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Nonprofiteer
← AMERICAN ASSOCIATION OF BLACKS IN ENERGY

Form 990 for tax year 2023

Filed by AMERICAN ASSOCIATION OF BLACKS IN ENERGY.

Totals

Total revenue
$2,998,349
Total expenses
$3,196,545
Contributions and grants received
$485,897
Grants paid
$38,355
Program service revenue
$2,512,445
Investment income
$7
Other revenue
$0
Total assets, end of year
$1,925,509
Total liabilities, end of year
$1,353,309
Net assets or fund balances, end of year
$572,200
Program services expenses (Part IX)
$2,952,255
Management and general expenses
$244,290
Fundraising expenses
$0
Program service expenses (Part III)
$2,952,255

Program services were 92.4% 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.

  • 1b · Membership dues

    $391,306

  • 1f · All other contributions, gifts and grants

    $94,591

  • 2a · Program service revenue: CONFERENCE REVENUE

    total $2,318,200 · related or exempt $2,318,200

  • 2b · Program service revenue: SUMMIT REVENUE

    total $194,245 · related or exempt $194,245

  • 3 · Investment income

    total $7 · related or exempt $7

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $38,355 · program services $38,355

  • 5 · Compensation of officers, directors and key employees

    total $150,000 · program services $150,000

  • 7 · Other salaries and wages

    total $511,290 · program services $511,290

  • 9 · Other employee benefits

    total $68,875 · program services $68,875

  • 10 · Payroll taxes

    total $49,594 · program services $49,594

  • 11b · Fees: legal

    total $59,994 · management and general $59,994

  • 11g · Fees: other

    total $366,658 · program services $366,658

  • 12 · Advertising and promotion

    total $26,443 · program services $26,443

  • 13 · Office expenses

    total $7,942 · management and general $7,942

  • 14 · Information technology

    total $55,199 · program services $45,551 · management and general $9,648

  • 16 · Occupancy

    total $65,691 · program services $21,897 · management and general $43,794

  • 17 · Travel

    total $89,728 · program services $89,728

  • 19 · Conferences, conventions and meetings

    total $1,488,186 · program services $1,488,186

  • 22 · Depreciation, depletion and amortization

    total $8,750 · management and general $8,750

  • 23 · Insurance

    total $7,973 · program services $7,973

  • 24a · Other expenses: ENERGY SUMMIT EXP

    total $58,157 · program services $58,157

  • 24b · Other expenses: MOVING EXPENSE

    total $45,797 · management and general $45,797

  • 24c · Other expenses: CREDIT CARD & BANK FEES

    total $23,784 · management and general $23,784

  • 24d · Other expenses: BOARD EXPENSES

    total $22,341 · management and general $22,341

  • 24e · All other expenses

    total $51,788 · program services $29,548 · management and general $22,240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $370,840 · end of year $880,136

  • 2 · Savings and temporary cash investments

    beginning of year $1,000 · end of year $35,806

  • 3 · Pledges and grants receivable

    beginning of year $515,047 · end of year $400,000

  • 4 · Accounts receivable

    beginning of year $600,000 · end of year $219,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $113,354 · end of year $360,865

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

    $42,721

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

    $29,061

  • 10c · Land, buildings and equipment, net

    beginning of year $10,237 · end of year $13,660

  • 14 · Intangible assets

    beginning of year $24,792 · end of year $16,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $126,526 · end of year $256,658

  • 19 · Deferred revenue

    beginning of year $738,348 · end of year $1,096,651

  • 27 · Net assets without donor restrictions

    beginning of year $770,396 · end of year $572,200

Mission and programs · 2023

Mission

TO PROVIDE DIRECT INPUT INTO THE DELIBERATIONS AND DEVELOPMENTS OF ENERGY POLICIES, REGULATIONS, EMERGING TECHNOLOGIES, AND ENVIRONMENTAL ISSUES.

  • AMERICAN ASSOCIATION OF BLACKS IN ENERGY (AABE) HOLDS AN ANNUAL CONFERENCE AND ANNUAL ENERGY POLICY SUMMIT. AABE IS FOCUSED ON THE TASK OF HELPING OUR MEMBERSHIP UNDERSTAND THE IMPLICATIONS OF PUBLIC POLICY DEVELOPMENTS RELATED TO ENERGY, THE ENVIRONMENT, TECHNOLOGICAL ADVANCEMENT, AND ECONOMIC DEVELOPMENT. AABE ALSO REPUBLISHES REGULAR PRESS RELEASES TO THE ENERGY SECTOR ON ITS WEBSITE.

    Expenses $2,913,900 · Revenue $2,512,445

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $38,355 · Grants $38,355

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Ralph Cleveland

    PRESIDENT/CE

    Total calculated
    $150,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rick Thigpen

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Moanica Caston

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
2 July 2024
IRS schema version
2023v5.0
Source object
202401859349300720

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