Frequently Asked Questions

What is BLACK ECONOMIC DEVELOPMENT COALITION INC’s budget?
In 2024, BLACK ECONOMIC DEVELOPMENT COALITION INC reported an annual operating budget of around $982 thousand. More detailed financial information is available to registered users.
What causes does BLACK ECONOMIC DEVELOPMENT COALITION INC support?
BLACK ECONOMIC DEVELOPMENT COALITION INC supports work in Urban development.
Where does BLACK ECONOMIC DEVELOPMENT COALITION INC operate?
BLACK ECONOMIC DEVELOPMENT COALITION INC is headquartered in Miami, FL.
Who funded BLACK ECONOMIC DEVELOPMENT COALITION INC recently?
In 2023, BLACK ECONOMIC DEVELOPMENT COALITION INC received grants from The Miami Foundation and JPMORGAN CHASE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant BLACK ECONOMIC DEVELOPMENT COALITION INC received in 2023?
The largest grant to BLACK ECONOMIC DEVELOPMENT COALITION INC in 2023 exceeds $10 thousand.
What is BLACK ECONOMIC DEVELOPMENT COALITION INC’s reliance on government grants?
BLACK ECONOMIC DEVELOPMENT COALITION INC relied on government grants for more than 95% of their total revenue in 2024.