Form 990 for tax year 2024
Filed by ASSOCIATED BLACK CHARITIES INC.
Totals
- Total revenue
- $1,597,648
- Total expenses
- $1,582,321
- Contributions and grants received
- $1,723,967
- Grants paid
- $0
- Program service revenue
- $17,557
- Investment income
- $41,457
- Other revenue
- -$185,333
- Total assets, end of year
- $2,837,293
- Total liabilities, end of year
- $304,382
- Net assets or fund balances, end of year
- $2,532,911
- Program services expenses (Part IX)
- $757,788
- Management and general expenses
- $745,281
- Fundraising expenses
- $79,252
- Program service expenses (Part III)
- $757,788
Program services were 47.9% 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.
-
1a · Federated campaigns
$100,000
-
1c · Fundraising events
$325,754
-
1e · Government grants (contributions)
$299,277
-
1f · All other contributions, gifts and grants
$998,936
-
2a · Program service revenue: REGISTRATION FEES
total $17,557 · related or exempt $17,557
-
3 · Investment income
total $41,457 · excluded $41,457
-
8a · Fundraising events: gross income
$90,000
-
8a · Fundraising events: contributions included on line 1c
$325,754
-
8b · Fundraising events: direct expenses
$275,333
-
8c · Net income from fundraising events
total -$185,333 · excluded -$185,333
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $273,347 · program services $205,010 · management and general $54,670 · fundraising $13,667
-
7 · Other salaries and wages
total $442,491 · program services $276,133 · management and general $160,683 · fundraising $5,675
-
8 · Pension plan contributions
total $9,407 · program services $5,794 · management and general $3,515 · fundraising $98
-
9 · Other employee benefits
total $33,225 · program services $21,810 · management and general $10,671 · fundraising $744
-
10 · Payroll taxes
total $62,846 · program services $40,891 · management and general $20,333 · fundraising $1,622
-
11c · Fees: accounting
total $67,423 · management and general $67,423
-
11f · Fees: investment management
total $10,070 · management and general $10,070
-
11g · Fees: other
total $63,086 · program services $63,086
-
12 · Advertising and promotion
total $3,378 · management and general $3,378
-
13 · Office expenses
total $132,574 · program services $31,645 · management and general $98,968 · fundraising $1,961
-
14 · Information technology
total $49,604 · management and general $49,604
-
16 · Occupancy
total $127,715 · program services $16,779 · management and general $110,311 · fundraising $625
-
17 · Travel
total $21,540 · program services $827 · management and general $20,713
-
19 · Conferences, conventions and meetings
total $91,834 · program services $91,834
-
22 · Depreciation, depletion and amortization
total $7,505 · management and general $7,505
-
23 · Insurance
total $8,627 · management and general $8,627
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $148,402 · program services $49 · management and general $94,465 · fundraising $53,888
-
24b · Other expenses: STAFF DEVELOPMENT
total $6,460 · program services $462 · management and general $5,798 · fundraising $200
-
24c · Other expenses: PAYROLL FEES
total $3,541 · program services $2,375 · management and general $1,072 · fundraising $94
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $2,687 · program services $858 · management and general $1,829
-
24e · All other expenses
total $16,559 · program services $235 · management and general $15,646 · fundraising $678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,488,251 · end of year $664,932
-
2 · Savings and temporary cash investments
end of year $703,590
-
4 · Accounts receivable
beginning of year $33,500 · end of year $150,000
-
9 · Prepaid expenses and deferred charges
beginning of year $26,838 · end of year $13,994
-
10a · Land, buildings and equipment: cost or other basis
$95,871
-
10b · Land, buildings and equipment: accumulated depreciation
$71,722
-
10c · Land, buildings and equipment, net
beginning of year $31,654 · end of year $24,149
-
11 · Investments: publicly traded securities
beginning of year $946,053 · end of year $992,613
-
15 · Other assets
beginning of year $349,177 · end of year $288,015
-
17 · Accounts payable and accrued expenses
beginning of year $80,902 · end of year $7,235
-
19 · Deferred revenue
beginning of year $12,500 · end of year $10,000
-
25 · Other liabilities
beginning of year $350,818 · end of year $287,147
-
27 · Net assets without donor restrictions
beginning of year $2,431,253 · end of year $2,382,911
-
28 · Net assets with donor restrictions
end of year $150,000
Mission and programs · 2024
Mission
ASSOCIATED BLACK CHARITIES ABC IS A RACIAL EQUITY ORGANIZATION THAT WORKS AS AN EDUCATOR ADVOCATE SUPPORTER AND CONVENER TO ADDRESS AND ELIMINATE THE BARRIERS CREATED BY STRUCTURAL RACISM AND TO ADVANCE LONG-TERM SOLUTIONS THAT CREATE NEW OPPORTUNITIES FOR BLACK PEOPLE TO THRIVE. AS A CATALYST FOR RACIAL AND ECONOMIC EQUITY ABC EMPOWERS BLACK COMMUNITIES BY ADDRESSING SYSTEMIC BARRIERS TO OPPORTUNITY. THROUGH ADVOCACY EDUCATION LEADERSHIP DEVELOPMENT AND STRATEGIC PARTNERSHIPS ABC STRIVES TO ELIMINATE DISPARITIES IN ACCESS TO RESOURCES.
Activities or mission (Part I)
SEE PART III, LINE 1.
