Totals
- Total revenue
- $1,054,916
- Total expenses
- $912,058
- Contributions and grants received
- $1,031,639
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $23,277
- Other revenue
- $0
- Total assets, end of year
- $2,440,252
- Total liabilities, end of year
- $2,129,744
- Net assets or fund balances, end of year
- $310,508
- Program services expenses (Part IX)
- $407,937
- Management and general expenses
- $440,410
- Fundraising expenses
- $63,711
- Program service expenses (Part III)
- $407,937
Program services were 44.7% 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
$1,031,639
-
3 · Investment income
total $23,277 · related or exempt $23,277
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $356,217 · program services $166,217 · management and general $190,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $83,397 · program services $83,397
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $53,397 · program services $18,466 · management and general $34,931
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $15,069 · fundraising $15,069
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $138,214 · program services $35,500 · management and general $54,072 · fundraising $48,642
-
12 · Advertising and promotion
total $1,618 · program services $1,618
-
13 · Office expenses
total $7,821 · program services $5,867 · management and general $1,954
-
14 · Information technology
total $49,187 · program services $36,890 · management and general $12,297
-
15 · Royalties
total $0
-
16 · Occupancy
total $43,029 · program services $36,575 · management and general $6,454
-
17 · Travel
total $8,439 · program services $5,485 · management and general $2,954
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $3,626 · program services $3,082 · management and general $544
-
20 · Interest
total $8,750 · management and general $8,750
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,987 · management and general $2,987
-
23 · Insurance
total $10,904 · management and general $10,904
-
24a · Other expenses: Bad Debt
total $95,711 · management and general $95,711
-
24b · Other expenses: Dues and Subscriptions
total $7,839 · management and general $7,839
-
24c · Other expenses: Community Events
total $6,597 · program services $6,597
-
24d · Other expenses: Other Expenses
total $4,778 · management and general $4,778
-
24e · All other expenses
total $14,478 · program services $8,243 · management and general $6,235
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $167,650 · end of year $1,588,803
-
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 $738,702
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
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
-
10a · Land, buildings and equipment: cost or other basis
$31,468
-
10b · Land, buildings and equipment: accumulated depreciation
$2,987
-
10c · Land, buildings and equipment, net
end of year $28,481
-
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 $84,266
-
17 · Accounts payable and accrued expenses
end of year $19,362
-
19 · Deferred revenue
end of year $1,526,718
-
24 · Unsecured notes and loans payable
end of year $500,000
-
25 · Other liabilities
end of year $83,664
-
27 · Net assets without donor restrictions
beginning of year $167,650 · end of year $98,008
-
28 · Net assets with donor restrictions
end of year $212,500
Mission and programs · 2023
Mission
Community development financial institution that is an alternate lender for black-owned small businesses in Central Ohio to improve the accessibility and affordability of capital.
-
Provided business development support services to small businesses, provided capital to support small businesses, supported community development efforts via support of small businesses
Expenses $407,937
As filed on the 2023 return.
Listed in Part VII
-
Jennifer Averi Frost
Executive Dir.
- Total calculated
- $123,288
- From this org
- $123,288
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Aneeka Bashir
Director
- Total calculated
- $79,345
- From this org
- $79,345
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Bismark Akomeah
Director
- Total calculated
- $70,473
- From this org
- $70,473
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Vonisha Turner
Foundation Mgr.
- Total calculated
- $52,500
- From this org
- $52,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Eric Williams
Director
- Total calculated
- $16,251
- From this org
- $16,251
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John Banks
Foundation Mgr.
- Total calculated
- $14,360
- From this org
- $14,360
- From related orgs
- $0
- Other
- $0
- 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
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349309913
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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