Overview

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Fiscal Year Start

Not available

Organization Type

Grantseeker

AI Summary

The Economic Development Association for Black Communities (EDABC), with an EIN of 88-2273719, is dedicated to job preparation and procurement, aiming to connect and empower Black communities to thrive economically. Operating with a budget of $376.4K and generating $69.2K in revenue for the filing year 2024, the organization relies heavily on a single unidentified funder, which contributes $27.8M, indicating a significant dependency on one source for its financial support. EDABC’s mission focuses on enhancing talent development, business growth and retention, and policy advocacy across the regions it serves, as outlined on its website, edaforblackcommunities.com.

Mission Statement

The Economic Development Association for Black Communities (EDABC) connects, convenes, and catalyzes people, resources, and opportunities to ensure Black communities are positioned to prosper, grow, and thrive. We serve as a critical intermediary to amplify opportunities, access, and results across the regions where our communities reside with a focus on three crucial verticals: talent, business growth and retention, and policy.
Revenues
$69.2K
Expenses
$376.4K
Net Income:
-$307.1K
Assets
$43.3K
Liabilities
$10K
Net Assets:
+$33.3K
Operating Budget
$376.4K
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
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$25K
Largest grant received
$25K
J
Jice Johnson
Board Member
C
Charlyn Moss
Board Member
I
Isaiah Alexander
Board Member

Frequently Asked Questions

What is ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES’s budget?
In 2024, ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES reported an annual operating budget of around $376 thousand. More detailed financial information is available to registered users.
What causes does ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES support?
ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES supports work in Job Preparation & Procurement.
Where does ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES operate?
ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES is headquartered in Denver, CO.
Who funded ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES recently?
In 2024, ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES received grants from Rose Community Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES received in 2024?
The largest grant to ECONOMIC DEVELOPMENT ASSOCIATION FOR BLACK COMMUNITIES in 2024 exceeds $25 thousand.