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Nonprofiteer
← BLACK BELT COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by BLACK BELT COMMUNITY FOUNDATION INC.

Totals

Total revenue
$11,452,438
Total expenses
$14,023,321
Contributions and grants received
$10,848,326
Grants paid
$2,294,033
Program service revenue
$0
Investment income
$400,005
Other revenue
$204,107
Total assets, end of year
$26,271,694
Total liabilities, end of year
$747,429
Net assets or fund balances, end of year
$25,524,265
Program services expenses (Part IX)
$10,808,949
Management and general expenses
$3,128,870
Fundraising expenses
$85,502
Program service expenses (Part III)
$10,808,949

Program services were 77.1% 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

    $165,432

  • 1e · Government grants (contributions)

    $5,447,963

  • 1f · All other contributions, gifts and grants

    $5,234,931

  • 3 · Investment income

    total $375,514 · excluded $375,514

  • 7a · Gross sales of assets other than inventory

    securities $145,080

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

    securities $120,589

  • 7c · Gain or loss

    securities $24,491

  • 7d · Net gain or loss

    total $24,491 · excluded $24,491

  • 8a · Fundraising events: gross income

    $12,625

  • 8a · Fundraising events: contributions included on line 1c

    $165,432

  • 8b · Fundraising events: direct expenses

    $57,191

  • 8c · Net income from fundraising events

    total -$44,566 · excluded -$44,566

  • 11a · Other revenue: GRANT MANAGEMENT REVEN

    total $240,500 · related or exempt $240,500

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $8,173 · excluded $8,173

  • 11e · Other revenue, total

    $248,673

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,294,033 · program services $2,294,033

  • 5 · Compensation of officers, directors and key employees

    total $351,736 · program services $285,398 · management and general $62,594 · fundraising $3,744

  • 7 · Other salaries and wages

    total $4,314,202 · program services $3,500,545 · management and general $767,746 · fundraising $45,911

  • 8 · Pension plan contributions

    total $179,802 · program services $145,891 · management and general $31,997 · fundraising $1,914

  • 9 · Other employee benefits

    total $649,003 · program services $526,602 · management and general $115,495 · fundraising $6,906

  • 10 · Payroll taxes

    total $358,475 · program services $290,867 · management and general $63,793 · fundraising $3,815

  • 11b · Fees: legal

    total $149 · management and general $149

  • 11c · Fees: accounting

    total $404,893 · management and general $404,893

  • 11f · Fees: investment management

    total $17,080 · management and general $17,080

  • 11g · Fees: other

    total $2,400,620 · program services $1,654,277 · management and general $746,002 · fundraising $341

  • 12 · Advertising and promotion

    total $179,256 · program services $176,783 · management and general $2,473

  • 13 · Office expenses

    total $414,553 · program services $240,254 · management and general $173,346 · fundraising $953

  • 14 · Information technology

    total $143,269 · program services $8,960 · management and general $134,309

  • 16 · Occupancy

    total $145,071 · program services $122,947 · management and general $22,124

  • 17 · Travel

    total $997,950 · program services $825,128 · management and general $155,168 · fundraising $17,654

  • 19 · Conferences, conventions and meetings

    total $427,825 · program services $370,871 · management and general $53,852 · fundraising $3,102

  • 22 · Depreciation, depletion and amortization

    total $182,653 · management and general $182,653

  • 23 · Insurance

    total $117,329 · program services $7,064 · management and general $110,265

  • 24a · Other expenses: SCHOOL MEALS

    total $256,788 · program services $256,232 · fundraising $556

  • 24b · Other expenses: SUBSCRIPTIONS

    total $94,038 · program services $37,836 · management and general $56,202

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $47,546 · program services $34,114 · management and general $13,432

  • 24d · Other expenses: SPONSORSHIPS

    total $31,850 · program services $20,550 · management and general $11,300

  • 24e · All other expenses

    total $15,200 · program services $10,597 · management and general $3,997 · fundraising $606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,228,254 · end of year $9,850,714

