Black Economic Alliance Foundation

Organization Overview

Black Economic Alliance Foundation is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Economic Alliance Foundation 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 12/2020, Black Economic Alliance Foundation generated $3.1m in total revenue. All expenses for the organization totaled $177.1k during the year ending 12/2020.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION FOCUSES ON ADVANCING ECONOMIC PROGRESS IN BLACK COMMUNITIES BY SUPPORTING RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BEA FOUNDATION WORKED TO SUPPORT RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
David Clunie
Executive Director
$45,988
N Anthony Coles Jr
Director, President
$0
Vicki Palmer
Director, Treasurer
$0
Charles Phillips
Director, Secretary
$0
Tia Breakley
Director, Asst Treasurer
$0
Gerald Adolph
Former Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,096,213
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,096,213
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 $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,096,213

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Black Economic Alliance Foundation has recieved totaling $2,612,142.

Awarding OrganizationAmount
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS

$775,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$500,000
Ford Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$500,000
Ford Foundation

New York, NY

PURPOSE: ONE-TIME CORE SUPPORT TO ENGAGE CORPORATIONS AND CEOS TO DEFEND VOTING RIGHTS AND SUPPORT DEMOCRACY REFORM

$400,000
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: General Nonprofit Support

$100,000
Anne Wojcicki Foundation

Los Altos, CA

PURPOSE: GENERAL SUPPORT

$100,000
View Grant Recipient Profile

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