Nonprofit · EIN 84-1888697
THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION
Tax-exempt · KANSAS CITY, KS 66101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $350,817 | $333,571 | $17,246 | $1,237,292 | $0 | $1,237,292 |
| December 31, 2023 | 990 | $1,119,126 | $11,158 | $1,107,968 | $1,078,371 | $482,000 | $596,371 |
| December 31, 2022 | 990-EZ | $100,000 | – | – | $100,000 | $0 | $100,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $187,676
- of which government grants
- $100,000
- Membership dues
- $4,176
- Program service revenue
- $68,223
- Investment income
- $0
- Net rental income
- $94,918
- Other revenue
- $94,918
Expenses
- Grants and similar amounts paid
- $11,000
- Other salaries and wages
- $89,600
- Salaries, compensation and benefits (total)
- $95,632
- Professional fundraising fees
- $0
- Legal fees
- $4,500
- Accounting fees
- $600
- Occupancy
- $154,595
- Program services (functional)
- $89,724
- Management and general (functional)
- $243,847
Balance sheet and other
- Total assets, start of year
- $1,078,371
- Total assets, end of year
- $1,237,292
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,237,292
- Land, buildings and equipment
- $1,236,095
- Gross receipts
- $350,817
- Employees
- 2
- Year formed
- 2015
- State of legal domicile
- KS
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 |
|---|---|---|---|
| Dr Donnetta Watson | President Trustee or director, Officer | 40 | $0 |
| Norbert Donnell | Vice President Officer | – | $0 |
| Dr Francis Collier | Secretary Officer | – | $0 |
| Edward Jackson | Advisor Officer | – | $0 |
| Gwen Thomas | Advisor Officer | – | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marc Jackson | Executive Director Former | – | $10,100 |
| Dr Donnetta Watso | President Officer | 40 | $0 |
| Norbert Donnell | Vice President Officer | – | $0 |
| Dr Francis Collier | Secretary Officer | – | $0 |
| Edward Jackson | Advisor Officer | – | $0 |
| Craig Donnell | Advisor Officer | – | $0 |
| Murray Anderson | Advisor Officer | – | $0 |
990-EZ for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONETTA WATSON | FOUNDERPRESIDENT | 40 | $0 |
| NORBERT DONNELL | VICE PRESIDENT | 2 | $0 |
| FRANCES COLLIER | SECRETARY | 2 | $0 |
| EDWARD N JACKSON | FINANCIAL ADVISOR | 2 | $0 |
| CRAIG DONNELL | PROJECT ADVISOR | 2 | $0 |
| MURRAY ANDERSON | FUND DEVELOPMENT | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1121 N 5TH ST, KANSAS CITY, KS 66101-2305
- In care of
- % DONNETTA L WATSON
- Mailing address (990-N for 2022)
- 1121 N 5th Street, Kansas City KS 66101
- Principal officer (990 for 2024)
- Dr Donnetta Watson, 9020 Barnette Ave, Kansas City, KS 66112
- Principal officer (990-N for 2022)
- Donnetta Watson, 9020 Barnett Ave, Kanas City KS 66112
- Signed the 990
- Dr Donnetta Watson, Board Chairperson
- Phone
- (913) 371-0302
- Website
- theblackmastermindgroup.com
- Return prepared by
- Gold Leaf Tax Service LLC
Mission
Through our Master Mind concept we work to develop a holistic approach to addressing the needs of the Black Entrepreneurial Community (BEC)
Program accomplishments
- Lease hold improvement to complete construction of Legacy Meeting and Training Center along with parking lot improvement and upkeepExpenses $166,095
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
- 84-1888697
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B01)
- Assets (IRS master file)
- $1,237,292
- Income (IRS master file)
- $350,817
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $350,817 | $333,571 | $1,237,292 | XML |
| 990 | December 2023 | $1,119,126 | $11,158 | $1,078,371 | XML |
| 990-N for 2022 Officer: Donnetta Watson | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2022 | $100,000 | – | $100,000 | XML |
| 990-N for 2020 Officer: Donnetta L Watson | December 31, 2020 | ≤ $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 84-1888697).
Questions about THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION
- What is the EIN of THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION?
- The employer identification number (EIN) of THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION is 84-1888697.
- Is THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE BLACK MASTERMIND GROUP CHARITABLE 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 THE BLACK MASTERMIND GROUP CHARITABLE 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 THE BLACK MASTERMIND GROUP CHARITABLE 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 THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names Dr Donnetta Watson.
- Who are the officers and directors of THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does THE BLACK MASTERMIND GROUP CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $350,817, expenses of $333,571 and total assets of $1,237,292 at year end.
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