Totals
- Total revenue
- $64,710
- Total expenses
- $83,520
- Contributions and grants received
- $48,625
- Grants paid
- not reported
- Program service revenue
- $0
- Membership dues (line 3)
- $6,085
- Investment income (line 4)
- $0
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- $0
- Gross profit on inventory sales (line 7c)
- $0
- Other revenue (line 8)
- $10,000
- Total assets, end of year
- $53,173
- Total liabilities, end of year
- not reported
- Net assets or fund balances, end of year
- $53,173
- Program service expenses (Part III)
- $74,019
Program services were 88.6% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2022
Primary exempt purpose
To support and sustain institutions led by people of color by operating a coworking and community development center for the development of minority businesses professionals and nonprofit leaders.
-
Compass: Held twelve programs with corporate and community partners over varying sizes reaching a total program participation of 669 professionals.
Expenses $55,633
-
Shift: 10 Established Professional Sector groups.Held a combined total of thirty meetings - three per sector.All networks have a minimum of ten members. Established relationships with industry leaders and organizations to continue assessing network priorities. ECO-BIPOC is the largest and fastest growing. Participated in several industry conferences and convenings.
Expenses $15,860
-
WLA: The WLA now has a membership of over 89 Black women due to a consolidation of smaller women's groups in the area. Four convenings were held in 2022 resulting in the identification of four key priorities - support for women in business social networking personal development and mentorship.
Expenses $2,526
As filed on the 2022 return.
Listed in Part IV
-
Adilah Muhammed
Executive Director
- Total calculated
- $33,642
- Compensation
- $33,642
- Benefit plans
- $0
- Expense account
- $0
- Hours/week
- 40
-
Faith Douglas
Chairperson
- Total calculated
- $0
- Hours/week
- 2
-
Edward Obarre
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Loney
Treasurer
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 5 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311869349200301
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