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Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990.
Chloe McKenzie’s $250K as Executive Dir. is at the 100th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2022 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Chloe McKenzie | $250,417 | $262,566 | $131,182 | $192,373 | $44,434 |
| John Watts | $74,667 | $75,231 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Reimagines wealth-building for Black women with governments and activists.
Questions for Blackfem INC
Your first name shows with your question. Blackfem INC answers here, for everyone.
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Blackfem Has Addressed Key Areas of Influence
Cultural institutions, education systems, policymaking, and families. With a holistic, research backed approach to healing financial trauma. Blackfems curriculum, trainings, and programs help make progress against the root causes of financial inequity in our target communities to improve their wealth building capacity, or undo bias in…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $418K | $68K |
| Total assetsLn 16 | $418K | $68K |
| LiabilitiesLn 26 | $4K | $0 |
| Net assetsLn 32 | $414K | $68K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $360K | $324K | $36K | |
| Pension plan contributionsLn 8 | $18K | $16K | $2K | |
| Payroll taxesLn 10 | $127K | $115K | $13K | |
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $26K | $26K | ||
| Other fees for servicesLn 11g | $108K | $97K | $11K | |
| Office expensesLn 13 | $6K | $6K | ||
| OccupancyLn 16 | $16K | $16K | ||
| TravelLn 17 | $14K | $14K | ||
| InterestLn 20 | $556 | $556 | ||
| InsuranceLn 23 | $11K | $11K | ||
| Other expenses (24a–d)Ln 24 | $11K | $10K | $2K | |
| All other expensesLn 24e | $180K | $162K | $18K | |
| Total functional expensesLn 25 | $881K | $800K | $81K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.3M | $1.1M | $190K | $688K | 990 PDF |
| FY2024 | $983K | $545K | $439K | $498K | 990 PDF |
| FY2023 Viewing | $535K | $881K | −$346K | $68K | 990 PDF |
| FY2022 | $619K | $580K | $39K | $156K | 990 PDF |
| FY2021 | Not on file | ||||
| FY2020 | $181K | $167K | $14K | $54K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $534,996 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, no flags
Part VIII · Statement of revenue $534,996 across 2 lines filed
Part IX · Statement of functional expenses $880,613 across 13 lines filed
Part X · Balance sheet $68,105 assets, 6 lines filed
Part XI · Reconciliation of net assets $68,105 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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