2025-11-14T20:45:29-07:00 2024-12-31 990 2024-01-01 650159176 BLACK ECONOMIC DEVELOPMENT COALITION INC BLAC 3052005568 5120 NW 24th AVENUE MIAMI FL 33142 LEROY JONES EXECUTIVE DIRECTOR 3052005568 2025-11-12 1 2024 2025-03-06 01:10:19Z TOOLS FOR CHANGE LEROY JONES 5120 NW 24th AVENUE MIAMI FL 331423624 811665 0 X tfcmiami.org X 1989 FL 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 3 3 7 0 0 0 891574 799101 0 0 26170 12564 5370 0 923114 811665 0 0 0 0 339908 357157 0 0 0 722731 624943 1062639 982100 -139525 -170435 7323352 6874179 5452186 5173441 1871166 1700738 PROVIDE TECHNICAL ASSISTANCE AND LOANS TO SMALL BUSINESSES 0 0 936842 0 0 PROVIDE TECHNICAL ASSISTANCE AND LOANS TO SMALL BUSINESSES 0 0 0 936842 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 77 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 3 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LEROY JONES 3052005568 5120 NW 24th AVENUE MIAMI FL 33142 LEROY JONES EXECUTIVE DIRECTORS 22 0 X X 39028 0 0 VERBERT C ANDERSON PRESIDENT 2 0 X X 0 0 0 NICK DECIUS SECRETARY 2 0 X X 0 0 0 BETTY GEORGE TREASURER 2 0 X X 0 0 0 39028 0 0 1 0 0 0 0 0 0 0 0 788149 10952 0 799101 0 12564 12564 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 811665 12564 0 0 39028 39028 273475 273475 19597 19597 25057 22077 2980 3250 3250 27907 27907 40193 40193 24000 24000 2534 2534 11059 11059 PROGRAM SERVICES EXPENSES 395000 395000 0 0 BAD DEBT EXPENSE 121000 121000 0 0 982100 936842 45258 0 34251 13767 524024 528153 6759377 6329093 16236 13070 5700 3166 7323352 6874179 91263 128881 181512 156512 5179411 4888048 5452186 5173441 X 1868187 1697759 2979 2979 1871166 1700738 7323352 6874179 -170435 0 0 0 7 0 X 0 1 X 1 1 1 X 3319840 1370254 752830 923114 788149 7154187 3319840 1370254 752830 923114 788149 7154187 7154187 7925 4194 30614 26142 12564 81439 136494 0 0 136494 7372120 0.97044 0.96839 X Schedule A, Part II, Line 10 THIS YEAR THER WAS NO OTHER INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 16236 0 13070 3166 0 0 0 0 3166 77 OTHER LONG-TERM LIABILITY 4726568 LOANS DUE TO CLIENTS 161403 4888048 X 811665 0 0 0 0 0 811665 0 0 0 811665 982100 0 0 0 0 0 982100 0 0 0 982100 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. 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. TOOLS FOR MAGIC 5120 NW 24th AVENUE MIAMI FL 33142 NEW MARKET TAX CREDITS FL BLACK ECONOMIC DEVELOPMENT COALITION INC C 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WE FILED AN EXTENSION, WHICH WAS ACCEPTED BY THE IRS