Civic Intelligence

Black Brand

EIN 81-3953180 • 501(c)3 • Norfolk, VA

Profile

"brand" stands for business research analytics networking and development. Black brand is the black chamber of commerce for the hampton roads, va area, whose mission is to promote group economics through professional development and community empowerment. As the black chamber of commerce, organization's mission is to transform our local, regional, and national community through unity, education, access, opportunity, and development. During 2023 71% of participants were women-owned businesses, 40% of program participants resided in low or moderate income zip codes, and 20% of program participants were military affiliated.

520 E Main Street Ste 4Norfolk, VA 23510

www.blackbrand.biz

Siviq Scores

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

Liabilities / Assets

97th percentile

1.57x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.19x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-27%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$102,900

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-48%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-20%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$127,201

Down $117,842 (-48%) from 2023

Liabilities

Up

$200,093

Up $164,060 (+455%) from 2023

Net Assets

Down

-$72,892

Down $281,902 (-135%) from 2023

Revenue

Down

$1,052,770

Down $259,130 (-20%) from 2023

Expenses

Down

$1,334,672

Down $82,190 (-5.8%) from 2023

Net Income

Down

-$281,902

Down $176,940 (-169%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2016: $990Liabilities 2016: $0Net Assets 2016: $9902016Assets 2017: -$656Liabilities 2017: $02017Assets 2018: $4,295Liabilities 2018: $02018Assets 2019: $9,813Liabilities 2019: $0Net Assets 2019: $9,8132019Assets 2020: $22,720Liabilities 2020: $10,908Net Assets 2020: $11,8122020Assets 2021: $1,050,467Liabilities 2021: $635,000Net Assets 2021: $415,4672021Assets 2022: $609,830Liabilities 2022: $295,858Net Assets 2022: $313,9722022Assets 2023: $245,043Liabilities 2023: $36,033Net Assets 2023: $209,0102023Assets 2024: $127,201Liabilities 2024: $200,093Net Assets 2024: -$72,8922024

Highlighted filing

2024

Assets$127,201
Liabilities$200,093
Net Assets-$72,892

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $19,890Expenses 2016: $18,900Net Income 2016: $9902016Revenue 2017: $38,469Expenses 2017: $40,115Net Income 2017: -$1,6462017Revenue 2018: $34,188Expenses 2018: $29,237Net Income 2018: $4,9512018Revenue 2019: $54,819Expenses 2019: $49,301Net Income 2019: $5,5182019Revenue 2020: $144,199Expenses 2020: $142,200Net Income 2020: $1,9992020Revenue 2021: $876,134Expenses 2021: $472,479Net Income 2021: $403,6552021Revenue 2022: $954,098Expenses 2022: $1,055,593Net Income 2022: -$101,4952022Revenue 2023: $1,311,900Expenses 2023: $1,416,862Net Income 2023: -$104,9622023Revenue 2024: $1,052,770Expenses 2024: $1,334,672Net Income 2024: -$281,9022024

Highlighted filing

2024

Revenue$1,052,770
Expenses$1,334,672
Net Income-$281,902

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 9, 2026
Return Version
2024v5.0
Gross Receipts
$1,052,770
Mission and Program Overview

Mission

"brand" stands for business research analytics networking and development. Black brand is the black chamber of commerce for the hampton roads, va area, whose mission is to promote group economics through professional development and community empowerment. As the black chamber of commerce, organization's mission is to transform our local, regional, and national community through unity, education, access, opportunity, and development. During 2023 71% of participants were women-owned businesses, 40% of program participants resided in low or moderate income zip codes, and 20% of program participants were military affiliated.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$93,442$107,309▲ $13,867
Cash and Non-Interest-Bearing Accounts$146,883$11,683▼ $135,200
Accounts Receivable-$5,025-
Land, Buildings, and Equipment, Net$4,718$3,184▼ $1,534
Total Assets$245,043$127,201▼ $117,842
Liabilities
Deferred Revenue-$125,000-
Accounts Payable and Accrued Expenses$36,033$60,255▲ $24,222
Other Liabilities-$14,838-
Total Liabilities$36,033$200,093▲ $164,060
Net Assets / Fund Balance
Net Assets With Donor Restrictions$126,231--
Net Assets Without Donor Restrictions$82,779$-72,892▼ $155,671
Total Net Assets Fund Balance$209,010$-72,892▼ $281,902
Total Liabilities and Net Assets / Fund Balance$245,043$127,201▼ $117,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,184$4,486$7,670
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Blair DurhamExecutive DiFT$102,900$102,900
Dr Genese Rogers CPATreasurer-$32,810$32,810
Jazmin Mullen-allen EsqDirector-$450$450

