Nonprofit · EIN 83-3790370
BLACK ECONOMIC ALLIANCE FOUNDATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $22,891,381 | $8,814,333 | $14,077,048 | $28,908,498 | $2,727,171 | $26,181,327 |
| December 31, 2023 | 990 (amended) | $7,972,048 | $12,438,564 | -$4,466,516 | $15,708,685 | $3,604,406 | $12,104,279 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,265,062
- Program service revenue
- $0
- Investment income
- $297,446
- Net income from fundraising events
- -$219,217
- Other revenue
- $328,873
Expenses
- Grants and similar amounts paid
- $2,347,267
- Compensation of officers, directors and key employees
- $456,996
- Other salaries and wages
- $1,288,175
- Salaries, compensation and benefits (total)
- $1,995,710
- Professional fundraising fees
- $0
- Legal fees
- $89,974
- Accounting fees
- $237,478
- Travel
- $191,897
- Program services (functional)
- $7,483,401
- Management and general (functional)
- $933,994
- Fundraising (functional)
- $396,938
Balance sheet and other
- Total assets, start of year
- $15,708,685
- Total assets, end of year
- $28,908,498
- Total liabilities, end of year
- $2,727,171
- Net assets, end of year
- $26,181,327
- Net assets without donor restrictions
- $7,687,251
- Net assets with donor restrictions
- $18,494,076
- Gross receipts
- $23,110,598
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2019
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SAMANTHA TWEEDY | CHIEF EXECUTIVE DIRECTOR Officer | 34 | $0 | $451,423 | $33,176 |
| ALAINA BEVERLY | EXECUTIVE VICE PRESIDENT Key employee | 40 | $0 | $241,447 | $30,557 |
| N ANTHONY COLES JR | DIRECTOR, PRESIDENT Trustee or director, Officer | 6 | $0 | $0 | $0 |
| VICKI PALMER | DIRECTOR,TREASURER Trustee or director, Officer | 4.9 | $0 | $0 | $0 |
| CHARLES PHILLIPS | DIRECTOR, SECRETARY Trustee or director, Officer | 6 | $0 | $0 | $0 |
| TIA BREAKLEY | DIRECTOR, ASST TREASURER Trustee or director, Officer | 2.4 | $0 | $0 | $0 |
| KNEELAND YOUNGBLOOD | DIRECTOR Trustee or director | 1.2 | $0 | $0 | $0 |
| ROBYN COLES | DIRECTOR Trustee or director | 6 | $0 | $0 | $0 |
| DEVAL PATRICK | DIRECTOR Trustee or director | 1.2 | $0 | $0 | $0 |
| BRODERICK JOHNSON | DIRECTOR Trustee or director | 1.2 | $0 | $0 | $0 |
| MATTIE MCFADDEN-LAWSON | DIRECTOR Trustee or director | 0.7 | $0 | $0 | $0 |
| RICHELIEU DENNIS | DIRECTOR Trustee or director | 0.7 | $0 | $0 | $0 |
| BENEREE WILEY | DIRECTOR Trustee or director | 0.7 | $0 | $0 | $0 |
| ROSALIND BREWER | DIRECTOR Trustee or director | 0.7 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| SAMANTHA TWEEDY | CHIEF EXECUTIVE OFFICER Officer | 32 | $250,496 | $62,897 |
| N ANTHONY COLES JR | DIRECTOR, PRESIDENT Trustee or director, Officer | 6 | $0 | $0 |
| VICKI PALMER | DIRECTOR,TREASURER Trustee or director, Officer | 4.9 | $0 | $0 |
| CHARLES PHILLIPS | DIRECTOR, SECRETARY Trustee or director, Officer | 6 | $0 | $0 |
| TIA BREAKLEY | DIRECTOR, ASST TREASURER Trustee or director, Officer | 2.4 | $0 | $0 |
| KNEELAND YOUNGBLOOD | DIRECTOR Trustee or director | 1.2 | $0 | $0 |
| ROBYN COLES | DIRECTOR Trustee or director | 6 | $0 | $0 |
| DEVAL PATRICK | DIRECTOR Trustee or director | 1.2 | $0 | $0 |
