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Federal ID# 863609489

Black Business Enterprises Fund

General Information

Organization Type CHARITY
Contact Person Nancy Korsah
Address 1128 Harmon Place, Suite 200, Minneapolis, MN 55403-
Phone Number (763) 501-4035
Purpose or Description To empower low-income individuals with education, financial support and resources to establish and grow their businesses.
Status Active
Extension None

Financial Information

For Fiscal Year Ending 12/31/2024

INCOME
Direct Public Support$49,568
Government Grants+ $0
Other Revenue+ $307,292
Total Revenue$356,860
EXPENSES
Amount Spent for Program or Charitable Purposes$79,746
Management/General Expense+ $45,050
Fundraising Expense+ $70,514
Total Expenses$195,310

Excess/Deficit
Total Revenue$356,860
Total Expenses- $195,310
Excess/Deficit$161,550
End of Year Fund Bal/Net Worth
Total Assets$195,612
Total Liabilities- $-36,580
End of Year Fund Bal/Net Worth$232,192

Financial Information for Prior Years

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