Civic Intelligence

Palm Beach County Black Business Invest Corp

EIN 59-2829862 • 501(c)4 • Riviera Beach, FL

Profile

To provide guarantees for small black owned businesses.

2001 BroadwayRiviera Beach, FL 33404

n/A

Siviq Scores

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

Liabilities / Assets

58th percentile

0.13x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

85th percentile

1.00x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2025

Net Margin

75th percentile

28%

Higher net margin than 75% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$114,240

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

501(c)4 • $5M-$10M nonprofits • Source year 2025

Asset Growth

64th percentile

9.5%

Faster asset growth than 64% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

21st percentile

-6.1%

Faster revenue growth than 21% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$5,410,963

Up $585,854 (+12%) from 2022

Liabilities

Down

$9,403

Down $644 (-6.4%) from 2022

Net Assets

Up

$5,401,560

Up $586,498 (+12%) from 2022

Revenue

Up

$1,107,024

Up $1,000,728 (+941%) from 2022

Expenses

Up

$520,526

Up $132,343 (+34%) from 2022

Net Income

Up

$586,498

Up $868,385 (+308%) from 2022

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,140,055Liabilities 2011: $4,500Net Assets 2011: $3,135,5552011Assets 2012: $3,524,166Liabilities 2012: $4,500Net Assets 2012: $3,519,6662012Assets 2013: $3,793,402Liabilities 2013: $8,476Net Assets 2013: $3,784,9262013Assets 2014: $4,131,032Liabilities 2014: $8,449Net Assets 2014: $4,122,5832014Assets 2015: $3,887,330Liabilities 2015: $8,564Net Assets 2015: $3,878,7662015Assets 2016: $3,692,615Liabilities 2016: $9,978Net Assets 2016: $3,682,6372016Assets 2017: $3,784,201Liabilities 2017: $6,678Net Assets 2017: $3,777,5232017Assets 2018: $3,752,781Liabilities 2018: $5,000Net Assets 2018: $3,747,7812018Assets 2019: $3,740,563Liabilities 2019: $5,000Net Assets 2019: $3,735,5632019Assets 2020: $3,798,169Liabilities 2020: $10,018Net Assets 2020: $3,788,1512020Assets 2021: $5,091,598Liabilities 2021: $12,152Net Assets 2021: $5,079,4462021Assets 2022: $4,825,109Liabilities 2022: $10,047Net Assets 2022: $4,815,0622022Assets 2023: $5,410,963Liabilities 2023: $9,403Net Assets 2023: $5,401,5602023

Highlighted filing

2023

Assets$5,410,963
Liabilities$9,403
Net Assets$5,401,560

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $274,898Expenses 2011: $244,347Net Income 2011: $30,5512011Expenses 2012: $240,0552012Expenses 2013: $248,6032013Revenue 2014: $594,950Expenses 2014: $257,293Net Income 2014: $337,6572014Revenue 2015: $165,690Expenses 2015: $409,506Net Income 2015: -$243,8162015Revenue 2016: $273,652Expenses 2016: $469,781Net Income 2016: -$196,1292016Revenue 2017: $548,188Expenses 2017: $276,635Net Income 2017: $271,5532017Revenue 2018: $252,648Expenses 2018: $282,390Net Income 2018: -$29,7422018Revenue 2019: $224,632Expenses 2019: $236,850Net Income 2019: -$12,2182019Revenue 2020: $304,729Expenses 2020: $270,241Net Income 2020: $34,4882020Revenue 2021: $1,655,774Expenses 2021: $384,886Net Income 2021: $1,270,8882021Revenue 2022: $106,296Expenses 2022: $388,183Net Income 2022: -$281,8872022Revenue 2023: $1,107,024Expenses 2023: $520,526Net Income 2023: $586,4982023

