A Black Education Network
- Assets
- $352.5k
- Revenue
- $623.6k
- Investments
- $0.0
- Employees
- 2
- Location
- San Jose, CA
- Founding
- 10/2002
- Data as of
- 06/2022
- EIN
- 94-3413477
Organization Overview
A Black Education Network is located in San Jose, CA. The organization was established in 2002. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, A Black Education Network employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Black Education Network 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, A Black Education Network generated $623.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $711.2k during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 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
TO PROVIDE PROGRAMS AND SERVICES TO STUDENTS, FAMILIES, AND TEACHERS IN ORDER TO CREATE CULTURALLY CONSCIOUS AFRICAN AMERICAN STUDENTS WHO ARE LIFE-LONG LEARNERS AND CRITICAL THINKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 2,000 PEOPLE BENFITED FROM ABEN'S SERVICES IN 2021-2022. THAT INCLUDES A VIRTUAL SUMMER INSTITUTE, WEBINARS, ONE VIRTUAL TOUR TO NIGERIA, AND 12 MONTHLY NEWSLETTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Watkins Executive Dir. | Officer | 40 | $72,180 |
James Taylor Board Chair | Officer | 1 | $0 |
Michael Steele Treasurer | Officer | 1 | $0 |
Tyson Amir Vice Chair | Officer | 1 | $0 |
Theresa Robinson Secretary | Officer | 1 | $0 |
Toni Oliver Director | Officer | 1 | $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 | $594,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,286 |
| Total Program Service Revenue | $1,350 |
| Investment income | $28,000 |
| 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 | $623,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $258,445 |
| Grants and other assistance to domestic individuals. | $31,758 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,950 |
| Compensation of current officers, directors, key employees. | $46,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $3,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,336 |
| Advertising and promotion | $2,700 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,170 |
| 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 | $12,639 |
| All other expenses | $32,198 |
| Total functional expenses | $711,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,000 |
| 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 | $2,994 |
| Investments—publicly traded securities | $10 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,500 |
| Total assets | $352,504 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $352,504 |
| 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 | $352,504 |
Grants Awarded
Over the last fiscal year, A Black Education Network has awarded $232,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ATEYA PRODUCTIONS LLC PURPOSE: Professional Teacher Training | $32,500 |
GEORGIA STATE UNIVERSITY PURPOSE: Charitable | $100,000 |
LIBERATED MINDS HOMESCHOOL PURPOSE: Documentary | $50,000 |
TEAMWORK MEDIA GROUP INTL PURPOSE: African American Programming | $50,000 |