Nonprofit · EIN 85-2659114
AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC
Tax-exempt · ORLANDO, FL 32801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,636,061 | $6,945,253 | -$1,309,192 | $15,113,990 | $4,977,677 | $10,136,313 |
| December 31, 2024 | 990 | $8,592,780 | $5,831,021 | $2,761,759 | $14,539,403 | $3,306,493 | $11,232,910 |
| December 31, 2023 | 990 | $9,148,814 | $7,663,902 | $1,484,912 | $12,206,534 | $3,735,383 | $8,471,151 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,798,069
- Program service revenue
- $546,278
- Investment income
- $115,951
- Other revenue
- $175,763
Expenses
- Grants and similar amounts paid
- $685,000
- Compensation of officers, directors and key employees
- $1,372,824
- Other salaries and wages
- $1,696,064
- Salaries, compensation and benefits (total)
- $3,068,888
- Professional fundraising fees
- $0
- Travel
- $188,463
- Depreciation
- $8,537
- Program services (functional)
- $5,721,600
- Management and general (functional)
- $822,233
- Fundraising (functional)
- $401,420
Balance sheet and other
- Total assets, start of year
- $14,539,403
- Total assets, end of year
- $15,113,990
- Total liabilities, end of year
- $4,977,677
- Net assets, end of year
- $10,136,313
- Land, buildings and equipment
- $24,814
- Net assets without donor restrictions
- $2,935,198
- Net assets with donor restrictions
- $7,201,115
- Gross receipts
- $5,636,061
- Employees
- 22
- Volunteers
- 0
- Year formed
- 2021
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lenwood V Long Sr | CEO/Admin Key employee | 1 | $342,000 |
| Amber Banks | President/Admin Key employee | 1 | $262,500 |
| Awamary Khan | CFO/Admin Key employee | 1 | $215,833 |
| Erica Lynn Mcpherson | SVP/ Economic development Key employee | 1 | $185,658 |
| Chavella Sangokoya | SVP / Programs & Strategic Key employee | 1 | $183,546 |
| Ryan Gremillion | VP/ Policy & Research Key employee | 1 | $183,287 |
| Donna Grambrell | Chair Trustee or director, Officer | 120 | $0 |
| Vandell Hampton Jr | Secretary Trustee or director, Officer | 120 | $0 |
| Watchen Bruce | Vice Chair Trustee or director, Officer | 120 | $0 |
| Marshall Crawfoard | Treasurer Trustee or director, Officer | 120 | $0 |
| Ron Brooks | Director Trustee or director | 120 | $0 |
| Hilda Kennedy | Director Trustee or director | 120 | $0 |
| Dr Gene Gelgelu | Director Trustee or director | 120 | $0 |
| Tate Hill | Director Trustee or director | 120 | $0 |
| Paul Jones | Director Trustee or director | 120 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Calvin Holmes | Member Emeritus Trustee or director | 120 | $0 |
| Victor Elmore | Member Emeritus Trustee or director | 120 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lenwood V Long Sr | CEO/Admin Key employee | 1 | $214,600 |
| Erica Lynn Mcpherson | SVP/ Economic development & Lending Key employee | 1 | $178,848 |
| Ryan Gremillion | VP/ Policy & Research Key employee | 1 | $170,625 |
| Chavella Sangokoya | SVP / Programs & Strategic Initiative Key employee | 1 | $169,607 |
| Donna Grambrell | Chair Trustee or director, Officer | 120 | $0 |
| Calvin Holmes | Member Emeritus Trustee or director, Officer | 120 | $0 |
| Victor Elmore | Member Emeritus Trustee or director, Officer | 120 | $0 |
| Vandell Hampton | Secretary Trustee or director, Officer | 120 | $0 |
| Watchen Bruce | Vice Chair Trustee or director | 120 | $0 |
| Marshall Crawfoard | Treasurer Trustee or director | 120 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lenwood V Long Sr | Key Employees Key employee | 1 | $290,000 |
| Amber Bond | Key Employees Key employee | 1 | $189,583 |
| Chavella Sangokoya | Key Employees Key employee | 1 | $168,372 |
| Ryan Gremillion | Key Employees Key employee | 1 | $157,500 |
| Donna Grambrell | Chair Trustee or director, Officer | 120 | $0 |
| Calvin Holmews | Vice -Chair Trustee or director, Officer | 120 | $0 |
| Victor Elmore | Treasurer Trustee or director, Officer | 120 | $0 |
| Vandell Hampton | Secretary Trustee or director, Officer | 120 | $0 |
| Watchen Bruce | Director Trustee or director | 120 | $0 |
| Marshall Crawfoard | Director Trustee or director | 120 | $0 |
Address and contacts
- Address (IRS master file)
- 301 E PINE ST STE 175, ORLANDO, FL 32801-2735
- Mailing address (990-N for 2020)
- 301 EAST PINE STREET, ORLANDO FL 32801
- Principal officer (990 for 2025)
- Amber Banks, 301 E Pine Street Suite 175, Orlando, FL 32801
- Principal officer (990-N for 2020)
- INEZ LONG, 301 EAST PINE STREET SUITE 175, ORLANDO FL 32801
- Signed the 990
- Amber Banks, President
- Phone
- (954) 483-7570
- Return prepared by
- McConnell & Jones LLP
Mission
The Alliance serves Black -led CDFI Nationwide. Founded in 2018, The Alliance has grown with 56 Black -led Community Development Financial institutions (CDFIs) committed to the support and growth of Black Communities and the Black executives leading CDFIs that serve those community
Program accomplishments
