Nonprofit · EIN 82-0856886
BLACK ACHIEVEMENT FUND INC
Also known as BLACK ACHIEVEMENT FUND
Tax-exempt · ATLANTA, GA 30318
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $219,324 | $154,869 | $64,455 | $64,455 | $0 | $64,455 |
| December 31, 2022 | 990 | $214,083 | $182,340 | $31,743 | $28,393 | $0 | $28,393 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $219,324
- Membership dues
- $219,324
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $36,400
- Salaries, compensation and benefits (total)
- $39,412
- Professional fundraising fees
- $0
- Legal fees
- $600
- Accounting fees
- $700
- Occupancy
- $30,000
- Travel
- $4,621
- Program services (functional)
- $22,281
- Management and general (functional)
- $131,963
- Fundraising (functional)
- $625
Balance sheet and other
- Total assets, start of year
- $28,393
- Total assets, end of year
- $64,455
- Total liabilities, end of year
- $0
- Net assets, end of year
- $64,455
- Gross receipts
- $219,324
- Employees
- 4
- Volunteers
- 10
- Year formed
- 2017
- State of legal domicile
- GA
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TABITHA HALL | DIRECTOR Trustee or director | 10 | $0 |
| RAY HAGIN | DIRECTOR Trustee or director | 10 | $0 |
| KAREN FREEMAN | DIRECTOR Trustee or director | 10 | $0 |
| ARKEE HODGES | PRESIDENT Trustee or director, Officer | 50 | $0 |
| JESUS POWELL | BOARD CHAIR Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN FREEMAN | DIRECTOR Trustee or director | 10 | $0 |
| RAY HAGIN | DIRECTOR Trustee or director | 10 | $0 |
| TABITHA Hall | DIRECTOR Trustee or director | 10 | $0 |
| LISHA Gomes | OPERATIONS MANAGER Trustee or director | 10 | $0 |
| ARKEE HODGES | PRESIDENT Trustee or director, Officer | 50 | $0 |
| JESUS POWELL | BOARD CHAIR Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1700 NORTHSIDE DRIVE NORTHWEST, ATLANTA, GA 30318-2673
- In care of
- % ARKEE HODGES
- Mailing address (990-N for 2019)
- 2824 Parkway Close, Lithonia GA 30058
- Principal officer (990-N for 2019)
- Arkee Hodges, 2839 Church Street, Atlanta GA 30344
- Signed the 990
- ARKEE HODGES, PRESIDENT
- Website
- https://www.baf.solutions/
- Return prepared by
- RTW Xxact Enterprises LLC
Mission
The mission of the Black Achievement Fund is to recycle black wealth back into black communities, creating a sustainable independent source of capital to fund a national black economic system
Program accomplishments
- The BAFs programs and initiatives are designed to improve the quality of life of all its members. The BAF will do so by lowering members cost of living, providing greater access to quality health care, affordable housing, low-cost consumer goods and services, business loans, capital for community development, quality schools, rewarding jobs, healthy food and produce, and neighborhood revitalization.Expenses $22,281
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-0856886
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $64,455
- Income (IRS master file)
- $219,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $219,324 | $154,869 | $64,455 | XML |
| 990 | December 2022 | $214,083 | $182,340 | $28,393 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Arkee Hodges | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 82-0856886).
Questions about BLACK ACHIEVEMENT FUND INC
- What is the EIN of BLACK ACHIEVEMENT FUND INC?
- The employer identification number (EIN) of BLACK ACHIEVEMENT FUND INC is 82-0856886.
- Is BLACK ACHIEVEMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to BLACK ACHIEVEMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK ACHIEVEMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BLACK ACHIEVEMENT FUND INC 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 BLACK ACHIEVEMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of BLACK ACHIEVEMENT FUND INC?
- The 990-N for 2019 names Arkee Hodges.
- Who are the officers and directors of BLACK ACHIEVEMENT FUND INC?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does BLACK ACHIEVEMENT FUND INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $219,324, expenses of $154,869 and total assets of $64,455 at year end.
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