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$443,317
Program Service Revenue
$609,447
Investment Income
$6
Other Revenue
$0
All Other Contributions
$288,270
Change in Net Assets
$-281,902

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,052,770
Revenue Not Reported on Form 990
$115,425
Total Revenue per Audited Statements
$1,168,195
Total Revenue per Form 990
$1,052,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$833,502
Salaries, Compensation, and Employee Benefits$424,170
Grants and Similar Amounts Paid$77,000
Total Fundraising Expense$40,839
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$365,880$4,207$2,104$372,191
Other Salaries and Wages$208,570$24,538$12,269$245,377
Fees for Services Other$221,997--$221,997
Current Officers, Directors, Trustees, and Key Employees$120,725$10,290$5,145$136,160
Grants to Domestic Individuals$77,000--$77,000
Advertising$49,412-$12,353$61,765
Fees for Services Accounting$43,359$5,101$2,551$51,011
Payroll Taxes$22,828$2,686$1,343$26,857
Occupancy$22,192$2,611$1,305$26,108
Office Expenses$17,351$2,042$1,020$20,413
Other Employee Benefits$13,409$1,578$789$15,776
Information Technology$5,884$692$346$6,922
All Other Expenses$5,177$457$228$5,862
Other Expenses$4,860$1,371$1,271$4,860
Insurance$1,957$230$115$2,302
Interest$2,126--$2,126
Depreciation Depletion$1,381$153-$1,534
Travel$280--$280
Total Functional Expenses$1,233,635$60,198$40,839$1,334,672

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,450,097
Expenses per Audited Statements$1,334,672
Total Expenses per Form 990$1,334,672
Expenses Not Reported on Form 990$115,425
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 Liabilities$14,838
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

A draft of the 990 is sent to to board for approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

Each director or officer shall sign a conflict of interest statement.

Form 990, Page 6, Part VI, Line 19

These are available upon request.

Filing and Contact Details

Filer

Filer Name
Black Brand
EIN
81-3953180
Phone
7577191241
Address
520 E MAIN STREET STE 4, NORFOLK, VA 23510

Signing Officer

Name
Blair Durham
Title
Executive Director
Phone
7577191241
Signed
2026-03-09

Organization Details

Principal Officer
Blair Durham
Formed
2016
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
7
Employees
7
Volunteers
57

Preparer

Firm
Barnes Brock Cornwell & Painter Plc
Address
908 EDEN WAY N STE 201, CHESAPEAKE, VA 23320-2640
Preparer
Kimberly C Painter CPA
Phone
7579615017
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

"brand" stands for business research analytics networking and development. Black brand is the black chamber of commerce for the hampton roads, va area, whose mission is to promote group economics through professional development and community empowerment. As the black chamber of commerce, organization's mission is to transform our local, regional, and national community through unity, education, access, opportunity, and development. During 2023 71% of participants were women-owned businesses, 40% of program participants resided in low or moderate income zip codes, and 20% of program participants were military affiliated.

