Black Social Capital Initiative Inc
- Assets
- $47.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntersville, NC
- Founding
- Data as of
- 12/2022
- 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 12/2022, Black Social Capital Initiative Inc generated $62.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $54.2k during the year ending 12/2022. 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
2022
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 | $62,907 |
| 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 | $62,907 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54,188 |
| Total expenses | $54,188 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,901 |
| Other assets | $0 |
| Total assets | $47,901 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,901 |