Associated Black Charities Inc
- Assets
- $5.8m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Baltimore, MD
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 52-1427774
Organization Overview
Associated Black Charities Inc is located in Baltimore, MD. The organization was established in 1986. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Associated Black Charities Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Black Charities 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, Associated Black Charities Inc generated $15.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $15.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Associated Black Charities Inc has awarded 425 individual grants totaling $120,199,233. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSOCIATED BLACK CHARITIES IS A PUBLIC FOUNDATION THAT FACILITATES THE CREATION OF MEASURABLY HEALTHIER AND WEALTHIER COMMUNITIES THROUGHOUT MARYLAND THROUGH RESPONSIBLE LEADERSHIP AND PHILANTHROPIC INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIV/AIDS EMERGENCY RELIEF. THE RYAN WHITE HIV/AIDS PROGRAM PROVIDES A COMPREHENSIVE SYSTEM OF CARE THAT INCLUDES PRIMARY MEDICAL CARE AND ESSENTIAL SUPPORT SERVICES FOR PEOPLE LIVING WITH HIV WHO ARE UNINSURED OR UNDERINSURED.
USING AN EQUITY FRAMEWORK AS A FUNDER, CONVENER AND THOUGHT LEADER TO END RACE-BASED BARRIERS THAT IMPEDE AFRICAN AMERICANS FROM HAVING A FAIR OPPORTUNITY TO SUCCEED ECONOMICALLY. THE WORK OCCURS BY EDUCATING TO INFLUENCE OTHERS TO SEE WHERE THERE ARE SYSTEM BARRIERS THAT PROHIBIT PEOPLE OF COLOR FROM ECONOMIC ADVANCEMENT AND HAVING THOSE PERSONS BECOME A PART OF THE SOLUTIONS TO ADDRESS THE WORKFORCE/ECONOMIC SYSTEM BARRIERS. THE WORK ALSO INVOLVES PROVIDING MENTORS AND COACHING FOR AFRICAN AMERICAN WORKERS, HELPING PERSONS OF COLOR SERVE ON NONPROFIT BOARDS. USING AN EQUITY FRAMEWORK TO SUPPORT THE CAPACITY GROWTH OF ORGANIZATIONS SERVING AA INCLUDING WORKFORCE PRACTITIONERS (THIS INCLUDES YOUTH SERVICE ORGANIZATIONS FOR 2018 AND 2019). THE LONG-TERM OUTCOMES DESIRED ARE INCREASED WAGES AND OPPORTUNITIES FOR EMPLOYMENT/CAREER GROWTH AND THEREBY ENDING THE WAGE GAP AND THE WEALTH GAP FOR PERSONS OF COLOR THEREBY IMPROVING THE ECONOMIC VIABILITY FOR THE REGION. (THIS REGION HAS HIGHER PERCENTAGE OF PEOPLE OF COLOR WHO ARE LOW WEALTH AND WORKING WITH LOW WAGES THUS UNABLE TO PURCHASE HOMES, START BUSINESSES, INVEST IN HIGHER EDUCATION. AND THERE IS AN ABSENCE OF HIGH WAGE AFRICAN AMERICAN WORKERS IN THE GROWTH ECONOMIC SECTORS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bell-Mckoy Diane President & CEO | OfficerTrustee | 3 | $222,333 |
Salamanca Ray Controller | Trustee | 2 | $134,495 |
Arndt Heidi Chief Of Staff | 2 | $122,811 | |
Bhagwat Tawana Co-Chair, Board Of Directors | OfficerTrustee | 1.5 | $0 |
Grant Kenneth Treasurer And Chair, Finance Committee | OfficerTrustee | 1 | $0 |
Hamilton John Chair, Investment Committe | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,479,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,341,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,821,641 |
| Total Program Service Revenue | $0 |
| Investment income | $37,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $484,069 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,343,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,907,013 |
| 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. | $602,450 |
| Compensation of current officers, directors, key employees. | $301,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $883,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,972 |
| Payroll taxes | $110,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,991 |
| 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 | $132,554 |
| Advertising and promotion | $9,063 |
| Office expenses | $65,844 |
| Information technology | $13,993 |
| Royalties | $0 |
| Occupancy | $101,040 |
| Travel | $1,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $287 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,845 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,067,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,499,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,215,491 |
| 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 | $36,779 |
| Net Land, buildings, and equipment | $38,179 |
| Investments—publicly traded securities | $1,028,090 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,817,793 |
| Accounts payable and accrued expenses | $110,320 |
| Grants payable | $2,130,181 |
| Deferred revenue | $628,270 |
| 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 | $75,464 |
| Total liabilities | $2,944,235 |
| Net assets without donor restrictions | $2,640,180 |
| Net assets with donor restrictions | $233,378 |
| 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 | $5,817,793 |
Grants Awarded
Over the last fiscal year, Associated Black Charities Inc has awarded $12,901,184 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: RYAN WHITE | $2,247,067 |
Baltimore, MD PURPOSE: RYAN WHITE | $1,419,679 |
UM INSTITUTE OF HUMAN VIROLOGY PURPOSE: RYAN WHITE | $1,054,493 |
Baltimore, MD PURPOSE: RYAN WHITE | $1,001,002 |
Baltimore, MD PURPOSE: RYAN WHITE | $910,831 |
Baltimore, MD PURPOSE: RYAN WHITE | $811,401 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Associated Black Charities Inc has recieved totaling $261,098.
| Awarding Organization | Amount |
|---|---|
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $164,610 |
Eddie C And C Sylvia Brown Family Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT | $25,000 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $23,750 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $20,000 |
Patricia And Mark Joseph Shelter Foundation Inc Baltimore, MD PURPOSE: CONTRIBUTION | $15,750 |
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $11,988 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
United Way Of The Greater Lehigh Valley Allentown, PA | $15,393,137 | $25,966,681 |
United Way Of The National Capital Area Vienna, VA | $52,010,356 | $25,572,571 |