Form 990, Page 2, Part III, Line 4A

In 2023, b-force accelerator nurtured 140 businesses, many of whom are providing critical service in hampton roads every day. In addition to the technical assistance provided, business owners benefited in the following important ways: 1. B-force accelerator awarded 71,000 in funding to 20 program participants. 2. 65 b-force participants reported having accessed a total of 1,650,794 in capital. 3. B-force accelerator expanded its service area to accept businesses across the hampton roads region, and partnered with the city of portsmouth economic development to ensure that all portsmouth cohort program graduates would qualify to receive its 2000 and/or 5000 grant. 4. Black brand curated a popup event for each of its five cohorts whereby the community could come out, learn about and shop with local merchants. 5. Black brand organized a successful cash mob event for one deserving business during each cohort where the entire cohort committed to coming out, bringing a friend, and spending at least 20. 6. Black brand provided collaboration opportunities for participants which turned into a number of successful collaborations and joint ventures. 7. Black brand worked one on one with businesses not only to prepare them but to curate capital opportunities for them based on their unique profiles, resulting in a number of businesses receiving their first ever capital opportunities in the form of grants, business credit cards, lines of credit, and pitch contest winnings from across the region. Women who lead is a 12-week professional development accelerator that helps minority women (prioritizing lmi candidates) improve their leadership skills, access traditionally male-dominated industries, and gain certifications to obtain higher paying wages or access to contract opportunities. In partnership with nsu, participants are exposed to 58 subject-matter experts. 75% of participants matriculated into wwl society for ongoing professional development. 15% of participants increased their pay during or after the 12-week cohort. 20% of cohort members took classes to obtain certification. 30% of participants obtained community-based leadership positions. 10% of participants matriculated into other personal or professional development programs. Black diamond weekend 2023 expanded its offering to create a free track called 757 bias which included an opportunity fair and affirmative action town hall, introducing participants to the invaluable resources that exist across the hampton roads region. In addition to four other value-packed tracks, participants were given the opportunity to earn ceus through tcc for the courses taken. The 8th annual black diamond affair awarded key leaders in the following categories: excellence in innovation: michelle wren- portsmouth partnership lifetime achievement in business: dr. Keith newby - fort norfolk medical plaza community impact: truist entrepreneur of the year: diamond gorman- rea-d employment agency, llc excellence in nonprofit leadership: anthony walters - ymca excellence in business leadership - nneka chiazor- cox communications excellence in health equity- dana beckton - sentara health excellence in public relations- kelli webb- kbd group llc excellence in entertainment- tony brothers- brothers restaurant bdw 2023 featured 70+ hours of content, 75 speakers across 3 days, 451 participants, 1 grant given to black health-industry business, and 9 community black diamond awards.

Form 990, Part IX, Line 11G

Consultants 255,257 0 0 less fees paid to bod -32,810 0 0 less fees paid to bod -450 0 0 total 221,997 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

Black brand is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. Internal revenue code section 513(a) defines an unrelated trade or business of an unexempt organization as any trade or business which is not substantially related to the exercise or performance of its exempt purpose. Currently the organization has no obligation for any unrelated business income tax. Black brand believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements; however, any penalties and interest incurred as a result of uncertain tax positions would be recorded in general administration.

Schedule D, Page 4, Part XIII

The organization's federal return of organization exempt from income tax (form 990) for the years ending 2024, 2023, 2022, and 2021 are subject to examination by the irs, generally for three years after they were filed.

