Association Of Black Foundation Executives Inc is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Association Of Black Foundation Executives Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Black Foundation Executives Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Association Of Black Foundation Executives Inc generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC ADVISINGABFE BRINGS A NEW FRAMEWORK ON RPBC TO REALIZE ITS MISSION OF PROMOTING EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. THIS NEW TEMPLATE BUILDS UPON GRANTMAKING WITH A RACIAL EQUITY LENS BUT IS TAILORED SPECIFICALLY TO GRANTMAKING IN AND FOR BLACK COMMUNITIES. AS A RESULT, ABFE HAS DESIGNED A SET OF DEFINING CHARACTERISTICS OF PHILANTHROPY THAT IS MORE LIKELY TO REDUCE GAPS IN RACIAL DISPARITIES FACING BLACKS IN THE UNITED STATES. WE HAVE BEEN PARTNERING WITH GRANT MAKERS AROUND THE COUNTRY TO APPLY THIS FRAMEWORK TO THEIR INVESTMENTS. IN 2021, ABFE ENGAGED 15 FOUNDATIONS AND PHILANTHROPY SERVING ORGANIZATIONS TO DELIVER RACIAL EQUITY TRAINING.
ANNUAL CONFERENCE AND JAMES JOSEPH LECTUREABFE'S ANNUAL CONFERENCE IS A GATHERING OF PHILANTHROPIC AND NON-PROFIT PROFESSIONALS FOR NETWORKING AND ENGAGEMENT AROUND SHARED INTEREST IN SUPPORTING BLACK COMMUNITIES THROUGH PHILANTHROPY. THE TARGET AUDIENCE IS ABFE'S MEMBERS AND PARTNERS; FOUNDATION TRUSTEES, EXECUTIVE STAFF AND PROGRAM OFFICERS, GRANT MAKING ENTITIES INCLUDING PRIVATE FOUNDATIONS, CORPORATE GIVING PROGRAMS, DONOR-ADVISED FUNDS AND GIVING CIRCLES. IN 2021, ABFE BROUGHT TOGETHER 551 PARTICIPANTS. THE ANNUAL CONFERENCE WAS AGAIN A VIRTUAL CONVENING. OVER 75% OF THE PARTICIPANTS WERE ABFE MEMBERS.WE ALSO CELEBRATED WHAT HAS BEEN A SIGNATURE PROGRAM FOR ABFE FOR OVER 30 YEARS, THE JAMES A. JOSEPH LECTURE AND AWARDS, WHICH CELEBRATED THE IMPORTANT ACCOMPLISHMENTS OF LEADERS IN THE FIELD.
MEMBERSHIP SERVICESABFE EQUIPS ITS MEMBERS AND PARTNERS WITH TOOLS AND RESOURCES TO RESPOND MORE EFFECTIVELY TO THE NEEDS OF BLACK COMMUNITIES AND TO ADDRESS ANTI-BLACK RACISM. ABFE USES ITS POSITION AND NETWORKS IN THE FIELD TO SHARE INFORMATION FOR THE EXPRESS PURPOSE OF INFLUENCING POLICIES AND PRACTICES IN THE FIELD THAT MAY HINDER THE SUCCESS OF BLACK PROFESSIONALS OR COMMUNITIES. OUR RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) FRAMEWORK FOR GRANTMAKING SUPPORTS THE DIGNITY OF COMMUNITIES AND OPTIMIZES INHERENT STRENGTHS TO ENSURE BETTER OUTCOMES FOR BLACK COMMUNITIES. ABFE ALSO OFFERS A VARIETY OF OPPORTUNITIES FOR MEMBERS AND OTHER PROFESSIONALS IN THE FIELD TO EXCHANGE INFORMATION AND IDEAS, AND TO CULTIVATE PRODUCTIVE RELATIONSHIPS THAT OFTEN RESULT IN LEARNING, CO-INVESTMENT, AND EXPANDED SOCIAL AND PROFESSIONAL OPPORTUNITIES AND COMMUNITIES. OUR PROFESSIONAL AND LEADERSHIP DEVELOPMENT PRIMARILY FOCUSED ON MEMBERS' INTERESTS, ABFE PROVIDES INFORMATION AND OTHER RESOURCES THAT INFORM GRANTMAKING STRATEGIES AND SUPPORT CAREER AND LEADERSHIP DEVELOPMENT FOR BLACK PROFESSIONALS IN THE FIELD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ms Susan Taylor Batten President & CEO | Officer | 35 | $249,676 |
Ms Michell Speight Chief Of Staff | 35 | $172,668 | |
Mr Edward Jones Vp, Programs | 35 | $154,431 | |
Ms Janet Gumbs VP Finance And Admin | Officer | 35 | $147,262 |
Ms Tahira Christmon Vp, External Affairs | 35 | $147,116 | |
Mr T'shawn Rivers Development Director | 35 | $105,738 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $427,046 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $275,855 |
All other contributions, gifts, grants, and similar amounts not included above | $12,060,754 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $12,763,655 |
Total Program Service Revenue | $1,114,836 |
Investment income | $846 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $13,879,337 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $473,675 |
Compensation of current officers, directors, key employees. | $298,089 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,663,802 |
