Black Impact Collaborative EIN 85-4327761

Black Impact Collaborative

EIN  85-4327761 Public charity (501(c)(3)) Grand Rapids, MI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Identifies and highlights community needs in Greater Grand Rapids, especially after COVID-19.
Leadership
Walter Brame · 1st Vice-Chair · $24K
Money in and out
$366K revenue, $477K expenses
Bottom line
100% program efficiency

Identifies and highlights community needs in Greater Grand Rapids, especially after COVID-19. For fiscal year 2024 it reported $366K in revenue, $477K in expenses, and $142K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$366K
Pt VIII · Ln 12
Total expenses
$477K
Pt IX · Ln 25
Net assets
$142K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$111K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate▼ -53% vs prior filing year
Surplus margin
-30%
revenue over expenses, this year▲ +68% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$366K
FY2024▲ +88%
Expenses
$477K
FY2024▲ +25%
Total assets
$142K
FY2024▼ -43%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$366K
Pt VIII · Ln 12
Total expenses
$477K
Pt IX · Ln 25
Net assets
$142K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$111K
Total assetsPt X · Ln 16$142K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $477K of program spending, described in the organization's own filed words · FY2024.
01

Operations Support from the Institute of Ubuntu from the 7 Impact areas. Child Support Navigation initiative. Community center activities for elders and youth.

$477Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlack Impact Collaborative
EINHdr · item D85-4327761
Principal addressHdr · item CGrand Rapids, MI
WebsiteHdr · item Jbicgr.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFApr 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
1st Vice-Chair
$24,250Pt VII · Sec A
$3,300Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Walter Brame’s $24K as 1st Vice-Chair is at the 13th percentile of top reported officer pay among 2165 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Walter Brame$24,500
Walter Brame$24,250$23,700
Jimmie Taylor$3,300

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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Statement of Revenue

Part VIII
Contributions & grants100%$366K
— government grantsLn 1e$113K
Total revenueLn 12$366K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$477K
Total functional expensesLn 25$477K

Balance Sheet

Part X · end of year
CashLn 1$142K
Total assetsLn 16$142K
Total liabilitiesLn 26$0
Total net assetsLn 32$142K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $142K · Operating expenses/yr $477K
3.6 months
Where the money goes
Program services
Program services $477K · Total expenses $477K
100%
Management & General
Management & general $0 · Total expenses $477K
0%
Fundraising
Fundraising $0 · Total expenses $477K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $374K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $366K · Total revenue $366K
100%
Government reliance
Government grants $113K · Total revenue $366K
31%
Earned-income share
Program service revenue $0 · Total revenue $366K
0%
Investment reliance
Investment income $0 · Total revenue $366K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $477K
0%
Growth & trend
Revenue growth (YoY)
This year $366K · Prior year $195K
+88%
Net-asset trend (YoY)
End of year $142K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $366K · Expenses $477K
-30%
Liabilities-to-Assets
Total liabilities — · Total assets $142K
Net-asset ratio
Net assets $142K · Total assets $142K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $142K
0%
People & payroll
Highest Reported Total Compensation
Individual Walter Brame · Reported title 1st Vice-Chair · Highest reported compensation $24K · Total expenses $477K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $477K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 88%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$110K

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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)$366K revenue · viewing · ⤓ 990 PDF
FY2023$195K revenue · ⤓ 990 PDF
FY2022$675K revenue · ⤓ 990 PDF
FY2021$273K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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