Highlighted filing

2023

Revenue$1,107,024
Expenses$520,526
Net Income$586,498

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.41$0.01$5.40$1.11$0.52$0.59
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$0.01$4.82$0.11$0.39$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$0.01$5.08$1.66$0.38$1.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.80$0.01$3.79$0.30$0.27$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.01$3.74$0.22$0.24$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.01$3.75$0.25$0.28$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.78$0.01$3.78$0.55$0.28$0.27
2016Detailed filing. Detailed filing data is available for this year.$3.69$0.01$3.68$0.27$0.47$0.20
2015Detailed filing. Detailed filing data is available for this year.$3.89$0.01$3.88$0.17$0.41$0.24
2014Detailed filing. Detailed filing data is available for this year.$4.13$0.01$4.12$0.59$0.26$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.01$3.78$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.00$3.52$0.24
2011Summary only. Only limited summary data is available for this year.$3.14$0.00$3.14$0.27$0.24$0.03
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 7, 2023
Return Version
2021v4.1
Gross Receipts
$106,296
Mission and Program Overview

Mission

The mission of the Palm Beach County Black Business Investment Corporation (BBIC) is to expand the participation of Black business enterprises in all segments of Palm Beach County and the Treasure Coast Region economies by creating a perpetual flow of capital for their growth and aggressively promoting an atmosphere which is conducive to their development.

To provide loan guarantees, financial literacy and technical assistance for small black owned businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,668,457$3,172,095▼ $496,362
Other Notes and Loans Receivable, Net-$697,731-
Pledges and Grants Receivable$4,500$454,500▲ $450,000
Cash and Non-Interest-Bearing Accounts$1,357,716$450,210▼ $907,506
Land, Buildings, and Equipment, Net$58,659$48,307▼ $10,352
Prepaid Expenses and Deferred Charges$2,266$2,266→ $0
Total Assets$5,091,598$4,825,109▼ $266,489
Liabilities
Accounts Payable and Accrued Expenses$12,152$10,047▼ $2,105
Total Liabilities$12,152$10,047▼ $2,105
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,229,446$4,208,608▼ $20,838
Net Assets With Donor Restrictions$850,000$606,454▼ $243,546
Total Net Assets Fund Balance$5,079,446$4,815,062▼ $264,384
Total Liabilities and Net Assets / Fund Balance$5,091,598$4,825,109▼ $266,489

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,307$24,221$72,528
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marlon WhitePresidentFT$99,000$99,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$568,970
Program Service Revenue
$14,355
Investment Income
$-477,029
Other Revenue
$0
All Other Contributions
$6,470
Change in Net Assets
$-281,887

Audited Revenue Reconciliation

Revenue per Audited Statements
$106,296
Total Revenue per Audited Statements
$106,296
Total Revenue per Form 990
$106,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$236,331
Other Expenses$151,852
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$166,975$29,466$0$196,441
Other Expenses$51,108$9,019$0$60,127
All Other Expenses$23,580$4,161$0$27,741
Other Employee Benefits$19,426$3,948$0$23,374
Depreciation Depletion$14,366$2,535$0$16,901
Payroll Taxes$11,540$2,036$0$13,576
Occupancy$10,583$1,868$0$12,451
Office Expenses$8,156$1,439$0$9,595
Pension Plan Contributions$2,940$0$0$2,940
Travel$1,359$240$0$1,599
Total Functional Expenses$325,806$62,377$0$388,183

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$388,183
Expenses per Audited Statements$381,633
Total Expenses per Audited Statements$381,633
Expenses Not Reported on Financial Statements$6,550
Other Expense Adjustments$6,550
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Palm Beach County Black Business Invest Corp
EIN
59-2829862
Phone
5618458055
Address
2001 BROADWAY, RIVIERA BEACH, FL 33404

Signing Officer

Name
Marlon White
Title
President
Phone
5618458055
Signed
2023-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marlon White
Formed
1987
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
0

Preparer

Firm
Mark Escoffery Pa
Address
8645 N MILITARY TRAIL STE 503, PALM BEACH GARDENS, FL 33410
Preparer
Mark Escoffery
Phone
5616271404
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Board members are provided with a copy of 990 for their review

Pt XI

Depreciation differnce between book and tax return of $593 and $21,000 in capital contributions received.

Financial Statement Notes

Pt XII, Line 4B

Difference between book and tax depreciation

Raw XML AppendixShowing 400 of 420 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.

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IRS990/OfficeExpensesGrp/TotalAmt09595
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt017550
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03948
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019426
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023374
IRS990/OtherExpensesGrp/Desc0INSURANCE
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc3CONTRACT SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0212
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1474
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26979
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt39019
IRS990/OtherExpensesGrp/ProgramServicesAmt01204
IRS990/OtherExpensesGrp/ProgramServicesAmt12687
IRS990/OtherExpensesGrp/ProgramServicesAmt211882
IRS990/OtherExpensesGrp/ProgramServicesAmt351108
IRS990/OtherExpensesGrp/TotalAmt01416
IRS990/OtherExpensesGrp/TotalAmt13161
IRS990/OtherExpensesGrp/TotalAmt218861
IRS990/OtherExpensesGrp/TotalAmt360127
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029466
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0166975
IRS990/OtherSalariesAndWagesGrp/TotalAmt0196441
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0697731
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02036
IRS990/PayrollTaxesGrp/ProgramServicesAmt011540
IRS990/PayrollTaxesGrp/TotalAmt013576
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02940
IRS990/PensionPlanContributionsGrp/TotalAmt02940
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0454500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02266
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02266
IRS990/PrincipalOfficerNm0MARLON WHITE
IRS990/PriorPeriodAdjustmentsAmt0-47
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/Desc0FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt014355
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014355
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01050993
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0539731
IRS990/PYOtherExpensesAmt0188454
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt065050
IRS990/PYRevenuesLessExpensesAmt01270888
IRS990/PYSalariesCompEmpBnftPaidAmt0196432
IRS990/PYTotalExpensesAmt0384886
IRS990/PYTotalRevenueAmt01655774
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-281887
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0106296
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt048307
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024221
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072528
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt06550
IRS990ScheduleD/ExpensesSubtotalAmt0381633
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt06550
IRS990ScheduleD/RevenueSubtotalAmt0106296
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIFFERENCE BETWEEN BOOK AND TAX DEPRECIATION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt048307
IRS990ScheduleD/TotalExpensesPerForm990Amt0388183
IRS990ScheduleD/TotalRevenuePerForm990Amt0106296
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0106296
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0381633
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE PROVIDED WITH A COPY OF 990 FOR THEIR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION DIFFERNCE BETWEEN BOOK AND TAX RETURN OF $593 AND $21,000 IN CAPITAL CONTRIBUTIONS RECEIVED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05091598
IRS990/TotalAssetsEOYAmt04825109
IRS990/TotalAssetsGrp/BOYAmt05091598
IRS990/TotalAssetsGrp/EOYAmt04825109
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0568970
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt062377
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325806
IRS990/TotalFunctionalExpensesGrp/TotalAmt0388183
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012152
IRS990/TotalLiabilitiesEOYAmt010047
IRS990/TotalLiabilitiesGrp/BOYAmt012152
IRS990/TotalLiabilitiesGrp/EOYAmt010047
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05079446
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04815062
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0325806
IRS990/TotalProgramServiceRevenueAmt014355
IRS990/TotalReportableCompFromOrgAmt099000
IRS990/TotalRevenueGrp/ExclusionAmt0-462674
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0106296
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05091598
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04825109
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0240
IRS990/TravelGrp/ProgramServicesAmt01359
IRS990/TravelGrp/TotalAmt01599
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02001 BROADWAY STE 210
IRS990/USAddress/CityNm0RIVIERA BEACH
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033404
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARLON WHITE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05618458055
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALM BEACH COUNTY BLACK BUSINESS INVEST CORP
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0592829862
ReturnHeader/Filer/PhoneNum05618458055

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