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Passes our checks

Virginia Alliance for Business Commerce and Communities Foundatio

EIN 85-0797003 · Fredericksbrg, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak30 out of 100GovernanceGood71 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.
  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

SEE SCH O

Income
$213,418
Spending
$176,862
Spent on programs
88%
Reserves
-4.3 months of spending
Largest source of income
fees for its services, 85%
Employees
1
Highest pay
$53,650, founder- president -treasurer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 30 out of 100. Higher than 9% of charities in its peer group (community improvement, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 931% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 17% of income.

  • Income trend

    0 of 15

    Income fell 31% on the year before.

  • Spending floor

    15 of 15

    88% of spending went to programs and raising each dollar of donations cost 7 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 71 out of 100. Higher than 58% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    7 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (6)
  1. $86,153 spent. ENTREPRENEURSHIP & SMALL BUSINESS DEVELOPMENT A NETOWKRING INITIATIVE THAT BRIDGES THE GAP IN WEALTH BY CONNECTING BLACK OWNED BUSINESSES TO CONSUMERS THROUGHOUT THE COMMUNITY.
  2. $40,373 spent. EDUCATION & TRAINING PROGRAM TO ENCOURAGE NEW BUSINESS OWNERS AND HELP FURTHER BLACK BUSINESSES.
  3. $14,961 spent. VA BLACK BUSINESS DIRECTORY ORGANIZATIONS AND BUSINESSES ARE LISTED IN THE DIRECTORY. THE VABBD HAS CONTINUED TO INCREASE BUSINESS MEMBERSHIP THROUGH VARIOUS OPPORTUNITIES
  4. $12,750 spent. COMMUNITY ENGAGMENT AND PROFESSIONAL NETWORKINGTO ENCOURGAGE BUSINESS NETWORKING AND PROMOTE BLACK TOURISM
  5. $1,197 spent. BLACK TOURISMTO INCREASE BLACK TOURISM TO THE RICHMOND AREA
  6. WOMENS PROGRAMSTO HELP WOMAN BUSINESS OWNERS ACCELERATE AND ACHIEVE BUSINESS SUCCESS

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.