Benedict-Allen Community Corp: Nonprofit Profile, Financials & Form 990 (EIN 57-1016592)

Revenue by fiscal year
FY2021	$51K
FY2022	$28K
FY2023	$78K

Expenses by fiscal year
FY2021	$356K
FY2022	$22K
FY2023	$74K

Net assets by fiscal year
FY2021	$213K
FY2022	$247K
FY2023	$256K

Benedict-Allen Community Corp Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Status and standing

Is it real, and can you give to it?

Tax-deductible?

Yes

Per the IRS master file.

Can I give now?

No revocation on IRS record

Not on the IRS revocation list.

Filing up to date?

Last filed FY2023 — 4 yrs ago

Legal name (IRS)Hdr · item CBenedict-Allen Community Corp

EINHdr · item D57-1016592

Exempt statusHdr · item I501(c)(3) · active

Ruling yearIRS BMFApr 1996

Latest filingForm 990FY2023 · Form 990

Principal addressHdr · item CColumbia, SC

NTEE classificationIRS BMFCommunity Development (S31)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

85%

15%

Program services $0.85 Management & general $0.15

Program services85%$63K

Management & general15%$11K

Total functional expensesLn 25$74K

Financial health

Is it on solid ground?

Program efficiency

85%

of spending reaches programs▼ -4% vs prior filing year

Operating runway

43.9mo

months of highly liquid reserves at operating expense rate▲ +423% vs prior filing year

Surplus margin

+5%

revenue over expenses, this year▼ -76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990

Total assets

$272K

FY2023▲ +4%

Total assets by fiscal year
FY2021	$374K
FY2022	$262K
FY2023	$272K

Total liabilities

$15K

FY20230%

Total liabilities by fiscal year
FY2021	$160K
FY2022	$15K
FY2023	$15K

Revenue less expensesPt I · Ln 19$4K

Total assetsPt X · Ln 16$272K

Program-expense ratioPt IX · col B85%

Voting members of governing bodyPt I · Ln 319

Independent voting membersPt I · Ln 419

Balance Sheet

Part X · end of year

CashLn 1$272K

Total assetsLn 16$272K

Total liabilitiesLn 26$15K

Total net assetsLn 32$256K

Months of cash on handcomputed43.9

Statement of Revenue

Part VIII

Contributions & grants$53K · 68%

Other revenue$25K · 32%

Contributions & grants68%$53K

Other revenue32%$25K

Total revenueLn 12$78K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $272K · Operating expenses/yr $74K

43.9 months

Where the money goes

Program services

Program services $63K · Total expenses $74K

85%

Management & General

Management & general $11K · Total expenses $74K

15%

Fundraising

Fundraising $0 · Total expenses $74K

Cost to raise $1

Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $29K

$0.04 to raise $1 (2-yr avg)

Where the money comes from

Contribution dependence

Contributions & grants $53K · Total revenue $78K

68%

Government reliance

Government grants — · Total revenue $78K

—

Earned-income share

Program service revenue $0 · Total revenue $78K

Investment reliance

Investment income $0 · Total revenue $78K

Program self-sufficiency

Program service revenue $0 · Total expenses $74K

Growth & trend

Revenue growth (YoY)

This year $78K · Prior year $28K

+182%

Net-asset trend (YoY)

End of year $256K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $78K · Expenses $74K

+5%

Liabilities-to-Assets

Total liabilities — · Total assets $272K

—

Net-asset ratio

Net assets $256K · Total assets $272K

94%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $272K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Venus Sabb · Reported title INTERIM EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $74K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $74K

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	85%	—	—
Overhead ratio	15%	—	—
Fundraising cost ratio	0%	—	—
Revenue growth	182%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Venus Sabb

Interim Executive Director

$0Pt VII · Sec A

Dr Ceeon Smith

Chairperson

$0Pt VII · Sec A

Dr Roslyn Arttis

Chairperson Emeritus

$0Pt VII · Sec A

Dr Ernest McNealey

Board Member

$0Pt VII · Sec A

Dr Flavia Eldemire

Board Member

$0Pt VII · Sec A

Mrs Kathl J Snipes

$0Pt VII · Sec A

Rev Edward McDowell JR

Board Member

$0Pt VII · Sec A

Mr Antonine Ransom

Board Memember

$0Pt VII · Sec A

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Governance & Policies

Part VI

19Voting board membersPt VI · Ln 1a
19Independent board membersPt VI · Ln 1b
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
Top official’s pay independently reviewedPt VI · Ln 15aNo
Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Benedict-Allen Community Corp is a community improvement nonprofit based in Columbia, SC.

Provided by the organization

This section is blank until Benedict-Allen Community Corp claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $63K of program spending, described in the organization's own filed words · FY2022.

The CDC provides rental opportunites to tenants in the midlands area who may not otherwise be able to afford housing or commercial SPACE.THIS activity is one of the primary programs of the CDC.

$63Kprogram expense

Youthbuild is a commuity-based pre apprenticship program that provides job training and educational opportunities for at riskk youth ages 16-24 who previously dropped out of high school. Youth learn vocational skills in construction as well as in other in demand industries the include health care information tech, and hospitality.

Pt IX · col B

The scdot has recently awarded a tranportaion careets training program grans to s2 engineeering and consulting. The grant will be used to train unemployed underemployed minorities women and disadvantaged individuals for transportation related jobs in highway consrtuction industry.

Pt IX · col B

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Filing history

Every return on file.

Year	Revenue	Expenses	Change	Filing
FY2023 Latest Viewing	$78K	$74K	+182%	990 PDF
FY2022	$28K	$22K	-46%	990 PDF
FY2021	$51K	$356K		990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2023IRS

Classification, formation year, addressIRS Business Master File

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