Form 990 for tax year 2023

Totals

Total revenue

$7,640,661

Total expenses

$7,153,740

Contributions and grants received

$5,867,236

Grants paid

$475,000

Program service revenue

$1,506,723

Investment income

$266,702

Other revenue

$0

Total assets, end of year

$19,987,800

Total liabilities, end of year

$1,004,299

Net assets or fund balances, end of year

$18,983,501

Program services expenses (Part IX)

$5,169,317

Management and general expenses

$1,283,482

Fundraising expenses

$700,941

Program service expenses (Part III)

$5,169,317

Program services were 72.3% 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.

Mission and programs · 2023

• ANNUAL CONFERENCE AND JAMES JOSEPH LECTUREABFE'S ANNUAL CONFERENCE IS A GATHERING OF PHILANTHROPIC AND NON-PROFIT PROFESSIONALS FOR NETWORKING AND ENGAGEMENT AROUND SHARED INTEREST IN SUPPORTING BLACK COMMUNITIES THROUGH PHILANTHROPY. THE TARGET AUDIENCE IS ABFE'S MEMBERS AND PARTNERS; FOUNDATION TRUSTEES, EXECUTIVE STAFF AND PROGRAM OFFICERS, GRANT MAKING ENTITIES INCLUDING PRIVATE FOUNDATIONS, CORPORATE GIVING PROGRAMS, DONOR-ADVISED FUNDS AND GIVING CIRCLES. IN 2023, ABFE CONVENED AT THE RALEIGH CONVENTION CENTER IN DOWNTOWN RALEIGH, NC, AND FOCUSED ON FIVE OF THE 10 IMPERATIVES INCLUDED IN ITS CALL TO ACTION; ISSUE AREAS THAT ARE NOT ONLY AT THE HEART OF NEEDED INVESTMENT AND CHANGE, BUT AREA CRITICAL TO THE ORGANIZATION'S COMMITMENT TO RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) FRAMEWORK. THESE PRIORITY AREAS INCLUDED: (1) A PUSH FOR STRUCTURAL CHANGE, (2) ENGAGING BLACK BUSINESS, (3) LIFTING UP GENDER, (4) REACHING THE DIASPORA, AND (5) ADDRESSING DISPARITIES IN PRISONS. THE 2023 ANNUAL CONFERENCE BROUGHT TOGETHER 791 PARTICIPANTS (720 IN-PERSON, 71 VIRTUAL). 64% OF THE PARTICIPANTS WERE ABFE MEMBERS, AND NEARLY 100 REGISTRANTS WERE FOUNDATION BOARD TRUSTEES. WE ALSO CELEBRATED WHAT HAS BEEN A SIGNATURE PROGRAM FOR ABFE FOR OVER 30 YEARS, THE JAMES A. JOSEPH LECTURE AND AWARDS, WHICH CELEBRATED THE IMPORTANT ACCOMPLISHMENTS OF LEADERS IN THE FIELD.

  Expenses $904,390 · Revenue $459,668

• MEMBERSHIP SERVICESABFE EQUIPS ITS MEMBERS AND PARTNERS WITH TOOLS AND RESOURCES TO RESPOND MORE EFFECTIVELY TO THE NEEDS OF BLACK COMMUNITIES AND TO ADDRESS ANTI-BLACK RACISM. ABFE USES ITS POSITION AND NETWORKS IN THE FIELD TO SHARE INFORMATION FOR THE EXPRESS PURPOSE OF INFLUENCING POLICIES AND PRACTICES IN THE FIELD THAT MAY HINDER THE SUCCESS OF BLACK PROFESSIONALS OR COMMUNITIES. OUR RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) FRAMEWORK FOR GRANTMAKING SUPPORTS THE DIGNITY OF COMMUNITIES AND OPTIMIZES INHERENT STRENGTHS TO ENSURE BETTER OUTCOMES FOR BLACK COMMUNITIES. ABFE ALSO OFFERS A VARIETY OF OPPORTUNITIES FOR MEMBERS AND OTHER PROFESSIONALS IN THE FIELD TO EXCHANGE INFORMATION AND IDEAS, AND TO CULTIVATE PRODUCTIVE RELATIONSHIPS THAT OFTEN RESULT IN LEARNING, CO-INVESTMENT, AND EXPANDED SOCIAL AND PROFESSIONAL OPPORTUNITIES AND COMMUNITIES. OUR PROFESSIONAL AND LEADERSHIP DEVELOPMENT PRIMARILY FOCUSES ON MEMBERS' INTERESTS. ABFE PROVIDES INFORMATION AND OTHER RESOURCES THAT INFORM GRANTMAKING STRATEGIES AND SUPPORT CAREER AND LEADERSHIP DEVELOPMENT FOR BLACK PROFESSIONALS IN THE FIELD.

  Expenses $899,496 · Revenue $459,950

• PHILANTHROPIC ADVISING SERVICESABFE BRINGS A NEW FRAMEWORK ON RESPONSIVE PHILANTHROPY TO REALIZE ITS MISSION OF PROMOTING EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC). THIS NEW TEMPLATE BUILDS UPON GRANTMAKING WITH A RACIAL EQUITY LENS BUT IS TAILORED SPECIFICALLY TO GRANTMAKING IN AND FOR BLACK COMMUNITIES. AS A RESULT, ABFE HAS DESIGNED A SET OF DEFINING CHARACTERISTICS OF PHILANTHROPY THAT IS MORE LIKELY TO REDUCE GAPS IN RACIAL DISPARITIES FACING BLACKS IN THE UNITED STATES. THIS YEAR, WE EXPANDED THE RPBC FRAMEWORK ENGAGE A BROAD RANGE OF INSTITUTIONAL AND INDIVIDUAL PARTICIPANTS WITH VARYING LEVELS OF FLUENCY IN THE SUSTAINABLE DEVELOPMENT GOALS AND ABFE'S RPBC (RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES) RACIAL EQUITY FRAMEWORK. FOR THE 2023 YEAR, ABFE ENGAGED APPROXIMATELY 35 FOUNDATIONS, CORPORATIONS, NONPROFITS AND PHILANTHROPY SERVING ORGANIZATIONS TO DELIVER RACIAL EQUITY TRAINING, ASSOCIATED TRAININGS AND TECHNICAL ASSISTANCE.

  Expenses $780,116 · Revenue $265,794

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $2,585,315 · Grants $475,000 · Revenue $321,311

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

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

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

• NATIVE AMERICANS IN PHILANTHROPY

  $325,000

  TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE

• ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY INC

  $75,000

  TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE

• HISPANICS IN PHILANTHROPY

  $75,000

  TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE

Provenance

Return type

form_990

Tax year

2023

Filed

19 June 2024

IRS schema version

2023v5.1

Source object

202401719349301450

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