Action Center On Race And The Economy Institute
- Assets
- $6.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Frankfort, IL
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 82-1199695
Organization Overview
Action Center On Race And The Economy Institute is located in Frankfort, IL. The organization was established in 2017. 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 12/2021, Action Center On Race And The Economy Institute employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Action Center On Race And The Economy Institute 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, Action Center On Race And The Economy Institute generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 41.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISCAL SPONSORSHIP PROGRAM WITH ROOSEVELT COLLEGE RELATED TO MISSION STATEMENT. PROGRAMS INCLUDED WAYS TO REDUCE RACIAL AND ECONOMIC INEQUALITY AND PROMOTE ECONOMIC AND RACIAL JUSTICE THROUGH PUBLIC EDUCATION, RESEARCH AND ADVOCACY, TRAINING COMMUNITY ORGANIZATIONS ABOUT ECONOMIC AND RACIAL JUSTICE ISSUES AND ADVOCACY STRATEGIES; SUPPORTING ORGANIZATIONS IN COMMUNITY ADVOCACY EFFORTS; AND HOLDING CONFERENCES ABOUT ECONOMIC AND RACIAL JUSTICE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Bp-Weeks Co-Exec. Dir. | Officer | 33 | $125,408 |
Saqib Bhatti Co-Exec. Dir | Officer | 33 | $125,408 |
Christina Livingston President | OfficerTrustee | 10 | $0 |
Beth Herz Treasurer/secre | OfficerTrustee | 10 | $0 |
Amisha Patel Director | Trustee | 10 | $0 |
Lauren Jacobs Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $238,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,701,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,939,927 |
| Total Program Service Revenue | $176,943 |
| 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 | $6,121,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $690,860 |
| 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. | $250,731 |
| Compensation of current officers, directors, key employees. | $15,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,211,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $665,340 |
| Payroll taxes | $208,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,749 |
| Fees for services: Accounting | $64,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $480,915 |
| Advertising and promotion | $49,669 |
| Office expenses | $146,598 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,569 |
| Travel | $30,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,155 |
| All other expenses | $0 |
| Total functional expenses | $4,859,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,611,556 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,478,330 |
| Accounts receivable, net | $108,552 |
| 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 | $41,230 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,050 |
| Total assets | $6,240,718 |
| Accounts payable and accrued expenses | $722,497 |
| 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 | $27,428 |
| Total liabilities | $749,925 |
| Net assets without donor restrictions | $5,490,793 |
| 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 | $6,240,718 |
Grants Awarded
Over the last fiscal year, Action Center On Race And The Economy Institute has awarded $685,860 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: N/A | $400,000 |
Oakland, CA PURPOSE: N/A | $200,000 |
Chicago, IL PURPOSE: For Casey Foundation | $50,000 |
Pasadena, CA PURPOSE: General Support | $15,000 |
Buffalo, NY PURPOSE: To Little Sis for Crescendo work | $14,430 |
New York, NY PURPOSE: N/A | $6,430 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Action Center On Race And The Economy Institute has recieved totaling $566,000.
| Awarding Organization | Amount |
|---|---|
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $227,000 |
Rockefeller Family Fund Inc New York, NY PURPOSE: PROJECT SUPPORT - ENVIRONMENT | $160,000 |
Powerswitch Action Oakland, CA PURPOSE: WMTC/Worker Organizing, Athena | $85,000 |
Solutions Project Inc Oakland, CA PURPOSE: Fighter Fund - Capacity Building Grant | $50,000 |
Pillars Fund Chicago, IL PURPOSE: Program Support | $15,000 |
Chicago Foundation For Women Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Action Center On Race And The Economy Institute Frankfort, IL | $6,240,718 | $6,121,871 |
Indiana Black Expo Inc Indianapolis, IN | $5,628,734 | $3,463,506 |
United African Organization Inc Chicago, IL | $265,558 | $825,010 |
Skin Of Color Society Foundation Chicago, IL | $646,112 | $904,378 |
365 Media Foundation Inc Madison, WI | $310,083 | $647,972 |
Chicago United For Equity Chicago, IL | $1,086,491 | $988,294 |
Latino Coalition Against Domestic & Sexual Violence Indianapolis, IN | $487,048 | $470,974 |
Charles Hamilton Houston Institute Inc Verona, WI | $57,847 | $372,368 |
Privilege Institute Inc Green Bay, WI | $1,242,703 | $600,051 |
The Leverage Network Inc Chicago, IL | $636,417 | $532,589 |
Life Is Work Maywood, IL | $0 | $301,765 |
Black Youth Project 100 Nfp Chicago, IL | $2,479,494 | $666,089 |