2025-08-07T13:38:15-05:00 2024-12-31 823736106 POZERSKI HATCH & COMPANY 100 LEDGEWOOD PLACE SUITE 304 ROCKLAND MA 02370 990 2024-01-01 810687250 BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC BLAC 8573084623 1234 COLUMBUS AVE BUILDING 3 ROXBURY CROSSING MA 02120 NICOLE OBI PRESIDENT 6174701665 2025-08-05 1 1 TRACI L POZERSKI CPA P00415905 7814801430 2025-08-05 2024 2025-03-06 01:10:19Z X NICOLE OBI 1234 COLUMBUS AVE BUILDING 3 ROXBURY CROSSING MA 02120 5854411 0 X HTTPS://WWW.BECMA.ORG/ X 2015 MA TO ADVANCE THE ECONOMIC WELL-BEING OF BLACK BUSINESSES, ORGANIZATIONS & RESIDENTS IN MA. 10 10 22 12 -2033 0 3754949 4842685 597698 962194 8125 42871 0 -1926 4360772 5845824 708356 447431 0 0 1860170 2237247 0 0 563904 2282206 2565082 4850732 5249760 -489960 596064 3424866 4202825 1573806 1755701 1851060 2447124 X 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. 1 0 3839193 447431 955299 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. 6895 THROUGH ONE OF THEIR WHOLLY-OWNED SUBSIDIARIES, BCI, THE ORGANIZATION MAKES LOANS TO MEMBERS OF THE COMMUNITY THEY SERVE. BCI HAS AN INVESTMENT COMMITTEE THAT REVIEWS THE APPLICATIONS AND DUE DILIGENCE PACKETS OF EACH ENTITY THAT APPLIES FOR A LOAN, AND THAT THE COMMITTEE CONSISTS OF SIX MEMBERS WITH EXTENSIVE EXPERIENCE. IN 2024, THE ORGANIZATION ISSUED SIX LOANS TOTALING $540,412 AND RECORDED INTEREST INCOME FROM THESE LOANS OF $6,895. 3839193 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 62 0 1 22 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 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 6174701665 1234 COLUMBUS AVE BUILDING 3 ROXBURY CROSSING MA 02120 NICOLE OBI PRESIDENT AND CEO 40.00 X X 280664 0 39315 LAMONT CLEMONS TREASURER 1.00 X X 0 0 0 CHIDERAH OKOYE CLERK 1.00 X X 0 0 0 CHARRAN FISHER DIRECTOR 1.00 X 0 0 0 DALIDA ROCHA DIRECTOR (THRU JULY 2024) 1.00 X 0 0 0 GARY EVEE DIRECTOR (THRU DECEMBER 2024) 1.00 X 0 0 0 HERBY DUVERNE BOARD CHAIR 1.00 X X 0 0 0 MICHELE COURTON BROWN DIRECTOR 1.00 X 0 0 0 KEITH CHANEY DIRECTOR (THRU JULY 2024) 1.00 X 0 0 0 CAROLE MONTGOMERY DIRECTOR (THRU MARCH 2024) 1.00 X 0 0 0 HILINA D AJAKAIYE DIRECTOR 1.00 X 0 0 0 DAREN BASCOME DIRECTOR 1.00 X 0 0 0 DANA MENDENHALL DIRECTOR 1.00 X 0 0 0 TOM SANDS DIRECTOR 1.00 X 0 0 0 KRYSTAL CUMMINGS CHIEF OF PEOPLE AND CULTURE 40.00 X 123005 0 18031 MACKENSON CHARLES CHIEF OF MEMBERSHIP PROGRAMS 40.00 X 117068 0 16286 TRACYE WHITFIELD DIRECTOR OF CEE PROGRAM 40.00 X 135545 0 5385 XAVIER ANDREWS CHIEF OF COMMUNICATIONS & MARKETING 40.00 X 131534 0 11964 787816 0 90981 7 0 1 0 ROSEMARK PRODUCTION LLC 143 DECOTA DRIVE STOUGHTON MA 02072 EVENT EXPENSE, MBE 214541 1 152183 553499 4137003 99293 4842685 EVENT SPONSORSHIP 900099 748866 748866 PROGRAM REVENUE 900099 206433 206433 BCI LOAN INTEREST 900099 6895 6895 962194 43422 43422 5296 7329 -2033 -2033 -2033 707 1258 -551 -551 -551 MISC REVENUE 900099 107 107 107 5845824 962194 -2033 42978 447431 447431 319980 175989 89594 54397 1663383 1198790 220321 244272 14565 11891 724 1950 73538 55175 7859 10504 165781 115392 25490 24899 45160 45160 108232 108232 21860 6967 13647 1246 40341 22141 2404 15796 24896 6283 14799 3814 51542 35876 7925 7741 83095 39644 37287 6164 PROGRAMS AND EVENTS 1085405 1008509 