Totals
- Total revenue
- $2,529,382
- Total expenses
- $3,617,603
- Contributions and grants received
- $2,433,883
- Grants paid
- $20,000
- Program service revenue
- $55,000
- Investment income
- $40,499
- Other revenue
- $0
- Total assets, end of year
- $2,786,106
- Total liabilities, end of year
- $470,103
- Net assets or fund balances, end of year
- $2,316,003
- Program services expenses (Part IX)
- $2,150,449
- Management and general expenses
- $1,365,107
- Fundraising expenses
- $102,047
- Program service expenses (Part III)
- $2,150,449
Program services were 59.4% 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
$2,433,883
-
2a · Program service revenue: OTHER INCOME
total $55,000 · related or exempt $55,000
-
3 · Investment income
total $40,499 · related or exempt $40,499
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,000 · program services $20,000
-
7 · Other salaries and wages
total $1,003,901 · program services $464,616 · management and general $475,619 · fundraising $63,666
-
9 · Other employee benefits
total $76,827 · program services $38,587 · management and general $41,620 · fundraising -$3,380
-
10 · Payroll taxes
total $78,378 · program services $36,136 · management and general $36,589 · fundraising $5,653
-
11b · Fees: legal
total $78,104 · program services $61,639 · management and general $16,465
-
12 · Advertising and promotion
total $24,484 · program services $734 · management and general $3,750 · fundraising $20,000
-
13 · Office expenses
total $6,235 · program services $1,547 · management and general $4,670 · fundraising $18
-
14 · Information technology
total $34,878 · program services $10,601 · management and general $24,134 · fundraising $143
-
17 · Travel
total $186,818 · program services $88,140 · management and general $84,728 · fundraising $13,950
-
23 · Insurance
total $6,308 · management and general $6,308
-
24a · Other expenses: CONSULTING EXPENSE
total $1,628,881 · program services $1,240,292 · management and general $387,189 · fundraising $1,400
-
24b · Other expenses: BUSINESS SUPPORT AND SE
total $296,546 · program services $31,519 · management and general $265,027
-
24c · Other expenses: EVENT PLANNING AND PROD
total $91,041 · program services $84,813 · management and general $6,228
-
24d · Other expenses: WRITE OFF
total $63,661 · program services $63,661
-
24e · All other expenses
total $21,541 · program services $8,164 · management and general $12,780 · fundraising $597
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,836,604 · end of year $2,230,034
-
3 · Pledges and grants receivable
end of year $555,000
-
4 · Accounts receivable
beginning of year $103,335
-
9 · Prepaid expenses and deferred charges
end of year $1,072
-
17 · Accounts payable and accrued expenses
beginning of year $19,211 · end of year $86,056
-
18 · Grants payable
end of year $330,000
-
19 · Deferred revenue
beginning of year $500,670
-
24 · Unsecured notes and loans payable
beginning of year $350,000
-
25 · Other liabilities
beginning of year $0 · end of year $54,047
-
27 · Net assets without donor restrictions
beginning of year $2,070,058 · end of year $1,303,042
-
28 · Net assets with donor restrictions
end of year $1,012,961
Mission and programs · 2023
Mission
TO CREATE ACTIONS OF COMPASSION, EQUALITY AND JUSTICE ON BEHALF OF THE COMMUNITIES THAT HAVE BEEN HISTORICALLY DISENFRANCHISED DUE TO RACE, CLASS, GENDER, ORITENTATION, NATIONALITY AND/OR IMMIGRATION STATUS.
-
RUNWAY PROJECT PROJECT MISSION: RUNWAY IS COMMITTED TO ADVANCING BLACK RESILIENCY FOR BLACK BUSINESSES AND THE COMMUNITIES THEY SERVE BY BUILDING EMERGENT FINANCIAL PRACTICES AND INFRASTRUCTURE THAT CLOSES THE RACIAL WEALTH GAP FOR GOOD.
Expenses $2,150,449 · Grants $20,000 · Revenue $95,499
As filed on the 2023 return.
Listed in Part VII
-
Jessica NorwoodJESSICA NORWOOD
CHIEF EXECUTIVE OFFICER
- Total calculated
- $0
- Hours/week
- 40
-
Teresa Fox BettisTERESA FOX BETTIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Teumbay BarnesTEUMBAY BARNES
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Arianna McArtherARIANNA MCARTHER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
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
-
PORT OF AFRICATOWN
$20,000
DONATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349312995
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.