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Black Economic Alliance Foundation
Black Economic Alliance Foundation reported $22.9 million in revenue and $8.8 million in expenses for calendar year 2024. Of every $100 it spent, $84.90 went to program services, $10.60 to management and general costs and $4.50 to fundraising. Its largest source of revenue was contributions and grants: 97.3% of the total. The highest compensation it reported for one person was $484,599 (CHIEF EXECUTIVE DIRECTOR). Revenue rose 639% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.8MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $23MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.9% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.6% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.5% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.3% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $484,599 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.50% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 0 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 35.6 | 56.6 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseFoundation worked to support research, education, and public policy development around work, wages, and wealth in the black community
Center for black entrepreneurship - the Black Economic Alliance Foundation, spelman college, and morehouse college have partnered to develop the center for black entrepreneurship (cbe), the first-ever academic center of its kind to produce, train, and support a new classof black entrepreneurial talent.the cbe seeks to eliminate the access barrier between black entrepreneurs, professional investors, and business builders by leveraging education, mentorship, access to capital, and opportunity
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE DIRECTOR Officer, 34.00 hrs/week | $0 | $451,423 | $33,176 | $484,599 |
| EXECUTIVE VICE PRESIDENT Key employee, 40.00 hrs/week | $0 | $241,447 | $30,557 | $272,004 |
0 people received more than $100,000 in reportable compensation from Black Economic Alliance Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $457K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 612
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| WM EVENTS INC Event planning | $316,630 |
| THE URBAN INSTITUTE Policy and research consultants | $300,000 |
| THE JENKINS GROUP LLC Policy and research consultants | $238,000 |
| CONVENE AT 121 AVE OF AMERICAS LLC Venue rental | $202,709 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Black Economic Alliance Foundation totaling $4.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Black Economic Alliance Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Black Economic Alliance Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Black Economic Alliance Foundation spent in 2024, $84.90 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Black Economic Alliance Foundation's spending goes to programs?
In calendar year 2024, Black Economic Alliance Foundation reported that 84.9% of its $8.8 million in expenses went to program services, 10.6% to management and general and 4.5% to fundraising (Form 990, Part IX).
How much does Black Economic Alliance Foundation pay its top executive?
The largest total compensation Black Economic Alliance Foundation reported for one person in calendar year 2024 was $484,599, for the role of CHIEF EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Black Economic Alliance Foundation get its money?
Of $22.9 million in revenue in calendar year 2024, 97.3% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Black Economic Alliance Foundation a registered charity?
The IRS lists EIN 83-3790370 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503219349306565 · read the filing · XML
- 2023: Form 990 for calendar year 2023 (amended), object 202500599349301120 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323199349329127 · read the filing
- 2021: Form 990 for calendar year 2021, object 202302129349300325 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103549349300625 · read the filing
All filings for EIN 83-3790370: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.