Black Product Managers FY2021 filing

Tax-deductible

San Francisco, CA501(c)(3)Public & Societal BenefitEIN 85-2790239Revenue $367K in FY2021

On file with the IRSblackproductmanagers.com50 California St Ste 1500, 94111-4612 · San Francisco, CATax-exempt since Jan 2021Publicly supported charity — 170(b)(1)(A)(vi)

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To connect underrepresented professionals to experts, allies and resources to succeed in their careers

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
2 of 4
filings with a surplus
Average surplus $76K a year · 16% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
95 mo
of spending, in cash
Looks good: 94.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $55K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$367K
Spent
$37K
To programs
57%
Net assets
$339K
By yearFY2021–FY2024
Revenue
$367K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$367K
FY2022$433K
FY2023$707K
FY2024$369K
Expenses
$37K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$37K
FY2022$336K
FY2023$718K
FY2024$482K
Net assets
$339K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$339K
FY2022$437K
FY2023$426K
FY2024$313K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2021.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $21K Management & general 20% · $7K Fundraising 23% · $9K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A

Amma Bofa’s $186K as Executive Director is at the 96th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit 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

NameFY2024FY2023FY2022
Amma Bofa$186,000$174,000$127,800
Acasia Wilson Feinberg—$92,945—

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 15aNo

Programs and updates

Connects underrepresented professionals with experts and resources for career success.

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Provided by the organization

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1 program · $21K · in their own filed words · FY2021
01

Black Product Managers made a massive impact in 2021. Specifically, we launched our first ever Level Up program geared toward helping Black Product Managers up level their skills. In our 8 week program, we had 58 participants, (95%+attendance weekly).

$21Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$55K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$367K
Ln 12
Gifts and grantsLn 1h$349K
Fees for servicesLn 2g$18K
Money outPt IX
$37K
Ln 25
Programscol B$21K
Managementcol C$7K
Fundraisingcol D$9K
Owns and owesPt X
$339K
net assets · Ln 32
Cash and savingsLn 1–2$294K
Total assetsLn 16$339K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$349K
Fees for servicesLn 2g$18K
Total revenueLn 12$367K
Assets in detailPt X, end of year
CashLn 1$294K
Cash and savings togetherLn 1–2$294K
Total assetsLn 16$339K
LiabilitiesLn 26$0
Net assetsLn 32$339K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$11K$294K
Total assetsLn 16$10K$339K
LiabilitiesLn 26$0$0
Net assetsLn 32$10K$339K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$660$660
Office expensesLn 13$1K$1K
Information technologyLn 14$11K$11K
TravelLn 17$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$12K$3K$25$9K
Total functional expensesLn 25$37K$21K$7K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $369K$482K−$113K$313K 990 PDF
FY2023 $707K$718K−$10K$426K 990 PDF
FY2022 $433K$336K$97K$437K 990 PDF
FY2021 Viewing $367K$37K$330K$339K 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
See the full FY2021 990 (6 parts)
Part I · Summary $367,077 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,580$349,257
I-9 Program service revenue$17,820
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $11,580$367,077
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,990$37,342
I-18 Total expensesPrior year $1,990$37,342
I-19 Revenue less expensesPrior year $9,590$329,735
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $367,077 across 4 lines filed
VIII-1f All other contributions, gifts and grants$349,257
VIII-1h Total contributions, gifts and grants$349,257
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,820$17,820
VIII-12 Total revenueRelated to mission $17,820 · Unrelated business $0 · Excluded from tax $0$367,077
Part IX · Statement of functional expenses $37,342 across 8 lines filed
IX-11b Legal feesManagement $6,205$6,205
IX-11c Accounting feesManagement $1,263$1,263
IX-11g Other fees for servicesPrograms $660$660
IX-13 Office expensesPrograms $1,381$1,381
IX-14 Information technologyPrograms $11,053$11,053
IX-17 TravelPrograms $1,969$1,969
IX-23 InsurancePrograms $3,019$3,019
IX-24 Other expenses (24a–d)Programs $3,083 · Management $25 · Fundraising $8,684$11,792
IX-25 Total functional expensesPrograms $21,165 · Management $7,493 · Fundraising $8,684$37,342
Part X · Balance sheet $339,325 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $10,590$294,325
X-4 Accounts receivable$45,000
X-16 Total assetsStart of year $9,590$339,325
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $9,590$339,325
X-32 Total net assets or fund balancesStart of year $9,590$339,325
X-33 Total liabilities and net assetsStart of year $9,590$339,325
Part XI · Reconciliation of net assets $339,325 net assets at year end
XI-1 Total revenue$367,077
XI-2 Total expenses$37,342
XI-3 Revenue less expenses$329,735
XI-4 Net assets at start of year$9,590
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$339,325

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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