EIN 90-0899831

USBC Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2013
Most recent tax filings
2021-12-01
Description
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. The organization was able to work in tandem with the US Black Chamber to enhance the economic opportunities of aspiring entrepreneurs and business professionals throughout the region and the United States.
Total revenues
$2,576,854
2021
Total expenses
$1,176,736
2021
Total assets
$4,616,412
2021
Num. employees
4
2021

Program areas at USBC Economic Development Corporation

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.

Grants made by USBC Economic Development Corporation

GranteeGrant descriptionAmount
Collin County Black Chamber of CommerceMicrogrant Program$5,000
African American Chamber of Commerce OMicrogrant Program$5,000
Beaufort County Black Chamber of CommerceMicrogrant Program$5,000
...and 8 more grants made

Who funds USBC Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
US Chamber of Commerce Foundation (USCCF)Grant To Serve As Partner in the Foundation's Coalition To Back Black Businesses Program, Supporting A Collaboration of Business Leaders To Bring Financial and Capacity-Building Resources To Bear Against the Disproportionate Impact of Covid-19 on Black-Owned Small Businesses Across the U.sus.s.$299,000

Personnel at USBC Economic Development Corporation

NameTitle
Ron BusbySenior President and Chief Executive Officer
Black ChambersExecutive Vice President, U.s.
Ashley SmithDirector of Marketing and Communications, Nabob
Heather HolmesConference Director
Ronald BusbyHead of Product , Byblack Platform
...and 6 more key personnel

Financials for USBC Economic Development Corporation

RevenuesFYE 12/2021
Total grants, contributions, etc.$2,576,854
Program services$0
Investment income and dividends$0
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$0
Total revenues$2,576,854

Form 990s for USBC Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2019-122021-03-31990View PDF
2018-122020-02-06990View PDF
2017-122019-02-21990View PDF
2016-122018-01-18990View PDF
2015-122017-04-05990View PDF
...and 2 more Form 990s
Data update history
February 22, 2023
Updated personnel
Identified 12 new personnel
July 26, 2022
Received grants
Identified 1 new grant, including a grant for $299,000 from US Chamber of Commerce Foundation (USCCF)
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 17, 2021
Updated personnel
Identified 3 new personnel
May 1, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementAfrican AmericansEconomic developmentBusiness and industry
Characteristics
Receives government fundingTax deductible donations
General information
Address
1001 Connecticut Ave NW Ste 504
Washington, DC 20036
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
usblackchambers.org/ 
Phone
(202) 463-8722
IRS details
EIN
90-0899831
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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