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EIN 59-2861155

Black Business Investment Fund

IRS 501(c) type
501(c)(4)
Num. employees
25
City
Orlando
State
Florida
Year formed
1987
Most recent tax filings
2023-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
The Black Business Investment Fund develops and promotes Black business enterprises through education, training, loans, investments, and other activities. During FY 2021-2022, BBIF provided loans and financial assistance to Black, minority and underserved small businesses throughout Florida. Additionally, BBIF served as one of the only non-traditional, non-bank financial institutions offering the US Small Business Administration's (SBA) Paycheck Protection Program loan in Florida.
Total revenues
$10,029,589
2023
Total expenses
$6,040,674
2023
Total assets
$51,338,939
2023
Num. employees
25
2023

Program areas at Black Business Investment Fund

In FY 2022-23, BBIF furher solidified our commitment to providing essential services to BIPOC entrepreneurs and underserved communities. To that end, BBIF implemented several key initiatives that have enabled us to better serve those in need. BBIF's initiatives included establishing strong partnerships in the commounities it serve and expanding the financial technical assistances services and innovative business development programs offered. BBIF is proud of the innovative and impactful financial solutions proved. BBIF processed $12.6 million in business loans and generated $71 million in economic impact through its New Markets Tax Credits (NMTC) projects, resulting in the creation of over 990 new jobs. Through these efforts, BBIF demonstrate its commitment to helping business owners reach their goals and succeed.

Grants made by Black Business Investment Fund

GranteeGrant descriptionAmount
Legacy Ventures InternationalAssist With Working Capital$15,000

Who funds Black Business Investment Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Black Business Community Development CorporationBusiness Loans and Assistance$2,000,500
National Community Reinvestment Coalition (NCRC)Subgrant$150,000
PeopleFundSupport Lending and Education Services To Underserved Small Businesses$140,000
...and 1 more grant received

Financials for Black Business Investment Fund

RevenuesFYE 09/2023
Total grants, contributions, etc.$6,545,392
Program services$3,351,625
Investment income and dividends$132,572
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$10,029,589
Data update history
April 24, 2025
Updated personnel
Identified 7 new personnel
January 7, 2025
Received grants
Identified 2 new grant, including a grant for $150,000 from National Community Reinvestment Coalition (NCRC)
October 25, 2024
Updated personnel
Identified 4 new personnel
September 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $2,000,500 from Black Business Community Development Corporation
Nonprofit Types
Business and community development organizations
Issues
African AmericansBusiness and industry
Characteristics
Receives government funding
General information
Address
301 E Pine St
Orlando, FL 32824
Metro area
Orlando-Kissimmee-Sanford, FL
County
Orange County, FL
Website URL
bbif.com/ 
Phone
(407) 649-4780
IRS details
EIN
59-2861155
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
No
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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