Black Leaders Detroit
- Assets
- $1.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Detroit, MI
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 84-2514445
Organization Overview
Black Leaders Detroit is located in Detroit, MI. The organization was established in 2019. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. As of 12/2023, Black Leaders Detroit employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Leaders Detroit 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 12/2023, Black Leaders Detroit generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 49.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR DIVERSE SOCIAL AND COMMUNITY IMPACT PROJECTS ORIGINATED AND LED BY DETROITERS OF AFRICAN DESCENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK LEADERS DETROIT (BLD)ISSUED OVER $950,000 NO-INTEREST LOANS AND $322,000 IN GRANTS, BLD HELPED PROVIDE A SIGNIFICANT FINANCIAL BOOST TO BLACK OWNED BUSINESSES AND NONPROFITS, WHICH OFTEN STRUGGLE TO ACCESS ADEQUATE FUNDING. BLD PROUDLY WELCOMED COLLEGE INTERNS TO ASSIST IN THE DYNAMIC PLANNING AND DEVELOPMENT OF OUR *RISING BLACK LEADERS* PROGRAMAN ENTREPRENEURIAL INITIATIVE DESIGNED TO EMPOWER AND INVEST IN HIGH SCHOOL SCHOOL SCHOLARS THROUGH TRANSFORMATIVE GRANTS. WE ALSO CELEBRATED THE SPIRIT OF ENTREPRENEURSHIP IN STYLE WITH *DETROIT DRIP*, A HIGH-ENERGY GRANT COMPETITION THAT SHOWCASED AND HONORED OVER 70 OF DETROITS MOST INNOVATIVE FASHION DESIGNERS AND RETAILERS. BLD ALSO SPEARHEADED A SERIES OF ACTIVATIONS THROUGHOUT DETROIT, PROMOTING THE IMPORTANCE OF SHOPPING LOCAL AND SUPPORTING OUR VIBRANT BLACK BUSINESS COMMUNITY. THESE INITIATIVES ARE ALL PART OF OUR COMMITMENT TO FUELING CREATIVITY, INNOVATION, AND ECONOMIC EMPOWERMENT ACROSS DETROIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie D Dandridge CEO | Officer | 40 | $120,792 |
Dominique Campbell Director | Trustee | 10 | $0 |
Quan Neloms Director | Trustee | 10 | $0 |
Kim Uhuru Director | Trustee | 10 | $0 |
Duante Anderson Treasurer | Officer | 10 | $0 |
Shannon Gaston President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,548 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,962,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,083,363 |
| 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 | $2,083,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $322,637 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,959 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,757 |
| Payroll taxes | $36,334 |
| Fees for services: Management | $0 |
| 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 | $29,135 |
| Advertising and promotion | $26,467 |
| Office expenses | $24,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,931 |
| Travel | $11,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,920 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $211,012 |
| Total functional expenses | $1,292,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,188 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $950,139 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,819,655 |
| Accounts payable and accrued expenses | $27,449 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $127,449 |
| Net assets without donor restrictions | $1,015,959 |
| Net assets with donor restrictions | $676,247 |
| 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 | $1,819,655 |
Grants Awarded
Over the last fiscal year, Black Leaders Detroit has awarded $87,300 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JANNA KAY CHARCUTERIE BOXES AND BOA PURPOSE: Community impact project support | $10,000 |
REYZ LLC PURPOSE: Community impact project support | $10,000 |
MOSTYN COMM DEV SERV PURPOSE: Community impact project support | $10,000 |
THREE THIRTEEN DETROIT PURPOSE: Community impact project support | $10,000 |
RHINO DYNO PURPOSE: Community impact project support | $10,000 |
HIRED MUSCLE PURPOSE: Community impact project support | $10,000 |