Totals
- Total revenue
- $169,280
- Total expenses
- $192,955
- Contributions and grants received
- $169,267
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $13
- Other revenue
- $0
- Total assets, end of year
- $80,885
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $80,885
- Program services expenses (Part IX)
- $91,131
- Management and general expenses
- $66,659
- Fundraising expenses
- $35,165
- Program service expenses (Part III)
- $91,131
Program services were 47.2% 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
$162,267
-
1e · Government grants (contributions)
$5,000
-
1f · All other contributions, gifts and grants
$2,000
-
3 · Investment income
total $13 · related or exempt $13
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $109,098 · program services $50,611 · management and general $36,879 · fundraising $21,608
-
10 · Payroll taxes
total $11,259 · program services $5,152 · management and general $3,801 · fundraising $2,306
-
11a · Fees: management
total $19,500 · program services $1,500 · management and general $9,000 · fundraising $9,000
-
11c · Fees: accounting
total $11,240 · management and general $11,240
-
12 · Advertising and promotion
total $2,340 · program services $89 · fundraising $2,251
-
13 · Office expenses
total $3,435 · program services $1,481 · management and general $1,954
-
14 · Information technology
total $2,794 · management and general $2,794
-
17 · Travel
total $4,792 · program services $4,482 · management and general $310
-
19 · Conferences, conventions and meetings
total $65 · management and general $65
-
22 · Depreciation, depletion and amortization
total $588 · program services $588
-
23 · Insurance
total $342 · management and general $342
-
24a · Other expenses: CATERING SERVICES
total $3,733 · program services $3,619 · management and general $114
-
24b · Other expenses: FIELD TRIPS
total $2,856 · program services $2,856
-
24c · Other expenses: TAXES AND LICENSING
total $160 · management and general $160
-
24d · Other expenses: GIFTS
total $17,954 · program services $17,954
-
24e · All other expenses
total $2,799 · program services $2,799
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $121,519 · end of year $75,885
-
4 · Accounts receivable
end of year $5,000
-
17 · Accounts payable and accrued expenses
beginning of year -$20
-
24 · Unsecured notes and loans payable
beginning of year $16,979
-
27 · Net assets without donor restrictions
beginning of year -$48,205 · end of year $78,385
-
28 · Net assets with donor restrictions
beginning of year $152,765 · end of year $2,500
Mission and programs · 2024
Mission
THE BLACK ECONOMIC COLLECTIVE IS A GRASSROOTS, COMMUNITY-BASED ORGANIZATION WITH A MISSION OF COMMUNITY DEVELOPMENT THROUGH FINANCIAL EDUCATION, RESOURCE ALLOCATION, AND A COLLABORATIVE EFFORT.
-
BECS ECONOMIC EMPOWERMENT INITIATIVE IS DEMONSTRATED THROUGH MULTIPLE PROJECTS SUCH AS OUR FINANCIAL LITERACY WORKSHOPS, ANNUAL HOMEOWNERSHIP WORKSHOP AND OUR SUPPORT BLACK BUSINESS CHALLENGE.
Expenses $91,131
-
BECS YOUTH ENRICHMENT INITIATIVE IS CARRIED OUT THROUGH OUR LITTLE AFRICA PROGRAM. LITTLE AFRICA IS A MENTORSHIP PROGRAM, GEARED TOWARDS BLACK MALE YOUTH WHERE WE EXPOSE THEM TO THE GREATER OUTDOORS, CONNECT THEM TO WORK OPPORTUNITIES AND AID THEM IN DEVELOPING LIFE SKILLS THAT ARE VITAL COMPONENTS OF ADULTHOOD, NECESSARY FOR THRIVING IN THE WORLD WE LIVE IN.
-
BECS COMMUNITY OUTREACH INITIATIVE IS PRIMARILY EXPRESSED THROUGH A CONCERTED,INTENTIONAL EFFORT TO HIGHLIGHT AND APPRECIATE THE AMAZING WORK BEING DONE BY OTHER BLACK ORGANIZATIONS AS WELL AS THE SERVICES PROVIDED BY OUR LOCAL BLACK BUSINESSES.
As filed on the 2024 return.
Listed in Part VII
-
Brian OdomBRIAN ODOM
EXECUTIVE DIRECTOR
- Total calculated
- $55,403
- From this org
- $55,403
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Christian HudnellCHRISTIAN HUDNELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jreyesha BrannonJREYESHA BRANNON
BOARD CHAIR - SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Okechukwa NweremOKECHUKWA NWEREM
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jataune HallJATAUNE HALL
BOARD MEMBER
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541359349312544
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