Black Belt Community Foundation Inc
- Assets
- $7.7m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 71
- Location
- Selma, AL
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 63-1270745
Organization Overview
Black Belt Community Foundation Inc is located in Selma, AL. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Black Belt Community Foundation Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Belt Community Foundation 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, Black Belt Community Foundation Inc generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 24.9% 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.
Since 2014, Black Belt Community Foundation Inc has awarded 149 individual grants totaling $4,259,187. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNITY DEVELOPMENT IN THE BLACK BELT REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: THE FOUNDATION OPERATES A HEAD START PROGRAM, A COMPREHENSIVE CHILD DEVELOPMENT PROGRAM FOR LOW-INCOME FAMILIES AND CHILDREN, AGES 3 TO 5, IN THE FOLLOWING COUNTIES OF THE BLACK BELT: DALLAS COUNTY, CHOCTAW COUNTY, MARENGO COUNTY AND WILCOX COUNTY. THE BBCF HEAD START PROGRAM ENSURES CHILDREN AND FAMILIES ARE PREPARED AND READY FOR KINDERGARTEN. HEAD START ENGAGES PARENTS AND FAMILY MEMBERS IN POSITIVE RELATIONSHIPS, WITH FOCUS ON FAMILY WELL-BEING TO PROMOTE CHILDREN'S GROWTH IN A POSITIVE LEARNING ENVIRONMENT THROUGH A VARIETY OF SERVICES WHICH INCLUDES EARLY LEARNING AND DEVELOPMENT; HEALTH AND NUTRITION; AND FAMILY WELL-BEING. ADDITIONALLY, THE FOUNDATION'S REACH IN COMMUNITY HAS MADE IT A LEADING PARTNER WITH INSTITUTIONS OF HIGHER EDUCATION. THESE PARTNERSHIPS ALLOW A CONTINUUM OF CARE FOR CHILDREN AGES 3 THRU THE 1ST YEAR OF COLLEGE.
GRANTMAKING - THE FOUNDATION'S 18-YEAR SPAN OF CHARITABLE GIVING, INCLUDING EMERGENCY RESPONSE FUNDING, HAS PROVIDED ESSENTIAL, VERY NECESSARY, AND OFTENTIMES CRITICAL OPERATIONAL AND SUPPORT IN OUR TWELVE COUNTY BLACK BELT REGION, IN ADDITION TO TWELVE STATES ACROSS THE DEEP SOUTH. THE FOUNDATION DISTRIBUTED 80,000 FOOD BOXES VALUED AT $3,253,600. THE FOUNDATION DISTRIBUTED 480 GRANT DISBURSEMENTS TOTALING $1,634,501.50 DURING THE YEAR IN THE FOLLOWING AREAS: 190 GRANTS TOTALING $104,521 SUPPORTING HUMANITARIAN NEEDS, 29 GRANTS TOTALING $182,555 SUPPORTING TECHNOLOGY IN EDUCATION, 195 GRANTS TOTALING $872,187 SUPPORTING BLACK GIRLS AND WOMEN IN THE SOUTH; 22 GRANTS TOTALING $60,000 SUPPORTING ARTS AND CULTURE; 17 GRANTS TOTALING $39,238 SUPPORTING COMMUNITY DEVELOPMENT; ONE GRANT TOTALING $10,000 SUPPORTING CRIMINAL JUSTICE REFORM; 20 GRANTS TOTALING $61,000 SUPPORTING HEALTH AND WELLNESS; 5 GRANTS TOTALING $180,000 SUPPORT RACIAL EQUITY WORK; ONE GRANT TOTALING $5,000 SUPPORTING LGBTQ COMMUNITIES.
COMMUNITY LEADERSHIP - WITH A CREDIBLE HISTORY OF SERVING AS A TRUSTED COMMUNITY CONVENER, BBCF BRINGS TOGETHER LOCAL RESIDENTS, BUSINESS LEADERS, EDUCATORS, LOCAL AND COUNTY GOVERNMENTS TO STRATEGICALLY ATTACK MAJOR COMMUNITY CHALLENGES, SUCH AS FOOD SCARCITY, EMERGENCY SHELTER SHORTAGES, WASTEWATER SYSTEMS, HOUSING REHABILITATION NEEDS, INEQUITABLE SCHOOL SYSTEMS, AND NEIGHBORHOOD REVITALIZATION THROUGH A VARIETY OF PROGRAMS INCLUDING, ADVOCACY, COMMUNITY EDUCATION AND CIVIC PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felecia Lucky President | Officer | 40 | $157,617 |
Walter Givhan Vice Chairperson | OfficerTrustee | 1 | $0 |
Patricia M Farrior Secretary | OfficerTrustee | 1 | $0 |
Robert Turner Treasurer | OfficerTrustee | 1 | $0 |
Darlene Robinson Chairperson | OfficerTrustee | 1 | $0 |
Veronica Drake Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,988,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,169,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,158,459 |
| Total Program Service Revenue | $0 |
| Investment income | $53,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,876 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,571,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,839,047 |
| 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. | $157,617 |
| Compensation of current officers, directors, key employees. | $11,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,144,650 |
| Pension plan accruals and contributions | $72,955 |
| Other employee benefits | $283,154 |
| Payroll taxes | $179,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,880,334 |
| Advertising and promotion | $120,620 |
| Office expenses | $613,205 |
| Information technology | $169,887 |
| Royalties | $0 |
| Occupancy | $46,736 |
| Travel | $78,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215,816 |
| Interest | $9,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,261 |
| Insurance | $72,266 |
| All other expenses | $0 |
| Total functional expenses | $8,097,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,017,590 |
| Pledges and grants receivable | $299,162 |
| Accounts receivable, net | $48,791 |
| 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 | $422,774 |
| Investments—publicly traded securities | $922,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,710,786 |
| Accounts payable and accrued expenses | $222,640 |
| Grants payable | $0 |
| Deferred revenue | $290,368 |
| 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 | $171,688 |
| Total liabilities | $684,696 |
| Net assets without donor restrictions | $1,646,008 |
| Net assets with donor restrictions | $5,380,082 |
| 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 | $7,710,786 |
Grants Awarded
Over the last fiscal year, Black Belt Community Foundation Inc has awarded $1,180,500 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN COMMUNITY FUND PURPOSE: COMMUNITY DEVELOPMENT | $375,250 |
Decatur, GA PURPOSE: COMMUNITY DEVELOPMENT | $375,250 |
MOORE WRIGHT GROUP PURPOSE: STORM SHELTER/COMMUNITY DEVELOPMENT | $30,000 |
HALE COUNTY COMMUNITY ENRICHMENT SOCIETY PURPOSE: STORM SHELTER/COMMUNITY DEVELOPMENT | $30,000 |
Aliceville, AL PURPOSE: STORM SHELTER/COMMUNITY DEVELOPMENT | $30,000 |
Eutaw, AL PURPOSE: STORM SHELTER/COMMUNITY DEVELOPMENT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Black Belt Community Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Lawrence And Sherian Washington Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $2,307,249 |
| Earnings | $60,273 |
| Net Contributions | $5,763,504 |
| Grants | $5,233,989 |
| Ending Balance | $2,897,037 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |