Civic Intelligence

Black Economic Development Coalition Inc

EIN 65-0159176 • 501(c)3 • Miami, FL

Profile

Provide technical assistance and loans to small businesses

5120 NW 24th AVENUEMiami, FL 33142

tfcmiami.org

Siviq Scores

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

Liabilities / Assets

88th percentile

0.75x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

6.37x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $5M-$10M 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

16th percentile

-6.1%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-12%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$6,874,179

Down $449,173 (-6.1%) from 2023

Liabilities

Down

$5,173,441

Down $278,745 (-5.1%) from 2023

Net Assets

Down

$1,700,738

Down $170,428 (-9.1%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin13th percentile

Revenue

Down

$811,665

Down $111,449 (-12%) from 2023

Expenses

Down

$982,100

Down $80,539 (-7.6%) from 2023

Net Income

Down

-$170,435

Down $30,910 (-22%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth16th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $909,750Liabilities 2010: $293,815Net Assets 2010: $615,9352010Assets 2011: $1,063,799Liabilities 2011: $549,351Net Assets 2011: $514,4482011Assets 2012: $1,356,290Liabilities 2012: $1,090,961Net Assets 2012: $265,3292012Assets 2013: $1,789,076Liabilities 2013: $1,753,319Net Assets 2013: $35,7572013Assets 2014: $2,014,140Liabilities 2014: $2,078,968Net Assets 2014: -$64,8282014Assets 2015: $3,098,590Liabilities 2015: $2,314,864Net Assets 2015: $783,7262015Assets 2016: $2,749,745Liabilities 2016: $2,386,241Net Assets 2016: $363,5042016Assets 2017: $2,852,425Liabilities 2017: $3,212,349Net Assets 2017: -$359,8752017Assets 2018: $3,697,447Liabilities 2018: $4,104,246Net Assets 2018: -$406,7992018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $6,532,858Liabilities 2020: $6,579,114Net Assets 2020: -$46,2562020Assets 2021: $6,988,116Liabilities 2021: $4,791,462Net Assets 2021: $2,196,6542021Assets 2022: $7,096,450Liabilities 2022: $5,120,273Net Assets 2022: $1,976,1772022Assets 2023: $7,323,352Liabilities 2023: $5,452,186Net Assets 2023: $1,871,1662023Assets 2024: $6,874,179Liabilities 2024: $5,173,441Net Assets 2024: $1,700,7382024

Highlighted filing

2024

Assets$6,874,179
Liabilities$5,173,441
Net Assets$1,700,738
Open 2024 Filing

Operations Trend

Revenue Growth19th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $633,458Expenses 2010: $224,754Net Income 2010: $408,7042010Revenue 2011: $631,245Expenses 2011: $766,022Net Income 2011: -$134,7772011Revenue 2012: $620,379Expenses 2012: $368,694Net Income 2012: $251,6852012Revenue 2013: $933,299Expenses 2013: $902,437Net Income 2013: $30,8622013Revenue 2014: $585,061Expenses 2014: $611,253Net Income 2014: -$26,1922014Revenue 2015: $1,230,172Expenses 2015: $381,618Net Income 2015: $848,5542015Revenue 2016: $377,959Expenses 2016: $798,182Net Income 2016: -$420,2232016Revenue 2017: $526,097Expenses 2017: $606,858Net Income 2017: -$80,7612017Revenue 2018: $780,241Expenses 2018: $825,934Net Income 2018: -$45,6932018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $3,327,765Expenses 2020: $3,015,650Net Income 2020: $312,1152020Revenue 2021: $1,506,749Expenses 2021: $1,282,057Net Income 2021: $224,6922021Revenue 2022: $791,216Expenses 2022: $946,968Net Income 2022: -$155,7522022Revenue 2023: $923,114Expenses 2023: $1,062,639Net Income 2023: -$139,5252023Revenue 2024: $811,665Expenses 2024: $982,100Net Income 2024: -$170,4352024

