Black Fives Foundation
- Assets
- $188.7k
- Revenue
- $458.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Greenwich, CT
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-1925488
Organization Overview
Black Fives Foundation is located in Greenwich, CT. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Fives Foundation 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 12/2022, Black Fives Foundation generated $458.0k in total revenue. All expenses for the organization totaled $448.6k during the year ending 12/2022. While expenses have increased by 97.0% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BLACK FIVES FOUNDATION WORKS TO RESEARCH, PRESERVE, EXHIBIT, AND AND PROMOTE THE PRE-1950 HISTORY OF AFRICAN AMERICANS IN BASKETBALL TO ENGAGE, TEACH, AND INSPIRE YOUTH AND OTHERS WHILE HONORING ITS PIONEERS AND THEIR DESCENDANTS. WE WORK WITH THE PRE-1950 HISTORY OF AFRICAN AMERICAN BASKETBALL TEAMS (THE "BLACK FIVES ERA") IN ORDER TO: STIMULATE INTEREST IN HISTORY AND THE HUMANITIES, PROMOTE EDUCATIONAL ADVANCEMENT, ENRICH APPRECIATION OF CULTURE AND THE ARTS, ENCOURAGE COMMUNITY-BASED YOUTH PROGRAMMING, BUILD FITNESS AND HEALTH AWARENESS, ILLUMINATE SPORTS INDUSTRY CAREER OPPORTUNITIES, ADVOCATE FOR THE RECOGNITION OF THE ERA'S PIONEERS AND THEIR DESCENDANTS, AND, ENABLE THESE EFFORTS THROUGH INNOVATIVE USES OF TECHNOLOGY AS WELL AS VIA TRADITIONAL MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(1) BIG EAST PARTNERSHIP EVENTS, APPEARANCES, PRESENTATIONS TO STUDENT- ATHLETES (2) FOX TV APPEARANCES PROMOTING BLACK FIVES EDUCATION (3)COLLEGE/SCHOOL VISITS/PRESENTATIONS (4)ONLINE MUSEUM EXHIBITIONS (5) MADDEN GRAVE MARKER (6) DOCUMENTARY FILM PITCHES (7) BLACK FIVES ACADEMY CURRICULUM DEVELOPMENT
PATRON DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claude Johnson President, E | OfficerTrustee | 60 | $125,388 |
Claire Fay Director | Trustee | 1 | $0 |
Keith Houlemard Director | Trustee | 0.5 | $0 |
Michael King Director | Trustee | 0.5 | $0 |
Eric Vinson Treasurer | Trustee | 0.5 | $0 |
Robert Castaneda Secretary | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,559 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $312,874 |
| 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 | $44,549 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,982 |
| 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. | $125,388 |
| Compensation of current officers, directors, key employees. | $12,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $136,924 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,985 |
| Advertising and promotion | $23,720 |
| Office expenses | $44,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,499 |
| Travel | $66,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,333 |
| Insurance | $573 |
| All other expenses | $0 |
| Total functional expenses | $448,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,025 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,750 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $93,589 |
| Other assets | $44,330 |
| Total assets | $188,694 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,393 |
| Total liabilities | $51,393 |
| Net assets without donor restrictions | $137,301 |
| Net assets with donor restrictions | $0 |
| 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 | $188,694 |