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AFRICAN AMERICAN BUSINESS NETWORK

VIRGINIA BCH, Virginia, 23464

EIN: 30-1133995

Community Improvement, Capacity Building

MISSION

The African American Business Network is formed to provide support for African American owned Business. The support is in the form of education, training and networking events.

 FORM 1023-EZ for AFRICAN AMERICAN BUSINESS NETWORK

DEMOGRAPHIC

ADDRESS
6308 CHESTNUT HILL RD
23464
COUNTY
virginia beach city county, VA
IN CARE OF NAME
TIMOTHY D HOLLOMAN

ORGANIZATIONAL OVERVIEW & RANKINGS

AFRICAN AMERICAN BUSINESS NETWORK is a based in VIRGINIA BCH, VA, focused on Community Improvement, Capacity Building causes , specifically Promotion of Business. Established in April 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $0.00, this ranks 1,909,181 among 2,656,690 nonprofits nationally (Top 72%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 25,130 out of 73,265 organizations in VA (Top 35%).

In virginia beach city county, VA, the organization ranks 1,175 out of 3,331 nonprofits by assets (Top 35%), while locally in virginia bch, it stands at 1,370 among 2,635 organizations (Top 52%).

The organization reported no revenue in the most recent filing period, placing it at 995,265 nationally and 21,938 in VA.

Within its specific NTEE classification (S41 - S: Community Improvement, Capacity Building), which includes 21,510 similar organizations, AFRICAN AMERICAN BUSINESS NETWORK ranks 17,789 in assets (Top 83%) and 13,001 in revenue (Top 61%).

The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S41: Promotion of Business
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
04/2020
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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