Form 990 for tax year 2022
Filed by CONGRESSIONAL BLACK CAUCUS FOUNDATION INC.
Totals
- Total revenue
- $18,491,050
- Total expenses
- $17,069,026
- Contributions and grants received
- $16,208,090
- Grants paid
- $3,827,217
- Program service revenue
- $2,052,480
- Investment income
- $0
- Other revenue
- $230,480
- Total assets, end of year
- $31,530,879
- Total liabilities, end of year
- $10,812,609
- Net assets or fund balances, end of year
- $20,718,270
- Program services expenses (Part IX)
- $9,003,153
- Management and general expenses
- $6,765,287
- Fundraising expenses
- $1,300,586
- Program service expenses (Part III)
- $9,003,153
Program services were 52.7% 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.
-
1c · Fundraising events
$4,659,520
-
1f · All other contributions, gifts and grants
$11,548,570
-
2a · Program service revenue: FEINBURG SCHOLARSHIP
total $1,850,000 · unrelated business $1,850,000
-
2b · Program service revenue: NREI PROGRAM
total $202,480 · unrelated business $202,480
-
8a · Fundraising events: gross income
$5,640,480
-
8a · Fundraising events: contributions included on line 1c
$4,659,520
-
8b · Fundraising events: direct expenses
$5,410,000
-
8c · Net income from fundraising events
total $230,480 · excluded $230,480
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,827,217 · program services $3,827,217
-
5 · Compensation of officers, directors and key employees
total $1,417,500 · management and general $1,417,500
-
6 · Compensation of disqualified persons
total $361,802 · management and general $263,934 · fundraising $97,868
-
7 · Other salaries and wages
total $2,392,074 · program services $2,380,696 · management and general $8,628 · fundraising $2,750
-
8 · Pension plan contributions
total $377,204 · program services $39,500 · management and general $221,136 · fundraising $116,568
-
9 · Other employee benefits
total $636,330 · management and general $410,887 · fundraising $225,443
-
10 · Payroll taxes
total $395,973 · program services $395,973
-
11a · Fees: management
total $5,085,809 · program services $1,329,535 · management and general $3,756,274
-
11b · Fees: legal
total $323,354 · program services $58,040 · management and general $265,314
-
11c · Fees: accounting
total $17,490 · management and general $17,490
-
12 · Advertising and promotion
total $362,366 · program services $362,366
-
13 · Office expenses
total $153,657 · program services $153,657
-
14 · Information technology
total $173,567 · program services $81,284 · management and general $92,283
-
17 · Travel
total $175,482 · program services $123,893 · management and general $51,589
-
19 · Conferences, conventions and meetings
total $1,115,754 · program services $200,082 · management and general $57,715 · fundraising $857,957
-
22 · Depreciation, depletion and amortization
total $168,330 · program services $44,021 · management and general $124,309
-
23 · Insurance
total $26,232 · program services $6,889 · management and general $19,343
-
24a · Other expenses: GIFTS & AWARDS
total $33,646 · management and general $33,646
-
24b · Other expenses: MEMBERSHIP DUES
total $25,239 · management and general $25,239
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,223,174 · end of year $11,534,761
-
2 · Savings and temporary cash investments
beginning of year $10,454,011 · end of year $8,640,963
-
3 · Pledges and grants receivable
beginning of year $6,961,982 · end of year $7,712,181
-
9 · Prepaid expenses and deferred charges
beginning of year $117,197 · end of year $189,134
-
10a · Land, buildings and equipment: cost or other basis
$5,692,341
-
10b · Land, buildings and equipment: accumulated depreciation
$4,059,308
-
10c · Land, buildings and equipment, net
beginning of year $1,645,681 · end of year $1,633,033
-
11 · Investments: publicly traded securities
beginning of year $120,807 · end of year $1,820,807
-
17 · Accounts payable and accrued expenses
beginning of year $642,274 · end of year $1,306,953
-
19 · Deferred revenue
beginning of year $7,584,333 · end of year $9,505,656
-
27 · Net assets without donor restrictions
beginning of year $13,303,952 · end of year $14,725,977
-
28 · Net assets with donor restrictions
beginning of year $5,992,293 · end of year $5,992,293
Mission and programs · 2022
Mission
THE CONGRESSIONAL BLACK CAUCUS FOUNDATION, INC. (CBCF) IS A NONPROFIT, NONPARTISAN PUBLIC POLICY, RESEARCH AND EDUCATIONAL INSTITUTE THAT AIMS TO HELP IMPROVE THE SOCIOECONOMIC CIRCUMSTANCES OF AFRICAN AMERICANS AND OTHER UNDERSERVED COMMUNITIES. FOUNDED IN 1976 AND BASED IN WASHINGTON, D.C., CBCF ENVISIONS A WORLD IN WHICH THE BLACK COMMUNITY IS FREE OF ALL DISPARITIES AND ABLE TO CONTRIBUTE FULLY TO ADVANCING THE COMMON GOOD. ITS MISSION IS TO ADVANCE THE GLOBAL BLACK COMMUNITY BY DEVELOPING LEADERS, INFORMING POLICY AND EDUCATING THE PUBLIC. IT IS ACHIEVING THAT MISSION BY: FACILITATING THE EXCHANGE OF IDEAS AND INFORMATION TO ADDRESS CRITICAL ISSUES AFFECTING OUR COMMUNITIES; DEVELOPING STRATEGIC RESEARCH AND HISTORICAL RESOURCES FOR THE PUBLIC; PROVIDING LEADERSHIP DEVELOPMENT AND SCHOLARSHIP OPPORTUNITIES; DEVELOPING EFFECTIVE PROGRAMS AND RESEARCH TO ADDRESS SOCIAL, ECONOMIC AND HEALTH DISPARITIES.
