NonprofitsAfrican-American Business Association Inc

Community Improvement & Capacity Building

African-American Business Association Inc

WATERLOO, IA

Total revenue

$268K

Total expenses

$474K

Net assets

$4K

Grants received

EIN

453387003

Tax year

2024

Mission

The iowa center for opportunity resources & equity inc.'s mission is to research, advocate, and procure resources for historically disenfranchised communities and underserved populations in iowa.

Programs

3 programs

Black capital study + projects - the black captial study + projects (bcs+p) consists of 18+ active projects in service of building capacity for traditional monetary capital access as well as non-monetary types of capital for an inclusive entrepreneurial ecosystem in and connected to waterloo, iowa. Each project demonstrates a commitment to four components: a) evolving curriculum/technical skill development; b) responsive program delivery; 3) rigorous research and 4) trustworthy communication. Thanks to grant funds invested by the ewing marion kauffman foundation, and donations of in-kind services and support from the university of northern iowa - john pappajohn entrepreneurial center this 3-year research study will publish its findings in or about july 2025 for inclusive ecosystems to thrive around the world. Learn more - https://www.blackcapitalstudy.org.

Expenses: $380K

Shop black iowa - a curated e-commerce marketplace for historically disenfranchised small businesses in iowa that allows customers from iowa and other states to purchase goods and services that showcase iowa's diverse economy. Any small business that is at least 51% owned by one or more individuals who have been historically subjected to racial or ethnic prejudices or cultural biases within the larger american culture have access to a trusted e-commerce marketplace and resources that is a destination for all. Success is measured by the number of businesses registered to sell on the online platform, the number of items they publish for e-commerce, and accumulated capacity building support / outreach engagements. Thanks to donations of in-kind support from member marketplace inc. And local sponsors, the online marketplace registration and costs are subsidized for the first 100 businesses that register for the platform. Currently there are more than 40 businesses registered. Learn more - https://rethinkiowa.shopwhereilive.com/

Expenses: $13K

Social enterprise / impact incubator - an innovative program that opens doors of opportunity for historically disenfranchised populations to develop servant leadership skills, design solutions to that impact historically underserved communities, and scale social enterprises in iowa. Through an assessment and the competition of a certification program, any social enterprises are elevated to revolutionize sustainable business practices, ensuring local businesses are both profitable and making a positive societal contribution. Success is measured through an inclusive ecosystem and social justice framework that accelerates innovation, builds shared governance, and protects community equity. Currently there are more than 10 social enterprises being developed or in full operation, each business has access to an in-kind grant of services and resources procured by rethink iowa llc, not to exceed 2,500 fmv.

Expenses: $4K

Financials

FY 2024

Revenue

Contributions & grants$268K
Program service revenue
Investment income
Other revenue
Total revenue$268K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$474K
Total expenses$474K
Total assets$4K
Net assets$4K

People

3 listed

NameRoleCompensation

MATTHEW GILBERT

PRESIDENT

Board

10 hrs/wk

YVONNE NASH

SECRETARY

Board

5 hrs/wk

TERRENCE THAMES

TREASURER

Board

5 hrs/wk

Details

EIN453387003
NTEE codeS20
Subsection03
Ruling date2013-12
Employees0
AFRICAN-AMERICAN BUSINESS ASSOCIATION INC — Mission, Financials & Grants Received | Grantivo