Form 990 for tax year 2024

Totals

Total revenue

$1,956,556

Total expenses

$1,890,597

Contributions and grants received

$79,581

Grants paid

$0

Program service revenue

$1,803,366

Investment income

$0

Other revenue

$73,609

Total assets, end of year

$1,270,289

Total liabilities, end of year

$13,769

Net assets or fund balances, end of year

$1,256,520

Program services expenses (Part IX)

$1,360,662

Management and general expenses

$529,935

Fundraising expenses

$0

Program service expenses (Part III)

$1,360,662

Program services were 72.0% 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.

Mission and programs · 2024

• Our coalition efforts are centered on establishing relationships and fostering collaboration between emerging leaders across communities. Bridging divides promotes mutual understanding, collective progress, and reinvigorates historical alliances. Through strategic partnerships, advocacy efforts, and community ehgagement initiatives, we strive to create spaces where individuals and organizations can come together to address shared challenges, pursue common goals and contribute to the civil society. Our aim at NBEC is to increase African American financial literacy, empower entreprepreneurs, and elevate Black leaders into corporte goverance. Additionally, we work with industries, institutions, and strategic partners who are committed to equity for African Americans. Continually improving primary, secondary, and higher education in the country is a top priority of the NBEC Ensuring that Black children and families have a full complement of school options available to them as well is important. Toward both these ends, we create programs, we create programs, work with partners, and engage our network to help empower our youth and African American serving institutions.

  Expenses $1,360,662

As filed on the 2024 return.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2024

Filed

28 April 2025

IRS schema version

2024v5.2

Source object

202543219349323579

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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