The Virginia Peninsula Chapter Of 100 Black Men Of America Inc
- Assets
- $281.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 24-1621828
Organization Overview
The Virginia Peninsula Chapter Of 100 Black Men Of America Inc is located in Newport News, VA. The organization was established in 1996. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Peninsula Chapter Of 100 Black Men Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Virginia Peninsula Chapter Of 100 Black Men Of America Inc generated $120.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $83.9k during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE 100 BLACK MEN OF AMERICA, INC. IS TO IMPROVE THE QUALITY OF LIFE WITHIN OUR COMMUNITIES AND ENHANCE EDUCATION AND ECONOMIC OPPORTUNITIES FOR ALL AFRICAN AMERICANS
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS - A MAJOR ACCOMPLISHMENT OF OUR CHAPTER HAS BEEN THE ANNUAL AWARDING OF SCHOLARSHIPS TO NEEDY AND DESERVING STUDENTS IN OUR COMMUNITY. THIS YEAR WE WILL PROVIDE SCHOLARSHIPS TO AT LEAST 17 HIGH SCHOOL GRADUATING SENIORS WHO WILL MATRICULATE TO VARIOUS COLLEGES AND UNIVERSITIES.
MENTORING THE 100 WAY IS OUR SATURDAY MORNING MENTORING PROGRAM WHICH INVOLVES MORE THAN 60 YOUTH IN MENTORING ACTIVITIES WHICH FOCUS ON ACADEMICS AND CAREER AND PERSONAL GOAL DEVELOPMENT. BOTH BOYS AND GIRLS PARTICIPATE IN THE MENTORING ACTIVITIES, AND THEIR AGES RANGE FROM 8-18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darryl L Powell Vice President | 2 | $0 | |
Norman Vick Chaplain | 2 | $0 | |
Mark Hudson Vice President - Mentoring | 2 | $0 | |
Alonzo R Bell Jr President | 2 | $0 | |
Darryl Spencer Vice President - Membership | 2 | $0 | |
Wayne Ellison Financial Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,374 |
| Total Program Service Revenue | $0 |
| Membership dues | $31,162 |
| Investment income | $19,314 |
| Gain or Loss | $2,341 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,191 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $81,385 |
| Total expenses | $83,885 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,410 |
| Other assets | $0 |
| Total assets | $281,027 |
| Total liabilities | $0 |
| Net assets or fund balances | $281,027 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Virginia Peninsula Chapter Of 100 Black Men Of America Inc has recieved totaling $25,011.
| Awarding Organization | Amount |
|---|---|
Riverside Healthcare Association Inc Newport News, VA PURPOSE: 2021 Donation | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
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