Nonprofit · EIN 59-2849317
TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC
Tax-exempt · TAMPA, FL 33610
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $74,377 | $41,070 | $33,307 | $745,660 | $54,315 | $691,345 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $74,347
- Investment income
- $30
- Tax-exempt bond proceeds
- $30
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,352
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $11,352
- Management and general (functional)
- $29,718
Balance sheet and other
- Total assets, start of year
- $708,475
- Total assets, end of year
- $745,660
- Total liabilities, end of year
- $54,315
- Net assets, end of year
- $691,345
- Land, buildings and equipment
- $34,608
- Net assets without donor restrictions
- $691,345
- Gross receipts
- $74,377
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1997
- State of legal domicile
- FL
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 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT LEE | PRESIDENT Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1920 E HILLSBOUROUGH AVE, TAMPA, FL 33610-8200
- Mailing address (990-N for 2023)
- 1920 E Hillsbourough Ave, Tampa FL 33610
- Principal officer (990 for 2023)
- ALBERT LEE, 1920 E HILLSBOROUGH 2ND FLOOR, TAMPA, FL 33610
- Principal officer (990-N for 2023)
- Albert Lee, 1920 E Hillsbourough Ave, Tampa FL 33610
- Signed the 990
- ALBERT LEE, PRESIDENT
- Phone
- (813) 425-4023
- Website
- WWW.TAMPABC.Com
- Return prepared by
- TAXGEEKS365
Mission
PROVIDING FINANCIAL ASSISTANCE IN THE FORM OF LOANS OR GUARANTEES TO NEW AND DEVELOPING MINORITY OWNED BUSINESSES
Program accomplishments
- PROVIDES LOAN GARANTEES OVER 500000 TO POTENTIAL AND CURRENT MINORITY BUSINESS
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | Not on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-N on file |
IRS record
- EIN
- 59-2849317
- 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
- 1991
- Accounting year ends
- September
- Files
- Form 990-N (e-Postcard)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2023 Officer: Albert Lee | September 30, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $74,377 | $41,070 | $745,660 | XML |
| 990-N for 2021 Officer: Albert Lee | September 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 59-2849317).
Questions about TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC
- What is the EIN of TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC?
- The employer identification number (EIN) of TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC is 59-2849317.
- Is TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2023 for the year ended September 30, 2024.
- Who is the principal officer of TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC?
- The 990 for the year ended December 31, 2023 names ALBERT LEE.
- Who are the officers and directors of TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC?
- The 990 for the year ended December 31, 2023 lists 1 person; 0 received compensation from the organization.
- How much revenue does TAMPA BAY BLACK BUSINESS INITIATIVE FUND INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $74,377, expenses of $41,070 and total assets of $745,660 at year end.
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