Black Socialists Of America
- Assets
- $230.3k
- Revenue
- $169.5k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3589987
Organization Overview
Black Socialists Of America is located in New York, NY. The organization was established in 2020. According to its NTEE Classification (R01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Black Socialists Of America employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Socialists Of America 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 Socialists Of America generated $169.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $121.8k 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
FIGHT FOR OUR OWN AND IN A GREATER FIGHT FOR HUMANITY BY ORGANIZING, EDUCATING AND NETWORKING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZING AND CREATING A NATIONAL PLATFORM AND NETWORK FOR THOSE WHO IDENTIFY AS BLACK AMERICAN / NEW AFRIKAN SOCIALISTS AND WANT TO BUILD IN AN INSTITUTIONAL SENSE.
EDUCATING AND MAINTAINING AN ONGOING DIALOGUE ABOUT SOCIALISM AND CAPITALISM.
HELPING POOR AND WORKING CLASS BLACK AMERICAN / NEW AFRIKAN PEOPLE MOBILIZE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Cook Executive Director | OfficerTrustee | 40 | $60,385 |
Brandon Kine Secretary | Officer | 4 | $0 |
Jessica Judkins Treasurer | Officer | 4 | $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 | $169,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,501 |
| 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 | $169,501 |
| 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. | $60,384 |
| Compensation of current officers, directors, key employees. | $6,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,636 |
| Advertising and promotion | $843 |
| Office expenses | $978 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,057 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $121,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,288 |
| 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 | $230,288 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,872 |
| Total liabilities | $2,872 |
| Net assets without donor restrictions | $227,416 |
| 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 | $230,288 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Black Socialists Of America has recieved totaling $22,044.
| Awarding Organization | Amount |
|---|---|
Tides Center San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $20,000 |
Actblue Charities Inc Somerville, MA PURPOSE: General assistance | $2,044 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Security Project Inc New York, NY | $8,566,805 | $9,565,463 |
Womens March Inc Brooklyn, NY | $718,292 | $3,624,981 |
Jerome Levy Foundation New York, NY | $40,571,361 | $1,886,136 |
Pennsylvania Voice Philadelphia, PA | $3,140,883 | $3,984,614 |
Studentsfirst New York Inc New York, NY | $2,677,249 | $1,921,916 |
Fair Factories Clearinghouse Inc Lexington, MA | $635,126 | $2,116,858 |
All Out Action Fund Inc Long Island City, NY | $2,179,491 | $2,419,145 |
Bagly Inc Boston, MA | $1,258,862 | $2,003,712 |
Free Press Action Fund Florence, MA | $823,216 | $847,721 |
Ai For The People Brooklyn, NY | $234,428 | $877,490 |
Oxfam America Action Fund Inc Boston, MA | $698,027 | $785,636 |
Death Penalty Action Ghent, NY | $5,645 | $424,043 |