| BRODERICK JOHNSON | DIRECTOR Trustee or director | 1.2 | $0 | $0 |
| MATTIE MCFADDEN-LAWSON | DIRECTOR Trustee or director | 0.7 | $0 | $0 |
| RICHELIEU DENNIS | DIRECTOR Trustee or director | 0.7 | $0 | $0 |
| BENARIE WILEY | DIRECTOR Trustee or director | 0.7 | $0 | $0 |
| ROSALIND BREWER | DIRECTOR Trustee or director | 0.7 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1032 15TH STREET NW 247, WASHINGTON, DC 20005-1502
- Principal officer (990 for 2024)
- SAMANTHA TWEEDY, 1032 15TH STREET NW 247, WASHINGTON, DC 20005
- Signed the 990
- SAMANTHA TWEEDY, CHIEF EXECUTIVE OFFICER
- Phone
- (202) 788-6888
- Return prepared by
- SB & COMPANY LLC
Mission
THE ORGANIZATION FOCUSES ON ADVANCING ECONOMIC PROGRESS IN BLACK COMMUNITIES BY SUPPORTING RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY.
Program accomplishments
- FOUNDATION WORKED TO SUPPORT RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY.Expenses $4,511,688 · grants $677,267
- CENTER FOR BLACK ENTREPRENEURSHIP - THE BLACK ECONOMIC ALLIANCE FOUNDATION, SPELMAN COLLEGE, AND MOREHOUSE COLLEGE HAVE PARTNERED TO DEVELOP THE CENTER FOR BLACK ENTREPRENEURSHIP (CBE), THE FIRST-EVER ACADEMIC CENTER OF ITS KIND TO PRODUCE, TRAIN, AND SUPPORT A NEW CLASSOF BLACK ENTREPRENEURIAL TALENT.THE CBE SEEKS TO ELIMINATE THE ACCESS BARRIER BETWEEN BLACK ENTREPRENEURS, PROFESSIONAL INVESTORS, AND BUSINESS BUILDERS BY LEVERAGING EDUCATION, MENTORSHIP, ACCESS TO CAPITAL, AND OPPORTUNITY.Expenses $2,971,713 · grants $1,670,000
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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-3790370
- 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)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $28,908,498
- Income (IRS master file)
- $23,110,598
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $22,891,381 | $8,814,333 | $28,908,498 | XML |
| 990 | December 2023 | $7,972,048 | $12,438,564 | $15,708,685 | XML |
| 990 | December 2022 | $16,214,838 | $7,586,742 | $12,308,358 | IRS |
| 990 | December 2021 | $5,116,564 | $4,212,258 | $4,033,079 | IRS |
| 990 | December 2020 | – | – | – | IRS |
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 83-3790370).
Questions about BLACK ECONOMIC ALLIANCE FOUNDATION
- What is the EIN of BLACK ECONOMIC ALLIANCE FOUNDATION?
- The employer identification number (EIN) of BLACK ECONOMIC ALLIANCE FOUNDATION is 83-3790370.
- Is BLACK ECONOMIC ALLIANCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to BLACK ECONOMIC ALLIANCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK ECONOMIC ALLIANCE FOUNDATION 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 ECONOMIC ALLIANCE FOUNDATION 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 ECONOMIC ALLIANCE FOUNDATION 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 BLACK ECONOMIC ALLIANCE FOUNDATION?
- The 990 for the year ended December 31, 2024 names SAMANTHA TWEEDY.
- Who are the officers and directors of BLACK ECONOMIC ALLIANCE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does BLACK ECONOMIC ALLIANCE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $22,891,381, expenses of $8,814,333 and total assets of $28,908,498 at year end.
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