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Nonprofiteer
← BLACK IMPACT COMMUNITY FUND INC

Form 990 for tax year 2022

Filed by BLACK IMPACT COMMUNITY FUND INC.

Totals

Total revenue
$530,164
Total expenses
$76,203
Contributions and grants received
$530,164
Grants paid
$12,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$454,961
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$454,961
Program services expenses (Part IX)
$57,494
Management and general expenses
$15,897
Fundraising expenses
$2,812
Program service expenses (Part III)
$57,494

Program services were 75.4% 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.

  • 1e · Government grants (contributions)

    $89,134

  • 1f · All other contributions, gifts and grants

    $441,030

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,500 · program services $12,500

  • 7 · Other salaries and wages

    total $49,926 · program services $39,941 · management and general $7,489 · fundraising $2,496

  • 8 · Pension plan contributions

    total $514 · program services $411 · management and general $77 · fundraising $26

  • 10 · Payroll taxes

    total $5,802 · program services $4,642 · management and general $870 · fundraising $290

  • 11c · Fees: accounting

    total $3,005 · management and general $3,005

  • 11g · Fees: other

    total $4,142 · management and general $4,142

  • 13 · Office expenses

    total $314 · management and general $314

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $454,961

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $454,961

Mission and programs · 2022

Mission

TO ADDRESS RACIAL WEALTH AND TECHNOLOGICAL INEQUALITY BY PROVIDING UNDERSERVED COMMUNITIES AND MARGINALIZED GROUPS WITH EDUCATIONAL PROGRAMS, CAREER SUPPORT AND OTHER RESOURCES LIKE FINANCIAL COUNSELING THAT WILL HELP THEM BUILD THE SKILLS TO DECREASE MULTIGENERATIONAL POVERTY AND BUILD GENERATIONAL WEALTH.

  • EDUCATIONAL PROGRAMS, CAREER SUPORRT, AND FINANCIAL COUNSELING AIMED TO HELP UNDERSERVED COMMUNITIES AND MARGINALIZED GROUPS BUILD THE SKILLS TO DECREASE MULTIGENERATIONAL POVERTY AND BUILD GENERATIONAL WEALTH.

    Expenses $57,494 · Grants $12,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Malcolm Rivera

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Sherri Francois

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Joe El Rady

    CFO

    Total calculated
    $0
    Hours/week
    2

  • Mike Mahurin

    SECRETARY & GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    2

  • Michael Tubbs

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William O'Neil

    DIRECTOR OF CAPITAL MARKETS

    Total calculated
    $0
    Hours/week
    2

  • James Lee Sorenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alfonozo Coasta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Devin Wagman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Arabian Price

    ADVISORY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jade Lovine

    ADVISORY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Kang

    ADVISORY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adlai Wertman

    ADVISORY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 September 2023
IRS schema version
2022v5.0
Source object
202312769349301641

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