Black Product Managers FY2022 filing

Tax-deductible

San Francisco, CA501(c)(3)Public & Societal BenefitEIN 85-2790239Revenue $433K in FY2022

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.
42¢ of each $1 spent went to programs.
$128K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$128K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.9 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
$577
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$433K
+18% vs prior year
Spent
$336K
To programs
42%
Net assets
$437K
By yearFY2021–FY2024
Revenue
$433K
FY2022▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2021$367K
FY2022$433K
FY2023$707K
FY2024$369K
Expenses
$336K
FY2022▲ +800%
Tap a bar for its year
Expenses by fiscal year
FY2021$37K
FY2022$336K
FY2023$718K
FY2024$482K
Net assets
$437K
FY2022▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2021$339K
FY2022$437K
FY2023$426K
FY2024$313K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

42 cents of each dollar spent went to programs.

Program services 42% · $142K Management & general 56% · $189K Fundraising 1% · $5K

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; $128K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Operating Officer
$127,800Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson of the Board
$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 · $142K · in their own filed words · FY2022
01

BPM made a massive impact in 2022. Specifically, we launched additional cohorts of our level up program geared toward helping black product managers up level their skills and gain new roles in product management. In our 8-WEEK program across 2 cohorts, we had 1,000 applicants and 125 participants accepted to the program.

$142Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$433K
Ln 12
Gifts and grantsLn 1h$335K
Fees for servicesLn 2g$98K
Money outPt IX
$336K
Ln 25
Programscol B$142K
Managementcol C$189K
Fundraisingcol D$5K
Owns and owesPt X
$437K
net assets · Ln 32
Cash and savingsLn 1–2$388K
Total assetsLn 16$437K
LiabilitiesLn 26$577
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$335K
Fees for servicesLn 2g$98K
Total revenueLn 12$433K
Assets in detailPt X, end of year
CashLn 1$388K
Cash and savings togetherLn 1–2$388K
Total assetsLn 16$437K
LiabilitiesLn 26$577
Net assetsLn 32$437K
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 FY22End FY22
Cash and savingsLn 1–2$294K$388K
Total assetsLn 16$339K$437K
LiabilitiesLn 26$0$577
Net assetsLn 32$339K$437K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$128K$128K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$555$555
Other fees for servicesLn 11g$58K$58K
Office expensesLn 13$1K$1K
Information technologyLn 14$37K$37K
TravelLn 17$16K$16K
Conferences, conventions and meetingsLn 19$68K$68K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$20K$16K$5K
All other expensesLn 24e$155$155
Total functional expensesLn 25$336K$142K$189K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $369K$482K−$113K$313K 990 PDF
FY2023 $707K$718K−$10K$426K 990 PDF
FY2022 Viewing $433K$336K$97K$437K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $433,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $349,257$335,400
I-9 Program service revenuePrior year $17,820$97,846
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $367,077$433,246
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $37,342$335,952
I-18 Total expensesPrior year $37,342$335,952
I-19 Revenue less expensesPrior year $329,735$97,294
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $433,246 across 4 lines filed
VIII-1f All other contributions, gifts and grants$335,400
VIII-1h Total contributions, gifts and grants$335,400
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $97,846$97,846
VIII-12 Total revenueRelated to mission $97,846 · Unrelated business $0 · Excluded from tax $0$433,246
Part IX · Statement of functional expenses $335,952 across 11 lines filed
IX-11a Management feesManagement $127,800$127,800
IX-11b Legal feesManagement $2,958$2,958
IX-11c Accounting feesPrograms $555$555
IX-11g Other fees for servicesManagement $58,438$58,438
IX-13 Office expensesPrograms $1,087$1,087
IX-14 Information technologyPrograms $37,179$37,179
IX-17 TravelPrograms $15,857$15,857
IX-19 Conferences, conventions and meetingsPrograms $68,106$68,106
IX-23 InsurancePrograms $3,340$3,340
IX-24 Other expenses (24a–d)Programs $15,849 · Fundraising $4,628$20,477
IX-24e All other expensesManagement $155$155
IX-25 Total functional expensesPrograms $141,973 · Management $189,351 · Fundraising $4,628$335,952
Part X · Balance sheet $437,196 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $294,325$387,846
X-4 Accounts receivableStart of year $45,000$49,350
X-16 Total assetsStart of year $339,325$437,196
X-17 Accounts payable and accrued expensesStart of year $0$577
X-26 Total liabilitiesStart of year $0$577
X-27 Net assets without donor restrictionsStart of year $339,325$436,619
X-32 Total net assets or fund balancesStart of year $339,325$436,619
X-33 Total liabilities and net assetsStart of year $339,325$437,196
Part XI · Reconciliation of net assets $436,619 net assets at year end
XI-1 Total revenue$433,246
XI-2 Total expenses$335,952
XI-3 Revenue less expenses$97,294
XI-4 Net assets at start of year$339,325
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$436,619

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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