Form 990 for tax year 2023
Filed by ASSOCIATED BLACK CHARITIES INC.
What the amendment changed
Compared with the return it replaced , filed 29 October 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $1,560,316 changed to $2,205,183
- Total expenses
- $1,873,020 changed to $1,874,785
- Contributions and grants received
- $1,230,434 changed to $1,806,700
- Program service revenue
- $211,714 changed to $285,167
- Investment income
- $118,168 changed to $113,316
- Total assets, end of year
- $2,572,787 changed to $2,875,473
- Total liabilities, end of year
- $784,636 changed to $444,220
- Net assets or fund balances, end of year
- $1,788,151 changed to $2,431,253
- Program services expenses
- $358,786 changed to $849,552
- Management and general expenses
- $1,469,722 changed to $960,812
- Fundraising expenses
- $44,512 changed to $64,421
- Program service expenses (Part III)
- $358,786 changed to $849,552
Totals
- Total revenue
- $2,205,183
- Total expenses
- $1,874,785
- Contributions and grants received
- $1,806,700
- Grants paid
- $0
- Program service revenue
- $285,167
- Investment income
- $113,316
- Other revenue
- $0
- Total assets, end of year
- $2,875,473
- Total liabilities, end of year
- $444,220
- Net assets or fund balances, end of year
- $2,431,253
- Program services expenses (Part IX)
- $849,552
- Management and general expenses
- $960,812
- Fundraising expenses
- $64,421
- Program service expenses (Part III)
- $849,552
Program services were 45.3% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$476,172
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$628,270
-
1f · All other contributions, gifts and grants
$702,258
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Program Income
total $243,872 · related or exempt $243,872 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Fee for Service
total $29,100 · related or exempt $29,100 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Sales
total $9,167 · related or exempt $9,167 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Interst
total $3,028 · related or exempt $3,028 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $113,316 · related or exempt $113,316 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $225,000 · program services $120,540 · management and general $104,460 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $551,234 · program services $316,648 · management and general $197,452 · fundraising $37,134
-
8 · Pension plan contributions
total $4,325 · program services $0 · management and general $4,325 · fundraising $0
-
9 · Other employee benefits
total $104,103 · program services $54,207 · management and general $49,896 · fundraising $0
-
10 · Payroll taxes
total $59,982 · program services $42,009 · management and general $15,574 · fundraising $2,399
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $4,712 · program services $0 · management and general $4,712 · fundraising $0
-
11c · Fees: accounting
total $58,855 · program services $0 · management and general $58,855 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $146,241 · program services $105,075 · management and general $40,366 · fundraising $800
-
12 · Advertising and promotion
total $19,416 · program services $2,854 · management and general $16,562 · fundraising $0
-
13 · Office expenses
total $14,346 · program services $46 · management and general $11,035 · fundraising $3,265
-
14 · Information technology
total $55,745 · program services $0 · management and general $55,745 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $46,145 · program services $250 · management and general $45,895 · fundraising $0
-
17 · Travel
total $9,722 · program services $489 · management and general $9,233 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $208,912 · program services $200,268 · management and general $8,144 · fundraising $500
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $5,433 · program services $0 · management and general $5,433 · fundraising $0
-
23 · Insurance
total $8,806 · program services $0 · management and general $8,806 · fundraising $0
-
24a · Other expenses: Executive Severance
total $141,392 · program services $0 · management and general $141,392 · fundraising $0
-
24b · Other expenses: Supplies
total $93,312 · program services $5,107 · management and general $85,882 · fundraising $2,323
-
24c · Other expenses: Dues & Subscriptions
total $51,996 · program services $0 · management and general $33,996 · fundraising $18,000
-
24d · Other expenses: Printing and Publications
total $9,617 · program services $2,059 · management and general $7,558 · fundraising $0
-
24e · All other expenses
total $55,491 · program services $0 · management and general $55,491 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,980,347 · end of year $1,488,251
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $10,159 · end of year $33,500
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $26,950 · end of year $26,838
-
10a · Land, buildings and equipment: cost or other basis
$95,871
-
10b · Land, buildings and equipment: accumulated depreciation
$64,217
-
10c · Land, buildings and equipment, net
beginning of year $16,371 · end of year $31,654
-
11 · Investments: publicly traded securities
beginning of year $832,783 · end of year $946,053
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $50,529 · end of year $349,177
-
17 · Accounts payable and accrued expenses
beginning of year $62,021 · end of year $80,902
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $628,270 · end of year $12,500
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $125,993 · end of year $350,818
-
27 · Net assets without donor restrictions
beginning of year $2,100,855 · end of year $2,431,253
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
See schedule O
-
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 $633,109
-
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 $92,901
-
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 $52,801
-
See Schedule O
Expenses $70,741
As filed on the 2023 return.
Listed in Part VII
-
Chris Thornton
President and CEO
- Total calculated
- $205,961
- From this org
- $205,961
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $225,000
-
Diane Bell-McCoy
Former CEO
- Total calculated
- $141,392
- From this org
- $141,392
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Laurie Benner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cylia Lowe-Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tawana Bhagwat
Chairperson
- Total calculated
- $0
- Hours/week
- 2
-
Thibault Manekin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason Murphy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Damien Myers MD MPH
Director
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Christopher R Rockey
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Taber J Small
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Zed Smith
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Granville Templeton III Esq
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Tony Torain II Esq
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Allyson Black
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Michelle M Brown
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Byron T Deese
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Kenneth Grant
Treasurer
- Total calculated
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Reginald Haysbert
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Chemo Hurley
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Bianca J Jackson
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
-
Brandon Lockett
Director
- Total calculated
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0
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 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I Line 4a
- | Name :, Amount:| Diane Bell-McCoy, 141392|
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
- 2023
- Filed
- 6 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520659349300702
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