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Nonprofiteer
← BUILDING AFRICAN AMERICAN MINDS INC

Form 990 for tax year 2022

Filed by BUILDING AFRICAN AMERICAN MINDS INC.

Totals

Total revenue
$2,151,906
Total expenses
$1,213,864
Contributions and grants received
$2,148,957
Grants paid
$0
Program service revenue
$0
Investment income
$498
Other revenue
$2,451
Total assets, end of year
$8,802,344
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,802,344
Program services expenses (Part IX)
$1,127,914
Management and general expenses
$78,265
Fundraising expenses
$7,685
Program service expenses (Part III)
$1,127,914

Program services were 92.9% 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)

    $230,970

  • 1f · All other contributions, gifts and grants

    $1,917,987

  • 3 · Investment income

    total $2,179 · excluded $2,179

  • 6a · Gross rents

    real property $2,451

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,451

  • 6d · Net rental income or loss

    total $2,451 · related or exempt $2,451

  • 7b · Less cost or other basis and sales expenses

    securities $1,681

  • 7c · Gain or loss

    securities -$1,681

  • 7d · Net gain or loss

    total -$1,681 · excluded -$1,681

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $149,500 · program services $149,500

  • 7 · Other salaries and wages

    total $638,748 · program services $599,925 · management and general $38,823

  • 10 · Payroll taxes

    total $63,175 · program services $60,063 · management and general $3,112

  • 11c · Fees: accounting

    total $24,007 · management and general $24,007

  • 11f · Fees: investment management

    total $150 · management and general $150

  • 12 · Advertising and promotion

    total $7,685 · fundraising $7,685

  • 13 · Office expenses

    total $12,360 · program services $11,430 · management and general $930

  • 16 · Occupancy

    total $61,850 · program services $61,850

  • 22 · Depreciation, depletion and amortization

    total $98,508 · program services $98,508

  • 23 · Insurance

    total $25,625 · program services $20,391 · management and general $5,234

  • 24a · Other expenses: PROGRAM EXPENSES

    total $119,539 · program services $119,539

  • 24b · Other expenses: VEHICLE EXPENSE

    total $5,083 · program services $5,083

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,760 · management and general $4,760

  • 24d · Other expenses: OTHER TAXES

    total $1,575 · program services $1,575

  • 24e · All other expenses

    total $1,299 · program services $50 · management and general $1,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,159,102 · end of year $4,915,520

  • 10a · Land, buildings and equipment: cost or other basis

    $3,709,240

  • 10b · Land, buildings and equipment: accumulated depreciation

    $373,819

  • 10c · Land, buildings and equipment, net

    beginning of year $3,433,929 · end of year $3,335,421

  • 15 · Other assets

    beginning of year $271,271 · end of year $551,403

  • 27 · Net assets without donor restrictions

    beginning of year $7,864,302 · end of year $8,802,344

Mission and programs · 2022

Mission

THE ORGANIZATION PROVIDED TEACHERS AND SERVICES FOR THE TUTORING AND ASSISTANCE OF AFRICAN AMERICAN ELEMENTARY SCHOOL CHILDREN AT RISK FOR UNDERACHIEVMENT AND PROVIDED THEM HELP IN READING AT OR ABOVE GRADE LEVEL.

Activities or mission (Part I)

TUTORING AND ASSISTANCE OF AT RISK AFRICAN AMERICAN ELEMENTARY, MIDDLE, AND HIGH SCHOOL CHILDREN

  • THE ORGANIZATION PROVIDES EDUCATIONAL SERVICES AND INSTRUCTORS FOR TUTORING AND EDUCATIONAL ASSISTANCE FOR AFRICAN AMERICAN ELEMENTARY SCHOOL CHILDREN WHO ARE AT RISK OF UNDERACHIEVMENT, HELPS THEM PERFORM AND READ AT OR ABOVE GRADE LEVEL, AND WORKS WITH THEIR PARENTS, TEACHERS AND COUNSELORS.

    Expenses $1,127,914

As filed on the 2022 return.

Listed in Part VII

  • Dr Mary Deshields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Richard Marks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Dana Bowser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Brent Beerley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Dina Gomes Daly

    EXECUTIVE DIRECTOR

    Total calculated
    $149,500
    From this org
    $149,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • William Ryan

    PRESIDENT/TRUSTEE

    Total calculated
    $0
    Hours/week
    8

  • Dr Dennis Deshields

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jair Devereaux

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Lance Wilson

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

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
10 May 2024
IRS schema version
2022v5.0
Source object
202431349349303203

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