2023-11-13T10:10:57-06:00 2022-12-31 833019782 STONE & COMPANY LLC 57 BEDFORD ST STE 225 LEXINGTON MA 024204443 990 2022-01-01 810687250 BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC BLAC 8573084623 ONE BEACON STREET 1500 BOSTON MA 02108 NICOLE OBI PRESIDENT & CEO 8573084623 2023-11-10 1 NICOLE OBI 999009999 0 ROBERT STRAUSS CPA P00491271 7818636300 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BECMA NICOLE OBI ONE BEACON ST SUITE 1500 BOSTON MA 02108 4157091 0 X HTTPS://WWW.BECMA.ORG/ X 2015 MA TO ADVANCE THE ECONOMIC WELL-BEING OF BLACK BUSINESSES, ORGANIZATIONS & RESIDENTS IN MA. 13 12 16 40 0 0 1796050 3763976 0 393115 0 0 -275405 0 1520645 4157091 0 163450 0 0 521610 1378326 0 0 306485 1032232 1491964 1553842 3033740 -33197 1123351 1534310 2847852 316641 506832 1217669 2341020 BECMA'S MISSION IS TO ADVANCE THE ECONOMIC WELL-BEING OF BLACK BUSINESSES, ORGANIZATIONS, AND RESIDENTS IN MASSACHUSETTS THROUGH ADVOCACY, BUSINESS AND LEADERSHIP DEVELOPMENT, AND STRATEGIC PARTNERSHIPS. 0 0 2140858 163450 36388 SUPPORTS MASS BASED BLACK LED FIRMS VIA GRANTS, BACK-OFFICE SUPPORT, AND DIGITAL SOLUTIONS. ADVOCATES FOR ACCESS TO ADEQUATE & AFFORDABLE CAPITAL, EQUITABLE PROCUREMENT AND INCLUSIVE WORKFORCE DEVELOPMENT. 2140858 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 1 16 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X NICOLE OBI 8573084623 ONE BEACON ST SUITE 1500 BOSTON MA 02108 TERI WILLIAMS BOARD CHAIR 1.00 X X 0 0 0 LAMONT CLEMONS TREASURER 1.00 X X 0 0 0 CHIDERAH OKOYE CLERK 1.00 X 0 0 0 NICOLE OBI PRESIDENT & CEO 40.00 X 185209 0 17089 CHARRAN FISHER DIRECTOR 1.00 X 0 0 0 DALIDA ROCHA DIRECTOR 1.00 X 0 0 0 FARRAH BELIZAIRE DIRECTOR 1.00 X 0 0 0 GARY EVEE DIRECTOR 1.00 X 0 0 0 HERBY DUVERNE DIRECTOR 1.00 X 0 0 0 KEITH CHANEY DIRECTOR 1.00 X 0 0 0 REGINALD NUNNALLY DIRECTOR 1.00 X X 0 0 0 TERRYL CALLOWAY DIRECTOR 1.00 X 0 0 0 JC BURTON DIRECTOR 1.00 X 0 0 0 185209 0 17089 1 0 1 0 0 75214 3688762 3763976 EVENT SPONSORSHIP 356727 356727 PROGRAM REVENUE 36388 36388 393115 4157091 393115 0 0 163450 163450 1221686 839499 216614 165573 54742 37617 9706 7419 101898 70021 18067 13810 102967 2865 97412 2690 87415 60352 16259 10804 93491 66399 23541 3551 43480 29878 7709 5893 154469 93858 59853 758 2768 2768 OUTSIDE SERVICE 487489 302125 98993 86371 PROGRAM AND EVENTS 424868 424868 SUPPLIES 44087 30377 7817 5893 BOOKS, SUBSCRIPTIONS, R 25129 11439 11566 2124 25801 8110 16092 1599 3033740 2140858 586397 306485 1512988 1165412 14000 1670607 5927 10438 1395 1395 1534310 2847852 203376 373123 87100 87100 26165 46609 316641 506832 X 1057683 562342 159986 1778678 1217669 2341020 1534310 2847852 X 1123351 289018 -289018 X 0 1 X 1 0 X 93957 137808 1644414 1600651 4446109 7922939 93957 137808 1644414 1600651 4446109 7922939 0 0 0 7922939 979 7137 0 8116 979 7137 8116 94936 144945 1644414 1600651 4446109 7931055 0.99900 0.99640 0.00100 0.00360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 UNEARNED REVENUE 46609 46609 X 4446109 289018 289018 4157091 0 4157091 3322758 289018 289018 3033740 0 3033740 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ORGANIZATION DOES NOT RECORD A PROVISION FOR INCOME TAXES. THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION; THEREFORE, CONTRIBUTIONS MADE TO THE ORGANIZATION ARE DEDUCTIBLE BY DONORS AS PROVIDED IN SECTION 170 OF THE INTERNAL REVENUE CODE. 1 BLACK OWNED BOSTON LLC 623 TREMONT ST BOSTON MA 02118 852480956 6500 0 RETAIL INCUBATION PROGRAM SPONSORSHIP BENJAMIN FRANKLIN INSTITUTE OF TECHNOLOGY 41 BERKELEY ST BOSTON MA 02116 042103576 75000 0 EDUCATIONAL OPPORTUNITIES 0 0 0 0 0 0 0 0 0 NICOLE OBI PRESIDENT & CEO 185209 0 0 0 0 0 8069 0 9020 0 202298 0 0 0 X DISCOUNTED AV SERVICES FROM MASS CONVENTION CENTER 0 166758 FAIR MARKET VALUE X VENUE RENTAL 0 122260 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND ACCOMPANYING SCHEDULES ARE REVIEWED BY THE CEO AND OUTSOURCED ACCOUNTANT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO ANNUALLY ACKNOWLEDGE THEIR UNDERSTANDING OF AND AGREEMENT TO BECMA'S CONFLICT OF INTEREST POLICY AND ITS CODE OF ETHICS BY SIGNING A COPY OF BOTH POLICIES. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND DETERMINES APPROPRIATE ACTION WITH RESPECT TO ANY CONCERNS REGARDING CODE OF ETHICS VIOLATIONS THAT ARE BROUGHT TO ITS ATTENTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVE A BUDGET THAT INCLUDES COMPENSATION FOR TOP MANAGEMENT OFFICIALS. THE ORGANIZATION THEN NEGOTIATES A PACKAGE BASED ON APPROVED BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE ORGANIZATION'S FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE ON THE MA NONPROFIT WEBSITE. FORM 990, PART XI, LINE 9: DONATED SERVICES -289,018.