Our mission is to create business opportunities for small disadvantaged minority businesses and create relationships between the corporate members and small businesses. The final result is to add economic value to the diversity supply chain while increasing monetary opportunities for the small business community.

$24K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990-EZIndependent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990-EZ
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Pay to officers and key staff
$24K
to officers and key staff
No data yet: the filing does not give pay as a share of spending.
Pt VII · Sec A
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56K
-83% vs prior year
Net assets
$39K
By yearFY2020–FY2022
Revenue
$56K
FY2022▼ -83%
Tap a bar for its year
Revenue by fiscal year
FY2020$113K
FY2021$322K
FY2022$56K
Net assets
$39K
FY2022▼ -77%
Tap a bar for its year
Net assets by fiscal year
FY2020$589
FY2021$170K
FY2022$39K

From the FY2022 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Jun 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

2 people listed on the 990-EZ; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
$24,000Pt VII · Sec A
$0Pt VII · Sec A

Jereatha Miranda Nichols’s $24K as President & CEO is at the 62nd percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Jereatha Miranda Nichols$24,000$15,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

Connects minority businesses with corporations to boost economic diversity.

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Provided by the organization

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1 program · $152K · in their own filed words · FY2020
01

Provided food to the homeless, educated the parents on computer skills, help business apply for small business funding, educated business owners on how to create business plans. Also, created programs for the students/youth that will enhance their understanding and interest in politics and connect them to various industries.

$152Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$14K

By the numbers

The FY2022 990-EZ, line by line.

1The main four
Money in
$56K
Other income$56K
Owns and owes
$39K
net assets
People
2
listed
Paid1
2In more detail
Revenue in detail
Other income$56K
Total revenue$56K
Assets in detailEnd of year
Net assets$39K
Operations
Employees0
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $56K$39K 990 PDF
FY2021 $322K$152K$170K$170K 990 PDF
FY2020 $113K$589 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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