Expanding Black Business
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
-1.5% YoY
Revenue
$158K
-32.4% YoY
Net Investment Income
$98K
+17.4% YoY
Expenses
$324K
+422.7% YoY
About Expanding Black Business
Based on IRS filings
Expanding Black Business is a nonprofit organization focused on Community Improvement & Capacity Building, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.0M in total assets. Net investment income was $98K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,999,195 | $10,151,005 | $9,968,394 |
| Revenue | $157,761 | $233,260 | $187,892 |
| Expenses | $323,727 | $61,934 | $274,416 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $97,761 | $83,272 | $19,987 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bill Bynum | Chairman | 1 | — |
| Mary Houghton | President | 1 | — |
| Brian Argrett | Treasurer | 1 | — |
| Derric Hicks | Director | 1 | — |
| Dorothy Bridges | Director | 1 | — |
| Dan Betancourt | Director | 1 | — |
| Ellis Carr | Director | 1 | — |
| Kurt Chilcott | Director | 1 | — |
| Lee Winslett | Director | 1 | — |
| Saurabh Narain | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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