2024-10-22T09:13:41-00:00 2023-12-31 834557257 JAJ Tax & Accounting Services LLC 4910 NW 82nd Ave Suite 2005 Lauderhill FL 33351 990 2023-01-01 472134965 Center For Black Innovation Inc CENT 3054821832 937 NW 3rd Ave Miami FL 331363305 Derick Pearson CEO 3054821832 2024-10-22 true true Julian A Joppy EA P02098127 9547691640 2024-10-22 2023 2024-10-15 13:58:12Z Derick Pearson 937 NW 3rd Ave Miami FL 331363305 1023733 false X www.cfbi.org X 2014 FL See Schedule O. 5 5 6 50 0 811261 1007004 35306 470 537735 16259 0 1384302 1023733 41300 4000 0 413441 478911 0 0 719715 607082 1174456 1089993 209846 -66260 1357596 1212676 263480 184820 1094116 1027856 X Our mission is to eliminate the racial wealth gap by increasing the bottom line for Black business owners and expanding hiring opportunities for. Black job seekers. We achieve this through exposure to innovation pathways, scaling Black innovation ecosystems, and implementing data-driven policies to diversify existing ecosystems. false false 145593 28226 Our community space and events provided essential resources to the community including job training, educational support, and wellness programs. Through our outreach efforts and partnerships, we facilitated 1,000 hours of volunteer service, empowering underserved populations and creating lasting positive impact in our local neighborhoods. 48426 Angel Accreditation increases the number of minority-founded, venture-backed, high-growth businesses in the U.S. by identifying, cultivating and showcasing minority entrepreneurial talent connecting this talent to investment opportunities identifying and cultivating potential minority accredited investors connecting minority accredited investors to local capital markets and making targeted ecosystems inclusive and connected nationally. 56223 The DA Dorsey program provides individuals and group coaching and consulting from industry experts to culinarians and restarant owners to develop solid resilient infrastructure that generates revenue. 704282 954524 true true false false false false false false false false true false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 19 0 6 true false false false false false false false false false false false false X 5 5 true false false false false false false true true false false true true true true true true true false false X Derick Pearson 3054821832 937 NW 3rd Ave Miami FL 33136 Derick Pearson Executive Director 040.00 X X X 0 138462 0 Starex Smith Vice President 040.00 X X 0 113077 0 Felecia Hatcher Board Chair 002.00 X 0 0 0 Gerald Nieves Cairo President 002.00 X 0 0 0 Jacayla Toson Secretary 002.00 X 0 0 0 William Hatcher Board Member 002.00 X 0 0 0 251539 2 false false false Becker & Poliakoff 6767 N Wickham Rd Melbourne FL 32940 Grant Writing Services 148000 1 27756 37355 941893 1007004 Community Events 611710 470 470 16259 16259 1023733 16259 4000 4000 0 0 0 251539 223564 27975 0 188682 167927 20755 0 4788 4261 527 33902 30173 3729 6000 6000 148000 129839 21161 68200 55449 9751 0 0 81117 71474 9643 59059 56927 2132 64327 58257 6070 0 0 54010 43208 10802 71511 65980 5531 0 30191 28231 1960 0 0 13125 13125 6517 5214 1303 Dues 5025 4020 1005 0 1089993 954524 135469 0 610151 148376 39969 424975 175081 200139 441719 357971 489825 474509 26327 15316 64349 65899 1357596 1212676 113480 34820 150000 150000 263480 184820 X 952516 981356 141600 46500 1094116 1027856 1357596 1212676 -66260 X false true X true false X 671778 746642 1507958 811261 1149248 4886887 291449 113425 79668 35306 28226 548074 1 3 4 963228 860070 1587626 846567 1177474 5434965 5434965 1 3 16 16259 16279 0 1 3 16 16259 16279 0 0 963229 860073 1587626 846583 1193733 5451244 0.99700 1.00000 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 398000 398000 90700 75384 15316 1125 1125 15316 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Credit cards State unemployment Membership deposit 1193733 170000 170000 1023733 1023733 1259993 170000 170000 1089993 1089993 Scholarships 1 4000 Book Form 990, Part VI, Section A, Line 2 Felecia Hatcher has a family relationship with Derick Pearson. Form 990, Part VI, Section B, Line 11b A copy of Form 990 is provided to the organizations accounting manager who furnishes a copy to the designated board members for their review. After comments from the Board and Officers, the return is finalized. After comments and any revisions, a final copy is forwarded to the accounting manager prior to filing with the IRS. The board reviews the final copy at the first meeting after filing. Form 990, Part VI, Section B, Line 12c No employee, officer or agent of the Organization shall participate directly or indirectly in the selection or in the award or administration of any procurement if the conflict, real or apparent, would be involved. Such conflict would arise when a financial or other interest in the firm selected for award is held by 1. An employee, officer or agent involved in making the award 2. His/her relative including father, mother, son, daughter, brother, sister, uncle, aunt, first cousin, nephew, niece, husband, wife, father-in-law, mother-in-law, daughter-in-law, brother-in-law, sister-in-law, stepfather, stepmother, stepson, stepdaughter, stepbrother, stepsister, half brother, or half sister 3. His/her partner or, 4. An organization which employs, is negotiating to employ, or as an arrangement concerning prospective employment of any of the above. Form 990, Part VI, Section B, Line 15 The Board will obtain research and information to determine the compensation salary and benefits of the Executive Director based on a review of comparability data. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents and conflicts of interest policy available to the public upon request. The organizations financial statements are available upon request. Form 990, Part I, Section Summary, Line 1 Our mission is to eliminate the racial wealth gap by increasing the bottom line for Black business owners and expanding hiring opportunities for. Black job seekers. We achieve this through exposure to innovation pathways, scaling Black innovation ecosystems, and implementing data-driven policies to diversify existing ecosystems.