Beloved Community
- Assets
- $2.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 10
- Location
- New Orleans, LA
- Founding
- 09/2017
- Data as of
- 06/2022
- EIN
- 81-3388287
Organization Overview
Beloved Community is located in New Orleans, LA. The organization was established in 2017. 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 06/2022, Beloved Community employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beloved Community 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 06/2022, Beloved Community generated $5.2m in total revenue. All expenses for the organization totaled $5.6m during the year ending 06/2022. While expenses have increased by 121.3% per year over the past 4 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
CATALYZE PEOPLE AND INSTITUTIONS TO IMPLEMENT SUSTAINABLE CROSS-SECTOR DIVERSITY PRACTICES THAT RESULT IN ECNOMIC GROWTH 10
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN BELOVED COMMUNITY'S FIFTH YEAR WE SUPPORTED 113 ORGANIZATIONS WITH ONGOING FACILITATIONS, TRAINED 497 ORGANIZATIONAL LEADERS IN DIVERSITY, EQUITY AND INCLUSION PRACTICES. WE CELEBRATED THE FOLLOWING IMPACT AND MILESTONES: 1)EQUITY AUTID TOOL SUITE: IN FY 22, 101 ORGANIZATIONS COMPLETED THE EQUITY LENS MAP. RESPONDENTS REPRESENTED ALL THREE TARGET ORGANIZATIONAL TYPES: NONPROFITS/COLLEGES/UNIVERSITIES(33),K-12 SCHOOLS (33) AND FOR PROFIT BUSINESSES (35). RESPONDENTS EMPLOYEED 10,123 TO 56,851 FULL TIME STAFF. 2) CAPACITY-BUILDING SERVICES: IN FY 22 BELOVED COMMUNITY PROVIDED EQUITY TRAINING FOR 125 ORGANIZATIONAL LEADERS VIA DEEP DIVE ENGAGEMENTS: INCLUDING WORKSHOP FACILITATION, LEADERSHIP COACHING, EQUITY WORK PLAN DEVELOPMENT, AND TRAIN THE TRAINER SUPPORT. 3)COMMUNITIES OF PRACTICE: IN FY 22 BELOVED COMMUNITY SUPPORTED 5 COMMUNITIES OF PRACTICE ACROSS THE US: 1)EQUITY IN SCHOOLS COHORT-IN INDIANAPOLIS SUPPORTING 7 CHARTER AND INNOVATION SCHOOLS, WITH 39 LEADERS IN THE DEVELOPMENT OF THEIR EQUITY PLANS. 2)EQUITY AT WORK COHORT- IN INDIANAPOLIS SUPPORTING 9 NONPROFIT LEADERSHIP TEAMS WITH 51 LEADERS IN THE DEVELOPMENT OF THEIR EQUITY PLANS. 3)EQUITY IN SCHOOLS COHORT-IN KANSAS CITY SUPPORTING 13 SCHOOL DISTRICTS AND LEA LEADERSHIP TEAMS WITH 103 LEADERS IN THE DEVELOPMENT OF THEIR EQUITY PLANS. 4)LEADERS OF COLOR COHORT-IN NEW ENGLAND SUPPORTING 43 NONPROFIT LEADERSHIP TEAMS WITH 84 LEADERS. 5)EQUITY AT WORK - HOSPITALITY IN NEW ORLEANS SUPPORTING 23 RESTAURANT AND HOSPITALITY GROUPS WITH 94 LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Isom Board Chair | Trustee | 1 | $0 |
Michael Goetz Board Treasurer | Trustee | 1 | $0 |
Rhonda J Broussard CEO | OfficerTrustee | 40 | $228,089 |
Andrew S Cheng Director | Trustee | 1 | $0 |
Adriane Johnson-Williams Board Secretary | Trustee | 1 | $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 | $4,414,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,414,395 |
| Total Program Service Revenue | $805,173 |
| 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 | $5,220,790 |
| 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. | $2,057,338 |
| Compensation of current officers, directors, key employees. | $1,190,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,268 |
| Payroll taxes | $147,937 |
| Fees for services: Management | $1,001,500 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $9,632 |
| Office expenses | $260,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,776 |
| Travel | $221,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,317 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,244 |
| Insurance | $0 |
| All other expenses | $1,701,236 |
| Total functional expenses | $5,625,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,068,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,264 |
| 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 | $1,148,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,405,203 |
| Accounts payable and accrued expenses | $740,199 |
| Grants payable | $0 |
| Deferred revenue | $166,667 |
| 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 | $906,866 |
| Net assets without donor restrictions | $166,667 |
| Net assets with donor restrictions | $1,331,670 |
| 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 | $2,405,203 |