Pension plan accruals and contributions | $26,427 |
Other employee benefits | $318,489 |
Payroll taxes | $171,630 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $17,807 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $20,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $496,516 |
Advertising and promotion | $5,940 |
Office expenses | $37,080 |
Information technology | $86,977 |
Royalties | $0 |
Occupancy | $133,670 |
Travel | $24,725 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $209,115 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $11,172 |
All other expenses | $0 |
Total functional expenses | $3,794,314 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,995,625 |
Savings and temporary cash investments | $1,310,700 |
Pledges and grants receivable | $4,029,669 |
Accounts receivable, net | $93,352 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $29,500 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $24,432 |
Total assets | $18,483,278 |
Accounts payable and accrued expenses | $207,840 |
Grants payable | $0 |
Deferred revenue | $349,063 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $556,903 |
Net assets without donor restrictions | $4,715,594 |
Net assets with donor restrictions | $13,210,781 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $18,483,278 |
Over the last fiscal year, Association Of Black Foundation Executives Inc has awarded $70,000 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
San Francisco, CA PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT | $10,000 |
Washington, DC PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT | $10,000 |
New York, NY PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT | $10,000 |
Oakland, CA PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT | $10,000 |
Oakland, CA PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT | $10,000 |
New York, NY PURPOSE: CHANGE PHILANTHROPY PARTNER GRANT | $10,000 |
Over the last fiscal year, we have identified 67 grants that Association Of Black Foundation Executives Inc has recieved totaling $9,757,955.
Awarding Organization | Amount |
---|---|
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78619 GENERAL OPERATING SUPPORT FOR THE ASSOCIATIO | $1,500,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,000,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,000,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,000,000 |
The California Endowment Los Angeles, CA PURPOSE: ADVANCING HEALTH EQUITY FOR CALIFORNIA BLACK COMMUNITIES THROUGH PHILANTHROPY: TO SUPPORT RESPONSIVE PHILANTHROPY THAT ADVANCES HEALTH EQUITY AND BUILDS POWER AND RESOURCES FOR BLACK COMMUNITIES ACROSS CALIFORNIA. | $666,667 |
The California Endowment Los Angeles, CA PURPOSE: ADVANCING HEALTH EQUITY FOR CALIFORNIA BLACK COMMUNITIES THROUGH PHILANTHROPY: TO SUPPORT RESPONSIVE PHILANTHROPY THAT ADVANCES HEALTH EQUITY AND BUILDS POWER AND RESOURCES FOR BLACK COMMUNITIES ACROSS CALIFORNIA. | $666,667 |
Organization Name | Assets | Revenue |
---|---|---|
Hanac Inc Astoria, NY | $24,898,755 | $13,915,261 |
Care In Action Inc New York, NY | $10,650,658 | $12,783,294 |
Committee To Protect Journalists Inc New York, NY | $41,395,492 | $12,187,476 |
Cayuga-Seneca Community Action Agency Inc Auburn, NY | $3,769,273 | $9,571,843 |
New York Immigration Coalition Inc New York, NY | $9,469,333 | $10,954,996 |
International Institute Of New England Inc Boston, MA | $12,158,874 | $8,105,922 |
People Projects To Empower & Organize The Psy Labeled Inc Poughkeepsie, NY | $2,948,791 | $6,832,246 |
Right To The City Alliance Inc Brooklyn, NY | $20,024,588 | $12,252,091 |
Childrens Rights Inc New York, NY | $11,543,865 | $16,951,270 |
Restaurant Opportunities Centers Roc United Inc New York, NY | $7,794,423 | $5,354,464 |
New Haven Legal Assistance Association Inc New Haven, CT | $4,154,895 | $5,085,291 |
New Immigrant Community Empowerment Jackson Heights, NY | $1,900,800 | $4,500,483 |