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Nonprofiteer
← AFRICAN AMERICAN EMPOWERMENT NETWORK INC

Form 990 for tax year 2024

Filed by AFRICAN AMERICAN EMPOWERMENT NETWORK INC.

Totals

Total revenue
$3,253,828
Total expenses
$4,057,459
Contributions and grants received
$3,359,315
Grants paid
$0
Program service revenue
$0
Investment income
$62,791
Other revenue
-$168,278
Total assets, end of year
$4,800,571
Total liabilities, end of year
$4,159,782
Net assets or fund balances, end of year
$640,789
Program services expenses (Part IX)
$3,442,901
Management and general expenses
$602,558
Fundraising expenses
$12,000
Program service expenses (Part III)
$3,442,901

Program services were 84.9% 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.

  • 1e · Government grants (contributions)

    $1,870,881

  • 1f · All other contributions, gifts and grants

    $1,488,434

  • 3 · Investment income

    total $62,791 · related or exempt $62,791

  • 6a · Gross rents

    real property $45,852

  • 6b · Less rental expenses

    real property $214,130

  • 6c · Rental income or loss

    real property -$168,278

  • 6d · Net rental income or loss

    total -$168,278 · related or exempt -$168,278

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $120,000 · program services $108,000 · fundraising $12,000

  • 7 · Other salaries and wages

    total $1,177,463 · program services $932,737 · management and general $244,726

  • 9 · Other employee benefits

    total $30,082 · management and general $30,082

  • 10 · Payroll taxes

    total $100,913 · program services $81,419 · management and general $19,494

  • 11c · Fees: accounting

    total $43,250 · management and general $43,250

  • 11g · Fees: other

    total $414,078 · program services $385,966 · management and general $28,112

  • 12 · Advertising and promotion

    total $31,130 · program services $28,299 · management and general $2,831

  • 13 · Office expenses

    total $32,762 · program services $20,483 · management and general $12,279

  • 16 · Occupancy

    total $58,011 · program services $13,484 · management and general $44,527

  • 19 · Conferences, conventions and meetings

    total $346,472 · program services $338,701 · management and general $7,771

  • 20 · Interest

    total $7,615 · program services $7,563 · management and general $52

  • 22 · Depreciation, depletion and amortization

    total $16,456 · program services $3,959 · management and general $12,497

  • 23 · Insurance

    total $33,773 · program services $4,270 · management and general $29,503

  • 24a · Other expenses: JOB PROGRAM

    total $801,281 · program services $801,281

  • 24b · Other expenses: OUTSIDE CONTRACT SERVIC

    total $182,932 · program services $168,229 · management and general $14,703

  • 24c · Other expenses: SPEAKER FEES

    total $167,889 · program services $167,889

  • 24d · Other expenses: FOOD & BEVERAGE

    total $141,845 · program services $135,368 · management and general $6,477

  • 24e · All other expenses

    total $351,507 · program services $245,253 · management and general $106,254

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $764,726 · end of year $3,881,481

  • 3 · Pledges and grants receivable

    beginning of year $1,420,443 · end of year $839,109

  • 9 · Prepaid expenses and deferred charges

    beginning of year $806 · end of year $12,559

  • 10a · Land, buildings and equipment: cost or other basis

    $144,386

  • 10b · Land, buildings and equipment: accumulated depreciation

    $81,515

  • 10c · Land, buildings and equipment, net

    beginning of year $22,414 · end of year $62,871

  • 14 · Intangible assets

    end of year $1,495

  • 15 · Other assets

    beginning of year $3,056 · end of year $3,056

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,687 · end of year $45,175

  • 25 · Other liabilities

    beginning of year $68,623 · end of year $4,114,607

  • 27 · Net assets without donor restrictions

    beginning of year $966,051 · end of year -$518,295

  • 28 · Net assets with donor restrictions

    beginning of year $1,159,084 · end of year $1,159,084

Mission and programs · 2024

Mission

THE ORGANIZATION HOSTS MEETINGS, SUMMITS, CONFERENCES, AND FOCUS GROUPS WITH RESIDENTS AND LEADERS TO IDENTIFY KEY ISSUES AND SOLUTIONS. RESIDENTS AND STAKEHOLDERS PROVIDE INPUT ON ISSUES, SOLUTIONS, AND PRIORITIES.

Activities or mission (Part I)

TO TRANSFORM THE CITY OF OMAHA INTO A GREAT CITY, THRIVING AND PROSPEROUS, WHERE ALL CITIZENS ARE ENGAGED AND EMPOWERED AND HAVE FULL ACCESS TO THE INCREDIBLE OPPPORTUNITIES THAT ARE AVAILABLE.

  • HOSTED AND COORDINATED MEETINGS BETWEEN COMMUNITY RESIDENTS AND LEADERS TO DEVELOP STRATEGIC PLANS AND A COMPREHENSIVE 7 STEP EMPOWERMENT PLAN

    Expenses $2,285,187

  • STEP UP OMAHA PROVIDES SUMMER JOBS, INTERNSHIPS, WORK EXPERIENCE, VOCATIONAL TRAINING, ACADEMIC RECOVERY AND REMEDIATION, LIFE SKILLS TRANING AND COMMUNITY SERVICE OPPORTUNITIES.

    Expenses $927,222

  • THE OMAHA 360 PROGRAM SEEKS TO REDUCE HOMICIDES CITY-WIDE AND IN TARGETED AREAS. TO REDUCE GUN VIOLENCE. TO REDUCE YOUTH VIOLENCE AND GANG VIOLENCE. TO PROVIDE POSITIVE ALTERNATIVES AND ACTITIVIES. TO CREATE STRONGER RELATIONSHIPS BETWEEN POLICE AND THE COMMUNITY. TO IMPLEMENT POLICE ACCOUNTABILITY AND JUSTICE REFORM RECOMMENDATIONS.

    Expenses $230,492

As filed on the 2024 return.

Listed in Part VII

  • TIMOTHY CHRISTIAN

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • TERESA HUNTER

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • CYNTHIA HUME

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • AARON AUSTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • KARNETTA RUSHING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • WILLIE BARNEY

    PRESIDENT

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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 November 2025
IRS schema version
2024v5.2
Source object
202503219349306935

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