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Nonprofit · EIN 85-1100834

HIP HOP CAUCUS ACTION FUND

Tax-exempt · WASHINGTON, DC 20045

Financials

$0$264K2023$2.5M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of HIP HOP CAUCUS ACTION FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,500,000$1,760,260$739,740$734,233$79,151$655,082
December 31, 2023990$0$263,640-$263,640$17,299$101,957-$84,658
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,500,000
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,027,637
Salaries, compensation and benefits (total)
$1,124,488
Professional fundraising fees
$0
Legal fees
$30,227
Accounting fees
$49,127
Occupancy
$39,304
Travel
$100,465
Depreciation
$1,192
Program services (functional)
$1,360,121
Management and general (functional)
$400,139

Balance sheet and other

Total assets, start of year
$17,299
Total assets, end of year
$734,233
Total liabilities, end of year
$79,151
Net assets, end of year
$655,082
Net assets without donor restrictions
-$68,852
Net assets with donor restrictions
$723,934
Gross receipts
$2,500,000
Employees
0
Volunteers
2
Year formed
2020
State of legal domicile
DE

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 / weekCompensationFrom related orgsOther / benefits
REV LENNOX YEARWOOD JRPRESIDENT & CEO
Trustee or director, Officer
5$0$269,316$5,684
ELIZABETH HAVSTADEXECUTIVE DIRECTOR
Officer
5$0$217,345$6,953
JAMES L GIBSONDIRECTOR OF DEVELOPMENT
Highest-paid employee
2$0$121,696$3,304
LITA T ROSARIODIRECTOR
Trustee or director
0.5$0$0$0
DR ROGER MITCHELLDIRECTOR
Trustee or director
0.5$0$0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
REV LENNOX YEARWOOD JRPRESIDENT & CEO
Trustee or director, Officer
5$0$260,621$4,810
ELIZABETH HAVSTADEXECUTIVE DIRECTOR
Officer
5$0$223,034$355
JAMES L GIBSONDIRECTOR OF DEVELOPMENT
Highest-paid employee
2$0$122,204$0
LITA T ROSARIODIRECTOR
Trustee or director
0.5$0$48,000$0
DR ROGER MITCHELLDIRECTOR
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
529 14TH ST NW STE 952, WASHINGTON, DC 20045-1901
Principal officer (990 for 2024)
REV LENNOX YEARWOOD JR, 529 14TH ST NW 952, WASHINGTON, DC 20045
Signed the 990
ELIZABETH HAVSTAD, MANAGING DIRECTOR & COO
Phone
(310) 800-6519
Return prepared by
RSM US LLP

Mission

TO EMPOWER COMMUNITIES FIRST AND WORST IMPACTED BY RACIAL, SOCIAL, ECONOMIC, AND ENVIRONMENTAL INJUSTICE BY BUILDING POLITICAL POWER THROUGH ACTIVISM AND ORGANIZING.

990 for the year ended December 31, 2024

Program accomplishments

  • DEMOCRACY/CIVIC ENGAGEMENT: HIP HOP CAUCUS ACTION FUND ENGAGES YOUNG PEOPLE BETWEEN THE AGES OF 18 AND 40 YEARS-OLD TO BECOME INVOLVED IN THE CIVIC PROCESS AND INCREASE CITIZEN PARTICIPATION IN ADVOCACY AND ELECTIONS.
    Expenses $1,360,121

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 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
85-1100834
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$734,233
Income (IRS master file)
$2,500,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,500,000$1,760,260$734,233XML
990December 2023$0$263,640$17,299XML
990December 2022$0$179,265$269,337IRS
990December 2021–––IRS
990-EZDecember 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 85-1100834).

Questions about HIP HOP CAUCUS ACTION FUND

What is the EIN of HIP HOP CAUCUS ACTION FUND?
The employer identification number (EIN) of HIP HOP CAUCUS ACTION FUND is 85-1100834.
Is HIP HOP CAUCUS ACTION FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2021.
Are donations to HIP HOP CAUCUS ACTION FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HIP HOP CAUCUS ACTION FUND 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 HIP HOP CAUCUS ACTION FUND 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 HIP HOP CAUCUS ACTION FUND 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 HIP HOP CAUCUS ACTION FUND?
The 990 for the year ended December 31, 2024 names REV LENNOX YEARWOOD JR.
Who are the officers and directors of HIP HOP CAUCUS ACTION FUND?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does HIP HOP CAUCUS ACTION FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,500,000, expenses of $1,760,260 and total assets of $734,233 at year end.

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