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Nonprofit · EIN 85-0797003

VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO

Tax-exempt · FREDERICKSBRG, VA 22401

Financials

$308K$361K2023$213K$177K2024
Revenue Expenses · by fiscal year end
Financials of VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$213,418$176,862$36,556$7,662$71,368-$63,706
December 31, 2023990 (amended)$307,711$361,490-$53,779$3,377$103,637-$100,260
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$32,952
Program service revenue
$180,466
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$4,500
Compensation of officers, directors and key employees
$53,649
Other salaries and wages
$1,025
Salaries, compensation and benefits (total)
$59,203
Professional fundraising fees
$0
Accounting fees
$1,600
Occupancy
$4,685
Travel
$5,460
Program services (functional)
$155,434
Management and general (functional)
$19,105
Fundraising (functional)
$2,323

Balance sheet and other

Total assets, start of year
$3,377
Total assets, end of year
$7,662
Total liabilities, end of year
$71,368
Net assets, end of year
-$63,706
Net assets without donor restrictions
-$63,706
Gross receipts
$213,418
Employees
1
Year formed
2020
State of legal domicile
VA

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ERNISHA HALLFOUNDER- PRESIDENT -TREASURER
Trustee or director, Officer
24$53,650
TRACEY HALLFOUNDER-VICE PRESIDENT-SECRETARY
Trustee or director, Officer
10$0
MICHELLE RIDDICKHON FOUNDER
Trustee or director, Officer
25$0
LAURASHA LOVETTDIRECTOR AND EDUC COORDINATOR
Officer
5$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
ERNISHA HALLPRESIDENT
Officer
10$105,883
NICHOLAS MINOREX OFFICIO AND DIRECTOR
Trustee or director
2$0
LAURASHA LOVETTEDUCATION COORDINATOR
Trustee or director, Officer
5$0
DAMON CUNNINGHAMVICE CHAIR
Trustee or director, Officer
5$0
TRACEY HALLVICE PRESIDENT
Trustee or director, Officer
10$0
MICHELLE RIDDICKHON FOUNDER AND TREASURER
Trustee or director, Officer
20$0

Address and contacts

Address (IRS master file)
317 WILLIAM ST, FREDERICKSBRG, VA 22401-5831
In care of
% ERNISHA HALL
Signed the 990
ERNISHA HALL, FOUNDER- PRESIDENT -TREASURER
Phone
(540) 216-0021
Return prepared by
Compass CPAs of Virginia

Mission

SEE SCH O

990 for the year ended December 31, 2024

Program accomplishments

  • ENTREPRENEURSHIP & SMALL BUSINESS DEVELOPMENT A NETOWKRING INITIATIVE THAT BRIDGES THE GAP IN WEALTH BY CONNECTING BLACK OWNED BUSINESSES TO CONSUMERS THROUGHOUT THE COMMUNITY.
    Expenses $86,153 · revenue $41,478
  • EDUCATION & TRAINING PROGRAM TO ENCOURAGE NEW BUSINESS OWNERS AND HELP FURTHER BLACK BUSINESSES.
    Expenses $40,373 · revenue $16,071
  • VA BLACK BUSINESS DIRECTORY ORGANIZATIONS AND BUSINESSES ARE LISTED IN THE DIRECTORY. THE VABBD HAS CONTINUED TO INCREASE BUSINESS MEMBERSHIP THROUGH VARIOUS OPPORTUNITIES
    Expenses $14,961 · revenue $119,494
  • COMMUNITY ENGAGMENT AND PROFESSIONAL NETWORKINGTO ENCOURGAGE BUSINESS NETWORKING AND PROMOTE BLACK TOURISM
    Expenses $12,750 · revenue $1,923
  • BLACK TOURISMTO INCREASE BLACK TOURISM TO THE RICHMOND AREA
    Expenses $1,197
  • WOMENS PROGRAMSTO HELP WOMAN BUSINESS OWNERS ACCELERATE AND ACHIEVE BUSINESS SUCCESS
    revenue $1,500

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-0797003
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,662
Income (IRS master file)
$213,418

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$213,418$176,862$7,662XML
990December 2023$307,711$361,490$3,377XML
990December 2022$217,667$268,145$4,972IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS

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 85-0797003).

Questions about VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO

What is the EIN of VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO?
The employer identification number (EIN) of VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO is 85-0797003.
Is VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO 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 VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $53,650 (ERNISHA HALL, FOUNDER- PRESIDENT -TREASURER).
How much revenue does VIRGINIA ALLIANCE FOR BUSINESS COMMERCE AND COMMUNITIES FOUNDATIO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $213,418, expenses of $176,862 and total assets of $7,662 at year end.

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