Sylvester Broome Empowerment Village
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Flint, MI
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-5271086
Organization Overview
Sylvester Broome Empowerment Village is located in Flint, MI. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Sylvester Broome Empowerment Village employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sylvester Broome Empowerment Village 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 12/2022, Sylvester Broome Empowerment Village generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.0% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 51.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND MANAGE EDUCATIONAL, FINANCIAL, AGRICULTURAL, HEALTH RELATED AND RECREATIONAL PROGRAMS FOR THE RESIDENTS OF FLINT & SURROUNDING AREAS AND FOSTERING THE SYSTEMATIC REFORM IN WORKFORCE DEVELOPMENT THAT ENSURES CONTINUOUS GROWTH FOR EMPLOYERS & RESIDENTS OF FLINT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AND MANAGE EDUCATIONAL, FINANCIAL, AGRICULTURAL, HEALTH RELATED AND RECREATIONAL PROGRAMS FOR THE RESIDENTS OF FLINT & SURROUNDING AREAS AND FOSTERING THE SYSTEMATIC REFORM IN WORKFORCE DEVELOPMENT THAT ENSURES CONTINUOUS GROWTH FOR EMPLOYERS & RESIDENTS OF FLINT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jawad Shah Chairman | OfficerTrustee | 1 | $0 |
Atiq Nakrawala Treasurer | OfficerTrustee | 1 | $0 |
Nadir Ijaz Secretary | OfficerTrustee | 1 | $0 |
Eric Leverette-Goodwin Board Member | Trustee | 1 | $0 |
Maryum Rasool Executive Di | Officer | 40 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $820,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $970,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,791,885 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,664 |
| 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 | $1,864,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,000 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $456,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,386 |
| Payroll taxes | $40,407 |
| Fees for services: Management | $886,221 |
| 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 | $0 |
| Advertising and promotion | $145 |
| Office expenses | $118,562 |
| Information technology | $12,701 |
| Royalties | $0 |
| Occupancy | $173,961 |
| Travel | $77,257 |
| 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 | $38,941 |
| Insurance | $9,770 |
| All other expenses | $1,063 |
| Total functional expenses | $2,100,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $249,405 |
| Accounts receivable, net | $596,035 |
| 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 | $562 |
| Net Land, buildings, and equipment | $784,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,332 |
| Other assets | $1,200,058 |
| Total assets | $2,903,360 |
| Accounts payable and accrued expenses | $395,561 |
| 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 | $446,309 |
| Total liabilities | $841,870 |
| Net assets without donor restrictions | $489,817 |
| Net assets with donor restrictions | $1,571,673 |
| 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 | $2,903,360 |