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← BLACK INSTITUTE INC

Form 990 for tax year 2024

Filed by BLACK INSTITUTE INC.

Totals

Total revenue
$337,742
Total expenses
$393,107
Contributions and grants received
$232,135
Grants paid
$0
Program service revenue
$92,000
Investment income
$0
Other revenue
$13,607
Total assets, end of year
$169,411
Total liabilities, end of year
$138,143
Net assets or fund balances, end of year
$31,268
Program services expenses (Part IX)
$273,572
Management and general expenses
$95,313
Fundraising expenses
$24,222
Program service expenses (Part III)
$273,572

Program services were 69.6% 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

    $19,757

  • 1e · Government grants (contributions)

    $193,375

  • 1f · All other contributions, gifts and grants

    $19,003

  • 2a · Program service revenue: PROGRAM FEES

    total $92,000 · related or exempt $92,000

  • 8a · Fundraising events: gross income

    $24,811

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

    $19,757

  • 8b · Fundraising events: direct expenses

    $24,811

  • 11a · Other revenue: OTHER INCOME

    total $13,607 · related or exempt $13,607

  • 11e · Other revenue, total

    $13,607

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $50,292 · program services $37,719 · management and general $5,029 · fundraising $7,544

  • 7 · Other salaries and wages

    total $149,360 · program services $132,360 · management and general $6,000 · fundraising $11,000

  • 10 · Payroll taxes

    total $17,178 · program services $14,633 · management and general $1,596 · fundraising $949

  • 11b · Fees: legal

    total $14,725 · management and general $14,725

  • 11c · Fees: accounting

    total $36,000 · management and general $36,000

  • 11g · Fees: other

    total $45,596 · program services $37,908 · management and general $7,067 · fundraising $621

  • 16 · Occupancy

    total $55,144 · program services $38,528 · management and general $12,545 · fundraising $4,071

  • 17 · Travel

    total $390 · program services $390

  • 23 · Insurance

    total $1,788 · program services $1,788

  • 24a · Other expenses: OTHER COSTS

    total $12,501 · program services $10,246 · management and general $2,218 · fundraising $37

  • 24b · Other expenses: PAYROLL SERVICE FEES

    total $9,313 · management and general $9,313

  • 24c · Other expenses: GOODWILL & CONTRIBUTIONS

    total $559 · management and general $559

  • 24d · Other expenses: SUPPLIES

    total $261 · management and general $261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,805 · end of year $33,075

  • 3 · Pledges and grants receivable

    beginning of year $140,773 · end of year $122,277

  • 15 · Other assets

    beginning of year $18,090 · end of year $14,059

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,217 · end of year $80,455

  • 25 · Other liabilities

    beginning of year $36,818 · end of year $57,688

  • 27 · Net assets without donor restrictions

    beginning of year -$50,218 · end of year -$37,678

  • 28 · Net assets with donor restrictions

    beginning of year $136,851 · end of year $68,946

Mission and programs · 2024

Mission

THE BLACK INSTITUTE, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO SHAPE INTELLECTUAL DISCOURSE AND DIALOGUE AND IMPACT PUBLIC POLICY UNIQUELY FROM A BLACK PERSPECTIVE.

  • THE OVERALL MISSION AND FOCUS OF THE BLACK INSTITUTE (TBI) IS TO SHAPE INTELLECTUAL DISCOURSE IN SUCH A WAY THAT RECONSTRUCTS THE FRAMEWORK BY WHICH PUBLIC POLICY IS DEVELOPED AND IMPLEMENTED. MOREOVER, THE BLACK INSTITUTE WORKS TO DELIVER JUSTICE TO BLACK PEOPLE AND PEOPLE OF COLOR ACROSS AMERICA AND THE DIASPORA.

    Expenses $273,572 · Revenue $92,000

As filed on the 2024 return.

Listed in Part VII

  • Bertha M Lewis

    PRESIDENT

    Total calculated
    $50,292
    From this org
    $50,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Chelsea Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Giordano

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • James Heyliger

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Lu'Shawn Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carmen Wallace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Keith White

    DIRECTOR

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BLACK INSTITUTE GROUP INCORPORATED

    CONSULTING · DE

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.0
Source object
202513169349305151

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