Nonprofit · EIN 65-0159176
BLACK ECONOMIC DEVELOPMENT COALITION INC
Also known as TOOLS FOR CHANGE
Tax-exempt · MIAMI, FL 33142
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $811,665 | $982,100 | -$170,435 | $6,874,179 | $5,173,441 | $1,700,738 |
| December 31, 2023 | 990 | $923,114 | $1,062,639 | -$139,525 | $7,323,352 | $5,452,186 | $1,871,166 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $799,101
- of which government grants
- $788,149
- Program service revenue
- $0
- Investment income
- $12,564
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $39,028
- Other salaries and wages
- $273,475
- Salaries, compensation and benefits (total)
- $357,157
- Professional fundraising fees
- $0
- Legal fees
- $3,250
- Accounting fees
- $27,907
- Occupancy
- $24,000
- Depreciation
- $2,534
- Program services (functional)
- $936,842
- Management and general (functional)
- $45,258
Balance sheet and other
- Total assets, start of year
- $7,323,352
- Total assets, end of year
- $6,874,179
- Total liabilities, end of year
- $5,173,441
- Net assets, end of year
- $1,700,738
- Land, buildings and equipment
- $3,166
- Net assets without donor restrictions
- $1,697,759
- Net assets with donor restrictions
- $2,979
- Gross receipts
- $811,665
- Employees
- 7
- Volunteers
- 0
- Year formed
- 1989
- 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 |
|---|---|---|---|
| LEROY JONES | EXECUTIVE DIRECTORS Officer, Key employee | 22 | $39,028 |
| VERBERT C ANDERSON | PRESIDENT Trustee or director, Key employee | 2 | $0 |
| NICK DECIUS | SECRETARY Trustee or director, Key employee | 2 | $0 |
| BETTY GEORGE | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEROY JONES | EXECUTIVE DIRECTORS Officer, Key employee | 22 | $36,600 |
| VERBERT C ANDERSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| NICK DECIUS | SECRETARY Trustee or director, Officer | 2 | $0 |
| BETTY GEORGE | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5120 NW 24TH AVE, MIAMI, FL 33142-3624
- In care of
- % ELAINE BLACK
- Principal officer (990 for 2024)
- LEROY JONES, 5120 NW 24th AVENUE, MIAMI, FL 331423624
- Signed the 990
- LEROY JONES, EXECUTIVE DIRECTOR
- Phone
- (305) 200-5568
- Website
- tfcmiami.org
Mission
PROVIDE TECHNICAL ASSISTANCE AND LOANS TO SMALL BUSINESSES
Program accomplishments
- PROVIDE TECHNICAL ASSISTANCE AND LOANS TO SMALL BUSINESSESExpenses $936,842
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
- 65-0159176
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $6,874,179
- Income (IRS master file)
- $811,665
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $811,665 | $982,100 | $6,874,179 | XML |
| 990 | December 2023 | $923,114 | $1,062,639 | $7,323,352 | XML |
| 990 | December 2022 | $791,216 | $946,968 | $7,096,450 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 65-0159176).
Questions about BLACK ECONOMIC DEVELOPMENT COALITION INC
- What is the EIN of BLACK ECONOMIC DEVELOPMENT COALITION INC?
- The employer identification number (EIN) of BLACK ECONOMIC DEVELOPMENT COALITION INC is 65-0159176.
- Is BLACK ECONOMIC DEVELOPMENT COALITION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to BLACK ECONOMIC DEVELOPMENT COALITION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK ECONOMIC DEVELOPMENT COALITION 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 BLACK ECONOMIC DEVELOPMENT COALITION INC 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 BLACK ECONOMIC DEVELOPMENT COALITION INC 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 BLACK ECONOMIC DEVELOPMENT COALITION INC?
- The 990 for the year ended December 31, 2024 names LEROY JONES.
- Who are the officers and directors of BLACK ECONOMIC DEVELOPMENT COALITION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $39,028 (LEROY JONES, EXECUTIVE DIRECTORS).
- How much revenue does BLACK ECONOMIC DEVELOPMENT COALITION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $811,665, expenses of $982,100 and total assets of $6,874,179 at year end.
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All nonprofits in MIAMI · Florida · Community improvement and capacity building