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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-3251362

BLACK BUSINESS COUNCIL

Also known as BBC

Tax-exempt · KENSINGTON, MD 20895

Financials

$40K$33K2025
Revenue Expenses · by fiscal year end
Financials of BLACK BUSINESS COUNCIL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$40,228$32,910$7,318$21,317$1,500$19,817
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$30,971
Program service revenue
$43,698
Net income from fundraising events
-$37,291
Other revenue
$2,850

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$14,536
Printing, publications and postage
$159
Other expenses
$18,215
Program services (functional)
$88,160

Balance sheet and other

Total assets, start of year
$16,499
Total assets, end of year
$21,317
Total liabilities, end of year
$1,500
Net assets, end of year
$19,817
Cash, savings and investments
$3,621
Gross receipts
$97,674

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Bryan ParchmentPresident20$0
Drena ValentineTreasurer5$0
Stacey BrownSecretary5$0

Address and contacts

Address (IRS master file)
PO BOX 194, KENSINGTON, MD 20895-0194
Mailing address (990-N for 2025)
PO Box 194, Kensington MD 20895
Principal officer (990-N for 2025)
Bryan Parchment, 9515 West Stanhope Road, Kensington MD 20895
Signed the 990-EZ
Bryan Parchment, Director
Return prepared by
FMS Advisory

Mission

The Organizations primary exempt purpose is to promote business growth by providing business development resources networking opportunities educational programming and initiatives that increase visibility and economic opportunity within the Black business community.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • The Annual Awards Dinner recognizes and celebrates the achievements of Black business owners entrepreneurs and community leaders. The event fosters networking highlights excellence in business and leadership and raises awareness of the contributions of the Black business community.
    Expenses $57,446
  • The Black Business Database is a resource that promotes and increases the visibility of Black-owned businesses by providing a centralized listing for consumers businesses and community members. The directory supports economic development by connecting businesses with new customers partners and opportunities.
    Expenses $30,714

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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, 2026990-N on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990-N on file

File the 2026 990-N for BLACK BUSINESS COUNCIL

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-3251362
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2021
Accounting year ends
December
Files
Form 990-N (e-Postcard)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: Bryan Parchment
December 31, 2025≤ $50,000 receipts––e-Postcard
990-EZDecember 2025$40,228$32,910$21,317XML
990-N for 2024
Officer: Tony Parchment
December 31, 2024≤ $50,000 receipts––e-Postcard
990-N for 2023
Officer: Tony Parchment
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: Bryan Parchment
December 31, 2022≤ $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 85-3251362).

Questions about BLACK BUSINESS COUNCIL

What is the EIN of BLACK BUSINESS COUNCIL?
The employer identification number (EIN) of BLACK BUSINESS COUNCIL is 85-3251362.
Is BLACK BUSINESS COUNCIL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2021.
Are donations to BLACK BUSINESS COUNCIL tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BLACK BUSINESS COUNCIL file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of BLACK BUSINESS COUNCIL 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 BLACK BUSINESS COUNCIL last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
Who is the principal officer of BLACK BUSINESS COUNCIL?
The 990-N for 2025 names Bryan Parchment.
Who are the officers and directors of BLACK BUSINESS COUNCIL?
The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does BLACK BUSINESS COUNCIL have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $40,228, expenses of $32,910 and total assets of $21,317 at year end.

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