Blackbelt Benefit Group
- Assets
- $113.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Selma, AL
- Founding
- 05/2014
- Data as of
- 12/2020
- EIN
- 46-2579122
Organization Overview
Blackbelt Benefit Group is located in Selma, AL. 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. Blackbelt Benefit Group 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 12/2020, Blackbelt Benefit Group generated $95.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.1% each year . All expenses for the organization totaled $81.7k during the year ending 12/2020. While expenses have increased by 26.3% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO ACCOMPLISH THIS BBG 1 PROVIDES HIGH-QUALITY LOCAL PROGRAMS AND EVENTS THAT IMPROVE THE LOCAL QUALITY OF LIFE AND 2 PROVIDES GRANT FUNDING TO OTHER LOCAL COMMUNITY ORGANIZATIONS THAT PROVIDE COMPLEMENTARY PROGRAMMING ENSURING OUR GRANT DOLLARS ARE SPENT ON HOLISTIC COMMUNITY SOLUTIONS DESIGNED TO IMPROVE THE QUALITY OF LIFE FOR ALABAMA'S BLACKBELT AND ITS RESIDENTS. BBG SEEKS 1 TO ATTRACT VISITORS AND NEW RESIDENTS TO OUR COMMUNITY THROUGH IMPROVING THE LOCAL QUALITY OF LIFE 2 TO PREVENT CURRENT RESIDENTS FROM LEAVING OFTEN DUE TO A PERCEIVED LACK OF QUALITY OF LIFE INCLUDING FEW EDUCATIONAL SOCIAL AND ECONOMIC OPPORTUNITIES AND 3 TO CREATE A SOCIAL AND ECONOMIC ATMOSPHERE THAT ENCOURAGES THESE FACTORS AND INVESTMENT. THE ORGANIZATION ITSELF PROVIDES PROGRAMMING AND ASSISTS OTHER LOCAL NONPROFITS TO 1 PROMOTE LOCAL TOURISM 2 PROVIDE LOCAL CULTURAL SOCIAL AND ENTERTAINMENT EVENTS FOCUSING ON ARTS MUSIC AND FOOD 3 BRING ATTENTION TO LOCAL ATTRACTIONS THAT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Wilkerson President | 40 | $0 | |
Clay Carmichael Secretary | 40 | $0 | |
Chad Woodruff Treasurer | 40 | $0 | |
Paul Wilkerson Vice President | 40 | $0 | |
Devon Gray | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,560 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$10,672 |
| Other Revenue | $4,860 |
| Total Revenue | $95,748 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,605 |
| Professional fees and other payments to independent contractors | $4,566 |
| Occupancy, rent, utilities, and maintenance | $584 |
| Printing, publications, postage, and shipping | $7,868 |
| Other expenses | $6,430 |
| Total expenses | $81,667 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,748 |
| Other assets | $0 |
| Total assets | $113,748 |
| Total liabilities | $2,531 |
| Net assets or fund balances | $111,217 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blackbelt Benefit Group has recieved totaling $132.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Gulf Coast Workforce Development Board Inc Panama City, FL | $2,763,305 | $9,285,107 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Northeast Florida Community Action Agency Inc Jacksonville, FL | $1,884,590 | $8,774,911 |
Memphis Rise Academy Inc Memphis, TN | $16,603,150 | $9,374,095 |
Broward Healthy Start Coalition Inc Fort Lauderdale, FL | $7,243,529 | $8,773,268 |
A Plus Education Partnership Montgomery, AL | $5,680,033 | $9,890,128 |
University Of Southern Mississippi Athletic Foundation Hattiesburg, MS | $15,145,545 | $10,544,617 |
Palm Bay Education Group Inc Panama City, FL | $22,445,635 | $7,030,723 |
School Of Arts And Sciences Foundation Inc Tallahassee, FL | $10,374,797 | $7,405,221 |
Lake Worth Christian School Society Inc Boynton Beach, FL | $6,651,410 | $7,849,031 |