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Black Men Coalition Foundation

Tax-deductible

Madison, WI501(c)(3)EmploymentEIN 88-1460629Revenue $1.5M in FY2024

On file with the IRSbmcdc.org1 N Pinckney St, 53703-2829 · Madison, WITax-exempt since Apr 2022Publicly supported — 509(a)(2)

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Black Men Coalition Foundation is led by Black Men who have beaten the school-to-prison pipeline and other systemic barriers. Each brings personal insights and experience on how best to serve our people. The population we can reach are those who don't trust the human service systems or don't even know there are programs out there to help them. We break down barriers to what is possible and help everyone see their value.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Run by 14 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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 $162K a year · 18% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$300K
to officers and key staff · 20% of spending
Top officer’s pay higher than 75% of similar orgs
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $197K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+60% vs prior year
Spent
$1.5M
To programs
61%
Net assets
$498K
By yearFY2022–FY2024
Revenue
$1.5M
FY2024▲ +60%
Tap a bar for its year
Revenue by fiscal year
FY2022$243K
FY2023$933K
FY2024$1.5M
Expenses
$1.5M
FY2024▲ +162%
Tap a bar for its year
Expenses by fiscal year
FY2022$80K
FY2023$581K
FY2024$1.5M
Net assets
$498K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2022$163K
FY2023$527K
FY2024$498K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $920K Management & general 27% · $416K Fundraising 12% · $183K

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

6 people listed on the 990; $300K paid to officers and key staff.

Part VII, Section A · reportable compensation
Corey Marionneaux
CEO & President
$170,215Pt VII · Sec A
Ashiantii Collier Slaton
Director (thru June)/Program Dir.
$82,385Pt VII · Sec A
Sedrick Page
Director (thru June)/ COO
$47,819Pt VII · Sec A
$0Pt VII · Sec A
Richard Tasker
Director (thru November)
$0Pt VII · Sec A
$0Pt VII · Sec A

Corey Marionneaux’s $170K as CEO & President is at the 75th percentile of top reported officer pay among 1245 $1–10M employment 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 · 4 named individuals · Part VII

NameFY2024FY2023
Corey Marionneaux$170,215$71,154
Ashiantii Collier Slaton$82,385—
Ashiantii Collier-Slaton—$60,000
Sedrick Page$47,819—

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.

See Black Men Coalition Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Empowers Black men who've overcome systemic barriers to help others navigate and succeed.

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Provided by the organization

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3 programs · $662K · in their own filed words · FY2024
01

Employment

Individuals who are actively searching for employment opportunities or seeking to secure a job. People who are looking to enter the workforce to change their current job or career or find new employment after a period of unemployment.

$337Kprogram expense
02

Other Programs

"the kernel of truth" production -a compelling stage production presented by the black men coalition of dane county. It delves into the lives of a group of male inmates, exploring their deep emotions and aspirations for redemption despite the harsh realities of incarceration.

$190Kprogram expense
03

Education

At black men coalition foundation in madison, wi, we are proud to offer a diverse range of online course learning opportunities in collaboration with ecornell. Our mission is to provide accessible education that helps individuals gain valuable skills and qualifications.

$135Kprogram 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
Ascendium Education Solutions INCFY2024$181K
Donor Advised Charitable Giving INCFY2024$10K
Madison Gas & Electric Foundation INCFY2024$5K
Total grants receivedfrom 3 funders$197K
See all 3 funders →
Grants paid · 5 grants · $34K · 2023–2024
Unitemized GrantFY2024$8,649
Unitemized GrantFY2024$7,655
Boys and Girls Club of Dane County INCWI · FY2023$10,000
Unitemized GrantFY2023$4,300
Unitemized GrantFY2023$2,908