- The Programs & Strategic Initiatives (PS&I) Program designs and manages the delivery of learning, capacity-building, and strategic initiatives that strengthen the operational, financial, and leadership capacity of Black-led CDFIs within the Alliance network. Through cohort-based programs, educational webinars, technical assistance, peer learning opportunities, and strategic partnerships, PS&I equips members with the tools and resources needed to increase impact in the communities they serve. The department's portfolio includes initiatives focused on certification readiness & preparedness, capital access, housing, technology infrastructure, and leadership development. While individual programs evolve in response to member needs and field conditions, the overarching goal of PS&I is to build the capacity, connectivity, and sustainability of Black-led CDFIs so they can more effectively drive economic opportunity and wealth creation in the communities they serve. This work builds on the Alliance's broader mission to strengthen member capacity, expand access to capital, and advance equitable economic development in Black communities.Expenses $2,438,321
- The Economic Development and Lending Program works in fulfillment of one of the three mission pillars of the Alliance. They are responsible for the development and execution of comprehensive economic development strategies to elevate the impact of the organization as well as the member organizations it supports. They oversee the Black Renaissance Fund's lending programs and the Environment and Climate department, ensuring alignment with organizational goals and work to maximize its impact while ensuring its financial and environmental sustainabilityExpenses $1,404,678
- The Membership Services Program strengthens and equips community development financial institutions (CDFIs) with the tools, insights, and direct support they need to thrive. Through targeted technical assistance and peer learning, our Learning & Capacity Building Programming strengthens the operational, strategic, and financial resilience of our members - unlocking greater capital access for the communities they serve. This work supports The Alliance's broader mission to build capacity, bridges, and power, ensuring that members are positioned to expand their impact within the communities they serve.Expenses $846,100
- The Policy & Research Program supports the Alliance's mission by providing policy analysis, research, strategic advocacy, and data collection on issues affecting Black-led CDFIs and the communities they serve. Core activities include monitoring legislative and regulatory developments, producing policy memos, public comments, testimony, and related materials, and engaging with federal agencies, policymakers, and strategic partners. The department also develops and administers the Alliance's annual member survey and related research tools to collect data on member activities, needs, and impact, which helps inform the Alliance's policy positions, program planning, external reporting, and efforts to advance equitable access to capital, housing, and economic opportunity. The Black Renaissance Fund was created to help close the 6:1 asset gap between Black-led CDFIs and their counterparts. To achieve this, the fund has set a goal to raise $125 million in low-cost, patient debt and unrestricted grant capital for reinvestments to Alliance members, and operating support for the Alliance as an organization. In 2022, the Alliance began its efforts to operationalize BRF and secure capital. The first investments into the fund included a $200 thousand PRI from the Adrian Dominican Sisters, a $3 million PRI from Bank of America, followed by a $5 million grant from the Rockefeller Foundation for capital deployment and credit enhancements. During 2025, BRF received $1.5 million in added debt for capital deployment.In December of 2024, BRF deployed its first loan with $7.1 million of loans receivable as of December 2025. In addition to loans, the Alliance provided $500 thousand in grants to help build capacity and support operational needs for those CDFI members most in need. BRF is fully operational and has set up credit and collection policies, underwriting templates, a board approved credit committee, a fully functioning loan tracking and servicing platform, and a framework for capturing impactExpenses $1,032,501
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 | 990 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
- 85-2659114
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S01)
- Assets (IRS master file)
- $15,113,990
- Income (IRS master file)
- $5,636,061
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,636,061 | $6,945,253 | $15,113,990 | XML |
| 990 | December 2024 | $8,592,780 | $5,831,021 | $14,539,403 | XML |
| 990 | December 2023 | $9,148,814 | $7,663,902 | $12,206,534 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: INEZ LONG | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-2659114).
Questions about AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC
- What is the EIN of AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC?
- The employer identification number (EIN) of AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC is 85-2659114.
- Is AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFRICAN AMERICAN ALLIANCE OF CDFI CEOS 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 AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC?
- The 990 for the year ended December 31, 2025 names Amber Banks.
- Who are the officers and directors of AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 6 received compensation from the organization, the highest $342,000 (Lenwood V Long Sr, CEO/Admin).
- How much revenue does AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,636,061, expenses of $6,945,253 and total assets of $15,113,990 at year end.
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