Form 990 for tax year 2023
Filed by CENTER FOR STRATEGIC ECONOMIC STUDIES AND INSTITUTIONAL DVLP INC.
Totals
- Total revenue
- $3,473,182
- Total expenses
- $3,071,248
- Contributions and grants received
- $2,980,296
- Grants paid
- $61,250
- Program service revenue
- $492,886
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,721,946
- Total liabilities, end of year
- $2,324,884
- Net assets or fund balances, end of year
- $397,062
- Program services expenses (Part IX)
- $2,588,956
- Management and general expenses
- $348,241
- Fundraising expenses
- $134,051
- Program service expenses (Part III)
- $2,588,956
Program services were 84.3% 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.
-
1e · Government grants (contributions)
$2,115,296
-
1f · All other contributions, gifts and grants
$865,000
-
2a · Program service revenue: Program Service Fees
total $492,886 · related or exempt $492,886
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $61,250 · program services $61,250
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $789,394 · program services $421,829 · management and general $261,409 · fundraising $106,156
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $48,661 · program services $29,196 · management and general $12,166 · fundraising $7,299
-
10 · Payroll taxes
total $51,522 · program services $30,913 · management and general $12,880 · fundraising $7,729
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,012,087 · program services $1,986,470 · management and general $25,617
-
12 · Advertising and promotion
total $6,971 · management and general $6,971
-
13 · Office expenses
total $2,539 · program services $2,539
-
14 · Information technology
total $25,396 · program services $25,396
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $31,968 · program services $25,574 · fundraising $6,394
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $6,473 · fundraising $6,473
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $17,549 · management and general $17,549
-
24a · Other expenses: TELEPHONE
total $10,257 · management and general $10,257
-
24b · Other expenses: MISCELLANEOUS
total $5,000 · program services $5,000
-
24c · Other expenses: License & Permits
total $591 · management and general $591
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $550 · program services $550
-
24e · All other expenses
total $1,040 · program services $239 · management and general $801
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $463,997 · end of year $676,592
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $11,728 · end of year $1,787,332
-
4 · Accounts receivable
beginning of year $67,500 · end of year $258,022
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $541,108 · end of year $2,320,793
-
25 · Other liabilities
beginning of year $6,988 · end of year $4,091
-
27 · Net assets without donor restrictions
beginning of year -$4,870 · end of year $397,062
Mission and programs · 2023
Mission
THE CENTER BY LENDISTRY IS A NONPROFIT ORGANIZATION THAT SUPPORTS DIVERSE SMALL BUSINESSES THROUGH EDUCATION, TECHNICAL ASSISTANCE, AND ACCESS TO COMPETITIVE FINANCING. OUR MISSION IS TO CLOSE THE RACIAL WEALTH GAP BY ANCHORING SMALL BUSINESSES AND THE COMMUNITIES WHERE THEY DO BUSINESS.
-
TCBL PROVIDES DIRECT CONSULTING AND ADVISING SERVICES TO DIVERSE SMALL BUSINESSES TO ENSURE THAT THEY CAN ACCESS CREDIT/CAPITAL, INCREASE REVENUE, RETAIN AND/OR GROW JOBS, AND BUILD WEALTH IN THEIR COMMUNITIES. TCBL ALSO SERVES AS A REGIONAL CONVENOR OF MISSION- BASED LENDERS, BUSINESS DEVELOPMENT ORGANIZATIONS AND OTHER CDFIS TO DEPLOY RECOVERY RESOURCES NATIONWIDE.
Expenses $2,588,956 · Grants $64,250 · Revenue $492,886
As filed on the 2023 return.
Listed in Part VII
-
Tunua Thrash-Ntuk
President & CEO
- Total calculated
- $0
- Hours/week
- 40
-
Stan Washington
Chair
- Total calculated
- $0
- Hours/week
- 5
-
Adey Tesfaye
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
McKell Beamon
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Warren Chambers
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Leeann Lynch
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
P David Bramble
Board Member
- Total calculated
- $0
- Hours/week
- 3
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
-
DiverseForce LLC
$61,250
Fiscal Sponsor/Event Sponsorships
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442639349301274
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