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← BLACK ECONOMIC ALLIANCE FOUNDATION

Form 990 for tax year 2024

Filed by BLACK ECONOMIC ALLIANCE FOUNDATION.

Totals

Total revenue
$22,891,381
Total expenses
$8,814,333
Contributions and grants received
$22,265,062
Grants paid
$2,347,267
Program service revenue
$0
Investment income
$297,446
Other revenue
$328,873
Total assets, end of year
$28,908,498
Total liabilities, end of year
$2,727,171
Net assets or fund balances, end of year
$26,181,327
Program services expenses (Part IX)
$7,483,401
Management and general expenses
$933,994
Fundraising expenses
$396,938
Program service expenses (Part III)
$7,483,401

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • N ANTHONY COLES JR

    DIRECTOR, PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 4 related

  • VICKI PALMER

    DIRECTOR,TREASURER

    Total calculated
    $0
    Hours/week
    4.9 + 4.1 related

  • CHARLES PHILLIPS

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    6 + 4 related

  • TIA BREAKLEY

    DIRECTOR, ASST TREASURER

    Total calculated
    $0
    Hours/week
    2.4 + 1.6 related

  • KNEELAND YOUNGBLOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.2 + 0.8 related

  • ROBYN COLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6 + 4 related

  • DEVAL PATRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.2 + 0.8 related

  • BRODERICK JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.2 + 0.8 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

  • BENEREE WILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7 + 1.3 related

  • ROSALIND BREWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7 + 1.3 related

  • SAMANTHA TWEEDY

    CHIEF EXECUTIVE DIRECTOR

    Total calculated
    $484,599
    From this org
    $0
    From related orgs
    $451,423
    Other
    $33,176
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $0 + $451,423 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $22,826 related
    Filer's total
    $0 + $484,599 related

  • ALAINA BEVERLY

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $272,004
    From this org
    $0
    From related orgs
    $241,447
    Other
    $30,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $241,447 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,950 related
    Nontaxable benefits
    $0 + $22,607 related
    Filer's total
    $0 + $272,004 related

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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BLACK ECONOMIC ALLIANCE VENTURES LLC

    C · PROVIDE CERTAIN INVESTMENT, ADMINISTRATIVE, FINANCIAL AND ADVISORY SERVICES · DC · 100% owned · share of income $1,048,090 · share of assets $1,048,190

    Directly controlled by BLACK ECONOMIC ALLIANCE

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349306565

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