The Coalition Of Black Trade
- Assets
- $68.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 52-2274037
Organization Overview
The Coalition Of Black Trade is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coalition Of Black Trade 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, Coalition Of Black Trade generated $170.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $187.5k during the year ending 12/2022. While expenses have increased by 13.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL COALITION OF BLACK TRADE UNIONISTS EDUCATION CENTER (THE EDUCATION CENTER) WAS ESTABLISHED IN 1972. THE FUND WAS CREATED TO PROVIDE COMMUNITY EDUCATION SUPPORT AND HIGHER EDUCATION SCHOLARSHIPS FOR STUDENTS TO ATTEND COLLEGE. THE RECIPIENTS OF THE SCHOLARSHIP AWARDS ARE HIGH SCHOOL AND COLLEGE STUDENTS CHOSEN AT RANDOM FROM A POOL OF ELIGIBLE APPLICANTS WHO HAVE COMPLETED THE REQUIRED APPLICATION CRITERIA.
Describe the Organization's Program Activity:
Part 3
THE EDUCATION CENTER TYPICALLY RECEIVES GRANT ALLOTMENTS FROM THE INTERNATIONAL CHEMICAL WORKERS UNION COUNCIL (ICWU). GRANT FUNDS ARE FOR REIMBURSEMENTS OF EXPENSES PAID FOR THE ADMINISTRATION OF WASTE MANAGEMENT TRAINING, CONSULTING AND RELATED PROGRAM EXPENSES. THIS GRANT IS PART OF THE EDUCATION CENTERS AND THE COALITION OF BLACK TRADE UNIONISTS COMMUNITY ACTION AND RESPONSE AGAINST TOXICS PROGRAM.
THE EDUCATION CENTER RECEIVED A GRANT FROM ONE WORLD FUND DURING 2019 TO FUND AND ESTABLISH A GLOBAL AFRICAN WORKERS INSTITUTE (GAWI) ONLINE PUBLICATION. ADDITIONALLY THE EDUCATION CENTER PROVIDES SCHOLARSHIPS AND SUPPORTS IN COMMUNITY EDUCATION EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Terrence Melvin President | 1 | $0 | |
Clayola Brown Board Member | 1 | $0 | |
Lew Moye Board Member | 1 | $0 | |
Claude Cummingsjr Trustee & Director | 1 | $0 | |
Elizabeth Powell Trustee & Director | 1 | $0 | |
Yolanda Mcclean Trustee & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,950 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $30,596 |
| Other Revenue | $9,186 |
| Total Revenue | $170,732 |
| 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 | $58,465 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,000 |
| Other expenses | $88,011 |
| Total expenses | $187,476 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,043 |
| Other assets | $0 |
| Total assets | $68,130 |
| Total liabilities | $0 |
| Net assets or fund balances | $68,130 |