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.
Expanding Black Business at a glance
- Total assets
- $9,781,351
- -2.2% vs 2024
- Revenue (2025)
- $159,267
- +1.0% vs 2024
- Net investment income (2025)
- $99,267
- +1.5% vs 2024
- Expenses (2025)
- $354,843
- +9.6% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Expanding Black Business funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $248K (2022) to $3.5M (2020). In 2022 it made 1 grant totaling $248K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Black Vision Fund LLC Chicago, IL | To make loans to certain Community Development Financial Institutions. | $248,054 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $9,781,351 | $159,267 | $354,843 | — | — | $99,267 |
| 2024 | $9,999,195 | $157,761 | $323,727 | — | — | $97,761 |
| 2023 | $10,151,005 | $233,260 | $61,934 | — | — | $83,272 |
| 2022 | $9,968,394 | $187,892 | $274,416 | $248,054 | 1 | $19,987 |
| 2021 | $10,055,312 | $31,063 | $117,704 | — | — | $12,365 |
| 2020 | $10,146,056 | $13,649,834 | $3,521,900 | $3,500,000 | 7 | $3,234 |
About Expanding Black Business
Based on IRS filings
Expanding Black Business is a public charity focused on Community Improvement & Capacity Building, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $9.8M in total assets. Net investment income was $99K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Expanding Black Business is led by Mary Houghton, President on every filing since 2020; none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mary Houghton
President
On filings since 2020
8 hrs/week
No compensation reported
Bill Bynum
Chairman
Chair of the Board → Chairman, 2022
On filings since 2020
1 hr/week
No compensation reported
Dan Betancourt
Director
On filings since 2020
1 hr/week
No compensation reported
Lee Winslett
Director
On filings since 2020
1 hr/week
No compensation reported
Saurabh Narain
Director
On filings since 2020
1 hr/week
No compensation reported
Dorothy Bridges
Director
On filings since 2022
1 hr/week
No compensation reported
Ellis Carr
Director
On filings since 2023
1 hr/week
No compensation reported
Derric Hicks
Director
On filings since 2024
1 hr/week
No compensation reported
Andre Perry
Director
New on the 2025 filing
1 hr/week
No compensation reported
Greg Ratliff
Director
New on the 2025 filing
1 hr/week
No compensation reported
Melissa Bradey
Director
New on the 2025 filing
1 hr/week
No compensation reported
Ray Gilley
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brian Argrett
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (6)
- Former: Kurt Chilcott (2020–2024) — Director
- Former: Alfredo Martel (2020–2023) — Director
- Former: Connie Evans (2020–2023) — Director
- Former: Inez Long (2020–2023) — Director
- Former: Victor Elmore (2020–2023) — Director
- Former: Gary Cunningham (2020–2022) — Vice Chair
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Expanding Black Business
How large is Expanding Black Business?
Expanding Black Business reported $9.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $159K.
What is Expanding Black Business?
Expanding Black Business is a public charity focused on Community Improvement & Capacity Building, based in Chicago, IL. It holds $9.8M in total assets as of 2025.
Where does Expanding Black Business operate?
Expanding Black Business has awarded grants in District of Columbia, Florida, Illinois, Minnesota, Mississippi, Pennsylvania, Texas.
What is Expanding Black Business's EIN?
Expanding Black Business's EIN (Employer Identification Number) is 81-5173829. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990 for fiscal year 2020 (received by the IRS October 6, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS August 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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