Black In Ai
- Assets
- $1.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- Data as of
- 12/2021
- EIN
- 82-4062920
Organization Overview
Black In Ai is located in Menlo Park, CA. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black In Ai 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, Black In Ai generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $62.5k during the year ending 12/2021. 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
BLACK IN AI IS A PLACE FOR SHARING IDEAS, FOSTERING COLLABORATIONS, AND DISCUSSING INITIATIVES TO INCREASE THE PRESENCE OF BLACK PEOPLE IN THE FIELD OF ARTIFICIAL INTELLIGENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK IN AI IS A PLACE FOR SHARING IDEAS, FOSTERING COLLABORATIONS, AND DISCUSSING INITIATIVES TO INCREASE THE PRESENCE OF BLACK PEOPLE IN THE FIELD OF ARTIFICIAL INTELLIGENCE. THIS IS DONE BY BRINGING PEOPLE TOGETHER VIA GOOGLE GROUP, FACEBOOK GROUP, FORM, TWITTER AND OTHER SOCIAL MEDIA WEBSITES. PEOPLE ALSO ATTEND DINNERS AND WORKSHOPS TO COLLABORATE AND OBTAIN NEW JOBS, INTERNSHIPS, SCHOOLING, PHD OPPORTUNITIES, FELLOWSHIPS, AND SPEAKING ENGAGEMENTS, THERE ARE A SIGNIFICANT NUMBER OF PEOPLE FROM THE BAI COMMUNITY APPLYING TO GRADUATE PROGRAMS IN THE US, CANADA, UK, AND OHER COUNTRIES WITH MENTORS SIGNED UP TO SHEPERD THE APPLICATION PROCESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanmi Koyejo President | OfficerTrustee | 20 | $0 |
Rediet Abebe Director | Trustee | 10 | $0 |
Simone Bartlett Treasurer | Trustee | 12 | $0 |
Devin Guillory Director | Trustee | 12 | $0 |
Ezinne Nwankwo Secretary | Trustee | 10 | $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 | $1,000,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,957 |
| Total Program Service Revenue | $0 |
| 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 | $1,000,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,460 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,175 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,425 |
| Fees for services: Legal | $10,150 |
| Fees for services: Accounting | $2,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,537 |
| Advertising and promotion | $120 |
| Office expenses | $150 |
| Information technology | $1,002 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $500 |
| All other expenses | $0 |
| Total functional expenses | $62,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,757,090 |
| 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 | $1,757,090 |
| Accounts payable and accrued expenses | $95 |
| 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 | $95 |
| Net assets without donor restrictions | $1,267,035 |
| Net assets with donor restrictions | $489,960 |
| 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 | $1,757,090 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Black In Ai has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |