Overview
What is Association Of Black Foundation Executives Inc?
The Association of Black Foundation Executives Inc, situated in New York City, is a nonprofit organization dedicated to promoting effective and responsive philanthropy within Black communities. Their annual conference serves as a meeting point for philanthropic and non-profit professionals, fostering networking and engagement around shared interests. The target audience includes members and partners, foundation trustees, executive staff, and program officers, among others. In 2022, the conference focused on five priority areas, such as pushing for structural change, engaging Black businesses, lifting up gender, reaching the diaspora, and addressing disparities in prisons. The conference brought together 791 participants, with 64% being ABFE members and nearly 100 being foundation board trustees. Additionally, the James A. Joseph Lecture and Awards were celebrated, honoring accomplishments in the field. The organization has a staff of 33 individuals.
Official website here: www.abfe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating from Charity Navigator.
The Association Of Black Foundation Executives Inc has achieved a remarkable 96% overall score from Charity Navigator, reflecting its strong commitment to accountability and finance, as well as an excellent rating for culture and community. The organization boasts a perfect score for its independent board, financial oversight, and the absence of material asset diversion, indicating robust governance and financial health.
With a program expense ratio of 66.15%, the nonprofit allocates a significant portion of its resources directly to programs, although there is a slight area for improvement in this metric. Nevertheless, its fundraising efficiency is commendable, showing that it raises funds effectively with minimal costs. Additionally, the organization enjoys a high working capital ratio, suggesting it is well-positioned to cover its liabilities.
The organization's strong culture and community score, with a perfect rating, highlights its commitment to equity strategies and community engagement. Overall, the Association Of Black Foundation Executives Inc demonstrates strong financial management and a dedication to its mission, despite minor opportunities for enhancement in program expense allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Association Of Black Foundation Executives Inc legitimate?
Association Of Black Foundation Executives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association Of Black Foundation Executives Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,031,203
Professional Fundraising Fees: $18,360
Other Salaries and Wages: $1,555,153
For more financial information, click here
Official website here: www.abfe.org
What is the mission statement of Association Of Black Foundation Executives Inc?
The Association of Black Foundation Executives Inc's mission is centered around promoting effective and responsible philanthropy within Black communities. As an institution, ABFE aims to influence the philanthropic practice community, ultimately contributing to the overall health and strength of Black communities. The organization hosts an annual conference, which brings together philanthropic and non-profit professionals to network and engage in discussions about supporting Black communities through philanthropy. In 2022, ABFE focused on five priority areas, including structural change, engaging Black businesses, lifting up gender, reaching the diaspora, and addressing disparities in prisons, as part of its commitment to responsible philanthropy in Black communities. The annual conference, including the James A. Joseph Lecture and Awards, celebrates leaders in the field who have made significant accomplishments.
Official website here: www.abfe.org
Who is the CEO of Association Of Black Foundation Executives Inc?
Susan Taylor Batten is the Chair of Association Of Black Foundation Executives Inc. The CEO's salary of Association Of Black Foundation Executives Inc is $253,134 and their total compensation is $300,439.
Official website here: www.abfe.org
What is the revenue of Association Of Black Foundation Executives Inc?
Association Of Black Foundation Executives Inc's revenue in 2022 was $5,805,379.
Official website here: www.abfe.org
Who are the executives of Association Of Black Foundation Executives Inc and what are their salaries?
The average compensation at Association Of Black Foundation Executives Inc during 2022 was $78,374. There are 33 employees and 20 volunteers at Association Of Black Foundation Executives Inc.
Here are 30 key members and their salaries (Association Of Black Foundation Executives Inc's CEO's salary is $253,134 and their total compensation is $300,439):
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Official website here: www.abfe.org
Where can I find the form 990 for Association Of Black Foundation Executives Inc?
Association Of Black Foundation Executives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abfe.org
Learn more at the official website: www.abfe.org
Mission Statement of Association Of Black Foundation Executives Inc
The Association of Black Foundation Executives (ABFE) is an institution that prioritizes promoting effective and responsible philanthropy within Black communities. Its mission is multifaceted and far-reaching, aiming to impact the practice of philanthropy and ultimately contribute to the overall health and strength of the Black community. ABFE achieves this goal by engaging various stakeholders, including foundation trustees, executive staff, program officers, grant-making entities, and philanthropic organizations.
By hosting the annual conference and the James Joseph Lecture, ABFE provides a platform for networking and collaboration among professionals dedicated to supporting Black communities through philanthropy. The target audience for these events is ABFE's members and partners, encompassing a wide range of philanthropic organizations and individuals. In 2022, the conference focused on five priority areas outlined in ABFE's Call to Action framework, which are critical to its commitment to responsive philanthropy in Black communities (RPBC). These areas include pushing for structural change, engaging with Black businesses, lifting up gender, reaching the diaspora, and addressing disparities in prisons. The conference brought together 791 participants, with a significant portion being ABFE members and foundation board trustees.
In summary, the Association of Black Foundation Executives (ABFE) strives to foster effective and responsible philanthropy within Black communities. It achieves this by influencing philanthropic practice and hosting events that facilitate collaboration among professionals who share a common goal of supporting Black communities. ABFE's mission is further demonstrated through its commitment to priority areas that address pressing issues and contribute to the organization's RPBC framework.
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Impact
October, 2024
The Association of Black Foundation Executives Inc. (ABFE) plays a crucial role in promoting effective and responsive philanthropy within Black communities. By organizing events like its annual conference and the James A. Joseph Lecture, ABFE fosters networking and engagement among philanthropic and nonprofit professionals who share a commitment to investing in Black communities.
In 2022, ABFE focused on five imperative areas vital for creating structural change, including engaging Black businesses and addressing disparities in the criminal justice system, thereby amplifying critical conversations around social justice and equity. The gathering of nearly 800 participants, including foundation trustees and decision-makers, reflects ABFE's impact as a key player in driving dialogue and action in the philanthropic sector.
Additionally, ABFE’s commitment to recognizing and celebrating leadership in philanthropy through its signature awards program further strengthens its influence. Overall, ABFE's initiatives not only elevate the discourse around philanthropy but also empower individuals and organizations to contribute more thoughtfully and effectively to the well-being of Black communities.
This information is meant to be a general summary of Association Of Black Foundation Executives Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,061
- Program Service Revenue: $1,064,163
- Gross Receipts: $5,805,379
Assets and Liabilities:
- Total Assets: $19,117,303
- Total Liabilities: $784,107
- Net Assets: $18,333,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM & LECTURE FEES
Revenue
$550,538
MEMBERSHIP DUES
Revenue
$394,150
JOBS CORNER REVENUE
Revenue
$119,475
Organization Details
Founding Year
1971
Phone
(646) 392-9877Principal Officer
Susan Taylor Batten
Main Address
55 EXCHANGE PLACE 401, NEW YORK, NY, 10005
Website
www.abfe.orgNTEE Category
Code: R03 - Civil rights
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