Form 990 for tax year 2023
Filed by CULTURAL HERITAGE ECONOMIC ALLIANCE INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2023 , filed 14 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $389,349 changed to $444,356
- Total expenses
- $98,868 changed to $410,105
- Contributions and grants received
- $343,719 changed to $345,740
- Grants paid
- $0 changed to $2,000
- Program service revenue
- $45,630 changed to $98,616
- Total assets, end of year
- $12,367 changed to $34,252
- Net assets or fund balances, end of year
- $12,367 changed to $34,252
- Program services expenses
- $22,734 changed to $316,103
- Management and general expenses
- $64,455 changed to $94,002
- Fundraising expenses
- $11,679 changed to $0
- Program service expenses (Part III)
- $22,734 changed to $308,576
Listed only on the later return
- Dawn Drew
- Denella Ri'chard
- Matt Berna
- Shannon Stowell
Listed under a different title
- Stephanie Jones: CEO and Founder then President & CEO
Totals
- Total revenue
- $389,349
- Total expenses
- $98,868
- Contributions and grants received
- $343,719
- Grants paid
- $0
- Program service revenue
- $45,630
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $12,367
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $12,367
- Program services expenses (Part IX)
- $22,734
- Management and general expenses
- $64,455
- Fundraising expenses
- $11,679
- Program service expenses (Part III)
- $22,734
Program services were 23.0% 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
$247,710
-
1f · All other contributions, gifts and grants
$96,009
-
2a · Program service revenue: Black Tourism Talent Directory
total $756 · unrelated business $0 · excluded $756
-
2b · Program service revenue: Blacks in Tourism & Travel Memberships
total $24,600 · unrelated business $0 · excluded $24,600
-
2c · Program service revenue: Future of Black Tourism
total $12,774 · unrelated business $0 · excluded $12,774
-
2d · Program service revenue: Summit Partner Revenue
total $7,500 · unrelated business $0 · excluded $7,500
-
8a · Fundraising events: contributions included on line 1c
$247,710
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $12,000 · program services $0 · management and general $12,000 · fundraising $0
-
11a · Fees: management
total $12,907 · program services $12,907 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $10,677 · program services $0 · management and general $10,677 · fundraising $0
-
11g · Fees: other
total $953 · program services $0 · management and general $953 · fundraising $0
-
12 · Advertising and promotion
total $4,386 · program services $0 · management and general $4,386 · fundraising $0
-
13 · Office expenses
total $127 · program services $0 · management and general $127 · fundraising $0
-
14 · Information technology
total $1,491 · program services $780 · management and general $711 · fundraising $0
-
16 · Occupancy
total $1,382 · program services $0 · management and general $1,382 · fundraising $0
-
17 · Travel
total $28,552 · program services $0 · management and general $28,552 · fundraising $0
-
21 · Payments to affiliates
total $11,679 · program services $0 · management and general $0 · fundraising $11,679
-
24a · Other expenses: Memberships & Subscriptions
total $3,272 · program services $0 · management and general $3,272 · fundraising $0
-
24b · Other expenses: Bank fees & service charges
total $1,278 · program services $0 · management and general $1,278 · fundraising $0
-
24c · Other expenses: Merchant account fees
total $3,621 · program services $2,634 · management and general $987 · fundraising $0
-
24d · Other expenses: Miscellaneous
total $130 · program services $0 · management and general $130 · fundraising $0
-
24e · All other expenses
total $6,413 · program services $6,413 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,515 · end of year $12,367
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $0
-
18 · Grants payable
end of year $0
-
19 · Deferred revenue
end of year $0
-
20 · Tax-exempt bond liabilities
end of year $0
-
21 · Escrow or custodial account liability
end of year $0
-
22 · Loans and payables to officers and key people
end of year $0
-
23 · Secured mortgages and notes payable
end of year $0
-
24 · Unsecured notes and loans payable
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,515 · end of year $12,367
Mission and programs · 2023
Mission
To create inclusive and equitable opportunities for small BIPOC businesses and students to become active participants in the travel and tourism industry through our sustainable tourism initiatives.
-
Diversity Tourism Academy Provides benefits for small tourism businesses by providing affordable trainings, industry specific education, information on the global and tourism industry, knowledge of the travel trade supply chain, access to peer-to-peer mentoring, business coaching and Tourism Readiness Business Certifications
Expenses $3,141 · Revenue $756
-
Blacks in Travel & Tourism Provides opportunities to level the playing field and create equitable opportunities
Expenses $4,613 · Revenue $24,600
-
Future of Black Tourism An initiative created to enhance and build a collaborative ecosystem of Black travel and tourism organizations, entrepreneurs, professionals, and students for sustainable growth in domestic + international markets.
Expenses $14,980 · Revenue $12,774
As filed on the 2023 return.
Listed in Part VII
-
Stephanie Jones
CEO and Founder
- Total calculated
- $16,671
- From this org
- $12,000
- From related orgs
- $0
- Other
- $4,671
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402889349300505
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