Overview
What is The Black Achievement Fund Inc?
The Black Achievement Fund Inc, based in Atlanta, Georgia, is a nonprofit organization with a mission to enhance the livelihood of its members. They aim to achieve this by decreasing living expenses, expanding access to affordable healthcare, housing, and consumer goods, offering business loans, funding community development projects, improving education, creating job opportunities, promoting healthy food options, and revitalizing neighborhoods. The Black Achievement Fund's unique mission is to recycle wealth within the black community, forming a self-sustaining financial system to support a national black economic system. With a team of four dedicated individuals, this nonprofit strives to empower and uplift its community.
Official website here: www.baf.solutions/
Is The Black Achievement Fund Inc legitimate?
The Black Achievement Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Black Achievement Fund 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: $74,628
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.baf.solutions/
What is the mission statement of The Black Achievement Fund Inc?
The Black Achievement Fund Inc's mission is centered around recycling wealth within the black community. Their objective is to establish a self-sustaining financial resource, which they aim to utilize in funding a national black economic system. Through their programs and initiatives, the Black Achievement Fund strives to enhance the quality of life for its members. This is achieved by reducing their living expenses, improving access to affordable healthcare, providing low-cost consumer goods and services, offering business loans and capital for community development, promoting quality education, creating rewarding job opportunities, and encouraging the availability of healthy food and neighborhood revitalization.
Official website here: www.baf.solutions/
Who is the CEO of The Black Achievement Fund Inc?
Arkee Hodges is the President of The Black Achievement Fund Inc.
Official website here: www.baf.solutions/
What is the revenue of The Black Achievement Fund Inc?
The Black Achievement Fund Inc's revenue in 2021 was $234,224.
Official website here: www.baf.solutions/
Who are the executives of The Black Achievement Fund Inc and what are their salaries?
The average compensation at The Black Achievement Fund Inc during 2021 was $18,657. There are 4 employees and 10 volunteers at The Black Achievement Fund Inc.
Here are 10 key members and their salaries:
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $7,220
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $2,600
- Related: $0
- Other: $0
- Compensation: $2,508
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.baf.solutions/
Where can I find the form 990 for The Black Achievement Fund Inc?
The Black Achievement Fund Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.baf.solutions/
Learn more at the official website: www.baf.solutions/
Mission Statement of The Black Achievement Fund Inc
The Black Achievement Fund, an esteemed organization, is committed to an ambitious mission. Its primary goal is to recycle wealth within black communities, ultimately establishing a self-sustaining source of capital to fund a national black economic system. By doing so, the fund aims to improve the overall quality of life for its members. This is achieved through various initiatives, such as lowering costs of living, expanding access to quality healthcare, and offering affordable housing, consumer goods, and services. Moreover, The Black Achievement Fund provides business loans and capital for community development, ensuring the growth and revitalization of these areas. Additionally, the organization strives to establish quality schools, offer rewarding job opportunities, and make healthy food and produce more accessible within these communities.
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Impact
October, 2024
The Black Achievement Fund Inc significantly impacts black communities by focusing on recycling wealth within these communities, which fosters economic independence and development. By implementing programs and initiatives that enhance the quality of life for its members, the Fund addresses critical needs such as lowering the cost of living, providing access to quality healthcare, and offering affordable housing options.
Moreover, the Fund plays a pivotal role in promoting entrepreneurship through business loans and capital for community development, thereby generating job opportunities and cultivating sustainable local economies. Access to low-cost consumer goods and services empowers residents, while investments in quality schools and healthy food initiatives contribute to overall community well-being.
By revitalizing neighborhoods and encouraging community collaboration, the Black Achievement Fund not only empowers individuals but also strengthens the fabric of the entire community, leading to a robust national black economic system.
This information is meant to be a general summary of The Black Achievement Fund 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 2021.
- Gross Receipts: $234,224
Assets and Liabilities:
- Total Assets: $25,703
- Total Liabilities: $0
- Net Assets: $25,703
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Organization Details
Founding Year
2017
Principal Officer
Arkee Hodges
Main Address
1700 NORTHSIDE DR NW STE 730, Atlanta, GA, 30318
Website
www.baf.solutions/NTEE Category
Code: S20 - Community improvement
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