Form 990 for tax year 2022
Filed by BLACK OWNED AND OPERATED COMMUNITY LAND TRUST INC.
Totals
- Total revenue
- $776,679
- Total expenses
- $1,026,709
- Contributions and grants received
- $296,600
- Grants paid
- $0
- Program service revenue
- $479,880
- Investment income
- $0
- Other revenue
- $199
- Total assets, end of year
- $7,053,347
- Total liabilities, end of year
- $6,959,555
- Net assets or fund balances, end of year
- $93,792
- Program services expenses (Part IX)
- $761,324
- Management and general expenses
- $265,385
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $761,324
Program services were 74.2% 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
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$5,000
-
1f · All other contributions, gifts and grants
$291,600
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Solefolk
total $467,225 · related or exempt $467,225 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Miscellaneous store retailers
total $12,655 · related or exempt $12,655 · unrelated business $0 · excluded $0
-
3 · Investment income
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: Interest
total $199 · related or exempt $199 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$199
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $98,858 · program services $5,311 · management and general $93,547 · fundraising $0
-
11c · Fees: accounting
total $0 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $186,624 · program services $83,585 · management and general $103,039 · fundraising $0
-
12 · Advertising and promotion
total $810 · program services $750 · management and general $60 · fundraising $0
-
13 · Office expenses
total $17,820 · program services $11,576 · management and general $6,244 · fundraising $0
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $55,640 · program services $28,794 · management and general $26,846 · fundraising $0
-
17 · Travel
total $1,909 · program services $1,365 · management and general $544 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $39,346 · program services $28,846 · management and general $10,500 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Membership payouts
total $386,217 · program services $386,217 · management and general $0 · fundraising $0
-
24b · Other expenses: Retail products
total $98,056 · program services $98,056 · management and general $0 · fundraising $0
-
24c · Other expenses: Building improvements
total $50,009 · program services $36,856 · management and general $13,153 · fundraising $0
-
24d · Other expenses: Meals
total $19,031 · program services $16,133 · management and general $2,898 · fundraising $0
-
24e · All other expenses
total $72,389 · program services $63,835 · management and general $8,554 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $343,822 · end of year $155,017
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $40,000
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$6,858,330
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $6,858,330
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $6,959,030
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $525
-
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 $343,822 · end of year $93,792
Mission and programs · 2022
Mission
Support underprivileged entrepreneurs.
-
A program that engages fashion designers and product developers as co-operative members who sale their products inside the retail space.
Expenses $761,324 · Revenue $467,225
As filed on the 2022 return.
Listed in Part VII
-
Marc Byers
Director
- Total calculated
- $0
- Hours/week
- 10
-
Tommy Johnson
Executive director
- Total calculated
- $0
- Hours/week
- 10
-
Himyo Gree
Executive director
- Total calculated
- $0
- Hours/week
- 10
-
Lauren Michaels
Executive director
- Total calculated
- $0
- Hours/week
- 10
-
Jordana de Moraes
Inside director
- Total calculated
- $0
- Hours/week
- 10
-
Mario Holten
Nominee director
- Total calculated
- $0
- Hours/week
- 10
-
Tony Jolly
Vice chair
- Total calculated
- $0
- Hours/week
- 10
-
Tax Arnold
Chairman of the board
- Total calculated
- $0
- Hours/week
- 10
-
Ferris Mason
Treasurer
- Total calculated
- $0
- Hours/week
- 20
-
Mahongany Singleton
Secretary
- Total calculated
- $0
- Hours/week
- 20
-
Ade Neff
Vice President
- Total calculated
- $0
- Hours/week
- 20
-
Dewey West
President
- Total calculated
- $0
- Hours/week
- 40
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
- 2022
- Filed
- 22 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430539349300633
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