Public Charity

Expanding Black Business

Based in Chicago, IL, Expanding Black Business operates as a Public Charity. The organization reported $159K in revenue, $355K in expenses, $9.8M in total assets for fiscal year 2025. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $100K.

EIN: 815173829 Chicago, IL Urban & Community Economic Development NTEE: S31 Latest filing: 2025
Total Revenue$159K
Total Expenses$355K
Total Assets$9.8M
Grant Records1
Funding Total$100K
Filing Years2020–2025

Mission

Expanding Black Business NFP is a not-for-profit organization established to document and disseminate best practices in lending to black businesses within network and broadly; with a goal of dramatically increasing lending to black-owned businesses across the nation. The organization is supported primarily by contributions from the public.

Where $100 goes at Expanding Black Business

How Expanding Black Business divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$83 Programs the work itself
$17 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $83 for programs

$83
In 2024, the Board of the organization met three times to share best practices and funding opportunities for organizations prioritizing lending to Black owned small businesses
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2022
FINANCE JUSTICE FUND SUBGRANT
$100,000

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

Director Andre Perry
Chairman Bill Bynum
Treasurer Brian Argrett
Director Dan Betancourt
Director Derric Hicks
Director Dorothy Bridges

Officer compensation and complete director data available with membership.

Top Grant Purposes

Civil Rights & Social Justice
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $159K $355K $9.8M
2024 $158K $324K $10.0M
2023 $233K $62K $10.2M
2022 $188K $274K $10.0M
2020 $13.6M $3.5M $10.1M

Between 2020 and 2025, reported annual revenue declined from $13.6M to $159K (-99%), with total assets most recently reported at $9.8M.

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

See the full picture for Expanding Black Business

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