Black Wall Street Avl
Honoring History, Building Wealth Together
Black Wall Street Avl
EIN: 87-1330821
Mission
To START, GROW and EXPAND Black Business and help revitalize black Wall Street.
Ruling year
2022
Principal Officer
Joseph Hackett
Co-Founder/Executive Director
Bruce Waller Jr
Main address
346 Depot St
Asheville, NC 28801 USA
EIN
87-1330821
Economics
Sustainable development
Cultural rights
Economic justice
Ethnic and racial minority rights
Population served
Adolescents
Young adults
People of African descent
Multiracial people
Low-income people
NTEE code
Urban, Community (S31)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990-N.
Communication
Programs and results
What we aim to solve
The need for support of Black entrepreneurship in Asheville, NC is driven by challenges faced by Black business owners including limited access to capital, limited resources and networks, and discrimination. Supporting Black entrepreneurs addresses these challenges and helps build a more equitable and vibrant local economy. Empowering Black entrepreneurs with resources and opportunities is crucial for overcoming challenges and achieving success.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Business Incubation
We help local Black entrepreneurs scale their businesses by assisting them in securing state incorporation and other paperwork. We provide business coaching for them to set goals, imagine and create their company's vision, growth and development, and put strategies into action. We also connect them with potential partners to build their network.
Where we work
External reviews
Photos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of businesses developed
This metric is no longer tracked.Totals By Year
Related Program
Business Incubation
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
To start, grow and expand black businesses, owners, and networks, and revitalize the Black Wall Street in Asheville by providing them with the resources, networks, and opportunities they need to create and develop successful businesses, with the ultimate goal of addressing disparities and building a more equitable and vibrant local economy.
What are the organization's key strategies for making this happen?
Cultivate relationships
Connect with stakeholders
Collaborate in projects
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
Financials
Financial data
Black Wall Street Avl
Revenue & expensesFiscal Year: 2022
SOURCE: Self-reported by organization
| Revenue | |
|---|---|
| Contributions, Grants, Gifts | $55,750 |
| Program Services | $0 |
| Membership Dues | $0 |
| Special Events | $5,700 |
| Other Revenue | $0 |
| Total Revenue | $61,450 |
| Expenses | |
|---|---|
| Program Services | $24,619 |
| Administration | $5,000 |
| Fundraising | $0 |
| Payments to Affiliates | $0 |
| Other Expenses | $0 |
| Total Expenses | $29,619 |
Black Wall Street Avl
Balance sheetFiscal Year: 2022
SOURCE: Self-reported by organization
| Assets | |
|---|---|
| Total Assets | $61,450 |
| Liabilities | |
|---|---|
| Total Liabilities | $29,619 |
| Fund balance (EOY) | |
|---|---|
| Net Assets | $31,831 |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Principal Officer
Joseph Hackett
Experienced Executive Director with a demonstrated history of working in the community and economic development field. Specializing in hi-growth sustainability and turnaround. Skilled in Nonprofit Organizations, Cultural Diversity, Strategic Planning, Public Speaking, and Executive Management. Strong business development professional with a Master of Business Administration - MBA focused in Social Entrepreneurship from Lenoir-Rhyne University.
Co-Founder/Executive Director
Bruce Waller
There are no officers, directors or key employees recorded for this organization
There are no highest paid employees recorded for this organization.
Black Wall Street Avl
Board of directorsas of 02/02/2023
Board of directors data
Joseph Hackett
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
The organization's co-leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data
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