Totals
- Total revenue
- $1,397,440
- Total expenses
- $811,996
- Contributions and grants received
- $1,314,975
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $82,465
- Total assets, end of year
- $1,282,458
- Total liabilities, end of year
- $352,521
- Net assets or fund balances, end of year
- $929,937
- Program services expenses (Part IX)
- $382,962
- Management and general expenses
- $255,472
- Fundraising expenses
- $173,562
- Program service expenses (Part III)
- $382,962
Program services were 47.2% 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.
-
1f · All other contributions, gifts and grants
$1,314,975
-
8a · Fundraising events: gross income
$100,000
-
8b · Fundraising events: direct expenses
$17,535
-
8c · Net income from fundraising events
total $82,465 · excluded $82,465
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $83,237 · program services $36,662 · management and general $26,041 · fundraising $20,534
-
7 · Other salaries and wages
total $33,956 · program services $14,956 · management and general $10,623 · fundraising $8,377
-
9 · Other employee benefits
total $20,853 · program services $6,656 · management and general $10,337 · fundraising $3,860
-
10 · Payroll taxes
total $5,527 · program services $3,620 · management and general $44 · fundraising $1,863
-
11b · Fees: legal
total $112,279 · program services $48,493 · management and general $24,502 · fundraising $39,284
-
11c · Fees: accounting
total $92,496 · management and general $92,496
-
11g · Fees: other
total $325,906 · program services $192,736 · management and general $55,596 · fundraising $77,574
-
12 · Advertising and promotion
total $31,105 · program services $25,719 · management and general $3,513 · fundraising $1,873
-
13 · Office expenses
total $15,569 · program services $1,345 · management and general $13,201 · fundraising $1,023
-
14 · Information technology
total $47,111 · program services $20,054 · management and general $14,547 · fundraising $12,510
-
17 · Travel
total $9,937 · program services $7,142 · management and general $2,314 · fundraising $481
-
23 · Insurance
total $2,262 · program services $3 · management and general $2,258 · fundraising $1
-
24a · Other expenses: SPECIAL EVENTS
total $31,758 · program services $25,576 · fundraising $6,182
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $929,778 · end of year $612,561
-
4 · Accounts receivable
end of year $88,790
-
12 · Investments: other securities
beginning of year -$15,886
-
15 · Other assets
beginning of year $0 · end of year $581,107
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $352,521
-
25 · Other liabilities
beginning of year $1,880 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $912,012 · end of year $529,937
-
28 · Net assets with donor restrictions
end of year $400,000
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO IMPROVE ECONOMIC OUTCOMES FOR BLACK PEOPLE AT SCALE, FOCUSING ON THREE CORE AREAS: WORK, WAGES AND WEALTH.
-
THE ORGANIZATION CONDUCTED RESEARCH AND ENGAGED IN COMMUNICATIONS AND OUTREACH ACTVITIES TO ADVOCATE FOR AN ECONOMIC AGENDA TO IMPROVE ECONOMIC OUTCOMES FOR BLACK PEOPLE AT SCALE, FOCUSING ON THREE CORE AREAS: WORK, WAGES AND WEALTH.
Expenses $382,962
As filed on the 2023 return.
Listed in Part VII
-
N Anthony Coles JrN ANTHONY COLES JR
DIRECTOR, PRESIDENT
- Total calculated
- $0
- Hours/week
- 4 + 6 related
-
Vicki PalmerVICKI PALMER
DIRECTOR,TREASURER
- Total calculated
- $0
- Hours/week
- 3.1 + 4.9 related
-
Charles PhillipsCHARLES PHILLIPS
DIRECTOR, SECRETARY
- Total calculated
- $0
- Hours/week
- 4 + 6 related
-
Tia BreakleyTIA BREAKLEY
DIRECTOR, ASST TREASURER
- Total calculated
- $0
- Hours/week
- 1.6 + 2.4 related
-
Kneeland YoungbloodKNEELAND YOUNGBLOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.8 + 1.2 related
-
Robyn ColesROBYN COLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 7 related
-
Deval PatrickDEVAL PATRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 1.4 related
-
Broderick JohnsonBRODERICK JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.6 + 1.4 related
-
Mattie McFadden-LawsonMATTIE MCFADDEN-LAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3 + 0.7 related
-
Richelieu DennisRICHELIEU DENNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3 + 0.7 related
-
Benarie WileyBENARIE WILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3 + 0.7 related
-
Rosalind BrewerROSALIND BREWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.3 + 0.7 related
-
Samantha TweedySAMANTHA TWEEDY
CHIEF EXECUTIVE OFFICER
- Total calculated
- $313,393
- From this org
- $62,897
- From related orgs
- $250,496
- Other
- $0
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $62,897 + $250,496 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $62,897 + $250,496 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. 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 · Form 990 of other organizations
- 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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
BLACK ECONOMIC ALLIANCE FUND
527 · POLITICAL COMMITTEE · DC · controlled entity
Directly controlled by BLACK ECONOMIC ALLIANCE
-
BLACK ECONOMIC ALLIANCE PAC
527 · POLITICAL COMMITTEE · DC · controlled entity
Directly controlled by BLACK ECONOMIC ALLIANCE
-
BLACK ECONOMIC ALLIANCE FOUNDATION
501(C)(3) · PUBLIC CHARITY · DC · controlled entity
Directly controlled by BLACK ECONOMIC ALLIANCE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349327511
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