Rebuildtheblock
- Assets
- $81.0k
- Revenue
- $206.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Upper Marlboro, MD
- Founding
- Data as of
- 12/2021
- EIN
- 85-1421101
Organization Overview
Rebuildtheblock is located in Upper Marlboro, MD. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rebuildtheblock is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RTB SERVES AS A COMMUNITY LIAISON THAT BRIDGES BLACK ENTREPRENEURS WITH REPUTABLE RESOURCES TO INFILTRATE GENERATIONAL WEALTH AND CAPITAL IN THE BLACK COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGE THE GAP FUND: THE BRIDGE THE GAP FUND IS A CAPACITY-BUILDING GRANT DESIGNED TO COMBAT SOCIAL AND ECONOMIC DISPARITIES THAT HAVE INHIBITED BLACK ENTREPRENEURS FROM GAINING CAPITAL AND INVESTING IN THEIR COMMUNITIES. THE GRANT IS DISTRIBUTED QUARTERLY AND HAS THUS FAR BEEN AWARDED TO MORE THAN 26 BLACK ENTREPRENEURS WHO HAVE BEEN NEGATIVELY IMPACTED BY THE PANDEMIC, AS WELL AS BY RACIAL AND ECONOMIC INEQUITIES THAT HAVE EXISTED WELL BEFOREHAND. SEE SCHEDULE O FOR IMPACT TESTIMONIALS.
DISASTER RELIEF: AT REBUILDTHEBLOCK CORP. WE BELIEVE IN THE IMPORTANCE OF A CALL TO ACTION. THROUGH COLLABORATIVE EFFORTS WITH ORGANIZATIONS THAT PROVIDE SERVICES TO PEOPLE WHO ARE IN NEED, WE ARE ABLE TO ENRICH, ENHANCE, AND REBUILD OUR COMMUNITIES DURING UNFORESEEABLE EVENTS. WE ARE ABLE TO ALLOCATE RESOURCES TO ORGANIZATIONS THAT TAKE THE INITIATIVE TO HIT THE GROUND RUNNING DURING UNCERTAIN TIMES. THUS FAR, WE HAVE DISTRIBUTED FUNDS TOWARDS EFFORTS OF PROVIDING AID TO COMMUNITIES IMPACTED BY THE MASSIVE POWER OUTAGES IN TEXAS IN THE YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Richards President | OfficerTrustee | 5 | $0 |
Zelnnetta Clark Treasurer | OfficerTrustee | 5 | $0 |
Alexis Akarolo Secretary | OfficerTrustee | 5 | $0 |
Michelle Terry-Clark Vice President | OfficerTrustee | 2 | $0 |
Shanique Moore Director | Trustee | 2 | $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 | $206,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,335 |
| 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 | $206,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,475 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| 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 | $27,177 |
| Office expenses | $7,099 |
| Information technology | $7,312 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $125,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,954 |
| 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 | $80,954 |
| 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 | $80,954 |
| Net assets with donor restrictions | $0 |
| 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 | $80,954 |
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