Civic Intelligence

Bac Funding Consortium Inc

EIN 59-2425541 • 501(c)4 • Miami, FL

Profile

Under the sponsorship of the BAC Funding Corporation (the "BAC"), the Consortium was formed to offer an alternative method for financial institutions to participate in the economic revitalization of the African-American community. The Consortium is a Florida chartered not-for-profit corporation whose board of directors consists of community, local government, minority businesspersons, professional and other business organizations as well as the financial institution members.

6600 NW 27th AvenueMiami, FL 33147

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

85th percentile

44%

Higher net margin than 85% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

52nd percentile

4.7%

Faster asset growth than 52% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

31%

Faster revenue growth than 78% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$2,302,130

Up $103,238 (+4.7%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,302,130

Up $103,238 (+4.7%) from 2023

Operations
Liabilities / Revenue30th percentileNet Margin85th percentile

Revenue

Up

$235,351

Up $55,505 (+31%) from 2023

Expenses

Down

$132,113

Down $15,031 (-10%) from 2023

Net Income

Up

$103,238

Up $70,536 (+216%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,416,639Liabilities 2011: $1,971Net Assets 2011: $3,414,6682011Assets 2012: $3,478,874Liabilities 2012: $50,758Net Assets 2012: $3,428,1162012Assets 2013: $2,863,992Liabilities 2013: $106,209Net Assets 2013: $2,757,7832013Assets 2014: $2,859,612Liabilities 2014: $250,760Net Assets 2014: $2,608,8522014Assets 2016: $2,518,588Liabilities 2016: $125,670Net Assets 2016: $2,392,9182016Assets 2017: $2,309,554Liabilities 2017: $0Net Assets 2017: $2,309,5542017Assets 2018: $2,234,965Liabilities 2018: $0Net Assets 2018: $2,234,9652018Assets 2019: $2,178,800Liabilities 2019: $0Net Assets 2019: $2,178,8002019Assets 2020: $2,151,631Liabilities 2020: $0Net Assets 2020: $2,151,6312020Assets 2021: $2,163,481Liabilities 2021: $0Net Assets 2021: $2,163,4812021Assets 2022: $2,166,190Liabilities 2022: $0Net Assets 2022: $2,166,1902022Assets 2023: $2,198,892Liabilities 2023: $0Net Assets 2023: $2,198,8922023Assets 2024: $2,302,130Liabilities 2024: $0Net Assets 2024: $2,302,1302024

Highlighted filing

2024

Assets$2,302,130
Liabilities$0
Net Assets$2,302,130
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $568,1382011Expenses 2012: $349,6882012Revenue 2013: $400,132Expenses 2013: $1,070,465Net Income 2013: -$670,3332013Revenue 2014: $103,901Expenses 2014: $252,832Net Income 2014: -$148,9312014Revenue 2016: $56,088Expenses 2016: $153,445Net Income 2016: -$97,3572016Revenue 2017: $64,213Expenses 2017: $147,577Net Income 2017: -$83,3642017Revenue 2018: $90,844Expenses 2018: $165,433Net Income 2018: -$74,5892018Revenue 2019: $105,835Expenses 2019: $162,000Net Income 2019: -$56,1652019Revenue 2020: $125,912Expenses 2020: $153,081Net Income 2020: -$27,1692020Revenue 2021: $137,943Expenses 2021: $126,093Net Income 2021: $11,8502021Revenue 2022: $130,736Expenses 2022: $128,027Net Income 2022: $2,7092022Revenue 2023: $179,846Expenses 2023: $147,144Net Income 2023: $32,7022023Revenue 2024: $235,351Expenses 2024: $132,113Net Income 2024: $103,2382024

Highlighted filing

2024

Revenue$235,351
Expenses$132,113
Net Income$103,238
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,302,130
Liabilities
$0
Net assets
$2,302,130
Revenue
$235,351
Expenses
$132,113
Net income
$103,238
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.00$2.30$0.24$0.13$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$0.00$2.20$0.18$0.15$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.13$0.13$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.00$2.16$0.14$0.13$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.13$0.15$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.00$2.18$0.11$0.16$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.00$2.23$0.09$0.17$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.00$2.31$0.06$0.15$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.52$0.13$2.39$0.06$0.15$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.86$0.25$2.61$0.10$0.25$0.15
2013Detailed filing. Detailed filing data is available for this year.$2.86$0.11$2.76$0.40$1.07$0.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.05$3.43$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$0.00$3.41$0.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$235,351
Mission and Program Overview

Mission

Under the sponsorship of the BAC Funding Corporation (the "BAC"), the Consortium was formed to offer an alternative method for financial institutions to participate in the economic revitalization of the African-American community. The Consortium is a Florida chartered not-for-profit corporation whose board of directors consists of community, local government, minority businesspersons, professional and other business organizations as well as the financial institution members.

The Consortium was formed to offer an alternative method for financial institutions to participate in the economic revitalization of the African-American community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,930,675$1,653,570▼ $277,105
Savings and Temporary Cash Investments$49,791$400,545▲ $350,754
Cash and Non-Interest-Bearing Accounts$188,379$217,968▲ $29,589
Accounts Receivable$30,047$30,047→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,198,892$2,302,130▲ $103,238
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,491,069$1,504,531▲ $13,462
Net Assets With Donor Restrictions$707,823$797,599▲ $89,776
Total Net Assets Fund Balance$2,198,892$2,302,130▲ $103,238
Total Liabilities and Net Assets / Fund Balance$2,198,892$2,302,130▲ $103,238
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Ronald FrazierChairman
Miguel RascoDirector
Otto LatimerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$230,469
Investment Income
$231
Other Revenue
$4,651
Change in Net Assets
$103,238

Audited Revenue Reconciliation

Revenue per Audited Statements
$235,351
Total Revenue per Audited Statements
$235,351
Total Revenue per Form 990
$235,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,113
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$100,000-$100,000
Fees for Services Accounting$23,400--$23,400
Office Expenses$8,113--$8,113
Fees for Services Other$600--$600
Total Functional Expenses$32,113$100,000$0$132,113

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$132,113
Total Expenses per Audited Statements$132,113
Total Expenses per Form 990$132,113
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“BAC Funding Consortium, Inc. pays BAC Funding Corporation to perform administrative tasks.”

