Congressional Black Caucus Foundation Inc
- Assets
- $31.5m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Washington, DC
- Founding
- 10/1979
- Data as of
- 12/2022
- EIN
- 52-1160561
Organization Overview
Congressional Black Caucus Foundation Inc is located in Washington, DC. The organization was established in 1979. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, Congressional Black Caucus Foundation Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Congressional Black Caucus 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 12/2022, Congressional Black Caucus Foundation Inc generated $18.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $17.1m during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 8 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
TO ADVANCE THE BLACK COMMUNITY BY DEVELOPING LEADERS, INFORMING POLICY, & EDUCATING THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP INSTITUTE/CPAR THE CONGRESSIONAL BLACK CAUCUS FOUNDATION, INC, (CBCF) LEADERSHIP INSTITUTE OFFERS A MYRIAD OF PROGRAMS AIMED AT BUILDING THE NEXT GENERATION OF LEADERS TO INCLUDE INTERNSHIPS, FELLOWSHIPS, SCHOLARSHIPS, AND STUDY ABROAD PROGRAMS. OPPORTUNITIES ARE PROVIDED TO AFRICAN AMERICAN EMERGING LEADERS INTERESTED IN GAINING THE FIRST-HAND EXPERIENCE IN PUBLIC POLICY MAKING AS WELL AS DULY COMMITTED TO ADDRESSING SOCIAL INEQUALITIES AMONG UNDERSERVED GROUPS. INTERNSHIPS ARE OFFERED IN THE SPRING AND FALL AND THE SUMMER ALONG WITH PROFESSIONAL DEVELOPMENT LEADERSHIP TRAINING. FELLOWSHIPS ARE FOR 20-MONTHS ALLOWING YOUNG PROFESSIONALS TO GAIN EXPERIENCE WORKING ON CAPITOL HILL IN BOTH MEMBER OFFICES, THE HOUSE AND SENATE COMMITTEES. SCHOLARSHIPS ARE PROVIDED TO HIGH SCHOOL QUALIFIED STUDENTS AND CONTINUING EDUCATION COLLEGE STUDENTS.
CBCF SCHOLARSHIP PROGRAM, COVERS EXPENSES FOR QUALIFIED SCHOLARSHIP RECEIPIENTS, SOME SCHOLARSHIPS ARE ANNUAL, SOME OF THE SCHOLARSHIPS ARE MULTI-YEAR GIFTS. THESE SCHOLARSHIPS ARE AWARDED BASED ON A MERIT-BASED APPLICATION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rep Terri Sewell Director | OfficerTrustee | 1 | $0 |
Chaka Burges Director | OfficerTrustee | 1 | $0 |
Kevin Brown Director | OfficerTrustee | 1 | $0 |
Markus Green Director | OfficerTrustee | 1 | $0 |
Pamela G Alexander Director | Trustee | 1 | $0 |
Rep Colin Allred Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stratus Group Alc Conference | 12/30/22 | $603,800 |
Wihn Housing Intern Housing | 12/30/22 | $585,000 |
Miles Ahead Entertainment Talent | 12/30/22 | $472,447 |
The Hatcher Group Marketing Consultant | 12/30/22 | $383,000 |
Stova Registration Services | 12/30/22 | $283,354 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,659,520 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,548,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,208,090 |
| Total Program Service Revenue | $2,052,480 |
| 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 | $230,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,491,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,827,217 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,417,500 |
| Compensation of current officers, directors, key employees. | $1,417,500 |
| Compensation to disqualified persons | $361,802 |
| Other salaries and wages | $2,392,074 |
| Pension plan accruals and contributions | $377,204 |
| Other employee benefits | $636,330 |
| Payroll taxes | $395,973 |
| Fees for services: Management | $5,085,809 |
| Fees for services: Legal | $323,354 |
| Fees for services: Accounting | $17,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $362,366 |
| Office expenses | $153,657 |
| Information technology | $173,567 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $175,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,115,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,330 |
| Insurance | $26,232 |
| All other expenses | $0 |
| Total functional expenses | $17,069,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,534,761 |
| Savings and temporary cash investments | $8,640,963 |
| Pledges and grants receivable | $7,712,181 |
| 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 | $189,134 |
| Net Land, buildings, and equipment | $1,633,033 |
| Investments—publicly traded securities | $1,820,807 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,530,879 |
| Accounts payable and accrued expenses | $1,306,953 |
| Grants payable | $0 |
| Deferred revenue | $9,505,656 |
| 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 | $10,812,609 |
| Net assets without donor restrictions | $14,725,977 |
| Net assets with donor restrictions | $5,992,293 |
| 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 | $31,530,879 |