Nonprofit · EIN 59-3001127
NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION
Tax-exempt · TALLAHASSEE, FL 32302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $206,171 | $229,140 | -$22,969 | $4,273,101 | $1,790,101 | $2,483,000 |
| December 31, 2023 | 990 | $193,312 | $208,115 | -$14,803 | $4,258,770 | $1,752,801 | $2,505,969 |
| December 31, 2022 | 990 | $166,582 | $125,294 | $41,288 | $4,363,074 | $1,842,302 | $2,520,772 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $206,171
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $56,350
- Salaries, compensation and benefits (total)
- $56,350
- Professional fundraising fees
- $0
- Legal fees
- $7,710
- Accounting fees
- $13,222
- Occupancy
- $6,179
- Travel
- $339
- Program services (functional)
- $175,792
- Management and general (functional)
- $53,348
Balance sheet and other
- Total assets, start of year
- $4,258,770
- Total assets, end of year
- $4,273,101
- Total liabilities, end of year
- $1,790,101
- Net assets, end of year
- $2,483,000
- Net assets without donor restrictions
- $2,483,000
- Gross receipts
- $206,171
- Employees
- 0
- Year formed
- 1991
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERWOOD BROWN SR | EXECUTIVE DI Officer | 40 | $56,350 |
| RONNIE ADAMS | CHAIRMAN Trustee or director, Officer | – | $0 |
| THOMAS KEITH BOWERS | VICE CHAIR Trustee or director, Officer | – | $0 |
| HAROLD M KNOWLES | DIRECTOR Trustee or director | – | $0 |
| KEITHEN V MATHIS | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONNIE ADAMS | CHAIRMAN Trustee or director, Officer | – | $0 |
| THOMAS KEITH BOWERS | VICE CHAIR Trustee or director, Officer | – | $0 |
| HAROLD M KNOWLES | DIRECTOR Trustee or director | – | $0 |
| KEITHEN V MATHIS | TREASURER Trustee or director, Officer | – | $0 |
| SHERWOOD BROWN SR | EXECUTIVE DI Officer | – | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONNIE ADAMS | CHAIRMAN Trustee or director, Officer | – | $0 |
| THOMAS KEITH BOWERS | VICE CHAIR Trustee or director, Officer | – | $0 |
| HAROLD M KNOWLES | DIRECTOR Trustee or director | – | $0 |
| KEITHEN V MATHIS | TREASURER Trustee or director, Officer | – | $0 |
| SHERWOOD BROWN SR | EXECUTIVE DI Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10782, TALLAHASSEE, FL 32302-2782
- Principal officer (990 for 2024)
- SHERWOOD BROWN SR, 625 E TENNESSEE STREET SUITE 220-, TALLAHASSEE, FL 32301
- Signed the 990
- RONNIE ADAMS, CHAIRMAN
- Phone
- (850) 893-5100
- Return prepared by
- THOMSON BROCK LUGER & COMPANY
Mission
TO FACILITATE THE FINANCING OF PROJECTS UNDERTAKEN BY AFRICAN-AMERICANS.
Program accomplishments
- THIS ORGANIZATION FACILITATES THE FINANCING OF PROJECTS FOR THE DEVELOPMENT OF BUSINESSES OWNED AND OPERATED BY AFRICAN-AMERICANS. A CAPITAL FUND HAS BEEN CREATED TO PROVIDE LOANS TO DEVELOPING, MINORITY-OWNED BUSINESSES. CURRENTLY, THE ORGANIZATION HOLDS 46 SECURED AND UNSECURED NOTES TO AFRICAN-AMERICAN OWNED BUSINESSES.Expenses $175,792
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3001127
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,273,101
- Income (IRS master file)
- $206,171
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $206,171 | $229,140 | $4,273,101 | IRS |
| 990 | December 2023 | $193,312 | $208,115 | $4,258,770 | IRS |
| 990 | December 2022 | $166,582 | $125,294 | $4,363,074 | XML |
| 990 | December 2021 | $144,793 | $86,223 | $4,322,118 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 59-3001127).
Questions about NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION
- What is the EIN of NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION?
- The employer identification number (EIN) of NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION is 59-3001127.
- Is NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1993.
- Are donations to NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION 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 NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION 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 NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SHERWOOD BROWN SR.
- Who are the officers and directors of NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $56,350 (SHERWOOD BROWN SR, EXECUTIVE DI).
- How much revenue does NORTWEST FLORIDA BLACK BUSINESS INVESTMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $206,171, expenses of $229,140 and total assets of $4,273,101 at year end.
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