Nonprofit · EIN 87-1330821
BLACK WALL STREET AVL
Tax-exempt · ASHEVILLE, NC 28801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $149,294 | $189,278 | -$39,984 | $10,965 | $3,403 | $7,562 |
| August 31, 2024 | 990 | $362,314 | $327,441 | $34,873 | $55,188 | $7,642 | $47,546 |
| August 31, 2023 | 990 | $240,232 | $225,524 | $14,708 | $44,168 | $13,682 | $30,486 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $138,976
- of which government grants
- $1,500
- Program service revenue
- $10,318
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $620
- Other salaries and wages
- $91,866
- Salaries, compensation and benefits (total)
- $91,866
- Professional fundraising fees
- $0
- Accounting fees
- $14,915
- Occupancy
- $9,071
- Travel
- $594
- Depreciation
- $125
- Program services (functional)
- $139,110
- Management and general (functional)
- $50,168
Balance sheet and other
- Total assets, start of year
- $55,188
- Total assets, end of year
- $10,965
- Total liabilities, end of year
- $3,403
- Net assets, end of year
- $7,562
- Land, buildings and equipment
- $314
- Gross receipts
- $149,294
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- NC
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTEN ALLEN | SECRETARY Trustee or director | – | $0 |
| CARLTON DUGGER | BOARD MEMBER Trustee or director | – | $0 |
| JOSEPH HACKETT | BOARD CHAIR Trustee or director | – | $0 |
| DR MASICA JORDAN | TREASURER Trustee or director | – | $0 |
| STEPHANIE LEE | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended August 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH HACKETT | BOARD CHAIR Trustee or director | – | $0 |
| STEPHANIE LEE | BOARD MEMBER Trustee or director | – | $0 |
| DR MASICA JORDAN | TREASURER Trustee or director | – | $0 |
| CARLTON DUGGER | BOARD MEMBER Trustee or director | – | $0 |
| KRISTEN ALLEN | SECRETARY Trustee or director | – | $0 |
990 for the year ended August 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTEN ALLEN | SECRETARY Trustee or director | – | $0 |
| CARLTON DUGGER | BOARD MEMBER Trustee or director | – | $0 |
| JOSEPH HACKETT | BOARD CHAIR Trustee or director | 5 | $0 |
| DR MASICA JORDAN | TREASURER Trustee or director | – | $0 |
| STEPHANIE LEE | BOARD MEMBER Trustee or director | – | $0 |
| STEPHANIE SWEPSON-TWITTY | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 346 DEPOT ST, ASHEVILLE, NC 28801-4311
- Principal officer (990 for 2024)
- JOSEPH HACKETT, 346 DEPOT STREET, ASHEVILLE, NC 28801
- Signed the 990
- JOSEPH HACKETT, BOARD CHAIR
- Phone
- (828) 785-0233
- Website
- BLACKWALLSTREETAVL.COM
- Return prepared by
- LEGACY TAX & ACCOUNTING LLC
Mission
BLACK WALL STREET AVL IS A BLACK BUSINESS INCUBATOR WITH THE MISSION TO START, GROW, AND SCALE BLACK BUSINESSES BY PROVIDING EDUCATION, RESOURCES, AND SUPPORT TO BIPOC OWNED BUSINESSES AND NEW ENTREPRENEURS.
Program accomplishments
- BLACK WALL STREET AVL IS A BLACK BUSINESS INCUBATOR WITH THE MISSION TO START, GROW, AND SCALE BLACK BUSINESSES BY PROVIDING EDUCATION, RESOURCES, AND SUPPORT TO BIPOC OWNED BUSINESSES AND NEW ENTREPRENEURS.Expenses $139,110 · grants $620 · revenue $10,318
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 87-1330821
- 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
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $10,965
- Income (IRS master file)
- $149,294
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $149,294 | $189,278 | $10,965 | XML |
| 990 | August 2024 | $362,314 | $327,441 | $55,188 | XML |
| 990 | August 2023 | $240,232 | $225,524 | $44,168 | XML |
| 990-EZ | June 2022 | – | – | – | 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 87-1330821).
Questions about BLACK WALL STREET AVL
- What is the EIN of BLACK WALL STREET AVL?
- The employer identification number (EIN) of BLACK WALL STREET AVL is 87-1330821.
- Is BLACK WALL STREET AVL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BLACK WALL STREET AVL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK WALL STREET AVL 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 WALL STREET AVL due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLACK WALL STREET AVL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of BLACK WALL STREET AVL?
- The 990 for the year ended August 31, 2025 names JOSEPH HACKETT.
- Who are the officers and directors of BLACK WALL STREET AVL?
- The 990 for the year ended August 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does BLACK WALL STREET AVL have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $149,294, expenses of $189,278 and total assets of $10,965 at year end.
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All nonprofits in ASHEVILLE · North Carolina · Community improvement and capacity building