Mbk Clt-Mecklenburg Inc
- Assets
- $186.4k
- Revenue
- $307.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Charlotte, NC
- Founding
- Data as of
- 06/2022
- EIN
- 85-3271495
Organization Overview
Mbk Clt-Mecklenburg Inc is located in Charlotte, NC. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mbk Clt-Mecklenburg 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 06/2022, Mbk Clt-Mecklenburg Inc generated $307.2k in total revenue. All expenses for the organization totaled $211.9k during the year ending 06/2022. While expenses have increased by 29.6% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MY BROTHER'S KEEPER CHARLOTTE-MECKLENBURG (MBK-CLT MECK) IS COMMITTED TO IMPROVING OUTCOMES FOR BOYS AND YOUNG MEN OF COLOR BY SERVING AS THE BACKBONE ORGANIZATION OF A COLLECTIVE IMPACT EFFORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MY BROTHER'S KEEPER INITIATIVE WAS LAUNCHED IN FEBRUARY 2014 BY FORMER PRESIDENT OBAMA IN RESPONSE TO THE PERSISTENT OPPORTUNITY GAPS FACED BY BOYS AND YOUNG MEN OF COLOR ACROSS OUR NATION. MANY CITIES, TOWNS, AND TRIBAL GOVERNMENTS HAVE RISEN TO THE CALL TO ACTION AS LOCAL MBK CHAPTERS TO ENSURE ALL YOUNG PEOPLE CAN REACH THEIR FULL POTENTIAL. MBKCLTMECK IS A COLLECTIVE IMPACT ORGANIZATION FOUNDED BY MEN OF COLOR THAT UTILIZES A COLLECTIVE IMPACT MODEL TO ADDRESS THE INEQUITIES OF BOYS OF COLOR. OUR COLLECTIVE IMPACT APPROACH TAKES INTO ACCOUNT A "ROOT-CAUSE ANALYSIS AND ADDRESSES THE NEED FOR A RESULT BASED ACCOUNTABILITY STRUCTURE BY ASKING KEY QUESTIONS FOR PROVEN BEST PRACTICES THAT DRIVE IMPACT. THE KEY CHALLENGE IN SECURING TRANSFORMATIVE OUTCOMES FOR OUR BOYS AND YOUNG MEN OF COLOR (BYMOC) IS DEVELOPING A PROCESS THAT ALLOWS US TO BE BOTH "SHORT-TERM RESPONSIVE AND LONG-TERM STRATEGIC". WE SEEK TO CREATE A SYSTEMS APPROACH THAT FACILITATES COLLECTIVE IMPACT THROUGH COLLECTIVE ACTION. THE MBK-CLT MECK FRAMEWORK IS TARGETED IN ITS STRATEGY AND UNIVERSAL IN ITS GOAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Braxton Winston Director | Trustee | 1 | $0 |
Anthony Trotman Director | Trustee | 1 | $0 |
Mark Jarrell Director | Trustee | 1 | $0 |
Kieth Cockrell Director | Trustee | 1 | $0 |
Frank Barnes Director | Trustee | 1 | $0 |
Michael Devaul Chairman | OfficerTrustee | 2 | $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 | $307,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,246 |
| 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 | $307,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| 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 | $99,022 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,902 |
| 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 | $7,579 |
| Advertising and promotion | $16,361 |
| Office expenses | $4,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,713 |
| All other expenses | $7,418 |
| Total functional expenses | $211,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,228 |
| 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 | $17,137 |
| Total assets | $186,365 |
| 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 | $131,058 |
| Total liabilities | $131,058 |
| Net assets without donor restrictions | $55,307 |
| 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 | $186,365 |