Blackfem Inc
- Assets
- $424.1k
- Revenue
- $731.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Germantown, MD
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 47-5331017
Organization Overview
Blackfem Inc is located in Germantown, MD. The organization was established in 2016. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Blackfem Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blackfem 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 12/2022, Blackfem Inc generated $731.6k in total revenue. All expenses for the organization totaled $350.6k during the year ending 12/2022. While expenses have increased by 73.3% per year over the past 6 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
BLACKFEM PARTNERS WITH THE NATIONS MOST FORWARD-THINKING GOVERNMENTAL BODIES AND ACTIVISTS TO REIMAGINE WEALTH BUILDING OPPORTUNITIES FOR BLACK WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACKFEM HAS ADDRESSED KEY AREAS OF INFLUENCE - CULTURAL INSTITUTIONS, EDUCATION SYSTEMS, POLICYMAKING, AND FAMILIES. WITH A HOLISTIC, RESEARCH BACKED APPROACH TO HEALING FINANCIAL TRAUMA. BLACKFEMS CURRICULUM, TRAININGS, AND PROGRAMS HELP MAKE PROGRESS AGAINST THE ROOT CAUSES OF FINANCIAL INEQUITY IN OUR TARGET COMMUNITIES TO IMPROVE THEIR WEALTH BUILDING CAPACITY, OR UNDO BIAS IN THE SYSTEMS AROUND THEM BY RESHAPING LOCAL INSTITUTIONS AND POLICIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chloe Mckenzie Executive Director | Officer | 0 | $131,182 |
Heiyab Tessema Treasurer | OfficerTrustee | 0 | $0 |
Dee Marshall President | OfficerTrustee | 0 | $0 |
Jihan Dubose Director | OfficerTrustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $731,604 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,604 |
| 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. | $92,708 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,683 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,007 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,370 |
| Information technology | $15,917 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $622 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $405 |
| All other expenses | $259 |
| Total functional expenses | $350,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,143 |
| 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 | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $424,143 |
| Accounts payable and accrued expenses | $4,499 |
| 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 | $0 |
| Total liabilities | $4,499 |
| Net assets without donor restrictions | $419,644 |
| 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 | $424,143 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blackfem Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Human Services | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Chimes District Of Columbia Inc Baltimore, MD | $48,959,775 | $100,243,755 |
Senior Health Properties-South Inc Bala Cynwyd, PA | $22,024,850 | $74,814,140 |
Liberty Resources Inc Philadelphia, PA | $18,036,201 | $40,722,801 |
Merakey Woodhaven Lafayette Hill, PA | $6,648,494 | $26,455,348 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Community Resources For Independence Inc Erie, PA | $35,040,174 | $18,257,057 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Council Of Three Rivers American Indian Center Inc Pittsburgh, PA | $2,198,563 | $19,524,702 |
Intercommunity Action Incorporated Philadelphia, PA | $14,614,293 | $19,901,552 |
Spectrum Community Services Inc Allentown, PA | $6,288,427 | $19,062,960 |
Prospectus Associates Inc Reading, PA | $18,973,994 | $22,583,253 |