Black Wall Street Avl EIN 87-1330821

Black Wall Street Avl

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Incubates and grows Black-owned businesses through education, resources, and support. For fiscal year 2025 it reported $149K in revenue, $189K in expenses, and $8K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Asheville, NC
Website
blackwallstreetavl.com
Filings
4 on file (2022–2025)
Revenue
$149KFY2025
Expenses
$189K
Net assets
$8K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-1330821 Public charity (501(c)(3)) Asheville, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Incubates and grows Black-owned businesses through education, resources, and support.
Leadership
Kristen Allen · Secretary
Money in and out
$149K revenue, $189K expenses
Bottom line
73% program efficiency
Where the money goes · FY2025
Total revenue
$149K
Pt VIII · Ln 12
Total expenses
$189K
Pt IX · Ln 25
Net assets
$8K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▼ -17% vs prior filing year
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate▼ -65% vs prior filing year
Surplus margin
-27%
revenue over expenses, this year▼ -378% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$149K
FY2025▼ -59%
Expenses
$189K
FY2025▼ -42%
Total assets
$11K
FY2025▼ -80%
Total liabilities
$3K
FY2025▼ -55%
Total revenue
$149K
Pt VIII · Ln 12
Total expenses
$189K
Pt IX · Ln 25
Net assets
$8K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$40K
Total assetsPt X · Ln 16$11K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $139K of program spending, described in the organization's own filed words · FY2024.
01

Black wall street avl is a black business incubator with the mission to start, grow, and scale black businesses by providing education, resources, and support to bipoc owned businesses and new entrepreneurs.

$139Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlack Wall Street Avl
EINHdr · item D87-1330821
Principal addressHdr · item CAsheville, NC
WebsiteHdr · item Jblackwallstreetavl.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$139K · 93%
Program service revenue$10K · 7%
Contributions & grants93%$139K
Program service revenue7%$10K
— government grantsLn 1e$2K
Total revenueLn 12$149K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$139K
Management & general27%$50K
Total functional expensesLn 25$189K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$11K
Total liabilitiesLn 26$3K
Total net assetsLn 32$8K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11K · Operating expenses/yr $189K
0.7 months
Where the money goes
Program services
Program services $139K · Total expenses $189K
73%
Management & General
Management & general $50K · Total expenses $189K
27%
Fundraising
Fundraising $0 · Total expenses $189K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $215K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $139K · Total revenue $149K
93%
Government reliance
Government grants $2K · Total revenue $149K
1%
Earned-income share
Program service revenue $10K · Total revenue $149K
7%
Investment reliance
Investment income $0 · Total revenue $149K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $189K
5%
Growth & trend
Revenue growth (YoY)
This year $149K · Prior year $362K
-59%
Net-asset trend (YoY)
End of year $8K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $149K · Expenses $189K
-27%
Liabilities-to-Assets
Total liabilities — · Total assets $11K
Net-asset ratio
Net assets $8K · Total assets $11K
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristen Allen · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $189K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $92K · Total expenses $189K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth -59%
Accounting fee ratio 8%

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
Total grants receivedfrom 1 funder$93K
Grants paid · 1 grant · $6K · 2022–2022
Unitemized GrantFY2022$6,097

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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
FY2025 (Latest)$149K revenue · viewing · ⤓ 990 PDF
FY2024$362K revenue · ⤓ 990 PDF
FY2023$240K revenue · ⤓ 990 PDF
FY2022$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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