Nonprofit · EIN 90-0899831
USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $3,266,528 | $2,827,336 | $439,192 | $5,220,248 | $538,961 | $4,681,287 |
| December 31, 2022 | 990 | $2,824,405 | $2,797,243 | $27,162 | $4,651,063 | $408,968 | $4,242,095 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $3,259,734
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $6,794
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $923,654
- Salaries, compensation and benefits (total)
- $999,943
- Professional fundraising fees
- $0
- Accounting fees
- $33,934
- Occupancy
- $24,776
- Travel
- $4,393
- Program services (functional)
- $2,694,546
- Management and general (functional)
- $132,790
Balance sheet and other
- Total assets, start of year
- $4,651,063
- Total assets, end of year
- $5,220,248
- Total liabilities, end of year
- $538,961
- Net assets, end of year
- $4,681,287
- Net assets without donor restrictions
- $4,681,287
- Gross receipts
- $3,266,528
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- DC
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aimee Griffin | Secretary Trustee or director, Officer | 2 | $0 |
| Bridgett Gagne | Treasurer Trustee or director, Officer | 2 | $0 |
| CHarles O'Neal | Chairman of the Board Trustee or director, Officer | 2 | $0 |
| ANtwanye Ford | Vice CHair Trustee or director, Officer | 2 | $0 |
| Ronald Busby | Executive Director Officer, Key employee | 10 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aimee Griffin | Secretary Trustee or director | 2 | $0 |
| Bridgett Gagne | Treasurer Trustee or director | 2 | $0 |
| Charles ONeal | Chairman of the Board Trustee or director | 2 | $0 |
| Antwanye Ford | Vice Chair Trustee or director | 2 | $0 |
| Ronald Busby | Executive Director Officer, Key employee | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1001 CONNECTICUT AVENUE NW SUITE 50, WASHINGTON, DC 20036-5504
- Principal officer (990 for 2023)
- Ronald Busby, 1001 Connecticut Ave NW, Washington, DC 20036
- Signed the 990
- Ronald Busby, Executive Director
- Phone
- (202) 330-3026
- Return prepared by
- BENFORD BROWN & ASSOCIATES
Mission
The organization was formed to assist local Black Chambers of Commerce nationally with small business development and growth and to represent the business interest of African American businesses throughout the US.
Program accomplishments
- The Organization was able to provide technical and educational assistance to business owners and aspiring entrepreneurs. In addition, the organization was able to provide micro-grants to outside organizations throughout the year.Expenses $2,694,546
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 90-0899831
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $5,220,248
- Income (IRS master file)
- $3,266,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $3,266,528 | $2,827,336 | $5,220,248 | XML |
| 990 | December 2022 | $2,824,405 | $2,797,243 | $4,651,063 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 90-0899831).
Questions about USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION is 90-0899831.
- Is USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION 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 USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION 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 USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2023 names Ronald Busby.
- Who are the officers and directors of USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $3,266,528, expenses of $2,827,336 and total assets of $5,220,248 at year end.
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