Economic Development Association for Black Communities
Public records raise at least one point you should look into before giving.
What it says it does
The Economic Development Association for Black Communities (EDABC) connects, convenes, and catalyzes people, resources, and opportunities to ensure Black communities are positioned to prosper, grow, and thrive. We serve as a critical intermediary to amplify opportunities, access, and results across the regions where our communities reside with a focus on three crucial verticals: talent, business growth and retention, and policy.
- Income
- $69,246
- Spending
- $376,377
- Highest pay
- $134,353, president
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. 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 (4)
- Workforce - EDABC's workforce efforts in 2024 emphasized leadership development and building connections between employers and talent.
- Business Growth and Retention - Through convenings and direct engagement, EDABC supported entrepreneurs and business leaders by building networks and fostering opportunities for business development. Business leaders were invited to participate in the Legislative Preview Breakfast, Coffee and Chat gatherings, and Under the Dome event as pathways to strengthen their enterprises through policy knowledge, workforce connections, and broader visibility.
- Policy- EDABC hosted a series of events and engagements aimed at ensuring Black business leaders and community stakeholders are informed, connected, and equipped to engage in the legislative process. The Legislative Preview Breakfast brought together policymakers, community leaders, and business owners to discuss upcoming legislative priorities impacting economic development in Colorado. Coffee and Chat Series were held at local coffee shops throughout the year, these informal gatherings created space for dialogue between community members, policymakers, and EDABC leadership. Under the Dome was a coordination of a day at the Colorado State Capitol where black leaders engaged directly with legislators, received education on the legislative process, and built relationships with key policymakers.
- Board Development and Governance - EDABC invested in strengthening its internal governance and leadership capacity. In 2024, the organization hosted an all-day board retreat at its headquarters, where directors engaged in discussions on board development, deepened their understanding of economic development, and collaboratively planned the organization's future work.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 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.