Black Economic Justice Institute In C
- Assets
- $157.4k
- Revenue
- $244.1k
- Investments
- $0.0
- Employees
- 21
- Location
- Dorchester, MA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 46-4951690
Organization Overview
Black Economic Justice Institute In C is located in Dorchester, MA. The organization was established in 2015. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2021, Black Economic Justice Institute In C employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Economic Justice Institute In C 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, Black Economic Justice Institute In C generated $244.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $269.0k during the year ending 12/2021. While expenses have increased by 31.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELP ECONOMICALLY AND SOCIALLY DISADVANTAGED OBTAIN JOBS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIEF FOR THOSE AFFECT BY COVID THROUGH FOOD AND GIFT CARDS.
SUMMER NIGHTS- YOUTH RECREATION AND ENTERTAINMENT PROGRAM
FOOD GIVEAWAY TO UNDERSERVED COMMUNITY
RELIEF FOR THOSE AFFECT BY COVID THROUGH FOOD AND GIFT CARDS.
SUMMER NIGHTS- YOUTH RECREATION AND ENTERTAINMENT PROGRAM
FOOD GIVEAWAY TO UNDERSERVED COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry D Banks Executive Director | 30 | $20,200 | |
Priscilla Flint-Banks Program Director | Officer | 40 | $16,750 |
Pamela E Love Hr And Event Director | Officer | 30 | $16,100 |
Darlene Penrose Clerk | OfficerTrustee | 20 | $5,575 |
Rachelle Brown-Mitchell Director | Trustee | 20 | $2,100 |
Cortina Vann Assistant Clerk | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,934 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,773 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,625 |
| Compensation of current officers, directors, key employees. | $13,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,097 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,903 |
| Fees for services: Management | $8,600 |
| Fees for services: Legal | $4,020 |
| Fees for services: Accounting | $5,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,219 |
| Office expenses | $6,966 |
| Information technology | $6,771 |
| Royalties | $1,200 |
| Occupancy | $1,200 |
| Travel | $116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,119 |
| All other expenses | $7,475 |
| Total functional expenses | $268,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,375 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $157,375 |
| 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 | $157,375 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Black Economic Justice Institute In C has recieved totaling $70,030.
| Awarding Organization | Amount |
|---|---|
Barr Foundation Boston, MA PURPOSE: SPECIAL INITIATIVES: TO PROVIDE GENERAL OPERATING SUPPORT | $50,000 |
Center For Economic Democracy Boston, MA PURPOSE: GRANT FOR SOLIDARITY ECONOMY INITITATIVE | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Dairy Assn & Dairy Council Of Ny Inc Empire Building North Syracuse, NY | $7,719,519 | $19,494,429 |
Connecticut Education Association Hartford, CT | $36,750,422 | $21,146,578 |
American Board Of Dermatology Inc Newton, MA | $22,591,734 | $8,634,242 |
Pioneer Institute Inc Boston, MA | $5,985,831 | $3,775,332 |
New York State Council Of School Superintendents Albany, NY | $5,077,642 | $3,046,665 |
Faithacts For Education Inc Fairfield, CT | $3,023,669 | $3,964,948 |
Associated Builders And Contractors Inc East Syracuse, NY | $1,910,207 | $2,380,603 |
Massachusetts Teachers Association Bridgewater, MA | $3,489,183 | $1,935,017 |
Reading League Syracuse, NY | $2,958,965 | $2,169,026 |
Bsa-Ila Retirement Account Plan Charlestown, MA | $2,044,138 | $1,513,604 |
New York State Restaurant Assn Inc Albany, NY | $6,584,499 | $1,643,871 |
Mass Restaurant Assn Inc Westborough, MA | $3,466,323 | $1,227,109 |