  • 2 · Savings and temporary cash investments

    beginning of year $15,959,286 · end of year $13,639,757

  • 3 · Pledges and grants receivable

    beginning of year $1,347,989 · end of year $465,463

  • 4 · Accounts receivable

    beginning of year $59,507 · end of year $9,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,750 · end of year $6,255

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

    $2,076,542

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

    $673,035

  • 10c · Land, buildings and equipment, net

    beginning of year $1,403,297 · end of year $1,403,507

  • 11 · Investments: publicly traded securities

    beginning of year $845,939 · end of year $876,819

  • 15 · Other assets

    beginning of year $320,999 · end of year $19,679

  • 17 · Accounts payable and accrued expenses

    beginning of year $344,038 · end of year $270,291

  • 19 · Deferred revenue

    beginning of year $169,786 · end of year $30,720

  • 25 · Other liabilities

    beginning of year $667,470 · end of year $446,418

  • 27 · Net assets without donor restrictions

    beginning of year $7,761,269 · end of year $5,726,926

  • 28 · Net assets with donor restrictions

    beginning of year $20,260,458 · end of year $19,797,339

Mission and programs · 2024

Mission

TO ENSURE ALL BLACK BELT RESIDENTS LIVE AND WORK IN HEALTHY, PROSPEROUS, INCLUSIVE, EDUCATED, CREATIVE AND GIVING COMMUNITIES. WE SERVE TWELVE COUNTIES: BULLOCK, CHOCTAW, DALLAS, GREENE, HALE, LOWNDES, MACON, MARENGO, PERRY, PICKENS, SUMTER, AND WILCOX. EACH OF THESE COUNTIES IS CONSIDERED A "PERSISTENT POVERTY COUNTY" AS IDENTIFIED THROUGH THE CENSUS. PERSISTENT POVERTY COUNTIES ARE THOSE WHERE 20% OR MORE OF THE COUNTY RESIDENTS WERE POOR, MEASURED BY THE 1980, 1990, 2000 CENSUSES, AND THE 200-11 AMERICAN COMMUNITY SURVEY. ADDITIONALLY, BBCF OFTENTIMES INVESTS IN THE FOLLOWING 13 STATES: ALABAMA, ARKANSAS, FLORIDA, GEORGIA, KENTUCKY, LOUISIANA, MISSISSIPPI, NORTH CAROLINA, SOUTH CAROLINA, TENNESSEE, TEXAS, VIRGINIA, AND WEST VIRGINIA.

Activities or mission (Part I)

TO PROMOTE COMMUNITY DEVELOPMENT IN THE BLACK BELT REGION

  • PROMOTING & SUSTAINING EDUCATION: THE FOUNDATION OPERATES A HEAD START PROGRAM, A COMPREHENSIVE CHILD DEVELOPMENT PROGRAM FOR LOW INCOME FAMILIES AND CHILDREN, AGES 3 TO 5, IN THE FOLLOWING COUNTIES OF THE BLACK BELT: DALLAS COUNTY, CHOCTAW COUNTY, MARENGO COUNTY AND WILCOX COUNTY. THE BBCF HEAD START PROGRAM ENSURES CHILDREN AND FAMILIES ARE PREPARED AND READY FOR KINDERGARTEN. HEAD START ENGAGES PARENTS AND FAMILY MEMBERS IN POSITIVE RELATIONSHIPS, WITH A FOCUS ON FAMILY WELL-BEING TO PROMOTE CHILDREN'S GROWTH IN A POSITIVE LEARNING ENVIRONMENT THROUGH A VARIETY OF SERVICES WHICH INCLUDES EARLY LEARNING AND DEVELOPMENT, HEALTH AND NUTRITION, AND FAMILY WELLBEING. ADDITIONALLY, THE FOUNDATION'S REACH IN COMMUNITIES HAS MADE IT A LEADING PARTNER WITH INSTITUTIONS OF HIGHER EDUCATION. THESE PARTNERSHIPS ALLOW A CONTINUUM OF CARE FOR CHILDREN AGES 3 THROUGH THE 1ST YEAR OF COLLEGE, INCLUDING SUPPORT FOR HIGH SCHOOL STUDENTS ENROLLED IN WORKFORCE AND PROFESSIONAL DEVELOPMENT COURSES

