Atlanta Wealth Building Initiative Inc

Organization Overview

Atlanta Wealth Building Initiative Inc is located in Atlanta, GA. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Atlanta Wealth Building Initiative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Wealth Building Initiative 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, Atlanta Wealth Building Initiative Inc generated $2.3m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AWBI EXISTS TO MAKE SHARED PROSPERITY THE ATLANTA WAY BY SUPPORTING THE ENGAGEMENT, CAPACITY, AND LEADERSHIP NECESSARY TO ADDRESS ATLANTA'S RACIAL WEALTH DIVIDE. WE ACTIVELY REIMAGE ECONOMIC REALITIES TO PRODUCE AN OPPORTUNITY-RICH FUTURE FOR ALL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AWBI 2021 IMPACT HIGHLIGHTSLIKE MANY ORGANIZATIONS, AWBI WAS IMPACTED BY THE COVID-19 PANDEMIC AND FOCUSED ITS EFFORTS IN BOTH 2020 AND 2021 ON SECURING SUPPORT FOR A VARIETY OF SMALL BUSINESSES IN ITS LOCAL COMMUNITY. IN ADDITION TO THIS DEPLOYMENT, AWBI ACCOMPLISHED THE FOLLOWING:2021 PEOPLESUPPORTED OVER 400 BUSINESSES THROUGH GRANTS, TECHNICAL ASSISTANCE AND COACHINGDEVELOPED POLICY IN PRACTICE DOCUMENT FOR ATLANTA MAYORAL CANDIDATESSUPPORTED BEYA SALON STUDIOS IN EXPANSION TO TWO NEW LOCATIONSPROVIDED A GRANT TO THE KE'NEKT TO CONDUCT COMMUNITY OUTREACH AND COLLECT COMMUNITY INPUT AS AWBI EMBARKS ON ITS RETENTION AND ANTI-DISPLACEMENT STRATEGY2021 CAPITALDISTRIBUTED $420,000 ACROSS 14 GRANTSHELPED BROWN TOY BOX EXECUTE A $2.5M PURCHASE ORDER WITH TARGETBEGAN PLANNING FOR 2022 CAPITAL CONVENINGS TO EXPAND THE POOL OF CAPITAL AVAILABLE FOR BLACK-OWNED BUSINESSES IN ATLANTA2021 IDEASHOSTED THE COMMUNITY WEALTH BUILDING FORUM ON MARCH 25, 2021 WITH MORE THAN 150 ATTENDEESLAUNCHED THE 1,000 BUSINESSES CAMPAIGN AT THE COMMUNITY WEALTH BUILDING FORUM & DEVELOPED EXECUTIVE SUMMARY, VIDEO AND OTHER CAMPAIGN MATERIALSLAUNCHED COMMUNITY WEALTH BUILDING COMMITMENT SERIESPROMOTED COMMUNITY WEALTH BUILDING ONLINE & THROUGH SPEAKING ENGAGEMENTS:COMPLETED CAPITAL LANDSCAPE ANALYSIS WITH JPMC, NEXT STREET, COMMON FUTURE & PSEPROMOTED & SUPPORTED GANGSTERS TO GROWERS AS A WORKER-OWNER MODELIN 2023, AWBI WILL LAUNCH ITS NEW STRATEGIC PLAN FOCUSED ON AN INNOVATIVE SOLUTIONS PORTFOLIO MODEL THAT INCLUDES: AFFORDABLE COMMERCIAL REAL ESTATE, DATA ARCHITECTURE, EMPLOYEE OWNERSHIP, PROGRESSIVE PROCUREMENT AND SOCIAL LABS & INNOVATION.


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Board, Officers & Key Employees

Name (title)Compensation
Latresa Mclawhorn Ryan
Executive Director
$155,848
Tyler Nickerson
Director
$0
Janelle Williams
Director
$0
Jon Thompson
Director
$0
Grace Fricks
Director
$0
Dale Royal
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,192,194
All other contributions, gifts, grants, and similar amounts not included above$81,250
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,273,444
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $1,300
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,274,744

Grants Awarded

Over the last fiscal year, Atlanta Wealth Building Initiative Inc has awarded $420,000 in support to 10 organizations.

Grant RecipientAmount

THE KENEKTGEORGIA MICRO ENTERPRISE NETWORK INC

PURPOSE: SUPPORTING THE ADDITION OF A PROGRAM COORDINATOR AND GRANT WRITER, AND THE COMPLETION OF PHASE ONE OF THE BUILD OUT OF THE KE'NEKT'S SPACE IN WESTVIEW.

$85,000

Atlanta, GA

PURPOSE: TO HELP BROWN TOY BOX EXECUTE ON PURCHASE ORDERS

$75,000

VILLAGE MICRO FUND

PURPOSE: TO HELP BROWN TOY BOX EXECUTE ON PURCHASE ORDERS

$75,000

Atlanta, GA

PURPOSE: TO EXPAND THE ECOSYSTEM OF SERVICES FOR BLACK-OWNED BUSINESSES BY SUPPORTING GOODIE NATION IN HIRING ADDITIONAL STAFF

$40,000

GANGSTAS TO GROWERS

PURPOSE: TO CULTIVATE FUNDING RELATIONSHIPS, GROW THE CAPACITY OF ITS EARNED REVENUE AND FINE TUNE ITS BUSINESS MODEL.

$40,000

OUR VILLAGE UNITEDVILLAGE MARKET ATLANTA

Org PageRecipient Profile

Atlanta, GA

PURPOSE: "SUPPORT BLACK-OWNED BUSINESSES IN ATLANTA IN RECOVERING FROM COVID, GROWING THEIR REVENUES, AND AVOIDING DISPLACEMENT BY PROVIDING ACCESS TO TECHNICAL ASSISTANCE AND COOPERATIVE SPACES, BOTH PHYSICAL AND VIRTUAL THROUGH THE VILLAGE MARKET ATLANTA ECOSYSTEM.

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Atlanta Wealth Building Initiative Inc has recieved totaling $1,558,123.

Awarding OrganizationAmount
The Community Foundation For Greater Atlanta Inc

Atlanta, GA

PURPOSE: HOUSING AND SHELTER

$717,929
Kendeda Fund

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$400,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$100,000
Kendeda Fund

Wilmington, DE

PURPOSE: OPERATING RESERVE FUND

$94,500
Annie E Casey Foundation

Baltimore, MD

PURPOSE: SUPPORT THE CULTIVATING OF BLACK ENTREPRENEURSHIP IN ATLANTA'S SOUTHSIDE

$70,000
The Nathan Cummings Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$50,000
View Grant Recipient Profile

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