-
COMMUNITY CONVERSATIONS: COMMUNITY CONVOS ARE ABC'S SIGNATURE DIALOGUE SPACES WHERE RESIDENTS, ADVOCATES, AND LEADERS COME TOGETHER TO CONFRONT THE ISSUES SHAPING LIFE IN BALTIMORE. ROOTED IN HONESTY, CULTURE, AND CARE, THESE CONVERSATIONS ARE DESIGNED TO AMPLIFY COMMUNITY VOICES AND CREATE SPACE FOR STORIES THAT ARE OFTEN SILENCED OR IGNORED. EACH SESSION CENTERS LIVED EXPERIENCE - WHETHER ADDRESSING HOUSING INSECURITY, HEALTHCARE DISPARITIES, EDUCATION, OR ECONOMIC OPPORTUNITY - AND PLACES THOSE MOST IMPACTED AT THE HEART OF THE DIALOGUE.
Expenses $262,195
-
ABC ACADEMY: OUR LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO EMPOWER INDIVIDUALS WITH TOOLS AND TRAINING FOCUSED ON RACIAL EQUITY LEADERSHIP AND PROFESSIONAL GROWTH. THE ACADEMY HAS BEEN INSTRUMENTAL IN TRAINING BLACK LEADERS TO DRIVE CHANGE IN THEIR FAMILIES WORKPLACE AND COMMUNITIES.
Expenses $110,637
-
RACIAL EQUITY TRAINING: ABC'S RACIAL EQUITY PROGRAMMING PROVIDES TOOLS, TRAINING, AND THOUGHT LEADERSHIP TO DISMANTLE SYSTEMIC BARRIERS AND BUILD PATHWAYS TOWARD EQUITY IN WORKPLACES, COMMUNITIES, AND INSTITUTIONS. THROUGH THE ABC ACADEMY, EQUITY AT WORK WEBINARS, AND TAILORED RACIAL EQUITY TRAINING SESSIONS, WE EQUIP ORGANIZATIONS, LEADERS, AND EVERYDAY PEOPLE WITH THE KNOWLEDGE AND FRAMEWORKS TO UNDERSTAND INEQUITIES, RECOGNIZE THEIR ROLE IN PERPETUATING OR CHALLENGING THEM, AND IMPLEMENT PRACTICES THAT DRIVE SYSTEMIC CHANGE. THROUGH THIS WORK, ABC NURTURES A CITYWIDE AND STATEWIDE CULTURE OF EQUITY, PREPARING LEADERS AT EVERY LEVEL TO NOT JUST NAME INJUSTICE, BUT TO DISRUPT IT AND DESIGN INSTITUTIONS THAT SERVE EVERYONE.
Expenses $109,879
-
EQUITY IN ACTION CONFERENCE: THIS ANNUAL EVENT CONVENES COMMUNITY LEADERS POLICYMAKERS AND ADVOCATES TO DISCUSS STRATEGIES FOR EMBEDDING EQUITY IN ALL AREAS OF PUBLIC LIFE. IT IS A CORNERSTONE OF OUR WORK IN BALTIMORE OFFERING ACTIONABLE INSIGHTS AND TOOLS FOR CHANGE.
Expenses $69,716 · Revenue $3,152
-
TEEN FINANCIAL LITERACY SUMMIT: DESIGNED TO EQUIP BLACK YOUTH WITH THE FINANCIAL KNOWLEDGE AND SKILLS NEEDED FOR LONG-TERM SUCCESS THIS SUMMIT IS A CRITICAL PART OF OUR WORK IN EMPOWERING THE NEXT GENERATION.
Expenses $51,530
-
MEN'S NIGHT OUT
Expenses $38,647 · Revenue $7,375
-
THE COOKOUT
Expenses $71,990
-
WOMEN ON THE MOVE
Expenses $43,194 · Revenue $7,030
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tawana BhagwatTAWANA BHAGWAT
IMMEDIATE PAST CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Tony Torain IITONY TORAIN II
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Cylia Lowe-SmithCYLIA LOWE-SMITH
1ST VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Granville Templeton IIIGRANVILLE TEMPLETON III
2ND VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Christopher R RockeyCHRISTOPHER R ROCKEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Zed SmithZED SMITH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Allyson BlackALLYSON BLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Danielle C BrownDANIELLE C BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle M BrownMICHELLE M BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Natasha M DartigueNATASHA M DARTIGUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Byron T DeeseBYRON T DEESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jean-Claude Fresnel JrJEAN-CLAUDE FRESNEL JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandon LockettBRANDON LOCKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thibault ManekinTHIBAULT MANEKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tyler MaysTYLER MAYS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kishka F McClainKISHKA F MCCLAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason MurphyJASON MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Taber J SmallTABER J SMALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert Ra TurnerROBERT RA TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris ThorntonCHRIS THORNTON
PRESIDENT AND CEO
- Total calculated
- $273,347
- From this org
- $260,829
- From related orgs
- $0
- Other
- $12,518
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $245,829
- Bonus
- $15,000
- Other
- $0
- Deferred
- $6,518
- Nontaxable benefits
- $6,000
- Filer's total
- $273,347
-
Bernard SimsBERNARD SIMS
DIRECTOR OF CULTURE & COMMUNITY
- Total calculated
- $115,767
- From this org
- $106,729
- From related orgs
- $0
- Other
- $9,038
- Hours/week
- 40
-
Cynthia ToddCYNTHIA TODD
DIRECTOR OF OPERATIONS
- Total calculated
- $115,151
- From this org
- $106,336
- From related orgs
- $0
- Other
- $8,815
- 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 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- CHRIS THORNTON RECEIVED A $15,000 PERFORMANCE-BASED BONUS IN 2024.
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
- 30 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513039349300606
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