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IRS990/ActivityOrMissionDesc0"BRAND" STANDS FOR BUSINESS RESEARCH ANALYTICS NETWORKING AND DEVELOPMENT. BLACK BRAND IS THE BLACK CHAMBER OF COMMERCE FOR THE HAMPTON ROADS, VA AREA, WHOSE MISSION IS TO PROMOTE GROUP ECONOMICS THROUGH PROFESSIONAL DEVELOPMENT AND COMMUNITY EMPOWERMENT. AS THE BLACK CHAMBER OF COMMERCE, ORGANIZATION'S MISSION IS TO TRANSFORM OUR LOCAL, REGIONAL, AND NATIONAL COMMUNITY THROUGH UNITY, EDUCATION, ACCESS, OPPORTUNITY, AND DEVELOPMENT. DURING 2023 71% OF PARTICIPANTS WERE WOMEN-OWNED BUSINESSES, 40% OF PROGRAM PARTICIPANTS RESIDED IN LOW OR MODERATE INCOME ZIP CODES, AND 20% OF PROGRAM PARTICIPANTS WERE MILITARY AFFILIATED.
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IRS990/Desc0IN 2023, B-FORCE ACCELERATOR NURTURED 140 BUSINESSES, MANY OF WHOM ARE PROVIDING CRITICAL SERVICE IN HAMPTON ROADS EVERY DAY. IN ADDITION TO THE TECHNICAL ASSISTANCE PROVIDED, BUSINESS OWNERS BENEFITED IN THE FOLLOWING IMPORTANT WAYS: 1. B-FORCE ACCELERATOR AWARDED 71,000 IN FUNDING TO 20 PROGRAM PARTICIPANTS. 2. 65 B-FORCE PARTICIPANTS REPORTED HAVING ACCESSED A TOTAL OF 1,650,794 IN CAPITAL. 3. B-FORCE ACCELERATOR EXPANDED ITS SERVICE AREA TO ACCEPT BUSINESSES ACROSS THE HAMPTON ROADS REGION, AND PARTNERED WITH THE CITY OF PORTSMOUTH ECONOMIC DEVELOPMENT TO ENSURE THAT ALL PORTSMOUTH COHORT PROGRAM GRADUATES WOULD QUALIFY TO RECEIVE ITS 2000 AND/OR 5000 GRANT. 4. BLACK BRAND CURATED A POPUP EVENT FOR EACH OF ITS FIVE COHORTS WHEREBY THE COMMUNITY COULD COME OUT, LEARN ABOUT AND SHOP WITH LOCAL MERCHANTS. 5. BLACK BRAND ORGANIZED A SUCCESSFUL CASH MOB EVENT FOR ONE DESERVING BUSINESS DURING EACH COHORT WHERE THE ENTIRE COHORT COMMITTED TO COMING OUT, BRINGING A FRIEND, AND SPENDING AT LEAST 20. 6. BLACK BRAND PROVIDED COLLABORATION OPPORTUNITIES FOR PARTICIPANTS WHICH TURNED INTO A NUMBER OF SUCCESSFUL COLLABORATIONS AND JOINT VENTURES. 7. BLACK BRAND WORKED ONE ON ONE WITH BUSINESSES NOT ONLY TO PREPARE THEM BUT TO CURATE CAPITAL OPPORTUNITIES FOR THEM BASED ON THEIR UNIQUE PROFILES, RESULTING IN A NUMBER OF BUSINESSES RECEIVING THEIR FIRST EVER CAPITAL OPPORTUNITIES IN THE FORM OF GRANTS, BUSINESS CREDIT CARDS, LINES OF CREDIT, AND PITCH CONTEST WINNINGS FROM ACROSS THE REGION. WOMEN WHO LEAD IS A 12-WEEK PROFESSIONAL DEVELOPMENT ACCELERATOR THAT HELPS MINORITY WOMEN (PRIORITIZING LMI CANDIDATES) IMPROVE THEIR LEADERSHIP SKILLS, ACCESS TRADITIONALLY MALE-DOMINATED INDUSTRIES, AND GAIN CERTIFICATIONS TO OBTAIN HIGHER PAYING WAGES OR ACCESS TO CONTRACT OPPORTUNITIES. IN PARTNERSHIP WITH NSU, PARTICIPANTS ARE EXPOSED TO 58 SUBJECT-MATTER EXPERTS. 75% OF PARTICIPANTS MATRICULATED INTO WWL SOCIETY FOR ONGOING PROFESSIONAL DEVELOPMENT. 15% OF PARTICIPANTS INCREASED THEIR PAY DURING OR AFTER THE 12-WEEK COHORT. 20% OF COHORT MEMBERS TOOK CLASSES TO OBTAIN CERTIFICATION. 30% OF PARTICIPANTS OBTAINED COMMUNITY-BASED LEADERSHIP POSITIONS. 