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EIN 81-5173829

Expanding Black Business

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Chicago
State
Illinois
Year formed
2016
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Expanding Black Business NFP disseminates best practices in lending to black businesses within its network and broadly. Its mission is to dramatically increase lending to black-owned businesses across the country. In 2022, the Board of the organization met three times sharing best practices and funding opportunities for organizations prioritizing lending to Black owned small businesses. They invested $8,000,000 in the Black Vision Fund with $500,000 being equity.
Also known as...
Expanding Black Business NFP
Total revenues
$233,260
2023
Total expenses
$61,934
2023
Total assets
$10,151,005
2023
Num. employees
0
2023

Program areas at Expanding Black Business

In 2022, the Board of the organization met three times to share best practices and funding opportunities for organizations prioritizing lending to Black owned small businesses and invested $8,000,000 in the Black Vision Fund of which $500,000 was equity and $7.5 million was long term unsecured debt. The Black Vision Fund is a debt fund for the CDFIs who are members of the EBBC network that is long term, unsecured and low-cost.

Personnel at Expanding Black Business

NameTitleCompensation
Victor ElmoreChief Executive Officer$0
Bill BynumChair$0
Mary HoughtonPlanning Committee Chair$0
Brian ArgrettChief Executive Officer / Treasurer$0
Gary CunninghamPresident and Chief Executive Officer / Vice Chair$0

Financials for Expanding Black Business

RevenuesFYE 12/2023
Total grants, contributions, etc.$60,000
Program services$0
Investment income and dividends$83,272
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$89,988
Total revenues$233,260

Form 990s for Expanding Black Business

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-06990View PDF
2022-122023-11-09990View PDF
2021-122022-11-04990View PDF
2020-122021-10-06990View PDF
2016-122017-06-01990EOView PDF

Organizations like Expanding Black Business

OrganizationLocationRevenue
The Fund for Jobs Worth OwningNorthampton, MA$95,657
New Growth CapitalAppleton City, MO$238,389
Entrepreneur Works FundPhiladelphia, PA$607,752
Iowa Foundation for Microenterprise and Community VitalityBoone, IA$390,995
Preferred Lending PartnersDenver, CO$1,151,595
Community Capital of VermontBarre, VT$325,527
Head CorporationLondon, KY$77,379
Shenandoah Community Capital FundStaunton, VA$1,156,932
Pathway Capital FundingWest Palm Beach, FL$91,118
Greenline Access CapitalPhiladelphia, PA$212,923
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
December 30, 2023
Used new vendors
Identified 1 new vendor, including
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from Opportunity Finance Network (OFN)
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsCharities
Issues
African AmericansEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
135 S Lasalle St 3025
Chicago, IL 60603
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
ebbcfund.org/ 
Phone
(312) 543-6110
IRS details
EIN
81-5173829
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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