Overview
What is Atlanta Wealth Building Initiative Inc?
Atlanta Wealth Building Initiative Inc, a 501(c)(3) nonprofit organization based in Atlanta, Georgia, aims to advance economic opportunities for historically marginalized communities. They focus on providing resources and support for Black-owned businesses, particularly those in the food industry, to overcome barriers such as limited access to capital and high rental costs. Their efforts include establishing shared commercial kitchen spaces and food hubs to help businesses scale and prevent displacement. The initiative has also collaborated with local enterprises to create sustainable food hubs and remove procurement barriers for Black-owned businesses. Their ultimate goal is to contribute to an opportunity-rich future for all in Atlanta.
Official website here: www.atlantawealthbuilding.org
Is Atlanta Wealth Building Initiative Inc legitimate?
Atlanta Wealth Building Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlanta Wealth Building Initiative 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: $329,907
Professional Fundraising Fees: $0
Other Salaries and Wages: $308,260
For more financial information, click here
Official website here: www.atlantawealthbuilding.org
What is the mission statement of Atlanta Wealth Building Initiative Inc?
The Atlanta Wealth Building Initiative Inc's mission is to foster shared prosperity as a community norm, aiming to tackle the racial wealth divide. They actively reimagine economic realities to create an opportunity-rich future for all. One of their initiatives involves supporting Black-owned businesses in Atlanta, particularly those in need of commercial kitchen space, by establishing shared commercial kitchen spaces to help these businesses scale and increase their revenue. The Initiative also supports alternative ownership models and removes barriers to procurement for Black-owned businesses.
Official website here: www.atlantawealthbuilding.org
Who is the CEO of Atlanta Wealth Building Initiative Inc?
Dr Janelle Williams Phd is the Director of Atlanta Wealth Building Initiative Inc. The CEO's salary of Atlanta Wealth Building Initiative Inc is $0 and their total compensation is $0.
Official website here: www.atlantawealthbuilding.org
What is the revenue of Atlanta Wealth Building Initiative Inc?
Atlanta Wealth Building Initiative Inc's revenue in 2022 was $2,186,982.
Official website here: www.atlantawealthbuilding.org
Who are the executives of Atlanta Wealth Building Initiative Inc and what are their salaries?
The average compensation at Atlanta Wealth Building Initiative Inc during 2022 was $70,907. There are 9 employees and 15 volunteers at Atlanta Wealth Building Initiative Inc.
Here are 18 key members and their salaries (Atlanta Wealth Building Initiative Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $50,706
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Official website here: www.atlantawealthbuilding.org
Where can I find the form 990 for Atlanta Wealth Building Initiative Inc?
Atlanta Wealth Building Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.atlantawealthbuilding.org
Learn more at the official website: www.atlantawealthbuilding.org
Mission Statement of Atlanta Wealth Building Initiative Inc
Atlanta Wealth Building Initiative, often abbreviated as AWBI, is an organization committed to fostering shared prosperity in Atlanta. Their mission is to engage, empower, and support the leadership necessary to address Atlanta's racial wealth divide. AWBI actively works to reimagine economic realities, striving to create an opportunity-rich future for all residents of the city.
In pursuit of this mission, AWBI focuses on various initiatives. They aim to reduce business displacement and support the growth of black-owned businesses, recognizing the significant demand for commercial kitchen space among these businesses. Moreover, AWBI supports initiatives that promote inclusive enterprise models, such as cooperative development and employee ownership, to help businesses expand and scale.
By providing resources and opportunities, AWBI seeks to break down barriers that hinder economic mobility, particularly for historically neglected or underserved businesses. They also work towards removing procurement barriers, ensuring that black-owned businesses have the support they need to take advantage of procurement opportunities. Through various programs and initiatives, AWBI is dedicated to creating a more equitable and prosperous Atlanta, where all residents have the opportunity to thrive.
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Impact
July, 2024
Atlanta Wealth Building Initiative Inc is actively working to address Atlanta's racial wealth divide by supporting initiatives that advance economic opportunities, business growth, and community revitalization. Through programs like the Urban Oak Initiative and partnerships with businesses like Portrait Coffee and Community Movement Builders, AWBI is helping to increase revenues, create job opportunities, and prevent displacement of Black-owned businesses in neighborhoods like the Historic West End. Additionally, AWBI is removing barriers to procurement for Black-owned businesses, launching loan programs to provide access to capital, and convening stakeholders to improve the entrepreneurial capital ecosystem for Black entrepreneurs in Atlanta. By focusing on shared prosperity and inclusive economic models, AWBI is making a tangible impact on building a more equitable and thriving community in Atlanta.
This information is meant to be a general summary of Atlanta Wealth Building Initiative 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.
- Gross Receipts: $2,186,982
Assets and Liabilities:
- Total Assets: $2,184,441
- Total Liabilities: $4,720
- Net Assets: $2,179,721
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Organization Details
Founding Year
2019
Phone
(404) 537-1831Principal Officer
Dr Janelle Williams Phd
Main Address
504 FAIR STREET, ATLANTA, GA, 30303
NTEE Category
Code: S30 - Community improvement
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