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Nonprofit · EIN 52-2018919

INSTITUTE FOR BLACK CHARITIES

Also known as BLACK CHARITIES FOR CHILDREN FAMILI

Tax-exempt · MANOR, TX 78653

Financials

$49K$28K2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE FOR BLACK CHARITIES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$49,000$27,990$21,010$108,775$0$108,775
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$47,500
Program service revenue
$1,500
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$1,147
Professional fundraising fees
$0
Accounting fees
$679
Travel
$691
Program services (functional)
$24,973
Management and general (functional)
$3,017

Balance sheet and other

Total assets, start of year
$87,765
Total assets, end of year
$108,775
Total liabilities, end of year
$0
Net assets, end of year
$108,775
Land, buildings and equipment
$4,005
Net assets without donor restrictions
$108,775
Gross receipts
$49,000
Employees
1
Year formed
1997
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
TIMOTHY BRACEYCHAIRMAN
Trustee or director, Officer
10$0
THOMAS CARPENTERDIRECTOR
Trustee or director, Officer
10$0
MICHELLE FULBRIGHTSECRETARYTREASURER
Trustee or director, Officer
15$0
CHARLENE TAYLORPRESIDENTCEO
Trustee or director, Key employee
40$0
DONALD CHANDLERDIRECTOR
Trustee or director
10$0

Address and contacts

Address (IRS master file)
16600 DECKER CREEK DR, MANOR, TX 78653-5008
In care of
% CHARLENE TAYLOR
Principal officer (990 for 2024)
TIMOTHY BRACEY, 3325 WASHBURN AVENUE Ste 111, CHARLOTTE, NC 28205
Signed the 990
CHARLENE TAYLOR, EXECUTIVE DIRECTOR
Phone
(202) 722-5050
Return prepared by
CENTER FOR ACCOUNTING AND BUS SVCS

Mission

TO SUPPORT CHARITABLE PROGRAMS THAT IMPROVE THE LIVING CONDITIONS FOR BLACK CHILDREN, FAMILIES AND IMPOVERISHED COMMUNITIES WORLDWIDE THROUGH ECONOMIC INITIATIVES, CRISIS RELIEF EFFORTS, EDUCATIONAL INITIATIVES, TRAINING/OUTREACH AND REFERRAL SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED TECHNICAL ASSISTANCE TO CHARITABLE NON PROFIT ORGANIZATIONS IN THE AREAS OF ORGANIZATIONAL DEVELOPMENT, ASSESSMENT AND STRATEGIC PLANNING,FINANCIAL MANAGEMENT AND ACCOUNTABILITY, MARKETING AND TECHNOLOGY. HUNDREDS OF ORGANIZATIONS BENEFITED. ADDITIONALLY, PROVIDED FUNDING TO INDIVIDUALS AND HUMANITARIAN NEEDS TO FOREIGN COUNTRIES; FOOD, SHELTER AND SELF-HELP PROGRAMS TO DEVELOPING COUNTRIES. PROVIDED TECHNICAL ASSISTGANCE, DEVELOPMENT PLANNING AND FUNDING TO PROJECTS BENEFITING THOUSANDS OF INDIVIDUALS. FURTHER, SERVED THE NEEDS OF DEVELOPING COUNTIRES WITH HUMANITARIAN ASSISTANCE AND COMMUNITY PROGRAM INITIATIVES.
    Expenses $24,973

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-2018919
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Group exemption
Exempt since
1997
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Group exemption
5306 (8 member organizations)
Assets (IRS master file)
$108,775
Income (IRS master file)
$49,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023–––IRS
990December 2022$72,000$77,102$106,535IRS
990December 2021$93,876$68,352$111,637IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about INSTITUTE FOR BLACK CHARITIES

What is the EIN of INSTITUTE FOR BLACK CHARITIES?
The employer identification number (EIN) of INSTITUTE FOR BLACK CHARITIES is 52-2018919.
Is INSTITUTE FOR BLACK CHARITIES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to INSTITUTE FOR BLACK CHARITIES tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does INSTITUTE FOR BLACK CHARITIES file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of INSTITUTE FOR BLACK CHARITIES due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTE FOR BLACK CHARITIES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INSTITUTE FOR BLACK CHARITIES?
The 990 for the year ended December 31, 2024 names TIMOTHY BRACEY.
Who are the officers and directors of INSTITUTE FOR BLACK CHARITIES?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does INSTITUTE FOR BLACK CHARITIES have?
On its 990 for the year ended December 31, 2024 it reported revenue of $49,000, expenses of $27,990 and total assets of $108,775 at year end.

Organizations in its group exemption (8)

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