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Nonprofiteer
← AFRICAN AMERICAN CULTURAL CENTER

Form 990 for tax year 2023

Filed by AFRICAN AMERICAN CULTURAL CENTER.

Totals

Total revenue
$3,768,484
Total expenses
$420,101
Contributions and grants received
$3,742,075
Grants paid
$0
Program service revenue
$0
Investment income
$26,409
Other revenue
$0
Total assets, end of year
$5,273,694
Total liabilities, end of year
$302,861
Net assets or fund balances, end of year
$4,970,833
Program services expenses (Part IX)
$73,765
Management and general expenses
$169,261
Fundraising expenses
$177,075
Program service expenses (Part III)
$73,765

Program services were 17.6% 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

    $3,742,075

  • 3 · Investment income

    total $26,409 · related or exempt $26,409

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $129,285 · program services $54,564 · management and general $6,947 · fundraising $67,774

  • 10 · Payroll taxes

    total $6,499 · program services $2,730 · management and general $390 · fundraising $3,379

  • 11a · Fees: management

    total $11,100 · program services $11,100

  • 11b · Fees: legal

    total $2,763 · program services $2,763

  • 11c · Fees: accounting

    total $54,850 · management and general $54,850

  • 14 · Information technology

    total $13,500 · program services $2,608 · management and general $10,892

  • 16 · Occupancy

    total $69,320 · management and general $66,800 · fundraising $2,520

  • 22 · Depreciation, depletion and amortization

    total $8,443 · management and general $8,443

  • 23 · Insurance

    total $4,388 · management and general $4,388

  • 24a · Other expenses: MARKETING

    total $107,108 · management and general $6,533 · fundraising $100,575

  • 24b · Other expenses: DEVELOPMENT

    total $2,827 · fundraising $2,827

  • 24c · Other expenses: UTILITIES

    total $9,778 · management and general $9,778

  • 24e · All other expenses

    total $240 · management and general $240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $236,819 · end of year $30,779

  • 2 · Savings and temporary cash investments

    beginning of year $623,398 · end of year $1,199,393

  • 3 · Pledges and grants receivable

    end of year $3,000,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000 · end of year $5,000

  • 10a · Land, buildings and equipment: cost or other basis

    $789,644

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,547

  • 10c · Land, buildings and equipment, net

    beginning of year $764,382 · end of year $780,097

  • 15 · Other assets

    beginning of year $310,110 · end of year $258,425

  • 17 · Accounts payable and accrued expenses

    end of year $26,629

  • 25 · Other liabilities

    beginning of year $317,259 · end of year $276,232

  • 27 · Net assets without donor restrictions

    beginning of year $47,591 · end of year $785,008

  • 28 · Net assets with donor restrictions

    beginning of year $1,574,859 · end of year $4,185,825

Mission and programs · 2023

Mission

CREATING, DEVELOPING AND BUILDING THE NEW AFRICAN-AMERICAN COMMUNITY SERVICE AGENCY PROJECT - AN AFFORDABLE HOUSING MIXED USE DEVELOPMENT WHICH WILL INCLUDE A COMMUNITY SERVICE AGENCY, COMMUNITY HEALTH CLINICS, ADULT AND FAMILY SERVICES, AND OTHER RELATED PROGRAMS.

  • LAND AND BUILDING DEVELOPMENT FOR LOW-INCOME HOUSING, HEALTH CLINIC, COMMUNITY CENTER AND PROGRAMS.

    Expenses $73,765 · Revenue $3,742,075

As filed on the 2023 return.

Listed in Part VII

  • Walter Wilson

    DIRECTOR

    Total calculated
    $122,478
    From this org
    $122,478
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Emeka Nwadibia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rich Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Joanna Farris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Gale Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Carol R Dixon

    INTERIM TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Aneita Gage

    INTERIM SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Rhonda McClinton-Brown

    INTERIM PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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
9 May 2025
IRS schema version
2023v6.0
Source object
202531309349300708

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