Public Charity

BAC Funding Corporation

BAC Funding Corporation is a nonprofit organization categorized as Public Charity based in MIAMI, FL. Its most recent IRS filing (2024) reports revenue of $3.9M, expenses of $3.8M, total assets of $11.9M. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $48K.

EIN: 592196535 MIAMI, FL Latest filing: 2024
Total Revenue$3.9M
Total Expenses$3.8M
Total Assets$11.9M
Grant Records3
Funding Total$48K
Filing Years2019–2024

Mission

BAC Funding Corporation ("BAC or Corporation"), a nonprofit organization, is an outgrowth of the Business Revitalization Action Committee of the Greater Miami Chamber of Commerce ("GMCC"). BAC was formed in April 1982, to help stimulate the economic growth of Liberty City. The objective of BAC is to develop and expand new and existing businesses for minority group residents of Miami-Dade County, Florida. These objectives are met by extending credit to new and existing businesses within Miami-Dade County, Florida.

Officers & Directors

Director Eric Knowles
Director James Dillard
Controller Jessie Houston Ii
Director John Hall
Director Leonard Garrett
Director Linda Bryant

Officer compensation and complete director data available with membership.

Top Grant Purposes

PROGRAM SUPPORT
$41,916 2 grants
UNRESTRICTED
$5,610 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.9M $3.8M $11.9M
2023 $3.9M $3.6M $13.1M
2022 $4.1M $3.6M $16.4M
2020 $4.9M $4.7M $18.9M
2019 $968K $756K $20.0M

Between 2019 and 2024, reported annual revenue grew from $968K to $3.9M (+308%), with total assets most recently reported at $11.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for BAC Funding Corporation

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