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← BLACK PRODUCT MANAGERS

Form 990 for tax year 2023

Filed by BLACK PRODUCT MANAGERS.

Totals

Total revenue
$707,468
Total expenses
$717,750
Contributions and grants received
$620,012
Grants paid
$0
Program service revenue
$87,456
Investment income
$0
Other revenue
$0
Total assets, end of year
$428,744
Total liabilities, end of year
$2,407
Net assets or fund balances, end of year
$426,337
Program services expenses (Part IX)
$489,055
Management and general expenses
$227,805
Fundraising expenses
$890
Program service expenses (Part III)
$489,055

Program services were 68.1% 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.

  • 1f · All other contributions, gifts and grants

    $620,012

  • 2a · Program service revenue: MEMBERSHIP FEE

    total $87,456 · related or exempt $87,456

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $266,945 · program services $108,472 · management and general $158,473

  • 10 · Payroll taxes

    total $18,838 · management and general $18,838

  • 11b · Fees: legal

    total $8,523 · management and general $8,523

  • 11c · Fees: accounting

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

  • 11g · Fees: other

    total $194,000 · program services $154,900 · management and general $39,100

  • 13 · Office expenses

    total $3,302 · program services $431 · management and general $2,871

  • 14 · Information technology

    total $29,422 · program services $29,422

  • 17 · Travel

    total $24,806 · program services $24,806

  • 19 · Conferences, conventions and meetings

    total $151,221 · program services $151,221

  • 23 · Insurance

    total $4,862 · program services $4,862

  • 24a · Other expenses: REIMBURSEMENTS

    total $9,167 · program services $9,167

  • 24b · Other expenses: EQUIPMENT AND SUPPLIES

    total $3,274 · program services $3,274

  • 24c · Other expenses: VOLUNTEER APPRECIATION

    total $890 · fundraising $890

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $387,846 · end of year $315,335

  • 4 · Accounts receivable

    beginning of year $49,350 · end of year $99,350

  • 15 · Other assets

    end of year $14,059

  • 17 · Accounts payable and accrued expenses

    beginning of year $577 · end of year $2,407

  • 27 · Net assets without donor restrictions

    beginning of year $436,619 · end of year $426,337

Mission and programs · 2023

Mission

TO CONNECT UNDERREPRESENTED PROFESSIONALS TO EXPERTS, ALLIES AND RESOURCES TO SUCCEED IN THEIR CAREERS.

Activities or mission (Part I)

TO CONNECT UNDERREPRESENTED PROFESSIONALS TO EXPERTS AND ALLIES TO SUCCEED IN THEIR CAREERS.

  • BPM MADE A MASSIVE IMPACT IN 2023. SPECIFICALLY, WE LAUNCHED ADDITIONAL COHORTS OF OUR LEVEL UP PROGRAM GEARED TOWARD HELPING BLACK PRODUCT MANAGERS UP LEVEL THEIR SKILLS AND GAIN NEW ROLES IN PRODUCT MANAGEMENT. IN OUR 8-WEEK PROGRAM ACROSS 2 COHORTS, WE HAD 1,000 APPLICANTS AND 125 PARTICIPANTS ACCEPTED TO THE PROGRAM. 95% OF PARTICIPANTS COMPLETED THE PROGRAM. WE ALSO PARTNERED WITH OVER 25 COMPANIES IN THE UNITED STATES AND HOSTED 20 VIRTUAL AND IN-PERSON PRODUCT WORKSHOPS FOR OUR MEMBERS. IN 2023 WE HELPED MORE THAN 150 UNDERREPRESENTED PRODUCT PROFESSIONALS LAND JOB OFFERS OR OBTAIN A PROMOTION.

    Expenses $489,055 · Revenue $87,456

As filed on the 2023 return.

Listed in Part VII

  • AMMA BOFA

    EXECUTIVE DIRECTOR

    Total calculated
    $174,000
    From this org
    $174,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $174,000
  • ACASIA WILSON FEINBERG

    CEO (THRU 4/30/23)

    Total calculated
    $92,945
    From this org
    $92,945
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • JULES WALTER

    CHAIRPERSON OF THE BOARD

    Total calculated
    $0
    Hours/week
    3
  • BRITTANY BANKSTON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • KEVIN WEIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • MARYANNA QUIGGLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202433199349306238

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