10% OF PARTICIPANTS MATRICULATED INTO OTHER PERSONAL OR PROFESSIONAL DEVELOPMENT PROGRAMS. BLACK DIAMOND WEEKEND 2023 EXPANDED ITS OFFERING TO CREATE A FREE TRACK CALLED 757 BIAS WHICH INCLUDED AN OPPORTUNITY FAIR AND AFFIRMATIVE ACTION TOWN HALL, INTRODUCING PARTICIPANTS TO THE INVALUABLE RESOURCES THAT EXIST ACROSS THE HAMPTON ROADS REGION. IN ADDITION TO FOUR OTHER VALUE-PACKED TRACKS, PARTICIPANTS WERE GIVEN THE OPPORTUNITY TO EARN CEUS THROUGH TCC FOR THE COURSES TAKEN. THE 8TH ANNUAL BLACK DIAMOND AFFAIR AWARDED KEY LEADERS IN THE FOLLOWING CATEGORIES: EXCELLENCE IN INNOVATION: MICHELLE WREN- PORTSMOUTH PARTNERSHIP LIFETIME ACHIEVEMENT IN BUSINESS: DR. KEITH NEWBY - FORT NORFOLK MEDICAL PLAZA COMMUNITY IMPACT: TRUIST ENTREPRENEUR OF THE YEAR: DIAMOND GORMAN- REA-D EMPLOYMENT AGENCY, LLC EXCELLENCE IN NONPROFIT LEADERSHIP: ANTHONY WALTERS - YMCA EXCELLENCE IN BUSINESS LEADERSHIP - NNEKA CHIAZOR- COX COMMUNICATIONS EXCELLENCE IN HEALTH EQUITY- DANA BECKTON - SENTARA HEALTH EXCELLENCE IN PUBLIC RELATIONS- KELLI WEBB- KBD GROUP LLC EXCELLENCE IN ENTERTAINMENT- TONY BROTHERS- BROTHERS RESTAURANT BDW 2023 FEATURED 70+ HOURS OF CONTENT, 75 SPEAKERS ACROSS 3 DAYS, 451 PARTICIPANTS, 1 GRANT GIVEN TO BLACK HEALTH-INDUSTRY BUSINESS, AND 9 COMMUNITY BLACK DIAMOND AWARDS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BLACK BRAND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN UNEXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CURRENTLY THE ORGANIZATION HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. BLACK BRAND BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS; HOWEVER, ANY PENALTIES AND INTEREST INCURRED AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD BE RECORDED IN GENERAL ADMINISTRATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR THE YEARS ENDING 2024, 2023, 2022, AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0"BRAND" STANDS FOR BUSINESS RESEARCH ANALYTICS NETWORKING AND DEVELOPMENT. BLACK BRAND IS THE BLACK CHAMBER OF COMMERCE FOR THE HAMPTON ROADS, VA AREA, WHOSE MISSION IS TO PROMOTE GROUP ECONOMICS THROUGH PROFESSIONAL DEVELOPMENT AND COMMUNITY EMPOWERMENT. AS THE BLACK CHAMBER OF COMMERCE, ORGANIZATION'S MISSION IS TO TRANSFORM OUR LOCAL, REGIONAL, AND NATIONAL COMMUNITY THROUGH UNITY, EDUCATION, ACCESS, OPPORTUNITY, AND DEVELOPMENT. DURING 2023 71% OF PARTICIPANTS WERE WOMEN-OWNED BUSINESSES, 40% OF PROGRAM PARTICIPANTS RESIDED IN LOW OR MODERATE INCOME ZIP CODES, AND 20% OF PROGRAM PARTICIPANTS WERE MILITARY AFFILIATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN 2023, B-FORCE ACCELERATOR NURTURED 140 BUSINESSES, MANY OF WHOM ARE PROVIDING CRITICAL SERVICE IN HAMPTON ROADS EVERY DAY. IN ADDITION TO THE TECHNICAL ASSISTANCE PROVIDED, BUSINESS OWNERS BENEFITED IN THE FOLLOWING IMPORTANT WAYS: 1. B-FORCE ACCELERATOR AWARDED 71,000 IN FUNDING TO 20 PROGRAM PARTICIPANTS. 2. 65 B-FORCE PARTICIPANTS REPORTED HAVING ACCESSED A TOTAL OF 1,650,794 IN CAPITAL. 3. B-FORCE ACCELERATOR EXPANDED ITS SERVICE AREA TO ACCEPT BUSINESSES ACROSS THE HAMPTON ROADS REGION, AND PARTNERED WITH THE CITY OF PORTSMOUTH ECONOMIC DEVELOPMENT TO ENSURE THAT ALL PORTSMOUTH COHORT PROGRAM GRADUATES WOULD QUALIFY TO RECEIVE ITS 2000 AND/OR 5000 GRANT. 