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← KWAME CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by KWAME CHARITABLE FOUNDATION.

Totals

Total revenue
$207,456
Total expenses
$167,762
Contributions and grants received
$231,828
Grants paid
$97,213
Program service revenue
$13,650
Investment income
$0
Other revenue
-$38,022
Total assets, end of year
$108,818
Total liabilities, end of year
$58,644
Net assets or fund balances, end of year
$50,174
Program services expenses (Part IX)
$156,684
Management and general expenses
$11,078
Fundraising expenses
$0
Program service expenses (Part III)
$156,684

Program services were 93.4% 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.

  • 1c · Fundraising events

    $226,859

  • 1f · All other contributions, gifts and grants

    $4,969

  • 1g · Noncash contributions included above

    $10,895

  • 2a · Program service revenue: HBCU TOUR

    total $13,650 · related or exempt $13,650

  • 8a · Fundraising events: gross income

    $72,800

  • 8a · Fundraising events: contributions included on line 1c

    $226,859

  • 8b · Fundraising events: direct expenses

    $110,822

  • 8c · Net income from fundraising events

    total -$38,022 · excluded -$38,022

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92,213 · program services $92,213

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 11c · Fees: accounting

    total $188 · management and general $188

  • 11g · Fees: other

    total $4,465 · management and general $4,465

  • 13 · Office expenses

    total $2,932 · management and general $2,932

  • 16 · Occupancy

    total $40,000 · program services $40,000

  • 24a · Other expenses: HBCU TOUR EXPENSES

    total $15,971 · program services $15,971

  • 24b · Other expenses: TRAINING

    total $3,500 · program services $3,500

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,493 · management and general $3,493

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,873 · end of year $106,902

  • 15 · Other assets

    beginning of year $0 · end of year $1,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $40

  • 25 · Other liabilities

    beginning of year $0 · end of year $58,604

  • 27 · Net assets without donor restrictions

    beginning of year $6,873 · end of year $50,174

Mission and programs · 2023

Mission

SEE SCHEDULE OKWAME CHARITABLE FOUNDATION STRIVES TO CHANGE THE TRAJECTORY OF THE LIVES OF MOTIVATED YOUNG ADULTS. COLLEGE EXPOSURE AND ENDOWED SCHOLARSHIPS ARE THE PRIMARY AVENUES BY WHICH WE REMOVE BARRIERS THAT CAN IMPEDE SUCCESS. WE LOOK TOWARDS A FUTURE THAT IS MORE HOPEFUL FOR SCHOLARS WHO DESERVE OF THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL.

Activities or mission (Part I)

TO CHANGE THE TRAJECTORY OF THE LIVES OF MOTIVATED YOUNG ADULTS

  • BY ESTABLISHING ENDOWMENTS AT INSTITUTES OF HIGHER LEARNING, KWAME CHARITABLE FOUNDATION PROVIDES AN ENDURING FUND FOR SCHOLARSHIP SUPPORT FOR FIRST GENERATION, PELL GRANT ELIGIBLE STUDENTS WHO ARE ENROLLED IN THE SCHOOLS. THE STUDENTS COMPLETE THE APPLICATION PROCESS, AND EACH SCHOOL ADHERES TO KCF'S GUIDELINES ON SELECTION PARAMETERS EACH SEMESTER. ANNUAL HBCU COLLEGE TOUR TRAVELS BY CHARTERED BUS TAKING UP TO 50 HIGH SCHOOL STUDENTS TO VISIT 4-5 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES THROUGH VARIOUS REGIONS OF THE U.S. THE TOUR, WHICH OCCURS CONTINUED ON SCHEDULE ODURING A WEEK IN MARCH, IS AN AFFORDABLE ROUTE FOR STUDENTS TO BECOME EXPOSED TO SCHOOLS OUTSIDE OF ST. LOUIS, AS WELL AS SOME OF THE LESSER KNOWN HBCU'S THAT ARE OFTEN OVERLOOKED BY HIGH SCHOOL GUIDANCE COUNSELORS. BY SHOULDERING SOME OF THE EXPENSES FOR THE TOUR, STUDENTS AND THEIR FAMILIES NEED ONLY CONTRIBUTE A MODEST AMOUNT, COMPARED TO THE GREAT VALUE THE STUDENTS RECEIVE. OCCASIONAL SUPPORT IS GIVEN TO ORGANIZATIONS WITH EDUCATIONAL COMPONENT THAT SERVE TEENS OR YOUNG ADULTS, SPECIFICALLY THOSE APPLYING TO OR ENROLLED IN COLLEGE OR IN A WORKFORCE DEVELOPMENT PROGRAM.

    Expenses $156,684 · Grants $97,213 · Revenue $13,650

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

Listed in Part VII

  • Anthony Thompson

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Lydia Huston

    SECRETARY / EXEC. DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Cathey Williamson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Kwame Thompson Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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
28 January 2025
IRS schema version
2023v6.0
Source object
202500289349300545

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