Overview
What is Black Ambition Opportunity Inc?
Black Ambition Opportunity Inc, based in Miami, Florida, is a nonprofit organization dedicated to bridging the racial wealth gap by increasing economic opportunities for Black and Latino communities through entrepreneurship. They focus on providing financial support to early-stage businesses and entrepreneurs with diverse teams that have made progress against their concept but have not raised more than $1 million in dilutive funding. By prioritizing diverse teams and entrepreneurs with limited funding, the program aims to eliminate prejudice and discrimination from the business startup process and mitigate its past effects. Black Ambition Opportunity Inc has a team of six employees working towards this mission.
Official website here: www.blackambitionprize.com
Is Black Ambition Opportunity Inc legitimate?
Black Ambition Opportunity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Ambition Opportunity Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $183,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,468
For more financial information, click here
Official website here: www.blackambitionprize.com
What is the mission statement of Black Ambition Opportunity Inc?
Black Ambition Opportunity Inc is dedicated to bridging the racial wealth gap and providing increased economic opportunities to Black and Latino communities through entrepreneurship. They accomplish this by expanding the pipeline of diverse entrepreneurs and boosting the number of historically excluded entrepreneurs who achieve success in raising necessary startup capital. The organization offers financial support to early-stage businesses and entrepreneurs with diverse teams that have demonstrated progress against their concept but have yet to secure more than $1 million in dilutive funding. Black Ambition's focus on diverse teams with limited funding works towards eliminating prejudice and discrimination from the business startup process while mitigating its past effects to promote social welfare.
Official website here: www.blackambitionprize.com
Who is the CEO of Black Ambition Opportunity Inc?
Ron Laffitte is the Ceo of Black Ambition Opportunity Inc. The CEO's salary of Black Ambition Opportunity Inc is $183,006 and their total compensation is $183,006.
Official website here: www.blackambitionprize.com
What is the revenue of Black Ambition Opportunity Inc?
Black Ambition Opportunity Inc's revenue in 2022 was $15,514,312.
Official website here: www.blackambitionprize.com
Who are the executives of Black Ambition Opportunity Inc and what are their salaries?
The average compensation at Black Ambition Opportunity Inc during 2022 was $67,579. There are 6 employees at Black Ambition Opportunity Inc.
Here are 6 key members and their salaries (Black Ambition Opportunity Inc's CEO's salary is $183,006 and their total compensation is $183,006):
- Felicia Hatcher (Ceo)
- Ron Laffitte (Treasurer) [Trustee/Director]
- Helen Lasichanh (Director)
- Carolyn Williams (Director)
- Pharaoh Williams (Director)
- Pharrell Williams (Director & C)
Official website here: www.blackambitionprize.com
Where can I find the form 990 for Black Ambition Opportunity Inc?
The Black Ambition Opportunity Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.blackambitionprize.com
Learn more at the official website: www.blackambitionprize.com
Mission Statement of Black Ambition Opportunity Inc
Black Ambition Opportunity Inc, a nonprofit organization, is dedicated to extending economic opportunities to Black and Latino communities and bridging the racial wealth gap through entrepreneurship. By focusing on the pipeline of diverse entrepreneurs and increasing the number of historically excluded entrepreneurs who successfully raise necessary startup capital, the organization aims to make a significant impact.
The mission of Black Ambition Opportunity Inc is twofold. Firstly, it endeavors to expand economic prospects for Black and Latino communities by fostering entrepreneurship. Secondly, it strives to bridge the racial wealth gap. The organization achieves this by providing financial support to early-stage businesses and entrepreneurs, composed of diverse teams, that have made progress with their concepts but have not yet raised more than one million dollars in dilutive funding.
Black Ambition Opportunity Inc promotes social welfare by eliminating prejudice and discrimination from the business startup process. The program mitigates the past effects of prejudice and discrimination by focusing on diverse teams of entrepreneurs who often face funding challenges. Through its efforts, the organization works towards creating a more equitable business environment, where merit and innovation are the primary factors in the success of a business.
Impact
This information is meant to be a general summary of Black Ambition Opportunity Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Black Ambition Opportunity Inc is making a significant impact by increasing economic opportunities for Black and Latinx communities and bridging the racial wealth gap through its focus on promoting entrepreneurship. The organization is actively working to expand the pipeline of diverse entrepreneurs and providing support to historically excluded entrepreneurs who have demonstrated progress in their ventures. By awarding financial support to early-stage businesses and entrepreneurs with diverse teams, Black Ambition Opportunity is fostering innovation and empowerment within underrepresented communities.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2020
Phone
(310) 229-0371
Principal Officer
Ron Laffitte
Main Address
360 NW 27TH STREET, MIAMI, FL, 33127
Website
www.blackambitionprize.com
NTEE Category
Code: R30 - Civil rights
If you are a representative of Black Ambition Opportunity Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.