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Nonprofiteer
← BLACK ECONOMIC ALLIANCE

Form 990 for tax year 2022

Filed by BLACK ECONOMIC ALLIANCE.

Totals

Total revenue
$1,880,503
Total expenses
$1,883,122
Contributions and grants received
$1,880,503
Grants paid
$2,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$913,892
Total liabilities, end of year
$1,880
Net assets or fund balances, end of year
$912,012
Program services expenses (Part IX)
$788,087
Management and general expenses
$427,275
Fundraising expenses
$667,760
Program service expenses (Part III)
$788,087

Program services were 41.9% 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.

  • 1d · Related organizations

    $117,500

  • 1f · All other contributions, gifts and grants

    $1,763,003

  • 8a · Fundraising events: gross income

    $117,500

  • 8b · Fundraising events: direct expenses

    $117,500

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 5 · Compensation of officers, directors and key employees

    total $84,971 · program services $7,966 · management and general $30,048 · fundraising $46,957

  • 7 · Other salaries and wages

    total $5,149 · program services $2,211 · management and general $1,146 · fundraising $1,792

  • 9 · Other employee benefits

    total $2,243 · program services $964 · management and general $499 · fundraising $780

  • 10 · Payroll taxes

    total $57,354 · program services $24,632 · management and general $12,768 · fundraising $19,954

  • 11b · Fees: legal

    total $176,734 · program services $76,331 · management and general $38,568 · fundraising $61,835

  • 11c · Fees: accounting

    total $46,850 · program services $23,002 · management and general $11,924 · fundraising $11,924

  • 11g · Fees: other

    total $363,214 · program services $153,597 · management and general $79,620 · fundraising $129,997

  • 12 · Advertising and promotion

    total $551,231 · program services $236,737 · management and general $122,717 · fundraising $191,777

  • 13 · Office expenses

    total $18,259 · program services $7,842 · management and general $4,065 · fundraising $6,352

  • 14 · Information technology

    total $25,297 · program services $10,864 · management and general $5,632 · fundraising $8,801

  • 16 · Occupancy

    total $23,370 · program services $10,037 · management and general $5,203 · fundraising $8,130

  • 17 · Travel

    total $21,060 · program services $9,045 · management and general $4,688 · fundraising $7,327

  • 18 · Travel or entertainment for public officials

    total $182,161 · program services $78,233 · management and general $40,553 · fundraising $63,375

  • 20 · Interest

    total $73,975 · program services $31,770 · management and general $16,469 · fundraising $25,736

  • 24a · Other expenses: CONSULTANTS & PROFESSIO

    total $222,198 · program services $95,941 · management and general $49,266 · fundraising $76,991

  • 24b · Other expenses: RESEARCH AND DEVELOPMEN

    total $16,000 · program services $6,872 · management and general $3,562 · fundraising $5,566

  • 24c · Other expenses: OTHER EXPENSES

    total $8,969 · program services $8,969

  • 24d · Other expenses: INTEREST EXPENSE

    total $1,192 · program services $512 · management and general $265 · fundraising $415

  • 24e · All other expenses

    total $395 · program services $62 · management and general $282 · fundraising $51

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $231,888 · end of year $929,778

  • 12 · Investments: other securities

    beginning of year $682,743 · end of year -$15,886

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,880

  • 29 · Capital stock, trust principal or current funds

    beginning of year $914,631 · end of year $912,012

  • 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 $0 · end of year $0

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE ECONOMIC OUTCOMES FOR BLACK PEOPLE AT SCALE, FOCUSING ON THREE CORE AREAS: WORK, WAGES AND WEALTH.

  • THE ORGANIZATION CONDUCTED RESEARCH AND ENGAGED IN COMMUNICATIONS AND OUTREACH ACTVITIES TO ADVOCATE FOR AN ECONOMIC AGENDA TO IMPROVE ECONOMIC OUTCOMES FOR BLACK PEOPLE AT SCALE, FOCUSING ON THREE CORE AREAS: WORK, WAGES AND WEALTH.

As filed on the 2022 return.

Listed in Part VII

  • N ANTHONY COLES JR

    DIRECTOR, PRESIDENT-PARTIAL YEAR

    Total calculated
    $0
    Hours/week
    3.3 + 6.7 related

  • VICKI PALMER

    DIRECTOR,TREASURER

    Total calculated
    $0
    Hours/week
    2.6 + 5.4 related

  • CHARLES PHILLIPS

    DIRECTOR, SECRETARY-PARTIAL YEAR

    Total calculated
    $0
    Hours/week
    3.3 + 6.7 related

  • TIA BREAKLEY

    DIRECTOR, ASST TREASURER

    Total calculated
    $0
    Hours/week
    1.3 + 2.7 related

  • KNEELAND YOUNGBLOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7 + 1.3 related

  • ROBYN COLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.3 + 6.7 related

  • DEVAL PATRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7 + 1.3 related

  • BRODERICK JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7 + 1.3 related

  • MATTIE MCFADDEN-LAWSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7 + 1.3 related

  • RICHELIEU DENNIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7 + 1.3 related

  • DAVID CLUNIE

    PRESIDENT, EXEC. DIR UNITL-12-31-2022

    Total calculated
    $309,496
    From this org
    $182,021
    From related orgs
    $127,475
    Other
    $0
    Hours/week
    17.9 + 22.1 related

    Schedule J breakdown matched by us

    Base
    $182,021 + $127,475 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $182,021 + $127,475 related

  • SAMANTHA TWEEDY

    HCE

    Total calculated
    $417,291
    From this org
    $0
    From related orgs
    $417,291
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,291 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $417,291 related

  • SHARI THOMAS

    HCE

    Total calculated
    $115,649
    From this org
    $115,649
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 9 · Followed the rebuttable-presumption procedure

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349329478

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