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$126K
Investment incomeLn 3$6K
Money outPt IX
$1.5M
Ln 25
Programscol B$920K
Managementcol C$416K
Fundraisingcol D$183K
Owns and owesPt X
$498K
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$2.7M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$15K
Noncash giftsLn 1g$832K
Fundraising eventsLn 1c$90K
Fees for servicesLn 2g$126K
Investment incomeLn 3$6K
Gains on assetsLn 7−$14K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$166K
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$144K
Other assetsLn 15$7K
Total assetsLn 16$2.7M
LiabilitiesLn 26$2.2M
Net assetsLn 32$498K
OperationsPt I, VI
EmployeesI 514
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$2.2M
Land, buildings, equipmentLn 10c$90K$144K
Total assetsLn 16$1.6M$2.7M
LiabilitiesLn 26$1.1M$2.2M
Net assetsLn 32$527K$498K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$14K$14K
Grants to domestic individualsLn 2$19K$19K
Pay of current officers, directors and key staffLn 5$315K$128K$84K$103K
Other salaries and wagesLn 7$388K$244K$113K$31K
Other employee benefitsLn 9$24K$13K$7K$5K
Payroll taxesLn 10$72K$38K$20K$14K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$57K$57K
Professional fundraising feesLn 11e$1K$1K
Other fees for servicesLn 11g$269K$197K$72K
Advertising and promotionLn 12$23K$8K$15K$675
Office expensesLn 13$118K$66K$32K$20K
OccupancyLn 16$84K$78K$3K$3K
TravelLn 17$64K$51K$8K$5K
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$5K$3K$867$914
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$1.5M$920K$416K$183K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.5M$1.5M−$29K$498K 990 PDF
FY2023 $933K$581K$352K$527K 990 PDF
FY2022 $243K$80K$163K$163K 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 FY2024 990 (6 parts)
Part I · Summary $1,490,554 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $939,872$1,401,045
I-9 Program service revenuePrior year $0$126,012
I-10 Investment incomePrior year $14,858−$7,703
I-11 Other revenuePrior year −$21,686−$28,800
I-12 Total revenuePrior year $933,044$1,490,554
I-13 Grants and similar amounts paidPrior year $22,428$33,001
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $215,897$799,194
I-16a Professional fundraising feesPrior year $0$1,295
I-17 Other expensesPrior year $342,774$686,526
I-18 Total expensesPrior year $581,099$1,520,016
I-19 Revenue less expensesPrior year $351,945−$29,462
Part VI · Governance 2 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,490,554 across 10 lines filed
Lines not itemized here account for $1,241 of total revenue; see the IRS return.
VIII-1c Fundraising events$90,029
VIII-1e Government grants$15,000
VIII-1f All other contributions, gifts and grants$1,296,016
VIII-1g Noncash contributions (included above)$832,321
VIII-1h Total contributions, gifts and grants$1,401,045
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $126,012$126,012
VIII-3 Investment incomeExcluded from tax $5,871$5,871
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,574−$13,574
VIII-8 Net income from fundraising eventsExcluded from tax −$30,041−$30,041
VIII-12 Total revenueRelated to mission $126,012 · Unrelated business $0 · Excluded from tax −$36,503$1,490,554
Part IX · Statement of functional expenses $1,520,016 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $13,885$13,885
IX-2 Grants to domestic individualsPrograms $19,116$19,116
IX-5 Pay of current officers, directors and key staffPrograms $128,332 · Management $84,063 · Fundraising $103,024$315,419
IX-7 Other salaries and wagesPrograms $243,527 · Management $113,013 · Fundraising $31,020$387,560
IX-9 Other employee benefitsPrograms $12,829 · Management $6,777 · Fundraising $4,599$24,205
IX-10 Payroll taxesPrograms $38,165 · Management $20,163 · Fundraising $13,682$72,010
IX-11b Legal feesManagement $5,094$5,094
IX-11c Accounting feesManagement $56,788$56,788
IX-11e Professional fundraising feesFundraising $1,295$1,295
IX-11g Other fees for servicesPrograms $197,215 · Management $71,598$268,813
IX-12 Advertising and promotionPrograms $7,970 · Management $14,612 · Fundraising $675$23,257
IX-13 Office expensesPrograms $65,618 · Management $32,424 · Fundraising $19,625$117,667
IX-16 OccupancyPrograms $77,537 · Management $3,179 · Fundraising $3,339$84,055
IX-17 TravelPrograms $50,742 · Management $7,830 · Fundraising $5,324$63,896
IX-22 Depreciation, depletion and amortizationPrograms $28,229$28,229
IX-23 InsurancePrograms $2,828 · Management $867 · Fundraising $914$4,609
IX-24 Other expenses (24a–d)Programs $34,118$34,118
IX-25 Total functional expensesPrograms $920,111 · Management $416,408 · Fundraising $183,497$1,520,016
Part X · Balance sheet $2,702,071 assets, 16 lines filed
Asset lines not itemized here account for $52,411; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,089,378$165,562
X-2 Savings and temporary cash investmentsStart of year $302,446$2,008,271
X-3 Pledges and grants receivableStart of year $0$21,025
X-4 Accounts receivableStart of year $22,325$52,896
X-9 Prepaid expenses and deferred chargesStart of year $61,220$251,000
X-10c Land, buildings and equipment, netStart of year $89,967$143,543
X-15 Other assetsStart of year $35,585$7,363
X-16 Total assetsStart of year $1,614,011$2,702,071
X-17 Accounts payable and accrued expensesStart of year $50,055$130,390
X-19 Deferred revenueStart of year $0$67,500
X-25 Other liabilitiesStart of year $15,807$7,363
X-26 Total liabilitiesStart of year $1,086,810$2,204,332
X-27 Net assets without donor restrictionsStart of year −$86,516$256,648
X-28 Net assets with donor restrictionsStart of year $613,717$241,091
X-32 Total net assets or fund balancesStart of year $527,201$497,739
X-33 Total liabilities and net assetsStart of year $1,614,011$2,702,071
Part XI · Reconciliation of net assets $497,739 net assets at year end
XI-1 Total revenue$1,490,554
XI-2 Total expenses$1,520,016
XI-3 Revenue less expenses−$29,462
XI-4 Net assets at start of year$527,201
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$497,739

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

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