Highlighted filing

2024

Revenue$811,665
Expenses$982,100
Net Income-$170,435
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
$6,874,179
Liabilities
$5,173,441
Net assets
$1,700,738
Revenue
$811,665
Expenses
$982,100
Net income
-$170,435
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.87$5.17$1.70$0.81$0.98$0.17
2023Detailed filing. Detailed filing data is available for this year.$7.32$5.45$1.87$0.92$1.06$0.14
2022Detailed filing. Detailed filing data is available for this year.$7.10$5.12$1.98$0.79$0.95$0.16
2021Detailed filing. Detailed filing data is available for this year.$6.99$4.79$2.20$1.51$1.28$0.22
2020Detailed filing. Detailed filing data is available for this year.$6.53$6.58$0.05$3.33$3.02$0.31
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$3.70$4.10$0.41$0.78$0.83$0.05
2017Summary only. Only limited summary data is available for this year.$2.85$3.21$0.36$0.53$0.61$0.08
2016Summary only. Only limited summary data is available for this year.$2.75$2.39$0.36$0.38$0.80$0.42
2015Summary only. Only limited summary data is available for this year.$3.10$2.31$0.78$1.23$0.38$0.85
2014Summary only. Only limited summary data is available for this year.$2.01$2.08$0.06$0.59$0.61$0.03
2013Summary only. Only limited summary data is available for this year.$1.79$1.75$0.04$0.93$0.90$0.03
2012Summary only. Only limited summary data is available for this year.$1.36$1.09$0.27$0.62$0.37$0.25
2011Summary only. Only limited summary data is available for this year.$1.06$0.55$0.51$0.63$0.77$0.13
2010Summary only. Only limited summary data is available for this year.$0.91$0.29$0.62$0.63$0.22$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$811,665
Mission and Program Overview

Mission

Provide technical assistance and loans to small businesses

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,759,377$6,329,093▼ $430,284
Pledges and Grants Receivable$524,024$528,153▲ $4,129
Cash and Non-Interest-Bearing Accounts$34,251$13,767▼ $20,484
Land, Buildings, and Equipment, Net$5,700$3,166▼ $2,534
Total Assets$7,323,352$6,874,179▼ $449,173
Liabilities
Other Liabilities$5,179,411$4,888,048▼ $291,363
Deferred Revenue$181,512$156,512▼ $25,000
Accounts Payable and Accrued Expenses$91,263$128,881▲ $37,618
Total Liabilities$5,452,186$5,173,441▼ $278,745
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,868,187$1,697,759▼ $170,428
Net Assets With Donor Restrictions$2,979$2,979→ $0
Total Net Assets Fund Balance$1,871,166$1,700,738▼ $170,428
Total Liabilities and Net Assets / Fund Balance$7,323,352$6,874,179▼ $449,173

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$3,166$13,070$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Leroy JonesExecutive DirectorsPT$39,028$39,028

Board Members and Trustees

NameTitle
Verbert C AndersonPresident
Nick DeciusSecretary
Betty GeorgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$799,101
Program Service Revenue
$0
Investment Income
$12,564
Other Revenue
$0
All Other Contributions
$10,952
Change in Net Assets
$-170,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$811,665
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$811,665
Total Revenue per Form 990
$811,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$624,943
Salaries, Compensation, and Employee Benefits$357,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$273,475--$273,475
Other Expenses$121,000$0$0$121,000
Office Expenses$40,193--$40,193
Current Officers, Directors, Trustees, and Key Employees-$39,028-$39,028
Fees for Services Accounting$27,907--$27,907
Payroll Taxes$22,077$2,980-$25,057
Occupancy$24,000--$24,000
Other Employee Benefits$19,597--$19,597
Insurance$11,059--$11,059
Fees for Services Legal-$3,250-$3,250
Depreciation Depletion$2,534--$2,534
Total Functional Expenses$936,842$45,258$0$982,100

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$982,100
Total Expenses per Audited Statements$982,100
Total Expenses per Form 990$982,100
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Long-term Liability$4,726,568
Loans Due to Clients$161,403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“THE BLACK ECONOMIC DEVELOPMENY COALITION, INC d/b/a TOOLS FOR CHANGE IS A MEMBERSHIP ORGANIZATION.”

Form 990, Part VI, Section A, Line 7A

“The members of the organization elect the board of directors”

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

“Organization's process to review irs form 990- the irs form 990 tax return is prepared by the accountant and reviewed and approved by the executive director.”

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

“Enforcement of conflicts of interest policy- each tear the board of directors, officers, and key employees disclose their outside business relationships to the organization. Based on the information provided, the board of directors determines the actions that must be taken. If the informationis determined to be false, then that person's position within the organization would be terminated.”

Form 990, Part VI, Section B, Line 15

“Compensation process for top officials- the board of directors reviews the executive director's salary on an annual basis and also directs the executive director to review staff's salary on an annual basis.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation- the organization makes governing documents, conflicts of interestp policy and financial statements available in the office where copies of the documents can be and are made upon request.”

