LIBERIAN BUSINESS ASSOCIATION IN THE DIASPORA

EIN: 813454753 501(c)(3)

Minneapolis, MN

Total Revenue
$250,826
Total Expenses
$252,628
Total Assets
$5,956
Net Assets
$5,956
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MN
Principal Officer
JACKSON K GEORGE
Phone
6126074233
Tax Period
2021-01-01 to 2021-12-31

LIBERIAN BUSINESS ASSOCIATION IN THE DIASPORA, founded in 2016, is a small nonprofit that reported $251K in total revenue in fiscal year 2021.

Mission

To help micro & small minority-owned businesses alleviate financial hardship.

Program Service Accomplishments

Program 1
Expenses: $97,334

This COVID-19 Business Enhancement Grant identified 30 micro & small minority-owned businesses resident in the City of Brooklyn Park and provided education, computer equipment and software, and cash...

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This COVID-19 Business Enhancement Grant identified 30 micro & small minority-owned businesses resident in the City of Brooklyn Park and provided education, computer equipment and software, and cash assistance to help them alleviate financial hardship.

Program 2
Expenses: $100,000

This is seed money provided by the City of Brooklyn Park to fund a loan program under the auspices of the Liberian Business Association in the Diaspora to provide short-term loans to help micro and...

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This is seed money provided by the City of Brooklyn Park to fund a loan program under the auspices of the Liberian Business Association in the Diaspora to provide short-term loans to help micro and small minority-owned start-up and other businesses that would otherwise not get funded through traditional loan programs.

Program 3
Expenses: $32,863

This Community Outreach Program is to assist Hennepin County spread information about the new Blue Line Project and solicit views of community dwellers especially those in the immigrant communities...

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This Community Outreach Program is to assist Hennepin County spread information about the new Blue Line Project and solicit views of community dwellers especially those in the immigrant communities in Brooklyn Park, Brooklyn Center and adjoining cities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $250,826
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,826

Expense Breakdown

Grants Paid $145,214
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $230,197
Other Expenses $107,414
TOTAL EXPENSES $252,628

Year-over-Year Comparison

2021 2020 Change
Revenue $250,826 N/A N/A
Expenses $252,628 N/A N/A
Net Income $-1,802 N/A N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR THOMAS TWEH Director 0.500
Director
$0 $0 $0
MICHAEL RENNIE Director 0.500
Director
$0 $0 $0
REP NAQUETTE RICKS Director 0.500
Director
$0 $0 $0
DR STELLAJEFFERIES JEFFERIES Director 0.500
Director
$0 $0 $0
FRANK K NGAFUA Chairman 0.500
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $250,826 $252,628 $5,956 $-1,802
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