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Nonprofiteer
← THE IMPERATIVE

Form 990 for tax year 2022

Filed by THE IMPERATIVE.

Totals

Total revenue
$68,866
Total expenses
$64,904
Contributions and grants received
$68,866
Grants paid
$41,054
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$230,076
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$230,076
Program services expenses (Part IX)
$60,381
Management and general expenses
$1,854
Fundraising expenses
$2,669
Program service expenses (Part III)
$60,381

Program services were 93.0% 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.

  • 1f · All other contributions, gifts and grants

    $68,866

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $41,054 · program services $41,054

  • 13 · Office expenses

    total $910 · management and general $910

  • 14 · Information technology

    total $3,465 · management and general $796 · fundraising $2,669

  • 17 · Travel

    total $14,327 · program services $14,327

  • 24a · Other expenses: CONFERENCE SPACE RENTAL

    total $5,000 · program services $5,000

  • 24b · Other expenses: BANK FEES

    total $148 · management and general $148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $226,114 · end of year $230,076

  • 27 · Net assets without donor restrictions

    beginning of year $226,114 · end of year $230,076

Mission and programs · 2022

Mission

BUILDING A NEW PHILATHROPIC INSTITUTION SOLELY FOCUSED ON PROMOTING THE WEALTH, HEALTH AND CONNECTEDNESS OF BLACK PEOPLE.

  • WE ARE ESTABLISHING A FUND TO MAKE STRATEGIC INVESTMENTS THAT IMPROVE WEALTH AND HEALTH WHILE INCREASING THE SOCIAL AND ECONOMIC TIES OF BLACK PEOPLE GLOBALLY. OUR ROLES IN ADDITION TO OUR ROLE AS A FUNDER AND INVESTOR, THE IMPERATIVE WILL ALSO SERVE IN THE FOLLOWING CAPACITIES IN PHILANTHROPY: CONVENER WE WILL REGULARLY BUILD RELATIONSHIPS AND BRING STAKEHOLDERS TOGETHER TO IDENTIFY BOTH IMMEDIATE AND LONG-TERM NEEDS FOR THE CULTURE. IN COMING TOGETHER, WE WILL LEARN ABOUT BEST PRACTICES AND STRATEGIZE ON A UNITED PATH FORWARD FOR BLACK PEOPLE COLLABORATOR WE WILL REGULARLY CREATE AND SEEK OPPORTUNITIES TO COLLABORATE WITH OTHER PHILANTHROPIES, PUBLIC AND PRIVATE SECTORS TO ACHIEVE OUR STATED MISSION. COMMUNICATOR WE WILL USE OUR ROLE WITHIN PHILANTHROPY TO EXPRESS IDEAS THAT GIVE PEOPLE COVER TO ADDRESS ISSUES IN OUR COMMUNITIES WITHOUT FEAR OF LOSS OF FUNDING. OUR RESEARCH, PUBLICATIONS AND INVESTMENTS WILL SERVE AS DIRECTION TO THOSE WANTING TO SUPPORT THE INTERESTS OF BLACK PEOPLE

    Expenses $60,381 · Grants $41,054

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alicia Adamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Alexandra Bastien

    PRESIDENT/SE

    Total calculated
    $0
    Hours/week
    25

  • Olu Fann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Josina Machel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael McAfee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ade Oguntoye

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Shane Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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
2022
Filed
14 March 2025
IRS schema version
2022v5.0
Source object
202511229349302476

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