TY 2015 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) Juan R Self......................................................................
Chairman

1.00
.................

(2) Reginald Duncan......................................................................
Secretary

1.00
.................

(3) Todd F Brooks......................................................................
Treasurer

1.00
.................

(4) Roby S Williams......................................................................
President/CEO

40.00
.................

72,000

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

Black Business Association of Memphis TN

Employer identification number

62-1008876

Return Reference	Explanation
Form 990, Part III, Line 4a	During the fiscal year ended June 30, 2016, BBA met with 832 business professionals at 555 Beale St, Memphis TN for the purpose of assisting them with starting and growing their business enterprises. BBAs staff also met with 579 business professionals at their places of business, to assist them in how to devolop a loyal customer base. A central focus for BBA this year has been, Diversity and Inclusion. BBA has worked in concert with our Partners in Progress The Memphis Area Minority Contractors Association MAMCA, The Mid South-Minority Business Council Continuum MMBC, The Greater Memphis Chamber of Commerce, Memphis Tomorrow, The City of Memphis Office of Business Diversity Compliance and others for the purpose of developing praxes, which are Intentional about embracing Diversity. BBA hosted 24 2 per month Lunch and Learn Programs, which addressed issues and subjects germane to Business Owners. We developed the subject matter for the Lunch Learn Programs from the input and feedback of members businesses and other Women and Minority Owned Businesses. Such subjects as, Quickbooks, Factoring, Franchising Opportunities, Diversity in Contracting, Contractor Preparedness, How to win bids and other subjects were the topics at our Lunch Learns. Our Solution Series this year addressed, Championing Diversity.. We built our week of activities around the concept of Diversity as a Business Case. It was enormously successful and well Received. BBA continued to strengthen Strategic Alliances and Constructive Engagement with such entities as The Economic Development GRowth Engine EDGE, Memphis Tomorrow, The chambers Chairman Circle, The National Small Business Administration we met with Commissioner Maria Contreras Sweet , the U.S. Black Chamber of Commercie and the Memphis Better Business Bureau. These relationships help us to serve our member businesses navigate through many challenges and assist them to uncover and pursue opportunities.
Form 990, Part VI, Section A, Line 6,78	The BBA Board of Directors determines the salary of the President/CEO. The President/CEO and the Board of Directors determine the salary of employees. The Board of Directors approves all the expenses of the BBA during quarterly planning and evaluation sessions.

Return Reference

Explanation

Form 990, Part III, Line 4a

During the fiscal year ended June 30, 2016, BBA met with 832 business professionals at 555 Beale St, Memphis TN for the purpose of assisting them with starting and growing their business enterprises. BBAs staff also met with 579 business professionals at their places of business, to assist them in how to devolop a loyal customer base. A central focus for BBA this year has been, Diversity and Inclusion. BBA has worked in concert with our Partners in Progress The Memphis Area Minority Contractors Association MAMCA, The Mid South-Minority Business Council Continuum MMBC, The Greater Memphis Chamber of Commerce, Memphis Tomorrow, The City of Memphis Office of Business Diversity Compliance and others for the purpose of developing praxes, which are Intentional about embracing Diversity. BBA hosted 24 2 per month Lunch and Learn Programs, which addressed issues and subjects germane to Business Owners. We developed the subject matter for the Lunch Learn Programs from the input and feedback of members businesses and other Women and Minority Owned Businesses. Such subjects as, Quickbooks, Factoring, Franchising Opportunities, Diversity in Contracting, Contractor Preparedness, How to win bids and other subjects were the topics at our Lunch Learns. Our Solution Series this year addressed, Championing Diversity.. We built our week of activities around the concept of Diversity as a Business Case. It was enormously successful and well Received. BBA continued to strengthen Strategic Alliances and Constructive Engagement with such entities as The Economic Development GRowth Engine EDGE, Memphis Tomorrow, The chambers Chairman Circle, The National Small Business Administration we met with Commissioner Maria Contreras Sweet , the U.S. Black Chamber of Commercie and the Memphis Better Business Bureau. These relationships help us to serve our member businesses navigate through many challenges and assist them to uncover and pursue opportunities.

Form 990, Part VI, Section A, Line 6,78

The BBA Board of Directors determines the salary of the President/CEO. The President/CEO and the Board of Directors determine the salary of employees. The Board of Directors approves all the expenses of the BBA during quarterly planning and evaluation sessions.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:	15000290
Software Version:	15.3.0.0

1	Briefly describe the organization’s mission or most significant activities: The BBA of Memphis is a 501 c6 organization established to serve as an advocacy organization that provides continuous support to the Minority and Women owned businesses in the Memphis, TN region.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	4
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	3
6	Total number of volunteers (estimate if necessary) .............	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	226,270	207,624
9	Program service revenue (Part VIII, line 2g) .........		0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....		0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	226,270	207,624
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	1,800	750
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	210,130	161,734
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	55,821	26,598
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	267,751	189,082
19	Revenue less expenses. Subtract line 18 from line 12.......	-41,481	18,542
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	68,532	86,681
21	Total liabilities (Part X, line 26).............	20,393	20,000
22	Net assets or fund balances. Subtract line 21 from line 20.....	48,139	66,681

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 182,011 including grants of $ ) (Revenue $ 226,270 )
	SEE FULL NARRATIVE OF 2016 PROGRAM SERVICES ACCOMPLISHMENTS ON SCHEDULE O

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses182,011

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	72,000

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization

1a	Federated campaigns..		1a
b	Membership dues..		1b	5,420
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	200,000

f	All other contributions, gifts, grants, and similar amounts not included above		1f	2,204

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......		207,624

		Business Code
2a
b
c
d
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....

3 Investment income (including dividends, interest, and othersimilar amounts) ..........
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			207,624

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21	0
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	0
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	0
4	Benefits paid to or for members	750	750
5	Compensation of current officers, directors, trustees, and key employees ....	72,000	72,000
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages	75,000	75,000
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	0
9	Other employee benefits .......	0
10	Payroll taxes ...........	14,734	14,734
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	0
c	Accounting ...........	6,672		6,672
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	5,864	5,864
12	Advertising and promotion ....	0
13	Office expenses .......	1,706	1,706
14	Information technology ......	0
15	Royalties ..	0
16	Occupancy ...........	0
17	Travel ............	0
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	2,060	2,060
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	0
23	Insurance ...	1,401	1,401
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Bank Charges/Charge Card Fees	356		356
b	Biz Expenses-Executive Director	8,496	8,496
c	Taxes, Licenses Fees	43		43
d
e	All other expenses	0
25	Total functional expenses. Add lines 1 through 24e	189,082	182,011	7,071
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			68,532	1	86,681
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	61,845
b	Less: accumulated depreciation	10b	61,845		10c
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 34)...			68,532	16	86,681

17	Accounts payable and accrued expenses .....	393	17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D	20,000	25	20,000
26	Total liabilities. Add lines 17 through 25..	20,393	26	20,000

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	28,139	27	46,681
28	Temporarily restricted net assets ...........	20,000	28	20,000
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	48,139	33	66,681
34	Total liabilities and net assets/fund balances ........	68,532	34	86,681

1	Total number at end of year ....
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ....

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
Federal income taxes
Restricted Deposit-NIKE Loan Fund	20,000
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	20,000
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

1a	Land ...
b	Buildings
c	Leasehold improvements
d	Equipment ...	61,845	61,845
e	Other ...
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other (A) Financial derivatives and other financial products
(B) Closely-held equity interests
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)