Form 990 for tax year 2022
Filed by SF BLACK WALL STREET FOUNDATION.
Totals
- Total revenue
- $938,979
- Total expenses
- $778,181
- Contributions and grants received
- $938,979
- Grants paid
- $368,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $243,961
- Total liabilities, end of year
- $22,483
- Net assets or fund balances, end of year
- $221,478
- Program services expenses (Part IX)
- $750,443
- Management and general expenses
- $27,738
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $750,443
Program services were 96.4% 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.
-
1e · Government grants (contributions)
$630,153
-
1f · All other contributions, gifts and grants
$308,826
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $368,000 · program services $368,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $51,365 · program services $51,365
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $4,483 · program services $4,483
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $150 · management and general $150
-
11c · Fees: accounting
total $32,500 · program services $32,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $140,720 · program services $138,220 · management and general $2,500
-
12 · Advertising and promotion
total $4,200 · program services $4,200
-
13 · Office expenses
total $13,924 · program services $3,662 · management and general $10,262
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $26,695 · program services $25,867 · management and general $828
-
17 · Travel
total $1,757 · program services $1,757
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $8,106 · program services $4,911 · management and general $3,195
-
24a · Other expenses: EVENT ENTERTAINMENT
total $56,017 · program services $53,517 · management and general $2,500
-
24b · Other expenses: MEALS
total $24,144 · program services $22,412 · management and general $1,732
-
24c · Other expenses: EVENT SUPPORT
total $21,927 · program services $21,897 · management and general $30
-
24d · Other expenses: PROGRAM SUPPLIES
total $7,669 · program services $7,055 · management and general $614
-
24e · All other expenses
total $16,524 · program services $10,597 · management and general $5,927
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $78,796 · end of year $106,678
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $30,629 · end of year $137,283
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $48,745 · end of year $18,984
-
25 · Other liabilities
end of year $3,499
-
27 · Net assets without donor restrictions
beginning of year $60,680 · end of year $221,478
Mission and programs · 2022
Mission
SF Black Wallstreet was founded in June 2020 by a group of seven Black San Francisco natives in response to the devastating impact of COVID-19 and anti-Black racism on Black business, cultural space, and stakeholdership. We are a network of community servants, professionals, and cultural influencers who are committed to Black sovereignty.
-
BLACK MILLIONAIRE DEVELOPMENT PROGRAM - THE PROGRAM AIMS TO INCREASE THE NUMBER OF BLACK MICRO-BUSINESSES AND NONTRADITOINAL BUSINESS OWNERS IN THE SAN FRANCISCO COMMUNITY, STABILIZE EXISTING MICROBUSINESSES, CONNECT BUSINESS OWNERS TO SERVICE PROVIDERS AND INCREASE NETWORKING & SUPPORT AMONG PARTICIPATING ENTREPRENEURS. BMDP STAFF ASSIST IN CONNECTING OVER 20 BMDP GRADUATES TO OTHER PROGRAMS FOR TRAINING, GRANTS AND MENTORSHIPS. IN 2022, BMDP HAS PROVIDED OVER $360,000 IN MINI-GRANT INVESTMENTS AND HAS 44 SUCCESSFUL GRADUATES OF WOMEN, MEN AND YOUNG ADULTS. THESE BMDP GRADUATES CONTINUE TO BE PART OF THE SFBWS NETWORK.
Expenses $582,975 · Grants $363,000
-
JUNETEENTH -THE EVENT BUILDS ON THE 70-YEAR TRADITION OF JUNETEENTH CELEBRATIONS UPLIFTING BLACK CULTURE AND FREEDOM IN SAN FRANCISCO. BAYVIEW JUNETEENTH FEATURES LIVE MUSICAL PERFORMANCES, HORSEBACK RIDING HOSTED BY BLACK COWBOYS, THE BLACK MILLIONAIRE MARKET FEATURING MORE THAN 30 REGISTERED VENDORS, AMUSEMENT PARKS, A HEALTH PAVILION AND VARIETY OF FOOD AND DRINK OPTIONS. THE EVENT INCORPORATES BIPOC, NATIVE SF AND BLACK COMMUNITIES TO COMBAT THE UNDERINVESTMENT INTO THOSE COMMUNITIES. CENTERING THE BLACK COMMUNITIES EXPERIENCE CREATES SPACE FOR ALL MICRO AND SMALL BUSINESSES. CULTIVATING OUTDOOR MARKETS MAKES THAT MODEL INCLUSIVE FOR THOSE ACTIVITIES. AN ESTIMATED 500-700 ATTEND THIS EVENT WITH $29,000 IN TOTAL REPORT SALES FOR THE VENDORS.
Expenses $136,018 · Grants $6,500
-
HUMAN RIGHTS COMMISSION - DREAM KEEPER INITIATIVE -BEGINNING IN SEPTEMBER 2022, DKI SPENT OCTOBER TO DECEMBER ESTABLISHING CURRICULUM, CONSULTANTS, SERVICE MENU AND IDENTIFYING BUSINESS OWNERS WHO ARE ELIGIBLE FOR MASTER CLASSES. BY DECEMBER 2022, 6 SMALL BUSINESSES WERE IDENTIFIED AS HAVING THE POTENTIAL OF GROSSING $250,000 IN THE FOLLOWING YEAR. DKI MASTER CLASSES ARE DESIGNED TO HELP BUSINESSES SCALE THEIR OPERATIONS, ADDRESSING COMPLIANCE AND IMPROVING INFRASTRUCTURE AND ADMINISTRATIVE SYSTEMS THROUGH ONE ON ONE PROFESSIONAL COACHING. SUPPORT PROVIDED IN THE FIRST QUARTER OF 2023 INCLUDES TAX PREPARATION AND REFERRALS TO BOOKKEEPING SERVICE PROVIDERS WITH MINI-GRANT AWARDS
Expenses $31,450 · Grants $5,000
As filed on the 2022 return.
Listed in Part VII
-
Tinisch HollinsTINISCH HOLLINS
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 20
-
Gwendolyn BrownGWENDOLYN BROWN
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 20
-
Tiffany CarterTIFFANY CARTER
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 8
-
Bivett BrackettBIVETT BRACKETT
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 8
-
Kenya BoddieKENYA BODDIE
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 8
-
Jameel PattersonJAMEEL PATTERSON
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 8
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
- 8 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341599349301389
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.