Young Black Leadership Alliance
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Charlotte, NC
- Founding
- 02/2009
- Data as of
- 06/2022
- EIN
- 26-2984776
Organization Overview
Young Black Leadership Alliance is located in Charlotte, NC. The organization was established in 2009. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Young Black Leadership Alliance employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Black Leadership Alliance 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 06/2022, Young Black Leadership Alliance generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 42.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
YOUNG BLACK LEADERSHIP ALLIANCE'S MISSION IS TO DEVELOP THE NEXT GENERATION OF LEADERS THAT WILL HAVE A POSITIVE IMPACT ON THE WORLD NOW AND IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMBASSADOR PROGRAM :THE AMBASSADOR PROGRAM IS YBLA'S LEADERSHIP DEVELOPMENT, EDUCATION, AND COMMUNITY SERVICE PROGRAM. WE HAVE ABOUT 200 STUDENTS FROM HIGH SCHOOL, COLLEGE AND YOUNG PROFESSIONALS IN THIS PROGRAM.
YLEADER PROGRAM : THE YLEADER PROGRAM IS A 100% VIRTUAL PROGRAM FOCUSED ON COLLEGE AND CAREER PREP. THE PROGRAM HAS 125-180 STUDENTS THROUGHOUT THE YEAR.
THE BLACK TALENT PIPELINE PROGRAM PROVIDES PROFESSIONAL DEVELOPMENT, NETWORKING, OPPORTUNITIES TO INCREASE SOCIAL CAPITAL AND SERVE ABROAD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Martin Co-Founder/ceo | OfficerTrustee | 60 | $155,000 |
Trey Ackerman Chair | OfficerTrustee | 0 | $0 |
Chris Minnich Director | Trustee | 0 | $0 |
Wyatt Smith Treasurer | OfficerTrustee | 0 | $0 |
Katric Boland Director | Trustee | 0 | $0 |
Ann Clark Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,812 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,095,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,254,021 |
| Total Program Service Revenue | $417,623 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,671,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $66,446 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,000 |
| Compensation of current officers, directors, key employees. | $21,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $538,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,905 |
| Advertising and promotion | $298 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194 |
| Insurance | $0 |
| All other expenses | $17,894 |
| Total functional expenses | $1,252,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,137,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $319,920 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,260 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,805 |
| Other assets | $0 |
| Total assets | $1,523,956 |
| Accounts payable and accrued expenses | $74,646 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,646 |
| Net assets without donor restrictions | $1,012,086 |
| Net assets with donor restrictions | $437,224 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,523,956 |