Sf Black Wall Street Foundation
- Assets
- $244.0k
- Revenue
- $939.0k
- Investments
- $0.0
- Employees
- 2
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2793701
Organization Overview
Sf Black Wall Street Foundation is located in San Francisco, CA. As of 12/2022, Sf Black Wall Street Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sf Black Wall Street 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 12/2022, Sf Black Wall Street Foundation generated $939.0k in total revenue. All expenses for the organization totaled $778.2k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SF BLACK WALLSTREET WAS FOUNDED IN JUNE 2020 BY A GROUP OF SEVEN BLACK SAN FRANCISCO NATIVES IN RESPONSE TO THE DEVASTATING IMPACT OF COVID-19 AND ANTI-BLACK RACISM ON BLACK BUSINESS, CULTURAL SPACE, AND STAKEHOLDERSHIP. WE ARE A NETWORK OF COMMUNITY SERVANTS, PROFESSIONALS, AND CULTURAL INFLUENCERS WHO ARE COMMITTED TO BLACK SOVEREIGNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK MILLIONAIRE DEVELOPMENT PROGRAM - THE PROGRAM AIMS TO INCREASE THE NUMBER OF BLACK MICRO-BUSINESSES AND NONTRADITOINAL BUSINESS OWNERS IN THE SAN FRANCISCO COMMUNITY, STABILIZE EXISTING MICROBUSINESSES, CONNECT BUSINESS OWNERS TO SERVICE PROVIDERS AND INCREASE NETWORKING & SUPPORT AMONG PARTICIPATING ENTREPRENEURS. BMDP STAFF ASSIST IN CONNECTING OVER 20 BMDP GRADUATES TO OTHER PROGRAMS FOR TRAINING, GRANTS AND MENTORSHIPS. IN 2022, BMDP HAS PROVIDED OVER $360,000 IN MINI-GRANT INVESTMENTS AND HAS 44 SUCCESSFUL GRADUATES OF WOMEN, MEN AND YOUNG ADULTS. THESE BMDP GRADUATES CONTINUE TO BE PART OF THE SFBWS NETWORK.
JUNETEENTH -THE EVENT BUILDS ON THE 70-YEAR TRADITION OF JUNETEENTH CELEBRATIONS UPLIFTING BLACK CULTURE AND FREEDOM IN SAN FRANCISCO. BAYVIEW JUNETEENTH FEATURES LIVE MUSICAL PERFORMANCES, HORSEBACK RIDING HOSTED BY BLACK COWBOYS, THE BLACK MILLIONAIRE MARKET FEATURING MORE THAN 30 REGISTERED VENDORS, AMUSEMENT PARKS, A HEALTH PAVILION AND VARIETY OF FOOD AND DRINK OPTIONS. THE EVENT INCORPORATES BIPOC, NATIVE SF AND BLACK COMMUNITIES TO COMBAT THE UNDERINVESTMENT INTO THOSE COMMUNITIES. CENTERING THE BLACK COMMUNITIES EXPERIENCE CREATES SPACE FOR ALL MICRO AND SMALL BUSINESSES. CULTIVATING OUTDOOR MARKETS MAKES THAT MODEL INCLUSIVE FOR THOSE ACTIVITIES. AN ESTIMATED 500-700 ATTEND THIS EVENT WITH $29,000 IN TOTAL REPORT SALES FOR THE VENDORS.
HUMAN RIGHTS COMMISSION - DREAM KEEPER INITIATIVE -BEGINNING IN SEPTEMBER 2022, DKI SPENT OCTOBER TO DECEMBER ESTABLISHING CURRICULUM, CONSULTANTS, SERVICE MENU AND IDENTIFYING BUSINESS OWNERS WHO ARE ELIGIBLE FOR MASTER CLASSES. BY DECEMBER 2022, 6 SMALL BUSINESSES WERE IDENTIFIED AS HAVING THE POTENTIAL OF GROSSING $250,000 IN THE FOLLOWING YEAR. DKI MASTER CLASSES ARE DESIGNED TO HELP BUSINESSES SCALE THEIR OPERATIONS, ADDRESSING COMPLIANCE AND IMPROVING INFRASTRUCTURE AND ADMINISTRATIVE SYSTEMS THROUGH ONE ON ONE PROFESSIONAL COACHING. SUPPORT PROVIDED IN THE FIRST QUARTER OF 2023 INCLUDES TAX PREPARATION AND REFERRALS TO BOOKKEEPING SERVICE PROVIDERS WITH MINI-GRANT AWARDS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tinisch Hollins Co-Founder | Officer | 20 | $0 |
Gwendolyn Brown Co-Founder | Officer | 20 | $0 |
Tiffany Carter Co-Founder | Officer | 8 | $0 |
Bivett Brackett Co-Founder | Officer | 8 | $0 |
Kenya Boddie Co-Founder | Officer | 8 | $0 |
Jameel Patterson Co-Founder | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $630,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $938,979 |
| 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 | $938,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $368,000 |
| 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 | $51,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $32,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,720 |
| Advertising and promotion | $4,200 |
| Office expenses | $13,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,695 |
| Travel | $1,757 |
| 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 | $8,106 |
| All other expenses | $16,524 |
| Total functional expenses | $778,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,678 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $137,283 |
| 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 | $243,961 |
| Accounts payable and accrued expenses | $18,984 |
| 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 | $3,499 |
| Total liabilities | $22,483 |
| Net assets without donor restrictions | $221,478 |
| 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 | $243,961 |