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Nonprofit · EIN 59-2861155

BBIF CAPITAL INC

Tax-exempt · ORLANDO, FL 32801

Financials

$7.8M$8.9M2023$7.6M$7.4M2024
Revenue Expenses · by fiscal year end
Financials of BBIF CAPITAL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$7,588,397$7,364,796$223,601$59,841,515$43,851,132$15,990,383
September 30, 2024990$7,834,761$8,896,516-$1,061,755$55,937,341$40,170,559$15,766,782
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$793,057
Program service revenue
$6,925,188
Investment income
-$129,848
Net gain from sales of assets
-$496,000
Other revenue
$0

Expenses

Grants and similar amounts paid
$138,000
Compensation of officers, directors and key employees
$1,267,060
Other salaries and wages
$1,900,591
Salaries, compensation and benefits (total)
$4,166,129
Professional fundraising fees
$0
Legal fees
$121,505
Accounting fees
$125,150
Occupancy
$459,506
Travel
$61,700
Depreciation
$121,506
Program services (functional)
$5,576,364
Management and general (functional)
$1,788,432

Balance sheet and other

Total assets, start of year
$55,937,341
Total assets, end of year
$59,841,515
Total liabilities, end of year
$43,851,132
Net assets, end of year
$15,990,383
Land, buildings and equipment
$2,140,060
Net assets without donor restrictions
$15,990,383
Gross receipts
$13,924,647
Employees
28
Volunteers
0
Year formed
1987
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
DUANE LEWISCHIEF OPERATING OFFICER
Officer, Highest-paid employee
32$0$317,575
ORAINE REEDCHIEF FINANCIAL OFFICER
Officer, Highest-paid employee
37$0$286,901
JASMINE GEBONCHIEF STRATEGY OFFICER
Officer, Highest-paid employee
37$0$213,207
INEZ LONGFORM CEO
Former
32$0$207,797
MYRLANDE SIMEONREGIONAL DIRECTOR SF
Highest-paid employee
40$0$136,817
CHARLES KOLLOINOVATION DIRECTOR
Highest-paid employee
40$0$129,793
TRAMALL ALSTONLENDING DIRECTOR
Highest-paid employee
40$0$128,314
DONNA DINGLECHIEF COMPLIANCE OFFICER
Highest-paid employee
40$0$118,095
RAYMOND GILLEYCHIEF EXECUTIVE OFFICER
Officer
37$0$11,458
JOYCE ODONGOCHAIRPERSON
Trustee or director
4$0$0
MARILYN DRAYTONVICE CHAIR
Trustee or director
2$0$0
GAVIN HAYDENTREASURER
Trustee or director
2$0$0
ESTHER MARSHALLSECRETARY
Trustee or director
2$0$0
GORDON KNOWLESDIRECTOR
Trustee or director
2$0$0
990 for the year ended September 30, 2024: 11 people
NameTitleHours / weekCompensation
INEZ LONGFORMER PRESIDENT/CEO
Officer, Highest-paid employee
38$451,106
DUANE LEWISCHIEF OPERATING OFFICER
Officer, Highest-paid employee
38$230,599
ORAINE REEDVP FINANCE
Officer, Highest-paid employee
40$203,726
JASMINE GEBONV.P. STRATEGIC INITIATIVES
Officer, Highest-paid employee
40$185,547
MYRLANDE SIMEONREGIONAL DIRECTOR
Highest-paid employee
40$128,265
DONNA DINGLEDIRECTOR OF COMPLIANCE
Highest-paid employee
40$116,042
JACQUELINE BARRCHAIRPERSON
Trustee or director
8$0
MARILYN DRAYTONVICE CHAIR
Trustee or director
6$0
SABRINA MARTINELLITREASURER
Trustee or director
6$0
JOYCE ODONGOSECRETARY
Trustee or director
6$0
ESTHER MARSHALLDIRECTOR
Trustee or director
6$0

Address and contacts

Address (IRS master file)
301 EAST PINE STREET, ORLANDO, FL 32801-2724
Principal officer (990 for 2024)
ORAINE S REID, 301 EAST PINE STREET, ORLAND, FL 32801
Signed the 990
ORAINE S REID, CHIEF FINANCIAL OFFICER
Phone
(407) 649-4780
Return prepared by
R Bright & Associates PA CPA

Mission

The mission is to develop and promote Black business enterprises through education, training, loans, investments, and other activities and aggressively promote an atmosphere conducive to their development.

990 for the year ended September 30, 2025

Program accomplishments

  • Committed to advancing small businesses and communities through capital, innovaton, and technical assistance, BBIF has grown into a broader driver of community development across the Southeast. The organization is investing in spaces, housing, and infrastructure that build long-term strength. In FY 2024-25, BBIF delivered 1,006 training sessions and 1,611 hours of technical assistance, provided $14.76 million in business loans bringing our historic portfolio to over $118.3 million, and leveraged $51 million in New Markets Tax Credit allocations to accelerate over $300 million in community investment, unlocking forward mobility for underinvested communities and the small businesses that anchor them.
    Expenses $5,576,364 · grants $138,000 · revenue $6,925,180

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
59-2861155
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1994
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$59,841,515
Income (IRS master file)
$13,924,647

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025–––IRS
990September 2024–––IRS
990September 2023$10,029,589$6,040,674$51,338,939IRS
990September 2022$5,545,494$4,296,233$34,553,467IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about BBIF CAPITAL INC

What is the EIN of BBIF CAPITAL INC?
The employer identification number (EIN) of BBIF CAPITAL INC is 59-2861155.
Is BBIF CAPITAL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1994.
Are donations to BBIF CAPITAL INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BBIF CAPITAL INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BBIF CAPITAL INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BBIF CAPITAL INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of BBIF CAPITAL INC?
The 990 for the year ended September 30, 2025 names ORAINE S REID.
Who are the officers and directors of BBIF CAPITAL INC?
The 990 for the year ended September 30, 2025 lists 14 people; 0 received compensation from the organization.
How much revenue does BBIF CAPITAL INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $7,588,397, expenses of $7,364,796 and total assets of $59,841,515 at year end.

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