NonprofitsBlack Business Investment Fund Inc

Black Business Investment Fund Inc

ORLANDO, FL

Total revenue

$7.8M

Total expenses

$8.9M

Net assets

$15.8M

Grants received

$11.1M

17 grants

EIN

592861155

Tax year

2023

Mission

The mission is to develop and promote Black business enterprises through education, training, loans, investments, and other activities and aggressively promote an atmosphere conducive to their development.

Financials

FY 2023

Revenue

Contributions & grants$1.4M
Program service revenue$6.0M
Investment income$438K
Other revenue
Total revenue$7.8M

Expenses

Grants paid$48K
Salaries & benefits$3.9M
Fundraising
Other expenses$5.0M
Total expenses$8.9M
Total assets$55.9M
Net assets$15.8M

People

11 listed

NameRoleCompensation

INEZ LONG

FORMER PRESIDENT/CEO

Board

$451K

38 hrs/wk

DUANE LEWIS

CHIEF OPERATING OFFICER

Board

$231K

38 hrs/wk

ORAINE REED

VP FINANCE

Board

$204K

40 hrs/wk

JASMINE GEBON

V.P. STRATEGIC INITIATIVES

Board

$186K

40 hrs/wk

JACQUELINE BARR

CHAIRPERSON

Board

8 hrs/wk

MARILYN DRAYTON

VICE CHAIR

Board

6 hrs/wk

SABRINA MARTINELLI

TREASURER

Board

6 hrs/wk

JOYCE ODONGO

SECRETARY

Board

6 hrs/wk

ESTHER MARSHALL

DIRECTOR

Board

6 hrs/wk

MYRLANDE SIMEON

REGIONAL DIRECTOR

Staff

$128K

40 hrs/wk

DONNA DINGLE

DIRECTOR OF COMPLIANCE

Staff

$116K

40 hrs/wk

Grants received

Showing 17 of 17

FromAmountPurposeYear
$250K
OPERATING GRANT
2024
$30K
FINANCIAL LITERACY PROGRAM SPONSORSHIP
2023
$2.0M
Business loans and assistance
2022
$140K
SUPPORT LENDING AND EDUCATION SERVICES TO UNDERSERVED SMALL BUSINESSES
2022
$25K
FINANCIAL LITERACY PROGRAM SPONSORSHIP
2022
$310K
Technical Assiatance to Businesses
2021
$160K
SUPPORT LENDING AND EDUCATION SERVICES TO UNDERSERVED SMALL BSUINESSES
2021
$5.2M
Technical Assiatance to Businesses
2020
$250K
TOWARD THE COSTS OF ITS CONTRACTOR ASSISTANCE PROGRAM TO PROVIDE CAPITAL COMBINED WITH BUSINESS DEVELOPMENT TRAINING TO STRENGTHEN THE BUSINESS CAPACITY OF BLACK-OWNED CONTRACTING COMPANIES IN MIAMI-DADE COUNTY
2020
$150K
SMALL BUSINESS GRANT
2020
$50K
COVID-19 GRANT
2020
$35K
GENERAL SUPPORT
2020
$1.2M
Technical Assiatance to Businesses
2019
$70K
Technical Assiatance to Businesses
2018
$70K
Technical Assiatance to Businesses
2017

Funded by

$11.1M from 7 funders · 17 grants · 2017–2024

Black Business Community Development Corporation

$9.8M · 7 grants · 2017–2023

Opportunity Finance Network

$450K · 3 grants · 2020–2024

Peoplefund

$300K · 2 grants · 2021–2022

The Rockefeller Foundation

$250K · 1 grant · 2020

National Community Reinvestment

$150K · 1 grant · 2023

Fairwinds Foundation Inc

$55K · 2 grants · 2022–2023

Community Reinvestment Fund Inc

$35K · 1 grant · 2020

Details

EIN592861155
Subsection04
Ruling date1994-04
Formed1987
Employees28
Volunteers0
BLACK BUSINESS INVESTMENT FUND INC — Mission, Financials & Grants Received | Grantivo