Logo

Employer Identification Number 59-2425541

BAC FUNDING CONSORTIUM INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:BAC FUNDING CONSORTIUM INC
Employer identification number (EIN):59-2425541
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementUnder the sponsorship of the BAC Funding Corporation (the "BAC"), the Consortium was formed to offer an alternative method for financial institutions to participate in the economic revitalization of the African-American community. The Consortium is a Florida chartered not-for-profit corporation whose board of directors consists of community, local government, minority businesspersons, professional and other business organizations as well as the financial institution members.
Number of Employees0
Number of Volunteers3
Year Formed1982

Organization Governance

Legal DomicileFL
Voting Members - Governing Body3
Voting Members - Independent3

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 137,352
Program Service Revenue from current yearUSD $ 130,111
Investment Income from prior yearUSD $ 21
Investment Income from current yearUSD $ 32
Other Revenue from prior yearUSD $ 570
Other Revenue from current yearUSD $ 593
Gross receipts from all sourcesUSD $ 130,736
Net assets / fund balances at end of fiscal yearUSD $ 2,166,190
Net assets / fund balances at beginning of fiscal yearUSD $ 2,163,481
Total liabilities at end of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 2,166,190
Total assets at beginning of fiscal yearUSD $ 2,163,481
Revenues less expenses for current yearUSD $ 2,709
Revenues less expenses for previous yearUSD $ 11,850
Total expenses for current yearUSD $ 128,027
Total expenses for previous yearUSD $ 126,093
Other expenses in current yearUSD $ 128,027
Other expenses in previous yearUSD $ 126,093
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 130,736
Total revenue in previous fiscal yearUSD $ 137,943
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 593
2021-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 125,818
Program Service Revenue from current yearUSD $ 137,352
Investment Income from prior yearUSD $ 94
Investment Income from current yearUSD $ 21
Other Revenue from current yearUSD $ 570
Gross receipts from all sourcesUSD $ 137,943
Net assets / fund balances at end of fiscal yearUSD $ 2,163,481
Net assets / fund balances at beginning of fiscal yearUSD $ 2,151,631
Total liabilities at end of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 2,163,481
Total assets at beginning of fiscal yearUSD $ 2,151,631
Revenues less expenses for current yearUSD $ 11,850
Revenues less expenses for previous yearUSD $ -27,169
Total expenses for current yearUSD $ 126,093
Total expenses for previous yearUSD $ 153,081
Other expenses in current yearUSD $ 126,093
Other expenses in previous yearUSD $ 153,081
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 137,943
Total revenue in previous fiscal yearUSD $ 125,912
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 570
2020-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 105,590
Program Service Revenue from current yearUSD $ 125,818
Investment Income from prior yearUSD $ 245
Investment Income from current yearUSD $ 94
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 125,912
Net assets / fund balances at end of fiscal yearUSD $ 2,151,631
Net assets / fund balances at beginning of fiscal yearUSD $ 2,178,800
Total liabilities at end of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 2,151,631
Total assets at beginning of fiscal yearUSD $ 2,178,800
Revenues less expenses for current yearUSD $ -27,169
Revenues less expenses for previous yearUSD $ -56,165
Total expenses for current yearUSD $ 153,081
Total expenses for previous yearUSD $ 162,000
Other expenses in current yearUSD $ 153,081
Other expenses in previous yearUSD $ 162,000
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 125,912
Total revenue in previous fiscal yearUSD $ 105,835
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 87,016
Program Service Revenue from current yearUSD $ 105,590
Investment Income from prior yearUSD $ 3,828
Investment Income from current yearUSD $ 245
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 105,835
Net assets / fund balances at end of fiscal yearUSD $ 2,178,800
Net assets / fund balances at beginning of fiscal yearUSD $ 2,234,965
Total liabilities at end of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 2,178,800
Total assets at beginning of fiscal yearUSD $ 2,234,965
Revenues less expenses for current yearUSD $ -56,165
Revenues less expenses for previous yearUSD $ -74,589
Total expenses for current yearUSD $ 162,000
Total expenses for previous yearUSD $ 165,433
Other expenses in current yearUSD $ 162,000
Other expenses in previous yearUSD $ 165,433
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 105,835
Total revenue in previous fiscal yearUSD $ 90,844
Contributions and grants from current yearUSD $ 0
2018-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 54,107
Program Service Revenue from current yearUSD $ 87,016
Investment Income from prior yearUSD $ 1,513
Investment Income from current yearUSD $ 3,828
Other Revenue from prior yearUSD $ 8,593
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 90,844
Net assets / fund balances at end of fiscal yearUSD $ 2,234,965
Net assets / fund balances at beginning of fiscal yearUSD $ 2,309,554
Total liabilities at end of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 2,234,965
Total assets at beginning of fiscal yearUSD $ 2,309,554
Revenues less expenses for current yearUSD $ -74,589
Revenues less expenses for previous yearUSD $ -83,364
Total expenses for current yearUSD $ 165,433
Total expenses for previous yearUSD $ 147,577
Other expenses in current yearUSD $ 165,433
Other expenses in previous yearUSD $ 147,577
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 90,844
Total revenue in previous fiscal yearUSD $ 64,213
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 1,513
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 54,820
Program Service Revenue from current yearUSD $ 54,107
Investment Income from prior yearUSD $ 1,268
Investment Income from current yearUSD $ 1,513
Other Revenue from current yearUSD $ 8,593
Gross receipts from all sourcesUSD $ 64,213
Net assets / fund balances at end of fiscal yearUSD $ 2,309,554
Net assets / fund balances at beginning of fiscal yearUSD $ 2,392,918
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 125,670
Total assets at end of fiscal yearUSD $ 2,309,554
Total assets at beginning of fiscal yearUSD $ 2,518,588
Revenues less expenses for current yearUSD $ -83,364
Revenues less expenses for previous yearUSD $ -97,357
Total expenses for current yearUSD $ 147,577
Total expenses for previous yearUSD $ 153,445
Other expenses in current yearUSD $ 147,577
Other expenses in previous yearUSD $ 153,445
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 64,213
Total revenue in previous fiscal yearUSD $ 56,088
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 8,593
2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 84,147
Program Service Revenue from current yearUSD $ 54,820
Investment Income from prior yearUSD $ 1,258
Investment Income from current yearUSD $ 1,268
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 56,088
Net assets / fund balances at end of fiscal yearUSD $ 2,392,918
Net assets / fund balances at beginning of fiscal yearUSD $ 2,490,275
Total liabilities at end of fiscal yearUSD $ 125,670
Total liabilities at beginning of fiscal yearUSD $ 378,418
Total assets at end of fiscal yearUSD $ 2,518,588
Total assets at beginning of fiscal yearUSD $ 2,868,693
Revenues less expenses for current yearUSD $ -97,357
Revenues less expenses for previous yearUSD $ -118,518
Total expenses for current yearUSD $ 153,445
Total expenses for previous yearUSD $ 203,923
Other expenses in current yearUSD $ 153,445
Other expenses in previous yearUSD $ 203,923
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 56,088
Total revenue in previous fiscal yearUSD $ 85,405
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 592425541

USA Mailing Address
6600 NW 27TH AVENUE
MIAMI
FL
33147
Date first seen: 2007-12-01
Date last seen: 2024-03-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
S1 401k Lookup     VAT Lookup