Form 990 for tax year 2024
Filed by CULTURAL HERITAGE ECONOMIC ALLIANCE INC.
Totals
- Total revenue
- $129,360
- Total expenses
- $116,591
- Contributions and grants received
- $89,066
- Grants paid
- $0
- Program service revenue
- $40,294
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $47,021
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $47,021
- Program services expenses (Part IX)
- $12,000
- Management and general expenses
- $94,991
- Fundraising expenses
- $9,600
- Program service expenses (Part III)
- $12,000
Program services were 10.3% 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.
-
1c · Fundraising events
$76,000
-
1f · All other contributions, gifts and grants
$13,066
-
2a · Program service revenue: Diversity Tourism Academy
total $20,396 · unrelated business $0 · excluded $20,396
-
2b · Program service revenue: Future of Black Tourism
total $17,977 · unrelated business $0 · excluded $17,977
-
2c · Program service revenue: Blacks in Tourism & Travel Membershps
total $1,716 · unrelated business $0 · excluded $1,716
-
2d · Program service revenue: Black Tourism Talent Directory
total $205 · unrelated business $0 · excluded $205
-
8a · Fundraising events: contributions included on line 1c
$76,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $4,750 · program services $4,750 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $9,600 · program services $0 · management and general $0 · fundraising $9,600
-
19 · Conferences, conventions and meetings
total $7,250 · program services $7,250 · management and general $0 · fundraising $0
-
24a · Other expenses: Memberships & Subscriptions
total $1,271 · program services $0 · management and general $1,271 · fundraising $0
-
24b · Other expenses: Professional Services
total $7,250 · program services $0 · management and general $7,250 · fundraising $0
-
24c · Other expenses: Merchant account fees
total $493 · program services $0 · management and general $493 · fundraising $0
-
24d · Other expenses: Miscellaneous
total $1,642 · program services $0 · management and general $1,642 · fundraising $0
-
24e · All other expenses
total $84,335 · program services $0 · management and general $84,335 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $34,252 · end of year $47,021
-
2 · Savings and temporary cash investments
beginning of year $0
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $0
-
7 · Other notes and loans receivable
beginning of year $0
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0
-
11 · Investments: publicly traded securities
beginning of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0
-
18 · Grants payable
beginning of year $0
-
19 · Deferred revenue
beginning of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0
-
21 · Escrow or custodial account liability
beginning of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0
-
27 · Net assets without donor restrictions
beginning of year $34,252 · end of year $47,021
Mission and programs · 2024
Mission
To create inclusive and equitable opportunities for small BIPOC businesses and students to become active participants in the travel and tourism industry through our sustainable tourism initiatives.
-
Diversity Tourism Academy Provides benefits for small tourism businesses by providing affordable trainings, industry specific education, information on the global and tourism industry, knowledge of the travel trade supply chain, access to peer-to-peer mentoring, business coaching and Tourism Readiness Business Certifications
Expenses $12,000 · Revenue $20,396
-
Power of Partnership Stewardship Summit Provides professional development, industry networking and access to domestic and international buyers meetings to level the playing field for Black tourism businesses and professionals.
Grants $206 · Revenue $1,875
-
Future of Black Tourism An initiative created to enhance and build a collaborative ecosystem of Black travel and tourism organizations, entrepreneurs, professionals, and students for sustainable growth in domestic + international markets.
Grants $12,860 · Revenue $17,977
As filed on the 2024 return.
Listed in Part VII
-
Stephanie Jones
President & CEO
- Total calculated
- $4,750
- From this org
- $4,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Dawn Drew
Chair
- Total calculated
- $0
- Hours/week
- 3
-
Matt Berna
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Denella Ri'chard
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Shannon Stowell
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202630909349301428
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