Form 990, Part VI, Section B, Line 11B

“The Form 990 is first reviewed by management, then by the executive committee, and then presented to all board members at board meeting.”

Form 990, Part VI, Section B, Line 12C

“The Board meets quarterly and Board memebers are asked to disclose all conflicts of interest.”

Form 990, Part VI, Section B, Line 15A

“The board utilizes multiple resources for assessing a reasonable salary, including referring to form 990 of other nonprofit organizations and surveying salaries from similar sized organizations. The board must approve all compensation determinations.”

Form 990, Part VI, Section B, Line 15B

“The board utilizes multiple resources for assessing a reasonable salary, including referring to form 990 of other nonprofit organizations and surveying salaries from similar sized organizations. The board must approve all compensation determinations.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
BAC Funding Consortium Inc
EIN
59-2425541
Phone
3056933550
Address
6600 NW 27TH AVENUE, MIAMI, FL 33147

Signing Officer

Name
Ronald Frazier
Title
Chairman
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Frazier
Formed
1982
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
WatsonRice LLP
Address
31 West 34th Street 7006, New York, NY 10001
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Consortium is exempt from federal income taxes under Section 501 (c) (4) of the Internal Revenue Code. Accordingly, donations to the Consortium do not qualify for the charitable contributions deduction under the Internal Revenue Code. We are annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, it is subject to income tax on net income that is derived from business activities that are unrelated to our exempt purposes. We have determined that we are not subject to unrelated business income tax and have not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Consortium follows the provisions of ASC 740, Income Taxes, and has determined that as of December 31, 2024 and 2023, the Consortium had no material unrecognized tax provisions or benefits. BAC does not expect that unrecognized tax provisions or benefits will materially increase within the next twelve months.”

Raw XML Appendix368 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/DepreciationDepletionGrp/TotalAmt00
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IRS990/DescribedInSection501c3Ind0false
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
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IRS990/Form990PartVIISectionAGrp/PersonNm1Otto Latimer
IRS990/Form990PartVIISectionAGrp/PersonNm2Miguel Rasco
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0185867
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049791
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0400545
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0132113
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0235351
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Consortium is exempt from federal income taxes under Section 501 (c) (4) of the Internal Revenue Code. Accordingly, donations to the Consortium do not qualify for the charitable contributions deduction under the Internal Revenue Code. We are annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, it is subject to income tax on net income that is derived from business activities that are unrelated to our exempt purposes. We have determined that we are not subject to unrelated business income tax and have not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Consortium follows the provisions of ASC 740, Income Taxes, and has determined that as of December 31, 2024 and 2023, the Consortium had no material unrecognized tax provisions or benefits. BAC does not expect that unrecognized tax provisions or benefits will materially increase within the next twelve months.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueProgramRltdAmt01653570
IRS990ScheduleD/TotalExpensesPerForm990Amt0132113
IRS990ScheduleD/TotalRevenuePerForm990Amt0235351
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0235351
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0132113
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BAC Funding Consortium, Inc. pays BAC Funding Corporation to perform administrative tasks.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is first reviewed by management, then by the executive committee, and then presented to all board members at board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board meets quarterly and Board memebers are asked to disclose all conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board utilizes multiple resources for assessing a reasonable salary, including referring to form 990 of other nonprofit organizations and surveying salaries from similar sized organizations. The board must approve all compensation determinations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The board utilizes multiple resources for assessing a reasonable salary, including referring to form 990 of other nonprofit organizations and surveying salaries from similar sized organizations. The board must approve all compensation determinations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0650804430
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Economic Revitalization
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BAC Urban Initiatives Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt06600 NW 27th Avenue
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Miami
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd033147
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BAC Funding Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0592196535
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Develop and expand business opportunities for minorities
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06600 NW 27th Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Miami
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033147
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02198892
IRS990/TotalAssetsEOYAmt02302130
IRS990/TotalAssetsGrp/BOYAmt02198892
IRS990/TotalAssetsGrp/EOYAmt02302130
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032113
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132113
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02198892
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02302130
IRS990/TotalProgramServiceExpensesAmt032113
IRS990/TotalProgramServiceRevenueAmt0230469
IRS990/TotalRevenueGrp/ExclusionAmt0231
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0235120
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0235351
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02198892
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02302130
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06600 NW 27TH AVENUE
IRS990/USAddress/CityNm0MIAMI
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033147
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ronald Frazier
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAC Funding Consortium Inc
ReturnHeader/Filer/BusinessNameControlTxt0BACF
ReturnHeader/Filer/EIN0592425541
ReturnHeader/Filer/PhoneNum03056933550
ReturnHeader/Filer/USAddress/AddressLine1Txt06600 NW 27TH AVENUE
ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033147
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261726741
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WatsonRice LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt031 West 34th Street 7006
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010001
ReturnHeader/PreparerPersonGrp/PhoneNum02124477300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Baruti Bediako CPA
ReturnHeader/ReturnTs02025-11-17T06:04:04-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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