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ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC.

Company Details

Name: ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC.
Jurisdiction: New York
Legal type: FOREIGN NOT-FOR-PROFIT CORPORATION
Status: Active
Date of registration: 11 Apr 2002 (23 years ago)
Entity Number: 2756144
ZIP code: 10003
County: New York
Place of Formation: Indiana
Address: 23 GRAMERCY PARK SOUTH, NEW YORK, NY, United States, 10003

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2023 237156531 2024-05-09 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 36
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Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6463929877
Plan sponsor’s address 55 EXCHANGE PLACE, 4TH FLOOR, NEW YORK, NY, 10005

Signature of

Role Plan administrator
Date 2024-05-09
Name of individual signing HAJRINA SHEHU
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2022 237156531 2023-06-22 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 27
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Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6463929877
Plan sponsor’s address 55 EXCHANGE PLACE, SUITE 401, NEW YORK, NY, 10005

Signature of

Role Plan administrator
Date 2023-06-22
Name of individual signing HAJRINA SHEHU
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2021 237156531 2022-10-06 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 18
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Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6463929877
Plan sponsor’s address 55 EXCHANGE PLACE, SUITE 401, NEW YORK, NY, 10005

Signature of

Role Plan administrator
Date 2022-10-06
Name of individual signing JANET GUMBS
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2020 237156531 2021-08-27 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 18
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Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6462300306
Plan sponsor’s address 42 BROADWAY, 20TH FLOOR, NEW YORK, NY, 10004

Signature of

Role Plan administrator
Date 2021-08-27
Name of individual signing JANET GUMBS
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2019 237156531 2020-10-09 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6462300306
Plan sponsor’s address 55 EXCHANGE PLACE, SUITE 401, NEW YORK, NY, 10005

Signature of

Role Plan administrator
Date 2020-10-09
Name of individual signing JANET GUMBS
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2018 237156531 2019-10-07 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 16
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6463929877
Plan sponsor’s address 42 BROADWAY, 20TH FLOOR, NEW YORK, NY, 10004

Signature of

Role Plan administrator
Date 2019-10-07
Name of individual signing JANET GUMBS
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2017 237156531 2018-10-02 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 11
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6462300306
Plan sponsor’s address 42 BROADWAY, 20TH FLOOR, NEW YORK, NY, 10004

Signature of

Role Plan administrator
Date 2018-10-02
Name of individual signing JANET GUMBS
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2016 237156531 2017-10-12 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 10
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6462300306
Plan sponsor’s address 42 BROADWAY, 20TH FLOOR, NEW YORK, NY, 10004

Signature of

Role Plan administrator
Date 2017-10-12
Name of individual signing JANET GUMBS
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2015 237156531 2016-10-12 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. 10
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Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6462300306
Plan sponsor’s address 333 7TH AVE, 14TH FLOOR, NEW YORK, NY, 10001

Signature of

Role Plan administrator
Date 2016-10-12
Name of individual signing JANET GUMBS
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES 401(K) PROFIT SHARING PLAN & TRUST 2009 237156531 2010-05-11 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES 4
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 813000
Sponsor’s telephone number 6462300309
Plan sponsor’s DBA name ABFE
Plan sponsor’s mailing address 55 EXCHANGE PLACE, SUITE 503, NEW YORK, NY, 10005
Plan sponsor’s address 55 EXCHANGE PLACE, SUITE 503, NEW YORK, NY, 10005

Plan administrator’s name and address

Administrator’s EIN 237156531
Plan administrator’s name JOSHUA POWERS
Plan administrator’s address 333 7TH AVENUE, 13TH FLOOR, NEW YORK, NY, 10001
Administrator’s telephone number 6462300309

Number of participants as of the end of the plan year

Active participants 2
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 1
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 3
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 0

Signature of

Role Plan administrator
Date 2010-05-11
Name of individual signing JOSHUA POWERS
Valid signature Filed with authorized/valid electronic signature

DOS Process Agent

Name Role Address
THE CORPORATION DOS Process Agent 23 GRAMERCY PARK SOUTH, NEW YORK, NY, United States, 10003

Filings

Filing Number Date Filed Type Effective Date
020411000400 2002-04-11 APPLICATION OF AUTHORITY 2002-04-11

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
23-7156531 Corporation Unconditional Exemption 55 EXCHANGE PL STE 401, NEW YORK, NY, 10005-3304 1973-01
In Care of Name % SUSAN BATTEN
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Educational Organization, Local Association of Employees, Agricultural Organization, Horticultural Organization, Board of Trade, Business League, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Voluntary Employees' Beneficiary Association (Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Mutual Ditch or Irrigation Co., Burial Association, Cemetery Company, Credit Union, Other Mutual Corp. or Assoc., Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
Tax Period 2023-12
Asset 10,000,000 to 49,999,999
Income 5,000,000 to 9,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 19987800
Income Amount 7640661
Form 990 Revenue Amount 7640661
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 201912
Filing Type E
Return Type 990
File View File
Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 201812
Filing Type E
Return Type 990
File View File
Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 201812
Filing Type P
Return Type 990T
File View File
Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 201812
Filing Type P
Return Type 990T
File View File
Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 201712
Filing Type E
Return Type 990
File View File
Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 201612
Filing Type E
Return Type 990
File View File
Organization Name ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
EIN 23-7156531
Tax Period 201512
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
9772687109 2020-04-15 0202 PPP 55 EXCHANGE PL, NEW YORK, NY, 10005-3304
Loan Status Date 2021-10-29
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 275855
Loan Approval Amount (current) 275855
Undisbursed Amount 0
Franchise Name -
Lender Location ID 29037
Servicing Lender Name Liberty Bank and Trust Company
Servicing Lender Address 6600 Plaza Dr, Ste 600, NEW ORLEANS, LA, 70127-2601
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address NEW YORK, NEW YORK, NY, 10005-3304
Project Congressional District NY-10
Number of Employees 11
NAICS code 813410
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 29037
Originating Lender Name Liberty Bank and Trust Company
Originating Lender Address NEW ORLEANS, LA
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 279464.1
Forgiveness Paid Date 2021-08-09

Date of last update: 30 Mar 2025

Sources: New York Secretary of State