Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Nov 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
3 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Empowers Black communities to close the radical wealth gap.
Questions for Black Connect INC
Your first name shows with your question. Black Connect INC answers here, for everyone.
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We were able to award business grants to two tech entrepreneurs through our annual pitch competition, initiative FeverPitch. We increased the number of our partnering law firms and we were able to expand our legal services program to include legal webinars and provide in-person legal assistance through our Business Development Day…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $176K | |
| Total assetsLn 16 | $0 | $176K |
| LiabilitiesLn 26 | $0 | $35K |
| Net assetsLn 32 | $0 | $142K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Accounting feesLn 11c | $3K | $3K | $0 | $0 |
| Advertising and promotionLn 12 | $4K | $4K | $0 | $0 |
| TravelLn 17 | $1K | $1K | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $2K | $2K | $0 | $0 |
| InsuranceLn 23 | $1K | $1K | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $32K | $32K | $0 | $0 |
| All other expensesLn 24e | $15K | $15K | $0 | $0 |
| Total functional expensesLn 25 | $59K | $59K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 Latest | $56K | $83K | 990 PDF | ||
| FY2022 Viewing | $194K | $59K | $136K | $142K | 990 PDF |
| FY2021 | $31K | $6K | 990 PDF | ||
| FY2020 | $18K | $6K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $194,193 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $194,193 across 3 lines filed
Part IX · Statement of functional expenses $58,524 across 7 lines filed
Part X · Balance sheet $176,319 assets, 6 lines filed
Part XI · Reconciliation of net assets $141,719 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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