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Black Gravity INC

Tax-deductible

Washington, DC501(c)(3)Since 2021Civil Rights & Advocacy EIN 87-1578309Revenue $1.9M in FY2024Latest return filed Jul 20, 2026

On file with the IRS1255 Union St Ne 7th Floor, 20002-7042 · Washington, DCTax-exempt since Sep 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Blk grvty is an economic design firm. We build the infrastructure that connects capital to ownership and health,which are the structural drivers of a more intelligent, durable economy foreveryone.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$551K 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

FY2024 · 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 3
filings with a surplus
Average surplus $190K a year · 15% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$551K
to officers and key staff · 33% of spending
Top officer’s pay higher than 94% of similar orgs
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $291K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$344K
36% of total assets
Looks good: liabilities are 36% 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
$1.9M
+271% vs prior year
Spent
$1.7M
To programs
80%
Net assets
$610K
By yearFY2022–FY2024
Revenue
$1.9M
FY2024▲ +271%
Tap a bar for its year
Revenue by fiscal year
FY2022$1.5M
FY2023$501K
FY2024$1.9M
Expenses
$1.7M
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2022$371K
FY2023$1.2M
FY2024$1.7M
Net assets
$610K
FY2024▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2022$1.2M
FY2023$429K
FY2024$610K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2023.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.3M Management & general 16% · $266K Fundraising 4% · $63K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $551K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chipo Sachirarwe
Board Member
$284,150Pt VII · Sec A
Janay Nazaire
Board Member
$267,000Pt VII · Sec A
Jim Casselberry
Board Member
$0Pt VII · Sec A
Ushir Shah
Board Member
$0Pt VII · Sec A

Chipo Sachirarwe’s $284K as Board Member is at the 94th percentile of top reported officer pay among 797 $1–10M civil rights & advocacy 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.

See Black Gravity INC executive salaries →

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

Eliminates Black poverty and systemic inequalities, elevating living standards.

Questions for Black Gravity INC

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Your first name shows with your question. Black Gravity INC answers here, for everyone.

1 program · $1.3M · in their own filed words · FY2024
01

Industry leadership and knowledge transfer our convening activities have established us as a central hub for industry knowledge exchange, facilitating partnerships, sharing best practices, and creating collaborative opportunities that benefit the entire community business development ecosystem.

$1.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Robert Wood Johnson FoundationFY2024$291K
Total grants receivedfrom 1 funder$291K
Grants paid · 4 grants · $350K · 2024–2024
Milestone Growth Capital InstituteFY2024$150,000
Collide Capital LLCFY2024$100,000
Cake Ventures Management LLCFY2024$75,000
Black Economic AllianceFY2024$25,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$30K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$266K
Fundraisingcol D$63K
Owns and owesPt X
$610K
net assets · Ln 32
Cash and savingsLn 1–2$954K
Total assetsLn 16$954K
LiabilitiesLn 26$344K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$30K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$954K
Cash and savings togetherLn 1–2$954K
Total assetsLn 16$954K
LiabilitiesLn 26$344K
Net assetsLn 32$610K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$642K$954K
Total assetsLn 16$642K$954K
LiabilitiesLn 26$214K$344K
Net assetsLn 32$429K$610K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$215K$215K
Pay of current officers, directors and key staffLn 5$551K$551K
Other salaries and wagesLn 7$55K$55K
Other employee benefitsLn 9$41K$39K$3K
Payroll taxesLn 10$2K$2K
Professional fundraising feesLn 11e$45K$45K
Other fees for servicesLn 11g$298K$296K$2K
Information technologyLn 14$29K$26K$3K
TravelLn 17$114K$95K$18K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$202K$202K
All other expensesLn 24e$120K$120K
Total functional expensesLn 25$1.7M$1.3M$266K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jul 20, 2026 $1.9M$1.7M$181K$610K 990 PDF
FY2023Filed with the IRS Jul 20, 2026 $501K$1.2M−$729K$429K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $1.5M$371K$1.1M$1.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,855,421 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $300,000$1,824,982
I-9 Program service revenuePrior year $195,743$0
I-10 Investment income$0
I-11 Other revenuePrior year $4,794$30,439
I-12 Total revenuePrior year $500,537$1,855,421
I-13 Grants and similar amounts paidPrior year $25,000$215,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$649,399
I-16a Professional fundraising fees$45,002
I-17 Other expensesPrior year $1,204,613$764,702
I-18 Total expensesPrior year $1,229,613$1,674,103
I-19 Revenue less expensesPrior year −$729,076$181,318
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,855,421 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,824,982
VIII-1h Total contributions, gifts and grants$1,824,982
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,439$30,439
VIII-12 Total revenueRelated to mission $30,439 · Unrelated business $0 · Excluded from tax $0$1,855,421
Part IX · Statement of functional expenses $1,674,103 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $215,000$215,000
IX-5 Pay of current officers, directors and key staffPrograms $551,150$551,150
IX-7 Other salaries and wagesManagement $55,000$55,000
IX-9 Other employee benefitsPrograms $38,575 · Management $2,525$41,100
IX-10 Payroll taxesPrograms $2,149$2,149
IX-11e Professional fundraising feesFundraising $45,002$45,002
IX-11g Other fees for servicesPrograms $296,211 · Management $1,790$298,001
IX-14 Information technologyPrograms $26,378 · Management $2,931$29,309
IX-17 TravelPrograms $95,315 · Fundraising $18,457$113,772
IX-23 InsuranceManagement $1,530$1,530
IX-24 Other expenses (24a–d)Management $202,000$202,000
IX-24e All other expensesPrograms $120,090$120,090
IX-25 Total functional expensesPrograms $1,344,868 · Management $265,776 · Fundraising $63,459$1,674,103
Part X · Balance sheet $954,208 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $642,309$954,208
X-16 Total assetsStart of year $642,309$954,208
X-17 Accounts payable and accrued expenses$51,516
X-25 Other liabilitiesStart of year $213,671$292,736
X-26 Total liabilitiesStart of year $213,671$344,252
X-27 Net assets without donor restrictionsStart of year $148,627$219,869
X-28 Net assets with donor restrictionsStart of year $280,011$390,087
X-32 Total net assets or fund balancesStart of year $428,638$609,956
X-33 Total liabilities and net assetsStart of year $642,309$954,208
Part XI · Reconciliation of net assets $609,956 net assets at year end
XI-1 Total revenue$1,855,421
XI-2 Total expenses$1,674,103
XI-3 Revenue less expenses$181,318
XI-4 Net assets at start of year$428,638
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$609,956

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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