5259 71637 OUTSIDE SERVICES 927428 629773 190926 106729 DUES AND SUBSCRIPTIONS 76084 28925 44576 2583 SUPPLIES 65714 45740 10104 9870 35325 10667 22356 2302 5249760 3839193 846663 563904 2015238 1314405 1270428 716256 0 304581 0 67500 0 256695 80576 31299 1505363 1568 0 1503795 58624 8294 3424866 4202825 755234 709942 0 62503 0 892062 87100 87100 731472 4094 1573806 1755701 X 504652 1464977 1346408 982147 1851060 2447124 3424866 4202825 596064 0 X X 0 1 X 1 0 X 1637764 1796050 3763976 3754949 4842685 15795424 1637764 1796050 3763976 3754949 4842685 15795424 3111741 12683683 8125 55169 63294 15858718 1952762 0.79980 0.99940 X PART II LINE 1 THE PRIOR YEARS FORM 990 WAS PREPARED USING THE SUPPORT SCHEDULE IN PART III FOR 509(A)(2) ORGANIZATIONS. PER THE IRS DETERMINATION LETTER, THE ORGANIZATION SHOULD BE PREPARING THE SUPPORT TEST IN PART II AS THEY ARE A 170(B)(1)(A)(IV) ORGANIZATION. IN ADDITION, THE AMOUNTS ON THE PRIOR YEAR SUPPORT SCHEDULES WERE MISSTATED. THE CURRENT YEAR SCHEDULE A HAS CORRECTED THESE FIGURES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1189 77502 78691 5171069 5249760 412488 103122 0 0 412488 412488 618732 78691 78691 103122 103122 154683 1189 1189 1505363 1568 1503795 1503795 LEASE LIABILITY 4094 4094 6300446 447293 447293 5853153 -7329 -7329 5845824 5704382 447293 7329 454622 5249760 0 5249760 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -7,329. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 7,329. 1 AFFECTUS STRATEGIES INC 193 NORFOLK STREET BOSTON MA 02124 853138169 7500 0 BACK OFFICE SUPPORT SERVICES L & M HOSPITALITY GROUP 459 DWIGHT STREET SPRINGFIELD MA 01103 874202945 10000 0 BACK OFFICE SUPPORT SERVICES JGJ DESIGNS PO BOX 125 BOSTON MA 021310001 812604741 8425 0 BACK OFFICE SUPPORT SERVICES INTRIGUING HAIR LLC 82 FAIRMOUNT AVENUE BOSTON MA 02136 463403868 10000 0 BACK OFFICE SUPPORT SERVICES GOURMET KITCHEN 78 BEACH ST REVERE MA 02151 870983380 10000 0 BACK OFFICE SUPPORT SERVICES FIRST SEED SOWN SALES AND MARKETING LLC 581 FELLSWAY MALDEN MA 02148 931719456 10000 0 BACK OFFICE SUPPORT SERVICES THE WILLIAMS AGENCY 144A MOUNT AUBURN STREET CAMBRIDGE MA 02138 043101701 10000 0 BACK OFFICE SUPPORT SERVICES CARING MEDICAL STAFFING LLC 34 COMO DRIVE CHICOPEE MA 01020 088377624 10000 0 BACK OFFICE SUPPORT SERVICES BUTTERFLY FALAFEL 1420 TREMONT BOSTON MA 02120 473305392 20000 0 BACK OFFICE SUPPORT SERVICES MALCOLM CONTRACTING SERVICES LLC 551 TALBOT AVE DORCHESTER MA 02124 464879840 17000 0 BACK OFFICE SUPPORT SERVICES BRILLA LIFE SCIENCES LLC 5 CABOT ROAD UNIT 447 MEDFORD MA 02155 922449920 7050 0 BACK OFFICE SUPPORT SERVICES BOLD SKIN BABE 771 HARRISON AVE UNIT 203 BOSTON MA 02118 861369859 9000 0 BACK OFFICE SUPPORT SERVICES BAR AND KITCHEN HOSPITALITY INC 604 COLUMBUS AVENUE BOSTON MA 02118 825111018 20000 0 BACK OFFICE SUPPORT SERVICES MARTHA'S VINEYARD BLACK OWNED BUSINESS DIRECTORY PO BOX 4861 VINEYARD HAVEN MA 02568 452250340 10000 0 BACK OFFICE SUPPORT SERVICES THE DAVIS SYSTEM PO BOX 365522 HYDE PARK MA 02136 882578388 7500 0 BACK OFFICE SUPPORT SERVICES BOSTON PROFESSIONAL SOUND INC 4228 WASHINGTON ST BOSTON MA 02131 814966504 10000 0 BACK OFFICE SUPPORT SERVICES MAXEYMIZE PR 57 OLD MORTON STREET BOSTON MA 02126 BOSTON MA 02126 