Black Economic Alliance

Washington, DCUnknown exempt organization EIN 82-4578595Revenue $2.1M in FY2024Latest return filed Nov 17, 2025

On file with the IRSblackeconomicalliance.org1032 15th St Nw 247 · Washington, DC

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The organization's mission is to improve Economic outcomes for Black people at scale, focusing on three core areas: work, wages and wealth.

82¢ of each $1 spent went to programs.
Run by 12 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $282K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$693K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $515K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$446K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+53% vs prior year
Spent
$2.1M
To programs
82%
Net assets
$928K
By yearFY2020–FY2024
Revenue
$2.1M
FY2024▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$1.9M
FY2023$1.4M
FY2024$2.1M
Expenses
$2.1M
FY2024▲ +163%
Tap a bar for its year
Expenses by fiscal year
FY2020$877K
FY2021$858K
FY2022$1.9M
FY2023$812K
FY2024$2.1M
Net assets
$928K
FY2024-0.3%
Tap a bar for its year
Net assets by fiscal year
FY2020$558K
FY2021$915K
FY2022$912K
FY2023$930K
FY2024$928K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.7M Management & general 13% · $281K Fundraising 5% · $113K

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

14 people listed on the 990; $693K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Director
$451,423Pt VII · Sec A
EVP - Bea Foundation
$241,447Pt VII · Sec A
Director, Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Samantha Tweedy$451,423$62,897———
Alaina Beverly$241,447————
David Clunie——$182,021$167,778$171,105
Shari Thomas——$115,649——

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.

See Black Economic Alliance executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves economic outcomes for Black people by focusing on work, wages, and wealth.

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2024
01

The organization conducted research and engaged in communications and outreach actvities to advocate for an economic agenda to improve economic outcomes for black people at scale, focusing on three core areas: work, wages and wealth.

$1.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
AARPFY2024$50K
Total grants receivedfrom 3 funders$515K
See all 3 funders →
Grants paid · 8 grants · $230K · 2020–2024
Leadership Now ProjectDC · FY2024$100,000
Black Economic Alliance PacFY2021$25,000
Fair Fight Action INCGA · FY2020$25,000
NAACPMD · FY2020$20,000
Florida Democratic PartyFY2020$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.2M
Money outPt IX
$2.1M
Ln 25
Programscol B$1.7M
Managementcol C$281K
Fundraisingcol D$113K
Owns and owesPt X
$928K
net assets · Ln 32
Cash and savingsLn 1–2$665K
Total assetsLn 16$1.4M
LiabilitiesLn 26$446K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Fundraising eventsLn 1c$75K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$665K
Cash and savings togetherLn 1–2$665K
Other assetsLn 15$708K
Total assetsLn 16$1.4M
LiabilitiesLn 26$446K
Net assetsLn 32$928K
OperationsPt I, VI
EmployeesI 511
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$613K$665K
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$353K$446K
Net assetsLn 32$930K$928K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$110K$110K
Pay of current officers, directors and key staffLn 5$68K$34K$26K$8K
Other salaries and wagesLn 7$66K$33K$25K$8K
Other employee benefitsLn 9$15K$6K$7K$2K
Payroll taxesLn 10$7K$3K$3K$580
Legal feesLn 11b$66K$5K$61K
Accounting feesLn 11c$54K$54K
Other fees for servicesLn 11g$1.5M$1.4M$50K$75K
Office expensesLn 13$13K$6K$3K$4K
Information technologyLn 14$66K$38K$15K$14K
TravelLn 17$55K$53K$2K$165
Conferences, conventions and meetingsLn 19$38K$38K$470
InterestLn 20$25K$23K$2K
InsuranceLn 23$12K$12K
Total functional expensesLn 25$2.1M$1.7M$281K$113K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $2.1M$2.1M−$2K$928K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $1.4M$812K$585K$930K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $1.9M$1.9M−$3K$912K 990 PDF
FY2021Filed with the IRS Jul 31, 2023 $1.2M$858K$356K$915K 990 PDF
FY2020Filed with the IRS Dec 14, 2021 $1.4M$877K$476K$558K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,131,833 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,314,975$2,181,277
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $82,465−$49,444
I-12 Total revenuePrior year $1,397,440$2,131,833
I-13 Grants and similar amounts paidPrior year $0$110,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $143,573$155,114
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $668,423$1,869,082
I-18 Total expensesPrior year $811,996$2,134,196
I-19 Revenue less expensesPrior year $585,444−$2,363
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,131,833 across 5 lines filed
VIII-1c Fundraising events$75,000
VIII-1f All other contributions, gifts and grants$2,106,277
VIII-1h Total contributions, gifts and grants$2,181,277
VIII-8 Net income from fundraising eventsExcluded from tax −$49,444−$49,444
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$49,444$2,131,833
Part IX · Statement of functional expenses $2,134,196 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $110,000$110,000
IX-5 Pay of current officers, directors and key staffPrograms $33,952 · Management $25,683 · Fundraising $7,875$67,510
IX-7 Other salaries and wagesPrograms $33,120 · Management $25,053 · Fundraising $7,681$65,854
IX-9 Other employee benefitsPrograms $5,556 · Management $7,398 · Fundraising $1,614$14,568
IX-10 Payroll taxesPrograms $3,130 · Management $3,472 · Fundraising $580$7,182
IX-11b Legal feesPrograms $4,712 · Management $60,807$65,519
IX-11c Accounting feesManagement $54,178$54,178
IX-11g Other fees for servicesPrograms $1,415,114 · Management $49,851 · Fundraising $74,912$1,539,877
IX-13 Office expensesPrograms $5,508 · Management $2,945 · Fundraising $4,315$12,768
IX-14 Information technologyPrograms $38,203 · Management $14,551 · Fundraising $13,649$66,403
IX-17 TravelPrograms $53,319 · Management $1,632 · Fundraising $165$55,116
IX-19 Conferences, conventions and meetingsPrograms $37,735 · Management $470$38,205
IX-20 InterestManagement $23,356 · Fundraising $2,044$25,400
IX-23 InsuranceManagement $11,616$11,616
IX-25 Total functional expensesPrograms $1,740,349 · Management $281,012 · Fundraising $112,835$2,134,196
Part X · Balance sheet $1,373,147 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $612,561$664,666
X-15 Other assetsStart of year $581,107$708,481
X-16 Total assetsStart of year $1,282,458$1,373,147
X-17 Accounts payable and accrued expensesStart of year $352,521$445,573
X-26 Total liabilitiesStart of year $352,521$445,573
X-27 Net assets without donor restrictionsStart of year $529,937$927,574
X-28 Net assets with donor restrictionsStart of year $400,000$0
X-32 Total net assets or fund balancesStart of year $929,937$927,574
X-33 Total liabilities and net assetsStart of year $1,282,458$1,373,147
Part XI · Reconciliation of net assets $927,574 net assets at year end
XI-1 Total revenue$2,131,833
XI-2 Total expenses$2,134,196
XI-3 Revenue less expenses−$2,363
XI-4 Net assets at start of year$929,937
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$927,574

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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