Aya Foundation EIN 85-2802236 Form 990 (PDF) Claim this org

Aya Foundation FY2021 filing

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Empowers Black communities to build wealth through education, training, networks, and funding. For fiscal year 2021 it reported $930K in revenue, $131K in expenses, and $800K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Denver, CO
Website
www.ayafoundation.org
Filings
4 on file (2021–2021)
Revenue
$930KFY2021
Expenses
$131K
Net assets
$800K
People
9
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-2802236 Public charity (501(c)(3)) Denver, CO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers Black communities to build wealth through education, training, networks, and funding.
Leadership
Javon Brame · Board Member
Money in and out
$930K revenue, $131K expenses
Bottom line
83% program efficiency
Where the money goes · FY2021
Total revenue
$930K
Pt VIII · Ln 12
Total expenses
$131K
Pt IX · Ln 25
Net assets
$800K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $800K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs
Operating runway
73.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+86%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$930K
FY2021
Expenses
$131K
FY2021
Total assets
$800K
FY2021
Total liabilities
$0
FY2021
Total revenue
$930K
Pt VIII · Ln 12
Total expenses
$131K
Pt IX · Ln 25
Net assets
$800K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$800K
Total assetsPt X · Ln 16$800K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAya Foundation
EINHdr · item D85-2802236
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.ayafoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFMar 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1bpending
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Benilda Samuels’s $175K as Chief Executive Officer is at the 95th percentile of top reported officer pay among 1711 $100K–1M community development 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
Benilda Samuels$175,475$155,000
Benny Samuels$72,195

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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Mission & Programs · Part III

Where the work happens

3 program services account for $108K of program spending, described in the organization's own filed words · FY2021.
01

To lead an Economic Revolution by supporting members of the Black Community build their wealth through access to education, training, networks, and funding. Jump Start My Business served 36 entrepreneurs through direct service workshop. Served 28 entrepreneuers through direct business coaching, business support, and/or scholarships.

$62Kprogram expense
02

The New Community Transformation Fund, the first venture capital fund established in Colorado to serve primarily BIPOC entrepreneurs has made great strides through 2022. Utilizing their philanthropic dollars, the fund was able to launch operations with a full team (Fund Manager, Chief of Staff, Executive Assistant and Operations…

$28Kprogram expense
03

With philanthropic support from a variety of donors, BBI was able to sponsor in-kind registration to more than 25 start up entrepreneurs to the Black Boss Summit, an event that takes place in Denver and is aimed at supporting education and networking for Black entrepreneurs and business ownerships.

$18Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$930K
Total revenueLn 12$930K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$108K
Management & general17%$22K
Total functional expensesLn 25$131K

Balance Sheet

Part X · end of year
CashLn 1$800K
Total assetsLn 16$800K
Total liabilitiesLn 26$0
Total net assetsLn 32$800K
Months of cash on handcomputed73.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $800K · Operating expenses/yr $131K
73.4 months
Where the money goes
Program services
Program services $108K · Total expenses $131K
83%
Management & General
Management & general $22K · Total expenses $131K
17%
Fundraising
Fundraising $0 · Total expenses $131K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $930K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $930K · Total revenue $930K
100%
Government reliance
Government grants — · Total revenue $930K
Earned-income share
Program service revenue $0 · Total revenue $930K
0%
Investment reliance
Investment income $0 · Total revenue $930K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $131K
0%
Growth & trend
Revenue growth (YoY)
This year $930K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $800K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $930K · Expenses $131K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $800K
Net-asset ratio
Net assets $800K · Total assets $800K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $800K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Javon Brame · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $131K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $131K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 16 grants · $548K · 2022–2024
Community First FoundationCO · FY2024$50,000
Zuvan Renewables LLCFY2024$20,000
Welton Street Cafe INCFY2024$20,000
Harris & Co Holdings LLCFY2024$11,500
303 Xtreme Powersports LLCFY2024$9,505
Let Me Show You Different LLCFY2024$9,065
Bella Virtu Organics LLCFY2024$5,669
Cape InclusionFY2023$100,000
Wild Boyd Farm LLCFY2023$20,000
Cargari LLCFY2023$20,000
Found My Keys LLCFY2023$10,000
Queens Gate LLCFY2023$10,000
Glo Knows Unlimited Gloria NealFY2023$7,500
Greater Purpose MediaFY2023$6,000
Access Mode INCCO · FY2022$204,000

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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
FY2024 (Latest)$523K revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.9M revenue · ⤓ 990 PDF
FY2021$930K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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