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Nonprofiteer
← BLACK AMBITION OPPORTUNITY INC

Form 990 for tax year 2023

Filed by BLACK AMBITION OPPORTUNITY INC.

What the amendment changed

Compared with the return it replaced , filed 12 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$5,166,718 changed to $6,102,999
Total expenses
$7,312,622 changed to $7,821,621
Contributions and grants received
$5,092,493 changed to $6,018,771
Program services expenses
$5,894,627 changed to $6,611,001
Management and general expenses
$1,203,110 changed to $995,735
Program service expenses (Part III)
$5,894,627 changed to $6,611,001

Totals

Total revenue
$6,102,999
Total expenses
$7,821,621
Contributions and grants received
$6,018,771
Grants paid
$2,185,712
Program services expenses (Part IX)
$6,611,001
Management and general expenses
$995,735
Fundraising expenses
$214,885
Program service expenses (Part III)
$6,611,001

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Pharrell Williams

    Director & Chair

    Total calculated
    $0
    Hours/week
    1

  • Erik Moore

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ron Laffitte

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Felicia Hatcher

    CEO

    Total calculated
    $387,976
    From this org
    $360,781
    From related orgs
    $0
    Other
    $27,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $360,781
    Bonus
    $0
    Other
    $0
    Deferred
    $6,882
    Nontaxable benefits
    $20,313
    Filer's total
    $387,976

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 — 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 · Independent compensation consultant

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

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
2023
Filed
13 November 2025
IRS schema version
2023v6.0
Source object
202503219349323785

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