4. BLACK BRAND CURATED A POPUP EVENT FOR EACH OF ITS FIVE COHORTS WHEREBY THE COMMUNITY COULD COME OUT, LEARN ABOUT AND SHOP WITH LOCAL MERCHANTS. 5. BLACK BRAND ORGANIZED A SUCCESSFUL CASH MOB EVENT FOR ONE DESERVING BUSINESS DURING EACH COHORT WHERE THE ENTIRE COHORT COMMITTED TO COMING OUT, BRINGING A FRIEND, AND SPENDING AT LEAST 20. 6. BLACK BRAND PROVIDED COLLABORATION OPPORTUNITIES FOR PARTICIPANTS WHICH TURNED INTO A NUMBER OF SUCCESSFUL COLLABORATIONS AND JOINT VENTURES. 7. BLACK BRAND WORKED ONE ON ONE WITH BUSINESSES NOT ONLY TO PREPARE THEM BUT TO CURATE CAPITAL OPPORTUNITIES FOR THEM BASED ON THEIR UNIQUE PROFILES, RESULTING IN A NUMBER OF BUSINESSES RECEIVING THEIR FIRST EVER CAPITAL OPPORTUNITIES IN THE FORM OF GRANTS, BUSINESS CREDIT CARDS, LINES OF CREDIT, AND PITCH CONTEST WINNINGS FROM ACROSS THE REGION. WOMEN WHO LEAD IS A 12-WEEK PROFESSIONAL DEVELOPMENT ACCELERATOR THAT HELPS MINORITY WOMEN (PRIORITIZING LMI CANDIDATES) IMPROVE THEIR LEADERSHIP SKILLS, ACCESS TRADITIONALLY MALE-DOMINATED INDUSTRIES, AND GAIN CERTIFICATIONS TO OBTAIN HIGHER PAYING WAGES OR ACCESS TO CONTRACT OPPORTUNITIES. IN PARTNERSHIP WITH NSU, PARTICIPANTS ARE EXPOSED TO 58 SUBJECT-MATTER EXPERTS. 75% OF PARTICIPANTS MATRICULATED INTO WWL SOCIETY FOR ONGOING PROFESSIONAL DEVELOPMENT. 15% OF PARTICIPANTS INCREASED THEIR PAY DURING OR AFTER THE 12-WEEK COHORT. 20% OF COHORT MEMBERS TOOK CLASSES TO OBTAIN CERTIFICATION. 30% OF PARTICIPANTS OBTAINED COMMUNITY-BASED LEADERSHIP POSITIONS. 10% OF PARTICIPANTS MATRICULATED INTO OTHER PERSONAL OR PROFESSIONAL DEVELOPMENT PROGRAMS. BLACK DIAMOND WEEKEND 2023 EXPANDED ITS OFFERING TO CREATE A FREE TRACK CALLED 757 BIAS WHICH INCLUDED AN OPPORTUNITY FAIR AND AFFIRMATIVE ACTION TOWN HALL, INTRODUCING PARTICIPANTS TO THE INVALUABLE RESOURCES THAT EXIST ACROSS THE HAMPTON ROADS REGION. IN ADDITION TO FOUR OTHER VALUE-PACKED TRACKS, PARTICIPANTS WERE GIVEN THE OPPORTUNITY TO EARN CEUS THROUGH TCC FOR THE COURSES TAKEN. THE 8TH ANNUAL BLACK DIAMOND AFFAIR AWARDED KEY LEADERS IN THE FOLLOWING CATEGORIES: EXCELLENCE IN INNOVATION: MICHELLE WREN- PORTSMOUTH PARTNERSHIP LIFETIME ACHIEVEMENT IN BUSINESS: DR. KEITH NEWBY - FORT NORFOLK MEDICAL PLAZA COMMUNITY IMPACT: TRUIST ENTREPRENEUR OF THE YEAR: DIAMOND GORMAN- REA-D EMPLOYMENT AGENCY, LLC EXCELLENCE IN NONPROFIT LEADERSHIP: ANTHONY WALTERS - YMCA EXCELLENCE IN BUSINESS LEADERSHIP - NNEKA CHIAZOR- COX COMMUNICATIONS EXCELLENCE IN HEALTH EQUITY- DANA BECKTON - SENTARA HEALTH EXCELLENCE IN PUBLIC RELATIONS- KELLI WEBB- KBD GROUP LLC EXCELLENCE IN ENTERTAINMENT- TONY BROTHERS- BROTHERS RESTAURANT BDW 2023 FEATURED 70+ HOURS OF CONTENT, 75 SPEAKERS ACROSS 3 DAYS, 451 PARTICIPANTS, 1 GRANT GIVEN TO BLACK HEALTH-INDUSTRY BUSINESS, AND 9 COMMUNITY BLACK DIAMOND AWARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE 990 IS SENT TO TO BOARD FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DIRECTOR OR OFFICER SHALL SIGN A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTANTS 255,257 0 0 LESS FEES PAID TO BOD -32,810 0 0 LESS FEES PAID TO BOD -450 0 0 TOTAL 221,997 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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