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Nonprofiteer
← BLACK IMPACT COMMUNITY FUND INC

Form 990 for tax year 2023

Filed by BLACK IMPACT COMMUNITY FUND INC.

Totals

Total revenue
$479,139
Total expenses
$190,157
Contributions and grants received
$479,139
Grants paid
$123,148
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$654,809
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$654,809
Program services expenses (Part IX)
$163,286
Management and general expenses
$11,433
Fundraising expenses
$15,438
Program service expenses (Part III)
$163,286

Program services were 85.9% 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.

  • 1f · All other contributions, gifts and grants

    $479,139

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $123,148 · program services $123,148

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11g · Fees: other

    total $61,751 · program services $40,138 · management and general $6,175 · fundraising $15,438

  • 13 · Office expenses

    total $258 · management and general $258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $454,961 · end of year $654,809

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $454,961 · end of year $654,809

Mission and programs · 2023

Mission

TO ADDRESS RACIAL WEALTH AND TECHNOLOGICAL INEQUALITY BY PROVIDING UNDERSERVED COMMUNITIES AND MARGINALIZED GROUPS WITH EDUCATIONAL PROGRAMS, CAREER SUPPORT AND OTHER RESOURCES LIKE FINANCIAL COUNSELING THAT WILL HELP THEM BUILD THE SKILLS TO DECREASE MULTIGENERATIONAL POVERTY AND BUILD GENERATIONAL WEALTH.

  • EDUCATIONAL PROGRAMS, CAREER SUPPORT, AND FINANCIAL COUNSELING AIMED TO HELP UNDERSERVED COMMUNITIES AND MARGINALIZED GROUPS BUILD THE SKILLS TO DECREASE MULTIGENERATIONAL POVERTY AND BUILD GENERATIONAL WEALTH.

    Expenses $163,286 · Grants $123,148

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sherri Francois

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Mike Mahurin

    SECRETARY & GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • Joe El Rady

    CFO

    Total calculated
    $0
    Hours/week
    1

  • William O'Neil

    DIRECTOR OF CAPITAL MARKET

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202422959349300542

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