Civic Intelligence

Bba Foundation of Memphis Inc

EIN 80-0621931 • 501(c)3 • Memphis, TN

Profile

The organizations mission is to improve the economic well being of the Memphis, TN region by developing successful entrepreneurs through education, advocacy and business development

480 Dr Martin L King Jr AveMemphis, TN 38126

www.bbamemphis.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

95th percentile

78%

Higher net margin than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$149,992

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 200.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$58,192

Up $58,192 from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$58,192

Up $58,192 from 2022

Operations
Liabilities / Revenue62nd percentileNet Margin95th percentile

Revenue

Up

$75,000

Up $75,000 from 2022

Expenses

Up

$16,808

Up $16,808 from 2022

Net Income

Up

$58,192

Up $58,192 from 2022

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60K$40K$20K$0Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $1Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $58,192Liabilities 2023: $0Net Assets 2023: $58,1922023

Highlighted filing

2023

Assets$58,192
Liabilities$0
Net Assets$58,192
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80K$60K$40K$20K$0Revenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $75,000Expenses 2023: $16,808Net Income 2023: $58,1922023

Highlighted filing

2023

Revenue$75,000
Expenses$16,808
Net Income$58,192
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$58,192
Liabilities
$0
Net assets
$58,192
Revenue
$75,000
Expenses
$16,808
Net income
$58,192
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$58.2$0.00$58.2$75.0$16.8$58.2
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 25, 2024
Return Version
2022v5.0
Gross Receipts
$75,000
Mission and Program Overview

Mission

The organizations mission is to improve the economic well being of the Memphis, TN rgion by developing successful entreneurs through education, advocacy and business development

To improve the economic well being of the Memphis, TN region by developing successful entrepreneurs through education, advocacy and business development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$58,192-
Total Assets$0$58,192▲ $58,192
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$58,192-
Total Net Assets Fund Balance$0$58,192▲ $58,192
Total Liabilities and Net Assets / Fund Balance$0$58,192▲ $58,192
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Ernest D StricklandPresident/CEO$149,992$149,992
Alan A GumbelChief Operation Officer$58,546$58,546

Board Members and Trustees

NameTitle
Mark YatesChairman
Michael A Hooks JrSecretary
Carless McCullough EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$75,000
Change in Net Assets
$58,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,808
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
Other Expenses$16,480--$16,480
Advertising$328--$328
Total Functional Expenses$16,808$0$0$16,808
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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 6,7 8

“The Black Business Foundation is governed by our Board of Directors, a non-compensated, volunteer Board. The President/CEO, The Chief Operating Officer, employees and temporary interns are all accountable to the Board of Directors, We are also accountable to our funding sources. We provide quarterly, bi-annual and annual reports to our Funders. The BBA Foundation Board of Directors determines the Salary of the President/CEO. The President/CEO conducts hiring of staff and determines salaries of employees. The Board of Directors approved annual budget and reviews Financial Statements on quarterly basis during board meetings.”

Filing and Contact Details

Filer

Filer Name
BBA Foundation of Memphis Inc
EIN
80-0621931
Phone
9016369300
Address
480 Dr Martin L King Jr Ave, Memphis, TN 38126

Signing Officer

Name
Alan A Gumbel
Title
Chief Operating Officer
Phone
9016369300
Signed
2024-11-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan A Gumbel
Formed
2010
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Management Advisory Services
Address
3335 Oakleaf Dr, Olive Branch, MS 38654-7787
Preparer
Charles H Whitsy Jr
Phone
6623420096
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

“The Black Business Association Foundation is a 501c3 business organization formed in 2010 in Memphis Tennessee. BBA Foundation serves as one of lthe leaders in minority business development, with a focus on assisting Black Entrepreneurs, business owners and professionals in the successful navigation and participation of the Memphis MSA business Landscape. BBA Foundation serves as an advocacy organization as well as a convener and collaborator for the success of black business growth and development, which is the key to elevating the Memphis economy for the fiscal year ended June 30, 2023.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Black Business Association Foundation is a 501c3 business organization formed in 2010 in Memphis Tennessee. BBA Foundation serves as one of lthe leaders in minority business development, with a focus on assisting Black Entrepreneurs, business owners and professionals in the successful navigation and participation of the Memphis MSA business Landscape. BBA Foundation serves as an advocacy organization as well as a convener and collaborator for the success of black business growth and development, which is the key to elevating the Memphis economy for the fiscal year ended June 30, 2023.
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chief Operating Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum09016369300
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BBA Foundation of Memphis Inc
ReturnHeader/Filer/BusinessNameControlTxt0BBAF
ReturnHeader/Filer/EIN0800621931
ReturnHeader/Filer/PhoneNum09016369300
ReturnHeader/Filer/USAddress/AddressLine1Txt0480 Dr Martin L King Jr Ave
ReturnHeader/Filer/USAddress/CityNm0Memphis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038126
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621430056
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Management Advisory Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03335 Oakleaf Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Olive Branch
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0386547787
ReturnHeader/PreparerPersonGrp/PhoneNum06623420096
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Charles H Whitsy Jr
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-25T10:54:25-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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