Black Professional Association Charitable Foundation Inc
- Assets
- $716.0k
- Revenue
- $348.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Cleveland, OH
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 34-1496786
Organization Overview
Black Professional Association Charitable Foundation Inc is located in Cleveland, OH. The organization was established in 1986. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Black Professional Association Charitable Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Professional Association Charitable Foundation 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, Black Professional Association Charitable Foundation Inc generated $348.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $257.1k during the year ending 12/2021. While expenses have increased by 3.0% 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
THE BLACK PROFESSIONALS ASSOCIATION CHARITABLE FOUNDATION, INC. (FOUNDATION) WAS FORMED IN 1985 TO EXPAND AND MAXIMIZE THE SOCIAL, CULTURAL AND EDUCATIONAL OPPORTUNITIES OF AFRICAN AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISION TO BE A CATALYST THAT PREPARES AND DEVELOPS EMERGING PROFESSIONALS, CELEBRATES DISTINGUISHED LEADERS AND ELEVATES OUR COMMUNITY.HERITAGE & ORIGINCREATED IN 1977, THE BLACK PROFESSIONALS ASSOCIATION (BPA) WAS AN ORGANIZATION DEDICATED TO NETWORKING, PROFESSIONAL GROWTH AND DEVELOPMENT IN GREATER CLEVELANDS AFRICAN AMERICAN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Farrington Treasurer | OfficerTrustee | 4 | $0 |
Meltrice Sharp President | OfficerTrustee | 6 | $0 |
Paris Lampkins Board Member | Trustee | 2 | $0 |
Michele Scott-Taylor Board Member | Trustee | 2 | $0 |
Jermel Carr Board Member | Trustee | 2 | $0 |
Aisha Weeks Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $264,222 |
| Related organizations | $0 |
| Government grants | $16,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,351 |
| Total Program Service Revenue | $0 |
| Investment income | $1,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$21,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,548 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,423 |
| Fees for services: Management | $18,777 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6 |
| Fees for services: Other | $32,543 |
| Advertising and promotion | $13,982 |
| Office expenses | $6,599 |
| Information technology | $5,994 |
| Royalties | $0 |
| Occupancy | $67,435 |
| Travel | $789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,121 |
| Interest | $980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,506 |
| All other expenses | $903 |
| Total functional expenses | $257,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,433 |
| Savings and temporary cash investments | $323,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,724 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $307,519 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $650 |
| Total assets | $715,996 |
| Accounts payable and accrued expenses | $3,656 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $132,990 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $136,646 |
| Net assets without donor restrictions | $211,283 |
| Net assets with donor restrictions | $368,067 |
| 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 | $715,996 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Black Professional Association Charitable Foundation Inc has recieved totaling $55,314.
| Awarding Organization | Amount |
|---|---|
Saint Lukes Foundation Of Cleveland Ohio Cleveland, OH PURPOSE: 41ST ANNIVERSARY GALA SUPPORT FOR SCHOLARSHIPS | $15,000 |
Cleveland Browns Foundation Berea, OH PURPOSE: MISC GRANTS | $10,000 |
The Good Community Foundation Shaker Heights, OH PURPOSE: 2020 GALA | $10,000 |
The Good Community Foundation Shaker Heights, OH PURPOSE: 2021 SCHOLARSHIP AND AWARDS GALA | $9,487 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,822 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: CAREER CONNECT | $5,000 |
Endowment Analysis
| Beg. Balance | $283,939 |
| Earnings | $1,284 |
| Admin Expense | $6 |
| Ending Balance | $285,217 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Foundation Bloomfield Hills, MI | $617,807,734 | $98,304,951 |
Jewish Federation Of Cleveland Cleveland, OH | $589,585,655 | $113,020,772 |
United Way Of Central Indiana Inc Indianapolis, IN | $217,442,591 | $59,941,831 |
Heart Of West Michigan United Way Grand Rapids, MI | $33,929,267 | $56,856,308 |
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI | $47,934,420 | $53,063,745 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
United Way Of Greater Cincinnati Cincinnati, OH | $87,410,500 | $43,822,055 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |