BLACK BRAND

EIN: 813953180 501(c)(3) Community Improvement

NORFOLK, VA

Total Revenue
$1,052,770
Total Expenses
$1,334,672
Total Assets
$127,201
Net Assets
$-72,892
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
BLAIR DURHAM
Phone
7577191241
Tax Period
2024-01-01 to 2024-12-31

BLACK BRAND, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $876K in total revenue in fiscal year 2021. Revenue surged 474% from the prior year, signaling strong growth momentum. The organization ran a surplus of $404K, a strong 46% operating margin.

Mission

"BRAND" STANDS FOR BUSINESS RESEARCH ANALYTICS NETWORKING AND DEVELOPMENT. BLACK BRAND IS THE BLACK CHAMBER OF COMMERCE FOR THE HAMPTON ROADS, VA AREA, WHOSE MISSION IS TO PROMOTE GROUP ECONOMICS THROUGH PROFESSIONAL DEVELOPMENT AND COMMUNITY EMPOWERMENT. AS THE BLACK CHAMBER OF COMMERCE, ORGANIZATION'S MISSION IS TO TRANSFORM OUR LOCAL, REGIONAL, AND NATIONAL COMMUNITY THROUGH UNITY, EDUCATION, ACCESS, OPPORTUNITY, AND DEVELOPMENT. DURING 2023 71% OF PARTICIPANTS WERE WOMEN-OWNED BUSINESSES, 40% OF PROGRAM PARTICIPANTS RESIDED IN LOW OR MODERATE INCOME ZIP CODES, AND 20% OF PROGRAM PARTICIPANTS WERE MILITARY AFFILIATED.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $443,317
Program Service Revenue $609,447
Investment Income $6
Other Revenue $0
TOTAL REVENUE $1,052,770

Expense Breakdown

Grants Paid $77,000
Salaries & Benefits $424,170
Fundraising Expenses $40,839
Program Expenses $1,233,635
Other Expenses $833,502
TOTAL EXPENSES $1,334,672

Year-over-Year Comparison

2024 2023 Change
Revenue $1,052,770 $1,311,900 -0.2%
Expenses $1,334,672 $1,416,862 -0.1%
Net Income $-281,902 $-104,962 +1.7%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
7
Employees
7
Volunteers
57

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
5
$135,710
Total Directors
11
$136,160
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAIR DURHAM EXECUTIVE DI 40.00
Officer Director
$102,900 $0 $102,900
LAFAYETTE JUDKINS CHAIR 1.00
Officer Director
$0 $0 $0
DR GENESE ROGERS CPA TREASURER 1.00
Officer Director
$32,810 $0 $32,810
RANDY WILLIAMS SECRETARY 1.00
Officer Director
$0 $0 $0
NAOMI LEWIS PARLIAMENTAR 1.00
Officer Director
$0 $0 $0
CLARENCE HARRIS CPA DIRECTOR 1.00
Director
$0 $0 $0
JAZMIN MULLEN-ALLEN ESQ DIRECTOR 1.00
Director
$450 $0 $450
TONYA BYRD DIRECTOR 1.00
Director
$0 $0 $0
JAMES BOYD DIRECTOR 1.00
Director
$0 $0 $0
GARY ARTYBRIDGE DIRECTOR 1.00
Director
$0 $0 $0
NANCY PRATHER-JOHNSON DIRECTOR 1.00
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
2024 $1,052,770 $1,334,672 $127,201 $-281,902
2023 $1,311,900 $1,416,862 $245,043 $-104,962
2022 $954,098 $1,055,593 $609,830 $-101,495
2021 $876,134 $472,479 $1,050,467 $403,655
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