883543906 10000 0 BACK OFFICE SUPPORT SERVICES ANDRE KING 175 GRESHAM STREET SPRINGFIELD MA 01119 001756652 7200 0 ELECTRIC VEHICLE PROGRAMMING AMADO ENERGY SOLUTIONS 26 BEVERLY CIRCLE ATTLEBORO MA 02703 852096149 8701 0 ELECTRIC VEHICLE PROGRAMMING OBI IBETO - EPINEC 60 STONE ROAD BELMONT MA 02478 372016310 14000 0 ELECTRIC VEHICLE PROGRAMMING PRIVE PARKING LLC 409 DUDLEY STREET BOSTON MA 02119 461207321 5208 0 EVENT SPONSORSHIP ROZKI RIDESLLC 9 BOWDOIN STREET SPRINGFIELD MA 01109 841868520 11300 0 FUNDRAISING CAMPAIGN WITH LONGFELLOW/PASSTHROUGH GRANT WASHTONE MEDIA LLC 163 HIGHLAND AVENUE NEEDHAM MA 02494 844723008 10000 0 SUPPLIER DIVERSITY BLACKBIZ DEVELOPMENT GROUP LLC 50 LINWOOD STREET BOSTON MA 02119 854400916 12500 0 SUPPLIER DIVERSITY QUINCY HOME HEALTH CARE CORPORATION 124 WARD STREET ROXBURY MA 02120 920570165 10000 0 SUPPLIER DIVERSITY KKRY ENTERPRISE LLC 1660 SOLDIERS FIELD ROAD BRIGHTON MA 02135 872619196 10000 0 SUPPLIER DIVERSITY LOGWOOD COMPANY LLC S-CORP 832 CENTRE STREET BROCKTON MA 02302 272808078 20000 0 SUPPLIER DIVERSITY COASTAL CONSTRUCTION CO PO BOX 2271 BROCKTON MA 02301 031629679 10000 0 SUPPLIER DIVERSITY 28 PART I, LINE 2: THE PROGRAM TEAM MAINTAINS COMMUNICATION WITH ALL OF IT'S GRANT RECIPIENTS AND RECEIVES FOLLOW UP INFORMATION ON HOW THE GRANT FUNDS HAVE IMPACTED THEIR BUSINESS. X X X 0 0 0 0 0 0 0 0 0 NICOLE OBI PRESIDENT AND CEO 255664 0 25000 0 0 0 12004 0 27311 0 319979 0 0 0 KEITH CHANEY FORMER BOARD MEMBER WHO STEPPED DOWN FROM BOARD PRIOR TO RECEIVING LOAN. SMALL BUSINESS CAPITAL TO PARTIALLY SUPPORT PURCHASE ORDER FUNDING X 67500 67500 0 1 1 67500 HERBY DUVERNEWINDWALKER SECURITY COMPANY IS OWNED BY A BOARD MEMBER. 3562 THE ORGANIZATION UTILIZED A PREFERRED VENDOR OF THE CONVENTION CENTER FOR SECURITY AT MBE, AND IT IS THE COMPANY OF A BOARD MEMBER. 0 X 1 99293 AVERAGE TRADING PRICE 0 0 0 0 FORM 990, PART III, LINE 2 DURING 2024, THE ORGANIZATION BEGAN MAKING LOANS TO BLACK OWNED BUSINESSES THROUGH THE BECMA COMMUNITY INVESTMENTS LLC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND ACCOMPANYING SCHEDULES ARE REVIEWED BY THE CEO AND OUTSOURCED ACCOUNTANT BEFORE FILING. THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FULL 990 PRIOR TO 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 EXEUCTIVE 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 APPROVES THE COMPENSATION OF THE CEO AT THE TIME OF HIRE AND THEN REVIEWS ANNUALLY THEREAFTER. THE BOARD UTILIZES A VARIETY OF RESOURCES TO DETERMINE APPROPRIATE COMPENSATION, WHICH MAY INCLUDE 990'S OF OTHER SIMILAR ORGANIZATIONS, PERFORMANCE REVIEW DATA, OTHER INDUSTRY DATA. THE PROCESS IS DOCUMENTED AND LAST OCCURRED IN FY24. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE ORGANIZATION'S FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE ON THE MA NONPROFIT WEBSITE. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. BECMA COMMUNITY INVESTMENTS LLC 1 BEACON STREET BOSTON MA 02108 923543183 LOANS FUNDS TO BLACK OWNED BUSINESSES MA 376895 356269 BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC BECMA INVESTMENT MANAGEMENT LLC 1 BEACON STREET BOSTON MA 02108 923695957 PROVIDE OVERSIGHT AND GUIDANCE TO BCI MA 0 0 BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC