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Nonprofit · EIN 84-4858996

MULTI-ETHNIC BUSINESS ASSOCIATION

Tax-exempt · SPOKANE, WA 99202

Financials

$2.4M$2.2M2023$1.5M$843K2024
Revenue Expenses · by fiscal year end
Financials of MULTI-ETHNIC BUSINESS ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,486,668$843,269$643,399$1,012,406$86,313$926,093
December 31, 2023990$2,362,298$2,209,266$153,032$304,887$22,193$282,694
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,485,991
of which government grants
$974,676
Program service revenue
$0
Investment income
$177
Net rental income
$500
Other revenue
$500

Expenses

Grants and similar amounts paid
$141,479
Compensation of officers, directors and key employees
$191,962
Other salaries and wages
$161,445
Salaries, compensation and benefits (total)
$411,884
Professional fundraising fees
$0
Legal fees
$36,989
Accounting fees
$1,871
Occupancy
$43,652
Travel
$10,595
Depreciation
$24,585
Program services (functional)
$792,886
Management and general (functional)
$50,383

Balance sheet and other

Total assets, start of year
$304,887
Total assets, end of year
$1,012,406
Total liabilities, end of year
$86,313
Net assets, end of year
$926,093
Land, buildings and equipment
$619,321
Net assets without donor restrictions
$926,093
Gross receipts
$1,486,668
Employees
10
Volunteers
10
Year formed
2020
State of legal domicile
WA

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.

NameTitleHours / weekCompensation
Marvin ReguindinExecutive Director40$95,981
Sanya AlaDirector of Gov Affairs40$95,981
Francis AdewalePresident
Trustee or director
2$0
Kerra BowerDirector
Trustee or director
0.5$0
Ronny OliverDirector
Trustee or director
0.5$0
Robin KellyTreasurer
Trustee or director
0.5$0
Devika GatesSecretary
Trustee or director
0.5$0
Raymond ReyesDirector
Trustee or director
0.5$0
Michael SpencerVice President
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
Marvin ReguindinExecutive Director30$90,000
Sanya AlaDirector of Gov Affairs30$90,000
Sabino CabildoSubcontract Tehnical Advisor20$8,306
Yvonne Montoya ZamoraSecretary
Trustee or director
0.5$0
Francis AdewalePresident
Trustee or director
2$0
Jonie WynecoopeVice President
Trustee or director
0.5$0
Kerra BowerDirector
Trustee or director
0.5$0
Ronny OliverDirector
Trustee or director
0.5$0
Robin KellyTreasurer
Trustee or director
0.5$0
Devika GatesDirector
Trustee or director
0.5$0
Raymond ReyesDirector
Trustee or director
0.5$0
Michael SpencerDirector
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
327 E PACIFIC AVE, SPOKANE, WA 99202-1432
Signed the 990
Francis Adewale, President
Phone
(509) 838-1881
Return prepared by
Jasmin Group LLC

Mission

Our mission is to educate, advocate, and support multi-ethnic businesses in Eastern Washington.

990 for the year ended December 31, 2024

Program accomplishments

  • Educational Information and Resources to the Multi-Ethnic Businesses in Spokane.
    Expenses $792,886

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-4858996
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,012,406
Income (IRS master file)
$1,486,668

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,486,668$843,269$1,012,406XML
990December 2023$2,362,298$2,209,266$304,887XML
990December 2022$311,336$267,710$145,783IRS
990December 2021$234,302$210,637$92,744IRS
990-EZDecember 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 84-4858996).

Questions about MULTI-ETHNIC BUSINESS ASSOCIATION

What is the EIN of MULTI-ETHNIC BUSINESS ASSOCIATION?
The employer identification number (EIN) of MULTI-ETHNIC BUSINESS ASSOCIATION is 84-4858996.
Is MULTI-ETHNIC BUSINESS ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MULTI-ETHNIC BUSINESS ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MULTI-ETHNIC BUSINESS ASSOCIATION 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 MULTI-ETHNIC BUSINESS ASSOCIATION 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 MULTI-ETHNIC BUSINESS ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of MULTI-ETHNIC BUSINESS ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $95,981 (Marvin Reguindin, Executive Director).
How much revenue does MULTI-ETHNIC BUSINESS ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,486,668, expenses of $843,269 and total assets of $1,012,406 at year end.

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