1. Directory
  2. Illinois
  3. Chicago
  4. Expanding Black Business
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
2022-12-01
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
$187,892
2022
Total expenses
$274,416
2022
Total assets
$9,968,394
2022
Num. employees
0
2022

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.

Who funds Expanding Black Business

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Opportunity Finance Network (OFN)Finance Justice Fund Subgrant$100,000

Personnel at Expanding Black Business

NameTitleCompensation
Alfredo MartelChief Executive Officer$0
Bill BynumChair, Chief Executive Officer$0
Brian ArgrettChief Executive Officer$0
Gary CunninghamPresident and Chief Executive Officer$0
Inez LongChief Executive Officer$0
...and 2 more key personnel

Financials for Expanding Black Business

RevenuesFYE 12/2022
Total grants, contributions, etc.$167,905
Program services$0
Investment income and dividends$19,987
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$187,892

Form 990s for Expanding Black Business

Fiscal year endingDate received by IRSFormPDF link
2021-122022-11-04990View PDF
2020-122021-10-06990View PDF
2016-122017-06-01990EOView PDF
Data update history
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 7, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 2, 2022
Updated personnel
Identified 11 new personnel
June 2, 2022
Used new vendors
Identified 1 new vendor, including
April 27, 2021
Posted financials
Added Form 990N for fiscal year 2019
Nonprofit Types
Business and community development organizationsCharities
Issues
African AmericansEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
135 S Lasalle St 3025
Chicago, IL 60603
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
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
Free account sign-up

Want updates when Expanding Black Business has new information, or want to find more organizations like Expanding Black Business?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy