2024-11-26T04:23:45-00:00 2023-06-30 621430056 Management Advisory Services 3335 Oakleaf Dr Olive Branch MS 386547787 990 2022-07-01 621008876 Black Business Association of Memphis TN BLAC 9016369300 480 Dr Martin L King Jr Ave Memphis TN 38126 Alan A Gumbel Chief Operating Officer 9016369300 2024-11-26 true Charles H Whitsy Jr P01057889 6623420096 2024-11-26 X 2022 2024-10-15 13:58:12Z Alan A Gumbel 480 Dr Martin L King Jr Ave Memphis TN 38126 1051125 false X www.bbamemphis.com X 1974 TN The BBA of Memphis is a 501 c6 organization established to serve as an advocacy organization that provides continuous support to the Minority and Women owned businesses in the Memphis, TN region. 3 3 3 0 551083 1050040 0 7 1085 0 551090 1051125 0 0 264451 403549 0 0 49668 90508 314119 494057 236971 557068 644140 1269376 168000 216169 476140 1053207 X The Organizations mission is to improve the economic well being and quality of life of all stakeholders in the Memphis region by developing successful entrepreneurs through adovocacy, education and business development. false false 468346 1051125 See Schedule O for Program Accomplishments for the fiscal year ended June 30, 2023 468346 false true false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 3 true false false false false true true false false false false false false false 3 3 false false false false true true true true true false false false false false false false false true true false X Alan A Gumbel Chief Operating Offic 9016369300 480 Dr Martin L King Jr Ave Memphis TN 38126 X Ernest Strickland President/CEO 040.00 X 149992 0 0 Alan A Gumbel Chief Operating Officer 040.00 X 58546 0 0 Mark Yates Chairman 001.00 X X 0 0 0 Carlee McCullough Esq Treasurer 001.00 X X 0 0 0 Michael A Hooks Jr Secretary 001.00 X X 0 0 0 208538 1 false false false 1050000 40 1050040 1085 1085 1051125 1085 0 0 0 0 208538 208538 0 136927 136927 0 31524 31524 26560 26560 0 0 6795 6795 0 0 0 20918 20918 12662 3563 9099 0 0 5291 5291 6221 6221 0 4296 4296 3165 3165 0 1361 1361 2789 2789 Sponsorships 2000 2000 Contract Services 22150 22150 Payroll Processing Fees 2860 2860 0 494057 468346 25711 612334 1263931 25000 68651 63206 6806 5445 644140 1269376 9977 168000 206192 168000 216169 X 456140 1053207 20000 476140 1053207 644140 1269376 X 557068 19999 X true X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 68651 63206 5445 5445 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Restricted Deposit-NIKE Loan Fund SBA-EIDL 30 Yr Loan 148000 Due To Related Organization Black Business Foundation 58192 206192 true false false false Form 990, Part III, Line 4a The Black Business Association of Memphis BBA is a 501c6 business organization incorporated in 1978 in Memphis Tennessee. BBA serves as a leader 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 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. In the fiscal year, which ended June 30, 2023, BBA team focused on building strong organizational systems, processes and programs in order to support the new vision of the BBA board and leadership. Form 990, Part VII, Section A, Line 6,7 8 The Black Business Association of Memphis BBA is governed by our Board of Directors, a non-compensated, volunteer Board. BBA President, employees and temporary interns are accountable to the Board of Direcotrs, We are also accountable to our funding sources. We provide quarterly, bi-annual and annual reports to our Funders. The BBA 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. Form 990, Part XI, Line 8 Prior Period Adjustment is the elimination of f the Nike Loan of 20,000 that was originally booked and carried as a restricted deposit and Liability. Form 990, Part XI, Line 9 -1 Rounding requirement represents Other Changes