Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1980.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 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
18 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
Raises awareness and provides community services to address issues affecting the African-American community, locally and abroad.
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Community Services Activities
The foundation has established various programs to influence and raise awareness about issues affecting the african-american community, locally and abroad. These programs are designated amongst five major categories - national trends and services, international trends and services, services to youth, health and human service, and the…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $10.1M | $11.1M |
| InvestmentsLn 11–13 | $2.9M | $2.8M |
| Land, buildings, equipmentLn 10c | $4.8M | $4.6M |
| Total assetsLn 16 | $17.9M | $19.1M |
| LiabilitiesLn 26 | $2.0M | $2.0M |
| Net assetsLn 32 | $15.9M | $17.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5.6M | $5.6M | ||
| Pay of current officers, directors and key staffLn 5 | $78K | $24K | $55K | |
| Other salaries and wagesLn 7 | $171K | $60K | $111K | |
| Other employee benefitsLn 9 | $872 | $872 | ||
| Payroll taxesLn 10 | $22K | $22K | ||
| Accounting feesLn 11c | $17K | $17K | ||
| Investment management feesLn 11f | $21K | $21K | ||
| Other fees for servicesLn 11g | $107K | $70K | $37K | |
| Office expensesLn 13 | $98K | $25K | $73K | |
| Information technologyLn 14 | $37K | $37K | ||
| OccupancyLn 16 | $191K | $94K | $96K | |
| TravelLn 17 | $342K | $334K | $8K | |
| Conferences, conventions and meetingsLn 19 | $64K | $61K | $2K | |
| Depreciation, depletion and amortizationLn 22 | $247K | $247K | ||
| InsuranceLn 23 | $87K | $87K | ||
| Other expenses (24a–d)Ln 24 | $55K | $19K | $36K | |
| All other expensesLn 24e | $5K | $119 | $5K | |
| Total functional expensesLn 25 | $7.2M | $6.3M | $856K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $15.6M | $11.2M | $4.3M | $30.1M | 990 PDF |
| FY2024 | $13.3M | $10.1M | $3.2M | $25.6M | 990 PDF |
| FY2023 | $9.1M | $9.1M | $39K | $21.7M | 990 PDF |
| FY2022 | $7.8M | $5.7M | $2.0M | $21.3M | 990 PDF |
| FY2021 | $6.3M | $4.6M | $1.7M | $19.4M | 990 PDF |
| FY2020 Viewing | $8.3M | $7.2M | $1.1M | $17.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $8,297,917 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $8,297,917 across 9 lines filed
Part IX · Statement of functional expenses $7,159,915 across 17 lines filed
Part X · Balance sheet $19,105,697 assets, 17 lines filed
Part XI · Reconciliation of net assets $17,142,450 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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