Racial Justice Network EIN 85-2242173 Form 990 (PDF) Claim this org

Racial Justice Network

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Advocates for citizens against racial injustices and systemic targeting based on color, nationality, or religion. For fiscal year 2023 it reported $70K in revenue, $76K in expenses, and $113K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
N Charleston, SC
Filings
4 on file (2020–2023)
Revenue
$70KFY2023
Expenses
$76K
Net assets
$113K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-2242173 Public charity (501(c)(3)) N Charleston, SC
Form 990 (PDF)
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Size
<$100K
What they do
Advocates for citizens against racial injustices and systemic targeting based on color, nationality, or religion.
Leadership
Heather Odom · Secretary
Money in and out
$70K revenue, $76K expenses
Bottom line
71% program efficiency
Where the money goes · FY2023
Total revenue
$70K
Pt VIII · Ln 12
Total expenses
$76K
Pt IX · Ln 25
Net assets
$113K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $1.09 Management & general $0.41 Fundraising $0.11
Program efficiency
71%
of spending reaches programs0% vs prior filing year
Operating runway
17.8mo
months of highly liquid reserves at operating expense rate▼ -5% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▼ -118% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$70K
FY2023▼ -59%
Expenses
$76K
FY20230%
Total assets
$113K
FY2023▼ -6%
Total liabilities
$0
FY2023
Total revenue
$70K
Pt VIII · Ln 12
Total expenses
$76K
Pt IX · Ln 25
Net assets
$113K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$113K
Program-expense ratioPt IX · col B109%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRacial Justice Network
EINHdr · item D85-2242173
Principal addressHdr · item CN Charleston, SC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $138K of program spending, described in the organization's own filed words · FY2023.
01

Rental and utilities assistance, advocate on behalf of citizens to address acts of racial injustices on a national level which included south carolina, north carolina, new york, texas, washington, DC, georgia, florida, and other areas

$83Kprogram expense
02

Rental and utilities assistance, advocate on behalf of citizens to address acts of racial injustices on a national level which included south carolina, north carolina, new york, texas, washington, DC, georgia, florida, and other areas

$54Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$70K
Total revenueLn 12$70K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.09 Management & general $0.41 Fundraising $0.11
Program services109%$83K
Management & general41%$32K
Fundraising11%$8K
Total functional expensesLn 25$76K

Balance Sheet

Part X · end of year
CashLn 1$113K
Total assetsLn 16$113K
Total liabilitiesLn 26$0
Total net assetsLn 32$113K
Months of cash on handcomputed17.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $113K · Operating expenses/yr $76K
17.8 months
Where the money goes
Program services
Program services $54K · Total expenses $76K
71%
Management & General
Management & general $14K · Total expenses $76K
18%
Fundraising
Fundraising $8K · Total expenses $76K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $68K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $70K · Total revenue $70K
100%
Government reliance
Government grants — · Total revenue $70K
Earned-income share
Program service revenue $0 · Total revenue $70K
0%
Investment reliance
Investment income $0 · Total revenue $70K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $76K
0%
Growth & trend
Revenue growth (YoY)
This year $70K · Prior year $170K
-59%
Net-asset trend (YoY)
End of year $113K · Beginning of year $120K
-6%
Balance sheet
Surplus Margin
Revenue $70K · Expenses $76K
-10%
Liabilities-to-Assets
Total liabilities $0 · Total assets $113K
0%
Net-asset ratio
Net assets $113K · Total assets $113K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $113K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Heather Odom · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $76K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8K · Total expenses $76K
11%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 109%
Overhead ratio 41%
Fundraising cost ratio 12%
Revenue growth -59%
Accounting fee ratio 3%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$70K revenue · viewing · ⤓ 990 PDF
FY2022$170K revenue · ⤓ 990 PDF
FY2021$65K revenue · ⤓ 990 PDF
FY2020$22K revenue · ⤓ 990 PDF

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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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