Black Executive Cmo Alliance
- Assets
- $5.3m
- Revenue
- $2.3m
- Investments
- $2.7m
- Employees
- 1
- Location
- Boca Raton, FL
- Founding
- Data as of
- 12/2023
- EIN
- 86-2760208
Organization Overview
Black Executive Cmo Alliance is located in Boca Raton, FL. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Executive Cmo Alliance 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 Executive Cmo Alliance generated $2.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.1m 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
OUR MISSION IS TO PROVIDE AN INTIMATE, TRUSTED, SAFE SPACE FOR BLACK MARKETING C-SUITE EXECUTIVES TO SHARE, LEARN, ELEVATE, AND PAY IT FORWARD IN ORDER TO CREATE OPPORTUNITY, ACCESS, AND EQUALITY FOR THE CURRENT AND NEXT GENERATION OF BLACK MARKETING LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AN INTIMATE, TRUSTED, SAFE SPACE FOR BLACK MARKETING C-SUITE EXECUTIVES TO SHARE, LEARN, ELEVATE, AND PAY IT FORWARD IN ORDER TO CREATE OPPORTUNITY, ACCESS, AND EQUALITY FOR THE CURRENT AND NEXT GENERATION OF BLACK MARKETING LEADERS. THE BECA PLAYBOOK LAUNCHED DECEMBER 2021 WITH 25 FUTURE LEADERS (PARTICIPANTS). THE PROGRAM ADDRESSES THE IMMEDIATE NEED TO ADDRESS INEQUALITY AND LACK OF REPRESENTATION BY BLACK MARKETERS IN THE C-SUITE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerri Devard President | OfficerTrustee | 0 | $695,636 |
Natalie Malaszenko Director | Trustee | 0 | $0 |
Louise Pentland Director | Trustee | 0 | $0 |
Ruth Martin Director | Trustee | 0 | $0 |
Paula Price Director | Trustee | 0 | $0 |
Kerry Chandler Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $360,000 |
| Fundraising events | $528,189 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $893,189 |
| Total Program Service Revenue | $1,380,000 |
| Investment income | $42,454 |
| 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 | $2,325,234 |
| 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. | $733,908 |
| 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 | $11,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,940 |
| Fees for services: Accounting | $18,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,936 |
| Fees for services: Other | $207,076 |
| Advertising and promotion | $1,709,752 |
| Office expenses | $42,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $941 |
| Travel | $24,117 |
| 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 | $13,311 |
| All other expenses | $75,711 |
| Total functional expenses | $3,144,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,190,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,260,000 |
| 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 | $63,818 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,749,595 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,263,623 |
| Accounts payable and accrued expenses | $99,757 |
| 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 | $864,828 |
| Total liabilities | $964,585 |
| Net assets without donor restrictions | $4,299,038 |
| 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 | $5,263,623 |