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Nonprofiteer
← AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC

Form 990 for tax year 2023

Filed by AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC.

Totals

Total revenue
$9,148,814
Total expenses
$7,663,902
Contributions and grants received
$8,915,677
Grants paid
$998,000
Program services expenses (Part IX)
$6,361,287
Management and general expenses
$1,302,615
Fundraising expenses
$0
Program service expenses (Part III)
$6,361,287

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Donna Grambrell

    Chair

    Total calculated
    $0
    Hours/week
    120

  • Calvin Holmews

    Vice -Chair

    Total calculated
    $0
    Hours/week
    120

  • Victor Elmore

    Treasurer

    Total calculated
    $0
    Hours/week
    120

  • Vandell Hampton

    Secretary

    Total calculated
    $0
    Hours/week
    120

  • Watchen Bruce

    Director

    Total calculated
    $0
    Hours/week
    120

  • Marshall Crawfoard

    Director

    Total calculated
    $0
    Hours/week
    120

  • Lenwood V Long Sr

    Key Employees

    Total calculated
    $290,000
    From this org
    $290,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $90,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $290,000

  • Amber Bond

    Key Employees

    Total calculated
    $189,583
    From this org
    $189,583
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $14,583
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $189,583

  • Chavella Sangokoya

    Key Employees

    Total calculated
    $168,372
    From this org
    $168,372
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $155,455
    Bonus
    $12,917
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,372

  • Ryan Gremillion

    Key Employees

    Total calculated
    $157,500
    From this org
    $157,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $146,250
    Bonus
    $11,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $157,500

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 — 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

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

  • Souther Bancorp Community partners

    $75,000

    Unrestricted

  • Chicago Neighborhood Initiative

    $75,000

    Unrestricted

  • Neighborhood Development Center

    $75,000

    Unrestricted

  • Ampac Tri-State CDC

    $75,000

    Unrestricted

  • African Economic Development Solutions

    $75,000

    Unrestricted

  • Fresno Community Development Financial In

    $75,000

    Unrestricted

  • Village Capital Corporation

    $75,000

    Unrestricted

  • Appalachian Community Capitals

    $75,000

    Unrestricted

  • African Development Center of Minneosta

    $60,000

    Unrestricted

  • People Trust Community Loan Fund

    $50,000

    Unrestricted

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349320616

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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