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Nonprofit · EIN 87-1578309

BLACK GRAVITY INC

Tax-exempt · WASHINGTON, DC 20002

Financials

$501K$1.2M2023$1.9M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of BLACK GRAVITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$1,855,421$1,674,103$181,318$954,208$344,252$609,956
December 31, 2023990 (amended)$500,537$1,229,613-$729,076$642,309$213,671$428,638
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,824,982
Program service revenue
$0
Investment income
$0
Other revenue
$30,439

Expenses

Grants and similar amounts paid
$215,000
Compensation of officers, directors and key employees
$551,150
Other salaries and wages
$55,000
Salaries, compensation and benefits (total)
$649,399
Professional fundraising fees
$45,002
Travel
$113,772
Program services (functional)
$1,344,868
Management and general (functional)
$265,776
Fundraising (functional)
$63,459

Balance sheet and other

Total assets, start of year
$642,309
Total assets, end of year
$954,208
Total liabilities, end of year
$344,252
Net assets, end of year
$609,956
Net assets without donor restrictions
$219,869
Net assets with donor restrictions
$390,087
Gross receipts
$1,855,421
Employees
1
Year formed
2021
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.

NameTitleHours / weekCompensation
CHIPO SACHIRARWEBOARD MEMBER
Institutional trustee, Officer
50$284,150
JANAY NAZAIREBOARD MEMBER
Officer
50$267,000
JIM CASSELBERRYBOARD MEMBER
Officer
2$0
USHIR SHAHBOARD MEMBER
Officer
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
JANAY NAZAIREBOARD MEMBER
Officer
50$0
USHIR SHAHBOARD MEMBER
Officer
2$0
CHIPO SACHIRARWEBOARD MEMBER
Officer
50$0
JIM CASSELBERRYBOARD MEMBER
Officer
2$0

Address and contacts

Address (IRS master file)
1255 UNION ST NE 7TH FLOOR, WASHINGTON, DC 20002-7042
In care of
% CHIPO SACHIRAWE
Signed the 990
CHIPO SACHIRAWE, OFFICER
Return prepared by
ROBINSON & COMPANY

Mission

BLK GRVTY IS AN ECONOMIC DESIGN FIRM. WE BUILD THE INFRASTRUCTURE THAT CONNECTS CAPITAL TO OWNERSHIP AND HEALTH,WHICH ARE THE STRUCTURAL DRIVERS OF A MORE INTELLIGENT, DURABLE ECONOMY FOREVERYONE.

990 for the year ended December 31, 2024

Program accomplishments

  • INDUSTRY LEADERSHIP AND KNOWLEDGE TRANSFER OUR CONVENING ACTIVITIES HAVE ESTABLISHED US AS A CENTRAL HUB FOR INDUSTRY KNOWLEDGE EXCHANGE, FACILITATING PARTNERSHIPS, SHARING BEST PRACTICES, AND CREATING COLLABORATIVE OPPORTUNITIES THAT BENEFIT THE ENTIRE COMMUNITY BUSINESS DEVELOPMENT ECOSYSTEM. THESE INITIATIVES HAVE GENERATED MEASURABLE NETWORKING VALUE AND KNOWLEDGE TRANSFER RESULTING IN NEW BUSINESS FORMATION. WOMENS HEALTH ECONOMIC IMPACT INITIATIVE WE LAUNCHED A STRATEGIC INVESTMENT PROGRAM TARGETING BUSINESSES THAT IMPROVE WOMENS HEALTH OUTCOMES, RECOGNIZING THE DIRECT CORRELATION BETWEEN WOMENS WELLNESS AND ECONOMIC PRODUCTIVITY. RESEARCH DEMONSTRATES THAT HEALTHIER WOMEN GENERATE HIGHER WORKFORCE PARTICIPATION RATES, INCREASED ENTREPREN HOME EQUITY ENTREPRENEURSHIP INITIATIVE WE DEVELOPED A COMPREHENSIVE HOMEOWNERSHIP PRESERVATION AND ACTIVATION STRATEGY THAT IS DESIGNED TO TRANSFORM RESIDENTIAL REAL ESTATE EQUITY INTO ENTREPRENEURIAL CAPITAL. OUR PROGRAM INCLUDES AN INNOVATIVE MULTISENSORY EDUCATIONAL EXHIBIT THAT TRACES THE HISTORICAL EVOLUTION OF AMERICAN HOMEOWNERSHIP, CONTEXTUALIZING CURRENT CHALLENGES WHILE DEMONSTRATING PATHWAYS FOR LEVERAGING HOME EQUITY AS BUSINESS STARTUP CAPITAL. THIS APPROACH IS DESIGNED TO ADDRESS BOTH HOUSING STABILITY STRATEGIC CAPITAL PARTNERSHIP PROGRAM THROUGH TARGETED PARTNERSHIPS WITH FUND MANAGERS, WE FACILITATE GROWTH CAPITAL ACCESS FOR SMALL AND MIDSIZE BUSINESSES WITH DEMONSTRATED SCALING POTENTIAL. OUR CURATED APPROACH CONNECTS VETTED FUNDS WITH APPROPRIATE FUNDING GRANT CAPITAL, RESULTING IN MORE SUSTAINABLE FUNDS WHICH INVEST IN BUSINESSES THAT CREATE MEASURABLE JOB CREATION, REVENUE ACCELERATION, AND MARKET EXPANSION ACROSS DIVERSE INDUSTRY SECTORS.
    Expenses $1,344,868 · grants $215,000

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 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
87-1578309
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$954,208
Income (IRS master file)
$1,855,421

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,855,421$1,674,103$954,208XML
990December 2023$500,537$1,229,613$642,309XML
990December 2022–––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 87-1578309).

Questions about BLACK GRAVITY INC

What is the EIN of BLACK GRAVITY INC?
The employer identification number (EIN) of BLACK GRAVITY INC is 87-1578309.
Is BLACK GRAVITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to BLACK GRAVITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BLACK GRAVITY 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 GRAVITY 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 GRAVITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of BLACK GRAVITY INC?
The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $284,150 (CHIPO SACHIRARWE, BOARD MEMBER).
How much revenue does BLACK GRAVITY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,855,421, expenses of $1,674,103 and total assets of $954,208 at year end.

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