2024-02-08T07:54:31-08:00 2023-09-30 591498723 DIVINE BLALOCK MARTIN & SELLARI LLC 580 VILLAGE BLVD SUITE 110 WEST PALM BEACH FL 33409 990 2022-10-01 592829862 Palm Beach County Black Business Investment Corporation PALM 5618458055 380 Columbia Drive 100 West Palm Beach FL 33409 Pamela Stewart President & CEO 2024-02-08 true Pamela Stewart 999009999 true Dustan Brown CPA P01520825 5616861110 0 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Pamela Stewart 380 Columbia Drive 100 West Palm Beach FL 33409 1107024 false X WWW.PBCBBIC.BIZ X 1987 FL Providing business loan guarantees and investment opportunities for black businesses 11 11 3 0 568970 726250 14355 7087 -477029 373687 0 106296 1107024 0 0 236331 234006 0 0 151852 286520 388183 520526 -281887 586498 4825109 5410963 10047 9403 4815062 5401560 The mission of the Palm Beach County Black Business Investment Corporation (BBIC) is to expand the participation of Black business enterprises in all segments of Palm Beach County's economy by creating a perpetual flow of capital for their growth, and aggressively promoting an atmosphere conducive to their development. false false 436711 733337 Expand the participation of Black business enterprises in all segments of Palm Beach County's economy by creating business loan guarantees. 436711 false true false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 3 true false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false FL X X X Erik Thompson CFO 5618458055 380 Columbia Drive Suite100 West Palm Beach FL 33409 Marlon White Former CEO 2.00 0.00 X 69637 0 0 Pamela Stewart President & CEO 40.00 0.00 X 66276 0 0 Douglas Lawson Director 2.00 0.00 X 0 0 0 Maya Chandler Director 2.00 0.00 X 0 0 0 Edwin Ferguson Director 2.00 0.00 X 0 0 0 Sean Chaderton Director 2.00 0.00 X 0 0 0 Lochan Chanderballi Director 2.00 0.00 X 0 0 0 Bobby Saint-Preux Director 2.00 0.00 X 0 0 0 Donna Carroll Vice Chairman 2.00 0.00 X 0 0 0 Charles Keys III Treasurer 2.00 0.00 X 0 0 0 Steven Eassa Secretary 2.00 0.00 X 0 0 0 Timothy Thompson Chairman 2.00 0.00 X 0 0 0 135913 0 false false false 0 726250 726250 Program Service Fee 900099 7087 7087 7087 373687 373687 0 0 0 0 0 0 0 0 1107024 380774 0 0 0 0 135913 115526 20387 0 78272 66531 11741 0 19821 16848 2973 0 0 4562 3878 684 15324 13026 2298 0 0 0 24356 20703 3653 4893 4159 734 2037 1731 306 0 0 26075 16427 9648 0 0 20606 17515 3091 18 15 3 0 187 159 28 7685 6532 1153 Guaranteed payoff 70600 60010 10590 Moving expenses 48050 40843 7207 Miscellaneous 30338 25787 4551 Bank & Finance charges 21986 18688 3298 9803 8333 1470 520526 436711 83815 0 450210 1133771 0 454500 273937 2512 0 0 697731 685236 0 2266 0 85231 24408 48307 60823 3172095 3234439 0 0 0 20245 4825109 5410963 10047 9403 10047 9403 X 4208608 4745810 606454 655750 4815062 5401560 4825109 5410963 586498 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4025 4025 81206 24408 56798 60823 X 1107024 1107024 1107024 520526 520526 520526 Part X : FIN48 Footnote The Organization has adopted the provisions of FASB ASC 740-10-25, which require that a tax provision be recognized or derecognized based on a more likely than not threshold. This applies to positions taken or expected to be taken in a tax return. The Organization does not believe its combined financial statements include any uncertain tax positions. Form 990, Part VI, Section B, Line 11b The IRS Form 990 is prepared by the Palm Beach County Black Business Investment Corp's CPA firm, Divine Blalock Martin Sellari, LLC. A draft of Form 990 is reviewed by the CEO and CFO then is presented to the Audit Committee for review. A final version of Form 990 is presented to the Board or Directors for review. Once reviewed by the entire board the 990 is filed with the Internal Revenue Service and posted on agencys website. Form 990, Part VI, Section B, Line 15b Executive salaries are compared with similiar organizations of a similiar size. Form 990, Part VI, Section C, Line 19 Palm Beach County Black Business Investment Corporation makes its governing documents available to the public upon request. Palm Beach County Black Business Investment Corporation's 990s and audits are available on the website at www.pbcbbic.org and guidstar at www.guidestar.org.