Activities or mission (Part I)
TO ADVANCE THE BLACK COMMUNITY BY DEVELOPING LEADERS, INFORMING POLICY, & EDUCATING THE PUBLIC.
-
LEADERSHIP INSTITUTE/CPAR THE CONGRESSIONAL BLACK CAUCUS FOUNDATION, INC, (CBCF) LEADERSHIP INSTITUTE OFFERS A MYRIAD OF PROGRAMS AIMED AT BUILDING THE NEXT GENERATION OF LEADERS TO INCLUDE INTERNSHIPS, FELLOWSHIPS, SCHOLARSHIPS, AND STUDY ABROAD PROGRAMS. OPPORTUNITIES ARE PROVIDED TO AFRICAN AMERICAN EMERGING LEADERS INTERESTED IN GAINING THE FIRST-HAND EXPERIENCE IN PUBLIC POLICY MAKING AS WELL AS DULY COMMITTED TO ADDRESSING SOCIAL INEQUALITIES AMONG UNDERSERVED GROUPS. INTERNSHIPS ARE OFFERED IN THE SPRING AND FALL AND THE SUMMER ALONG WITH PROFESSIONAL DEVELOPMENT LEADERSHIP TRAINING. FELLOWSHIPS ARE FOR 20-MONTHS ALLOWING YOUNG PROFESSIONALS TO GAIN EXPERIENCE WORKING ON CAPITOL HILL IN BOTH MEMBER OFFICES, THE HOUSE AND SENATE COMMITTEES. SCHOLARSHIPS ARE PROVIDED TO HIGH SCHOOL QUALIFIED STUDENTS AND CONTINUING EDUCATION COLLEGE STUDENTS.
Expenses $6,442,185 · Revenue $6,200,000
-
CBCF SCHOLARSHIP PROGRAM, COVERS EXPENSES FOR QUALIFIED SCHOLARSHIP RECEIPIENTS, SOME SCHOLARSHIPS ARE ANNUAL, SOME OF THE SCHOLARSHIPS ARE MULTI-YEAR GIFTS. THESE SCHOLARSHIPS ARE AWARDED BASED ON A MERIT-BASED APPLICATION PROCESS.
Expenses $2,560,968 · Grants $3,827,217 · Revenue $785,699
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rep Terri SewellREP TERRI SEWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chaka BurgesCHAKA BURGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin BrownKEVIN BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Markus GreenMARKUS GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pamela G AlexanderPAMELA G ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep Colin AllredREP COLIN ALLRED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chloe BarzeyCHLOE BARZEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tellis BethelTELLIS BETHEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aisha BoweAISHA BOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Natalie Brunson-WheelerNATALIE BRUNSON-WHEELER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep Troy CarterREP TROY CARTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ladavia DraeLADAVIA DRAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep Dwight EvansREP DWIGHT EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pamela D EverhartPAMELA D EVERHART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Henry Louis Gates JrDR HENRY LOUIS GATES JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Quita HighsmithQUITA HIGHSMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred HumprhriesFRED HUMPRHRIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Broderick JohnsonBRODERICK JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lonnie L JohnsonLONNIE L JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tammy JonesTAMMY JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep Robin KellyREP ROBIN KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep Brenda LawrenceREP BRENDA LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Keith MageeDR KEITH MAGEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcus MasonMARCUS MASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep A Donald McEachinREP A DONALD MCEACHIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve PembertonSTEVE PEMBERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep Stacey PlaskettREP STACEY PLASKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Osborne RossLISA OSBORNE ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dontai SmallsDONTAI SMALLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul DumarsPAUL DUMARS
CFO
- Total calculated
- $235,000
- From this org
- $235,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $35,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $235,000
-
Yolanda RaineYOLANDA RAINE
VP OF MARKETING
- Total calculated
- $169,500
- From this org
- $169,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,000
- Bonus
- $8,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $169,500
-
Donna Fisher LewisDONNA FISHER LEWIS
VP OF DEVELOPMENT
- Total calculated
- $231,000
- From this org
- $231,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,000
- Bonus
- $35,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $231,000
-
Andrias MurdaughANDRIAS MURDAUGH
VP OF EVENTS
- Total calculated
- $185,000
- From this org
- $185,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,000
- Bonus
- $10,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $185,000
-
Tory HaristonTORY HARISTON
VP OF MARKETING
- Total calculated
- $230,000
- From this org
- $230,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,000
- Bonus
- $85,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $230,000
-
Lori BillingsleyLORI BILLINGSLEY
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Earle JonesEARLE JONES
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Janice Bryant HowroydJANICE BRYANT HOWROYD
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Rep Sheila Jackson LeeREP SHEILA JACKSON LEE
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Julia SimonJULIA SIMON
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Dr Troy NashDR TROY NASH
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Sean SuggsSEAN SUGGS
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Jesse TysonJESSE TYSON
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Rondu VincentRONDU VINCENT
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Rep Joyce BeattyREP JOYCE BEATTY
DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Deidra BarksdaleDEIDRA BARKSDALE
CFO - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Christopher EppsCHRISTOPHER EPPS
VP OF MARKETING - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Erica SoutherlandERICA SOUTHERLAND
MARKETING DIRECTOR - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Menna DemessieMENNA DEMESSIE
VP OF PROGRAMS - UNTIL 12/31/21
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Austin-HilleryNICOLE AUSTIN-HILLERY
PCEO
- Total calculated
- $367,000
- From this org
- $367,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $310,000
- Bonus
- $57,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $367,000
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349301319
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