Black Impact Collaborative
- Assets
- $246.9k
- Revenue
- $194.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- Data as of
- 12/2023
- EIN
- 85-4327761
Organization Overview
Black Impact Collaborative is located in Grand Rapids, MI. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Impact Collaborative 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 Impact Collaborative generated $194.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $380.6k during the year ending 12/2023. 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
THE BLACK IMPACT COLLABORATIVE IS A GROUP OF ORGANIZATIONS FORMED TO IDENTIFY AND ILLUMINATE THE NEEDS OF BLACK PEOPLE IN GREATER GRAND RAPIDS IN LIGHT OF THE COVID-19 PANDEMIC AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK IMPACT COLLABORATIVE IMPACT AREAS: COVID-19 RESPONSE FUND, A RESPONSIVE COMMUNICATIONS PLATFORM, HEALTH & WELL-BEING OF BLACK GREATER GRAND RAPIDS, ECONOMIC SECURITY FOR BLACK GREATER GRAND RAPIDS, POSITIVE EDUCATIONAL OUTCOMES FOR BLACK CHILDREN & YOUTH OF BLACK GREATER GRAND RAPIDS, BLACK GREATER GRAND RAPIDS PERSONS WHO ARE INCARCERATED AND BLACK ELDERS OF BLACK GREATER GRAND RAPIDS ARE CARED FOR SAFE AND PROTECTED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Brame 1st Vice Chair | OfficerTrustee | 15 | $24,500 |
Jimmie Taylor Director | Trustee | 0.5 | $0 |
Jessie Jones Director | Trustee | 0.5 | $0 |
Attah Obande Director | Trustee | 0.5 | $0 |
Teresa Weatherall Neal Director | Trustee | 0.5 | $0 |
Tanell Hills Director | Trustee | 0.5 | $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 | $194,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,474 |
| 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 | $194,556 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $302,825 |
| Advertising and promotion | $21,694 |
| Office expenses | $25,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| 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 | $380,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,534 |
| Savings and temporary cash investments | $94,421 |
| Pledges and grants receivable | $3,914 |
| 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 | $246,869 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $0 |
| Total liabilities | $100,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $146,869 |
| 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 | $246,869 |