Nonprofit · EIN 85-2809001
BLACK WEALTH SUMMIT INC
Tax-exempt · LANHAM, MD 20706
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $356,609 | $294,403 | $62,206 | $154,247 | $296,338 | -$142,091 |
| December 31, 2024 | 990 | $221,775 | $242,839 | -$21,064 | $123,893 | $328,189 | -$204,296 |
| December 31, 2023 | 990 | $478,861 | $631,427 | -$152,566 | $18,953 | $180,000 | -$161,047 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $356,609
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $600
- Travel
- $3,506
- Program services (functional)
- $260,688
- Management and general (functional)
- $18,715
- Fundraising (functional)
- $15,000
Balance sheet and other
- Total assets, start of year
- $123,893
- Total assets, end of year
- $154,247
- Total liabilities, end of year
- $296,338
- Net assets, end of year
- -$142,091
- Gross receipts
- $356,609
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2020
- State of legal domicile
- MD
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cedric Nash | President Trustee or director, Officer | 0 | $0 |
| Michael Robinson | Vice-President Trustee or director, Officer | 0 | $0 |
| Renea J Pierre | Secretary Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cedric Nash | President Trustee or director, Officer | 0 | $0 |
| Michael Robinson | Vice-President Trustee or director, Officer | 0 | $0 |
| Renea J Pierre | Secretary Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Renea J Pierre | Secretary Trustee or director, Officer | 0 | $0 |
| Michael Robinson | Vice-President Trustee or director, Officer | 0 | $0 |
| Cedric Nash | President Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 9501 SHERIDAN ST STE 200, LANHAM, MD 20706-2630
- In care of
- % CEDRIC NASH
- Principal officer (990 for 2025)
- Cedric Nash Director, 9501 Sheridan Street Ste 200, Lanham, MD 20706
- Signed the 990
- CEDRIC NASH DIRECTOR, President
- Phone
- (301) 577-4111
- Return prepared by
- Philos Tax and Accounting Services
Mission
To create an inclusive wealth and financial educational experience, uniquely designed to bring together champions and channels that will foster prosperity for Black lives.
Program accomplishments
- To provide education to the African-American community on investing, financial management, etc. Through the use of external financial management firms who assist in conducting an education conference once a year. This conference is conduct both virtually and physically each year with the intention of providing access to mentorships opportunities and financial life skills to attendees.Expenses $260,688
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 | 990 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
- 85-2809001
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $154,247
- Income (IRS master file)
- $356,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $356,609 | $294,403 | $154,247 | XML |
| 990 | December 2024 | $221,775 | $242,839 | $123,893 | XML |
| 990 | December 2023 | $478,861 | $631,427 | $18,953 | XML |
| 990 | December 2022 | $802,454 | $979,749 | $114,520 | IRS |
| 990 | December 2021 | – | – | – | 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 85-2809001).
Questions about BLACK WEALTH SUMMIT INC
- What is the EIN of BLACK WEALTH SUMMIT INC?
- The employer identification number (EIN) of BLACK WEALTH SUMMIT INC is 85-2809001.
- Is BLACK WEALTH SUMMIT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to BLACK WEALTH SUMMIT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK WEALTH SUMMIT 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 WEALTH SUMMIT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLACK WEALTH SUMMIT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BLACK WEALTH SUMMIT INC?
- The 990 for the year ended December 31, 2025 names Cedric Nash Director.
- Who are the officers and directors of BLACK WEALTH SUMMIT INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BLACK WEALTH SUMMIT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $356,609, expenses of $294,403 and total assets of $154,247 at year end.
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