Civic Intelligence

Black Economic Development Coalition Inc.

990 • Fiscal year 2023 • EIN 65-0159176

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization Profiletfcmiami.org
5120 NW 24th AVENUEMiami, FL 33142

(305) 200-5568

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.74x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

5.91x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

25th percentile

$36,600

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

43rd percentile

3.2%

Faster asset growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

17%

Faster revenue growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$7,323,352

Up $226,902 (+3.2%) from 2022

Net Assets

Down

$1,871,166

Down $105,011 (-5.3%) from 2022

Liabilities

Up

$5,452,186

Up $331,913 (+6.5%) from 2022

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin17th percentile

Revenue

Up

$923,114

Up $131,898 (+17%) from 2022

Expenses

Up

$1,062,639

Up $115,671 (+12%) from 2022

Net Income

Up

-$139,525

Up $16,227 (+10%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2023

Assets$7,323,352
Liabilities$5,452,186
Net Assets$1,871,166
Open 2023 Filing

Operations Trend

Revenue Growth66th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$923,114
Expenses$1,062,639
Net Income-$139,525
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$923,114
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$6,576,769$6,759,377▲ $182,608
Pledges and Grants Receivable$504,450$524,024▲ $19,574
Cash and Non-Interest-Bearing Accounts$15,231$34,251▲ $19,020
Land, Buildings, and Equipment, Net$0$5,700▲ $5,700
Total Assets$7,096,450$7,323,352▲ $226,902
Liabilities
Other Liabilities$4,864,152$5,179,411▲ $315,259
Deferred Revenue$181,512$181,512→ $0
Accounts Payable and Accrued Expenses$74,609$91,263▲ $16,654
Total Liabilities$5,120,273$5,452,186▲ $331,913
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,973,198$1,868,187▼ $105,011
Net Assets With Donor Restrictions$2,979$2,979→ $0
Total Net Assets Fund Balance$1,976,177$1,871,166▼ $105,011
Total Liabilities and Net Assets / Fund Balance$7,096,450$7,323,352▲ $226,902

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$5,700$10,536$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Leroy JonesExecutive DirectorsPT$36,600$36,600

Board Members and Trustees

NameTitle
Verbert C AndersonPresident
Nick DeciusSecretary
Betty GeorgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$891,574
Program Service Revenue
$0
Investment Income
$26,170
Other Revenue
$5,370
All Other Contributions
$10,000
Change in Net Assets
$-139,525

Audited Revenue Reconciliation

Revenue per Audited Statements
$923,114
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$923,114
Total Revenue per Form 990
$923,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$722,731
Salaries, Compensation, and Employee Benefits$339,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$241,222--$241,222
Other Expenses$0$103,152$0$103,152
Other Employee Benefits$39,171--$39,171
Current Officers, Directors, Trustees, and Key Employees-$36,600-$36,600
Occupancy$24,000--$24,000
Payroll Taxes$22,915--$22,915
Office Expenses$16,241$5,825-$22,066
Fees for Services Accounting$18,830--$18,830
Insurance$9,954--$9,954
Depreciation Depletion-$1,900-$1,900
Travel-$882-$882
Advertising-$103-$103
Total Functional Expenses$914,177$148,462$0$1,062,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,062,639
Total Expenses per Audited Statements$1,062,639
Total Expenses per Form 990$1,062,639
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 Liability$4,906,559
Deferred Revenue$181,512
Accounts Payable$91,263
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 DEVELOPMENT 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 elects 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 perpared 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 year the board of directors, officers, and key employees disclose their outside business relationships to the organization. Basedon the information provided, the board of directors determines the actions that must be taken. If the information is 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 official- 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 interest 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
2024-11-15

Organization Details

Principal Officer
Leroy Jones
Formed
1989
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
6
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“We believe we have adequate disclosure for all tax uncertainties. There are open tax years as of december 31, 2023. 2022 and 2021 still under tax jurisdiction review: however, management has determined that no provision for uncertain tax positions is required at december 31, 2023.”

Raw XML AppendixShowing 400 of 472 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/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt05370
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt05370
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THIS YEAR THERE IS NO OTHER INCOME
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0923114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0752830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01370254
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03319840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0753067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07119105
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt026142
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt030614
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07925
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt027025
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt095900
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0136494
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0136494
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96839
IRS990ScheduleA/PublicSupportPY170Pct00.97113
IRS990ScheduleA/PublicSupportTotal170Amt07119105
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0923114
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0752830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01370254
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03319840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0753067
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07119105
IRS990ScheduleA/TotalSupportAmt07351499
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/BookValueAmt05700
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010536
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt016236
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01062639
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/Amt091263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1181512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24906559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCOUNTS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITY
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0923114
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WE BELIEVE WE HAVE ADEQUATE DISCLOSURE FOR ALL TAX UNCERTAINTIES. THERE ARE OPEN TAX YEARS AS OF DECEMBER 31, 2023. 2022 AND 2021 STILL UNDER TAX JURISDICTION REVIEW: HOWEVER, MANAGEMENT HAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED AT DECEMBER 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05700
IRS990ScheduleD/TotalExpensesPerForm990Amt01062639
IRS990ScheduleD/TotalLiabilityAmt05179411
IRS990ScheduleD/TotalRevenuePerForm990Amt0923114
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0923114
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01062639
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BLACK ECONOMIC DEVELOPMENT COALITION, INC d/b/a TOOLS FOR CHANGE IS A MEMBERSHIP ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ORGANIZATION ELECTS THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION'S PROCESS TO REVIEW IRS FORM 990- THE IRS FORM 990 TAX RETURN IS PERPARED BY THE ACCOUNTANT AND REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENFORCEMENT OF CONFLICTS OF INTEREST POLICY-EACH YEAR THE BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES DISCLOSE THEIR OUTSIDE BUSINESS RELATIONSHIPS TO THE ORGANIZATION. BASEDON THE INFORMATION PROVIDED, THE BOARD OF DIRECTORS DETERMINES THE ACTIONS THAT MUST BE TAKEN. IF THE INFORMATION IS DETERMINED TO BE FALSE, THEN THAT PERSON'S POSITION WITHIN THE ORGANIZATION WOULD BE TERMINATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION PROCESS FOR TOP OFFICIAL- 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 INTEREST 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,323,352
Liabilities
$5,452,186
Net assets
$1,871,166
Revenue
$923,114
Expenses
$1,062,639
Net income
-$139,525
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