Nonprofit · EIN 82-2977051
EXCELSIOR BUSINESS DEVELOPMENT CORPORATION
Also known as EBDC
Tax-exempt · BROOKLYN, NY 11211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $9,653 | $23,737 | -$14,084 | $5,851 | $122,540 | -$116,689 |
| December 31, 2023 | 990-EZ | $34,079 | $43,272 | -$9,193 | $12,179 | $114,784 | -$102,605 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $9,652
- Investment income
- $1
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $23,737
- Program services (functional)
- $8,278
Balance sheet and other
- Total assets, start of year
- $12,179
- Total assets, end of year
- $5,851
- Total liabilities, end of year
- $122,540
- Net assets, end of year
- -$116,689
- Cash, savings and investments
- $811
- Land and buildings
- $5,040
- Gross receipts
- $9,653
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDGARD HERNANDEZ | President | 20 | $0 |
| EUGENIA HERNANDEZ | DIR, SC'Y, TREA | 2 | $0 |
| THOMAS FARRELL | DIR, ASS'T SECR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDGARD HERNANDEZ | President | 20 | $0 |
| EUGENIA HERNANDEZ | DIR, SC'Y, TREA | 2 | $0 |
| THOMAS FARRELL | DIR, ASS'T SECR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 340 S 3RD ST APT C5, BROOKLYN, NY 11211-6345
- In care of
- % EDGARD HERNANDEZ
- Mailing address (990-N for 2020)
- 340 SOUTH 3RD STREET, BROOKLYN NY 11211
- Principal officer (990-N for 2020)
- EDGARD HERNANDEZ, 340 SOUTH 3RD STREET C5, BROOKLYN NY 11211
- Signed the 990-EZ
- EDGARD HERNANDEZ, President
- Phone
- (646) 904-8745
- Return prepared by
- ANTHONY J CASSAR CPA PC
Mission
FOCUSED ON TAKING ON THE RESPONSIBILITY OF DEVELOPING, TRAINING, FINANCING ACCESS, ADVOCACY, AND PROVIDE TECHNICAL ASSISTANCE TO THE UNDERSERVED - MINORITIES, WOMEN, VETERANS, EMERGING BUSINESSES TO BECOME SUCCESSFUL AND LEADERS IN THEIR INDUSTRY. BY PROVIDING MENTOR SUPPORT SERVICES, BUSINESSES CAN THEN STRIVE IN THE PUBLIC AND PRIVATE MARKETPLACE.
Program accomplishments
- RECOVERY TA PROGRAMExpenses $8,278
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-2977051
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $5,851
- Income (IRS master file)
- $9,653
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $9,653 | $23,737 | $5,851 | IRS |
| 990-EZ | December 2023 | $34,079 | $43,272 | $12,179 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: EDGARD HERNANDEZ | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2977051).
Questions about EXCELSIOR BUSINESS DEVELOPMENT CORPORATION
- What is the EIN of EXCELSIOR BUSINESS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of EXCELSIOR BUSINESS DEVELOPMENT CORPORATION is 82-2977051.
- Is EXCELSIOR BUSINESS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to EXCELSIOR BUSINESS DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EXCELSIOR BUSINESS DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of EXCELSIOR BUSINESS DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EXCELSIOR BUSINESS DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of EXCELSIOR BUSINESS DEVELOPMENT CORPORATION?
- The 990-N for 2020 names EDGARD HERNANDEZ.
- Who are the officers and directors of EXCELSIOR BUSINESS DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does EXCELSIOR BUSINESS DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $9,653, expenses of $23,737 and total assets of $5,851 at year end.
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