    Expenses $3,818,357 · Grants $2,459

  • COMMUNITY DEVELOPMENT: THE FOUNDATION CONDUCTS TWO PRIMARY ACTIVITIES THAT DEVELOP THE ECONOMY: ENGAGING THE COMMUNITY AND GRANTMAKING.ENGAGING THE COMMUNITY: WITH A CREDIBLE HISTORY OF SERVING AS A TRUSTED COMMUNITY CONVENER, BBCF BRINGS TOGETHER LOCAL RESIDENTS, BUSINESS LEADERS, EDUCATORS, LOCAL & COUNTY GOVERNMENTS TO STRATEGICALLY ADDRESS MAJOR COMMUNITY CHALLENGES, SUCH AS FOOD SCARCITY, HEALTH INEQUITY, EMERGENCY SHELTER SHORTAGES, WASTEWATER SYSTEMS, HOUSING REHABILITATION NEEDS, INEQUITABLE SCHOOL SYSTEMS, & NEIGHBORHOOD REVITALIZATION THROUGH A VARIETY OF PROGRAMS INCLUDING, ADVOCACY, COMMUNITY EDUCATION & CIVIC PARTICIPATION. MANY ARE FUNDED BY GOVERNMENT & PRIVATE GRANTS.GRANTMAKING: SINCE 2005, BBCF HAS MADE GRANTS TOTALING MORE THAN $18 MILLION. GRANTS ARE MADE FOR MORE THAN A DOZEN STRATEGIC PRIORITIES AS WELL AS EMERGING NEEDS IN OUR TWELVE-COUNTY BLACK BELT REGION AND ACROSS THIRTEEN STATES ACROSS THE DEEP SOUTH.

    Expenses $3,946,323 · Grants $1,410,905

  • SOUTHERN BLACK GIRLS & WOMEN'S CONSORTIUM: SBGWC IS A MULTI-YEAR INITIATIVE WHICH SEEKS TO EMPOWER AND UPLIFT OUR COMMUNITY. BBCF IS ONE OF THREE PARTNERS WHO DEVELOP AND OVERSEE THIS PROGRAM THAT REGULARLY CONVENES PEOPLE ACROSS THE U.S. SOUTHEAST AND CONDUCTS A RANGE OF PROGRAMMING, INCLUDING GRANTMAKING AND CONFERENCES.

    Expenses $2,695,308 · Grants $860,037

  • OTHER INITIATIVES: BBCF DEVELOPS AND EXPLORES A RANGE OF INITIATIVES THAT SERVE OUR TWELVE COUNTIES, INCLUDING SERVING AS A FISCAL SPONSOR FOR FAITH & WORKS.

    Expenses $348,961 · Grants $20,632

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Walter D Givhan

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Darlene G Robinson

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Khandi Flowers

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Veronica Drake

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tony Cherry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John H England

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia M Farrior

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Schnavia S Hatcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Calida J M Henderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Clifford O Hunter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jamaal Hunter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martha B Lockett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eugene Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jesse Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kennard Randolph

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert L Turner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marvin W Wiggins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Felecia Lucky

    PRESIDENT

    Total calculated
    $352,947
    From this org
    $325,256
    From related orgs
    $0
    Other
    $27,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,858
    Bonus
    $74,398
    Other
    $0
    Deferred
    $12,656
    Nontaxable benefits
    $15,035
    Filer's total
    $352,947

  • Christopher H Spencer

    CHIEF COMMUNITY ENGAGEMENT OFFICER

    Total calculated
    $120,550
    From this org
    $106,349
    From related orgs
    $0
    Other
    $14,201
    Hours/week
    40

  • Serena Chen Low

    CHIEF OF STAFF

    Total calculated
    $123,216
    From this org
    $102,302
    From related orgs
    $0
    Other
    $20,914
    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. 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

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S COMPENSATION ANNUALLY.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523179349303287

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

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