Black Social Capital Initiative Inc
- Assets
- $39.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntersville, NC
- Founding
- Data as of
- 12/2021
- EIN
- 85-3076147
Organization Overview
Black Social Capital Initiative Inc is located in Huntersville, NC. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Social Capital Initiative Inc 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 Social Capital Initiative Inc generated $25.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $8.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ORGANIZATION BECAME A PIPELINE FOR TALENT BY PAIRING BLACK NONPROFIT LEADERS AND BLACK CEO/ED MENTORS WHO MEET QUARTERLY TO EXPAND THEIR LEADERS CIRCLE AND SOCIAL NETWORKS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,328 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,468 |
| Total expenses | $8,796 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,182 |
| Other assets | $0 |
| Total assets | $39,182 |
| Total liabilities | $0 |
| Net assets or fund balances | $39,182 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Black Social Capital Initiative Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Charlotte Charlotte, NC PURPOSE: PROGRAM OPERATING COSTS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |
Highlands Festivals Inc Highlands, NC | $326,105 | $1,750,969 |