Nonprofit · EIN 92-2086375
BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN
Tax-exempt · BALTIMORE, MD 21202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,060,000 | $361,285 | $1,698,715 | $5,395,438 | $3,480,800 | $1,914,638 |
| December 31, 2023 | 990 | $195,236 | $149,193 | $46,043 | $3,749,134 | $3,703,091 | $46,043 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,060,000
- of which government grants
- $2,000,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $60,191
- Occupancy
- $18,901
- Depreciation
- $11,301
- Program services (functional)
- $361,285
Balance sheet and other
- Total assets, start of year
- $3,749,134
- Total assets, end of year
- $5,395,438
- Total liabilities, end of year
- $3,480,800
- Net assets, end of year
- $1,914,638
- Land, buildings and equipment
- $5,391,670
- Net assets without donor restrictions
- $1,914,638
- Gross receipts
- $2,060,000
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2023
- State of legal domicile
- MD
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALVIN C HATHAWAY SR | BOARD MEMBER Trustee or director | 0.3 | $0 |
| SEAN RUSSELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SUSAN KELLY | TREASURER Trustee or director, Officer | 1 | $0 |
| NICHOLE DOYLE BATTLE | BOARD MEMBER Trustee or director | 0.3 | $0 |
| WATCHEN HARRIS BRUCE | PRESIDENT AND CEO - BCL Trustee or director, Officer | 1 | $0 |
| CLARENCE SNUGGS | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WATCHEN HARRIS BRUCE | PRESIDENT AND CEO - BCL Trustee or director, Officer | 1 | $0 | $148,479 |
| ANTONY GROSS | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| LINDA HARRINGTON | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| GERARD JOAB | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
| NICHOLE DOYLE BATTLE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 N CALVERT STREET, BALTIMORE, MD 21202-0000
- Principal officer (990 for 2024)
- WATCHEN HARRIS BRUCE, 301 N CALVERT STREET, BALTIMORE, MD 21202
- Signed the 990
- WATCHEN HARRIS BRUCE, PRESIDENT & CEO
- Phone
- (410) 727-8590
- Website
- WWW.BCLENDING.ORG
- Return prepared by
- SB & COMPANY LLC
Mission
TO IMPROVE AND STRENGTHEN THE ENABLING ENVIRONMENT FOR SMALL BUSINESS DEVELOPMENT SERVICES, ENHANCING THE ECOSYSTEM OF SMALL BUSINESS LENDING FOR BIPOC AND OTHER UNDERSERVED COMMUNITIES IN THE BALTIMORE REGION.
Program accomplishments
- SMALL BUSINESS DEVELOPMENT: THE CENTER OFFERS WRAP-AROUND BUSINESS SERVICES IN PARTNERSHIP, COLLABORATION, AND/OR SPONSORSHIP WITH OTHER SERVICES PROVIDERS TO HELP BUSINESSES GROW AND EXPAND BEYOND MICRO TO SMALL, MEDIUM, AND LARGE BUSINESSES. THIS WILL BE DONE THROUGH OFFERING PLACED-BASED TRAINING AND A BUSINESS INCUBATION CENTER THAT OFFERS A WIDE VARIETY OF TRAINING AND CAPACITY BUILDING ACTIVITIES TO BUSINESSES AND ORGANIZATIONS REGIONALLY, NATIONALLY, OR PERHAPS EVEN INTERNATIONALLY.Expenses $361,285
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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2086375
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S02)
- Assets (IRS master file)
- $5,395,438
- Income (IRS master file)
- $2,060,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,060,000 | $361,285 | $5,395,438 | XML |
| 990 | December 2023 | $195,236 | $149,193 | $3,749,134 | XML |
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 92-2086375).
Questions about BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN
- What is the EIN of BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN?
- The employer identification number (EIN) of BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN is 92-2086375.
- Is BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN 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 BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN 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 BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN?
- The 990 for the year ended December 31, 2024 names WATCHEN HARRIS BRUCE.
- Who are the officers and directors of BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BUSINESS DEVELOPMENT & RESOURCE CENTER - BCL COMMUNITY FACILITY IN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,060,000, expenses of $361,285 and total assets of $5,395,438 at year end.
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