Filing and Contact Details

Filer

Filer Name
Black Economic Development Coalition Inc
EIN
65-0159176
Phone
3052005568
Address
5120 NW 24th AVENUE, MIAMI, FL 33142
Doing Business As
Tools for Change

Signing Officer

Name
Leroy Jones
Title
Executive Director
Phone
3052005568
Signed
2025-11-12

Organization Details

Principal Officer
Leroy Jones
Formed
1989
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
7
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“We believe we have adequate disclosure for all tax uncertainties. Ther are open tax years as of december 31, 2024, 2023 and 2022 still under tax jurisdiction review: however, management has determined that no provision for uncertain tax positions is required at december 31, 2024.”

Raw XML AppendixShowing 400 of 463 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/OtherSalariesAndWagesGrp/ProgramServicesAmt0273475
IRS990/OtherSalariesAndWagesGrp/TotalAmt0273475
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06759377
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06329093
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02980
IRS990/PayrollTaxesGrp/ProgramServicesAmt022077
IRS990/PayrollTaxesGrp/TotalAmt025057
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0524024
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0528153
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LEROY JONES
IRS990/PriorPeriodAdjustmentsAmt07
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0891574
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt026170
IRS990/PYOtherExpensesAmt0722731
IRS990/PYOtherRevenueAmt05370
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-139525
IRS990/PYSalariesCompEmpBnftPaidAmt0339908
IRS990/PYTotalExpensesAmt01062639
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0923114
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-170435
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THIS YEAR THER WAS NO OTHER INCOME.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0788149
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0923114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0752830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01370254
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03319840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07154187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026142
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt030614
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07925
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt081439
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0136494
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0136494
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97044
IRS990ScheduleA/PublicSupportPY170Pct00.96839
IRS990ScheduleA/PublicSupportTotal170Amt07154187
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0788149
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0923114
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0752830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01370254
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03319840
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07154187
IRS990ScheduleA/TotalSupportAmt07372120
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03166
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013070
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt016236
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0982100
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt077
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04726568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1161403
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LONG-TERM LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOANS DUE TO CLIENTS
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0811665
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WE BELIEVE WE HAVE ADEQUATE DISCLOSURE FOR ALL TAX UNCERTAINTIES. THER ARE OPEN TAX YEARS AS OF DECEMBER 31, 2024, 2023 AND 2022 STILL UNDER TAX JURISDICTION REVIEW: HOWEVER, MANAGEMENT HAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED AT DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03166
IRS990ScheduleD/TotalExpensesPerForm990Amt0982100
IRS990ScheduleD/TotalLiabilityAmt04888048
IRS990ScheduleD/TotalRevenuePerForm990Amt0811665
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0811665
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0982100
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BLACK ECONOMIC DEVELOPMENY COALITION, INC d/b/a TOOLS FOR CHANGE IS A MEMBERSHIP ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION'S PROCESS TO REVIEW IRS FORM 990- THE IRS FORM 990 TAX RETURN IS PREPARED BY THE ACCOUNTANT AND REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENFORCEMENT OF CONFLICTS OF INTEREST POLICY- EACH TEAR THE BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES DISCLOSE THEIR OUTSIDE BUSINESS RELATIONSHIPS TO THE ORGANIZATION. BASED ON THE INFORMATION PROVIDED, THE BOARD OF DIRECTORS DETERMINES THE ACTIONS THAT MUST BE TAKEN. IF THE INFORMATIONIS DETERMINED TO BE FALSE, THEN THAT PERSON'S POSITION WITHIN THE ORGANIZATION WOULD BE TERMINATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION PROCESS FOR TOP OFFICIALS- THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S SALARY ON AN ANNUAL BASIS AND ALSO DIRECTS THE EXECUTIVE DIRECTOR TO REVIEW STAFF'S SALARY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION- THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICTS OF INTERESTP POLICY AND FINANCIAL STATEMENTS AVAILABLE IN THE OFFICE WHERE COPIES OF THE DOCUMENTS CAN BE AND ARE MADE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0BLACK ECONOMIC DEVELOPMENT COALITION INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0NEW MARKET TAX CREDITS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0TOOLS FOR MAGIC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt05120 NW 24th AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MIAMI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd033142
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd01
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07323352
IRS990/TotalAssetsEOYAmt06874179
IRS990/TotalAssetsGrp/BOYAmt07323352

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