Form 990 for tax year 2024
Filed by BLACK MALE INITIATIVE FUND INC.
Totals
- Total revenue
- $5,324,502
- Total expenses
- $3,042,538
- Contributions and grants received
- $4,701,427
- Grants paid
- $0
- Program service revenue
- $611,000
- Investment income
- $0
- Other revenue
- $12,075
- Total assets, end of year
- $3,562,286
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,562,286
- Program services expenses (Part IX)
- $2,775,179
- Management and general expenses
- $0
- Fundraising expenses
- $267,359
- Program service expenses (Part III)
- $2,775,179
Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$2,962,427
-
1f · All other contributions, gifts and grants
$1,739,000
-
2a · Program service revenue: Movement Voter Project
total $611,000
-
11a · Other revenue: Working Families Party
total $12,075
-
11e · Other revenue, total
$12,075
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,548,444 · program services $2,548,444
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $35,604 · program services $35,604
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,500 · program services $1,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $267,359 · fundraising $267,359
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $29,707 · program services $29,707
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Events Fee
total $12,000 · program services $12,000
-
24b · Other expenses: Sub Contractors
total $141,324 · program services $141,324
-
24c · Other expenses: MAAP Program Stipends
total $6,600 · program services $6,600
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,280,322 · end of year $3,562,286
-
27 · Net assets without donor restrictions
beginning of year $1,280,322 · end of year $3,562,286
Mission and programs · 2024
Mission
The Black Male Initiative Fund seeks to create effective outcomes for our communities by empowering black men economically and civically through the use of direct action, advocacy, and grassroots organizing.
-
Established and executed get out the vote canvass campaign, targeting over 200,000 households.
Expenses $2,775,179
As filed on the 2024 return.
Listed in Part VII
-
John Taylor
Chairman
- Total calculated
- $0
- Hours/week
- 20 + 20 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541569349300829
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