Nonprofit · EIN 47-2776498
NYC AFRICAN AMERICAN BUSINESS LEADERS FUND
Tax-exempt (reinstated) · NEW YORK, NY 10024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $0 | $0 | $0 | $19,930 | $0 | $19,930 |
| December 31, 2023 | 990-EZ | $0 | $0 | $0 | $19,930 | $0 | $19,930 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
Balance sheet and other
- Total assets, start of year
- $19,930
- Total assets, end of year
- $19,930
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,930
- Cash, savings and investments
- $19,930
- Gross receipts
- $0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN CHENAULT | DIRECTOR | 0.25 | $0 |
| DR AMELIA OGUNLESI | DIRECTOR | 0.25 | $0 |
| BENAREE PRATT WILEY | DIRECTOR | 0.25 | $0 |
| ROBYN COLES | SECRETARY | 0.25 | $0 |
| CAROL SUTTON LEWIS | PRESIDENT | 0.25 | $0 |
| KAREN C PHILLIPS | TREASURER | 0.25 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN CHENAULT | DIRECTOR | 0.25 | $0 |
| DR AMELIA OGUNLESI | DIRECTOR | 0.25 | $0 |
| BENAREE PRATT WILEY | DIRECTOR | 0.25 | $0 |
| ROBYN COLES | SECRETARY | 0.25 | $0 |
| CAROL SUTTON LEWIS | PRESIDENT | 0.25 | $0 |
| KAREN C PHILLIPS | TREASURER | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 105 WEST 86TH STREET APT 303, NEW YORK, NY 10024-3412
- In care of
- % KAREN PHILLIPS
- Signed the 990-EZ
- KAREN PHILLIPS, TREASURER
- Phone
- (347) 960-6611
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
THE NYC AFRICAN AMERICAN BUSINESS LEADERS FUND'S ("NYC AABLF") IS A CHARITABLE ORGANIZATION THAT IS COMMITTED TO PROMOTING EDUCATIONAL AND LIFE ENHANCING ACTIVITIES AND OPPORTUNITIES FOR THE NEXT GENERATION OF LEADERS. THE NYC AABLF AIMS TO FULFILL ITS MISSION BY SELECTING AND FUNDING ACTIVITIES IN A NUMBER OF AREAS, INCLUDING, BUT NOT LIMITED TO, ARTS AND CULTURE, EDUCATION, TECHNOLOGY AND FINANCIAL LITERACY.
Program accomplishments
- DURING 2024 NYCAABLF DID NOT HAVE ANY PROGRAM SERVICE ACCOMPLISHMENTS. THEY ARE NOT CEASING THEIR PROGRAMS AND EXPECT TO RESUME THEIR PROGRAMMATIC WORK SOON.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-2776498
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $19,930
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $0 | $0 | $19,930 | XML |
| 990-EZ | December 2023 | $0 | $0 | $19,930 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2776498).
Questions about NYC AFRICAN AMERICAN BUSINESS LEADERS FUND
- What is the EIN of NYC AFRICAN AMERICAN BUSINESS LEADERS FUND?
- The employer identification number (EIN) of NYC AFRICAN AMERICAN BUSINESS LEADERS FUND is 47-2776498.
- Is NYC AFRICAN AMERICAN BUSINESS LEADERS FUND tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to NYC AFRICAN AMERICAN BUSINESS LEADERS FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NYC AFRICAN AMERICAN BUSINESS LEADERS FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NYC AFRICAN AMERICAN BUSINESS LEADERS FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NYC AFRICAN AMERICAN BUSINESS LEADERS FUND last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of NYC AFRICAN AMERICAN BUSINESS LEADERS FUND?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does NYC AFRICAN AMERICAN BUSINESS LEADERS FUND have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $0, expenses of $0 and total assets of $19,930 at year end.
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