Overview
What is Black Economic Alliance Foundation?
The Black Economic Alliance Foundation is a nonprofit organization based in Washington, D.C. With a team of four dedicated individuals, the foundation focuses on advancing economic progress within Black communities. Through their efforts, they support research, education, and public policy development centered around work, wages, and wealth within this demographic. The organization's mission is to foster a stronger and more prosperous Black community by addressing and addressing economic disparities.
Official website here: www.foundation.blackeconomicalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Black Economic Alliance Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of financial health and accountability. The foundation's overall score reflects a strong performance in the Accountability & Finance category, showcasing its commitment to transparency and responsible management of resources. The perfect score in various metrics, including independent board membership and financial ratios, points to a well-governed organization.
Strengths of the foundation include a fully independent board and a robust approach to financial management, which is essential for fostering trust among donors and stakeholders. The foundation has effectively documented its governance processes and maintains a healthy balance between assets and liabilities, demonstrating its operational efficiency and fiscal responsibility.
While the foundation shows commendable performance in accountability and finance, the summary does not provide insights into its programmatic effectiveness or impact on community challenges. As such, while the financial metrics are strong, potential supporters may seek additional information regarding the foundation's outcomes and overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Black Economic Alliance Foundation?
100% of 20 reviewers on Facebook recommend the Black Economic Alliance Foundation. Here is a summary of their reviews:
Reviewers express strong appreciation for the organization's mission of uniting Black individuals to foster meaningful economic growth and collaboration. Many highlight the foundation's commitment to positive outcomes and the importance of solidarity among Black communities to advance shared goals.
Overall, the sentiment towards the Black Economic Alliance Foundation is overwhelmingly positive, with supporters acknowledging its impactful role in championing economic empowerment and community development.
This AI summary has been generated from reviews found on Facebook.
Is Black Economic Alliance Foundation legitimate?
Black Economic Alliance Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Economic Alliance Foundation 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: $544,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,149
For more financial information, click here
Official website here: www.foundation.blackeconomicalliance.org
What is the mission statement of Black Economic Alliance Foundation?
The Black Economic Alliance Foundation is dedicated to advancing economic progress within Black communities. They accomplish this objective by championing research, education, and public policy development centered around work, wages, and wealth in the Black community. Through their efforts, they aim to make a significant impact on economic disparities and foster sustainable growth for individuals and communities. The organization's focus is on creating opportunities that lead to improved wages, economic stability, and wealth accumulation for Black communities. By supporting research and education, they strive to provide valuable insights and informative resources that can contribute to positive change. Additionally, their involvement in public policy development helps ensure that the needs and interests of Black communities are represented and addressed at the governmental level.
Official website here: www.foundation.blackeconomicalliance.org
Who is the CEO of Black Economic Alliance Foundation?
Samantha Tweedy is the Director,President-Partial Year of Black Economic Alliance Foundation.
Official website here: www.foundation.blackeconomicalliance.org
What is the revenue of Black Economic Alliance Foundation?
Black Economic Alliance Foundation's revenue in 2022 was $16,214,838.
Official website here: www.foundation.blackeconomicalliance.org
Who are the executives of Black Economic Alliance Foundation and what are their salaries?
The average compensation at Black Economic Alliance Foundation during 2022 was $145,979. There are 4 employees at Black Economic Alliance Foundation.
Here are 12 key members and their salaries:
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- Compensation: $417,291
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- Compensation: $127,475
- Related: $182,021
- Other: $0
Official website here: www.foundation.blackeconomicalliance.org
Where can I find the form 990 for Black Economic Alliance Foundation?
Black Economic Alliance Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.blackeconomicalliance.org
Learn more at the official website: www.foundation.blackeconomicalliance.org
Mission Statement of Black Economic Alliance Foundation
The Black Economic Alliance Foundation, a notable organization, is dedicated to promoting economic advancement in Black communities. It achieves this goal by backing research, education, and public policy development centered around work, wages, and wealth within the Black community.
In more detail, the BEA Foundation takes a multifaceted approach to addressing economic disparities in Black communities. By supporting research, it aims to uncover the root causes of economic inequality and propose effective solutions. Additionally, the organization invests in education, equipping individuals with the necessary skills and knowledge to secure better employment opportunities and ultimately improve their financial situations. Lastly, through its public policy development efforts, the BEA Foundation works to create systemic change that benefits the entire Black community. By focusing on these key areas, the organization strives to create lasting economic progress and empower Black individuals to build more prosperous lives.
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Impact
October, 2024
The Black Economic Alliance Foundation significantly advances economic progress in Black communities by focusing on critical areas such as research, education, and public policy development related to work, wages, and wealth. Through its initiatives, the foundation generates valuable research insights that inform strategies to enhance economic opportunities and address systemic disparities faced by Black individuals and families.
By advocating for effective policies and practices, the foundation seeks to create a more equitable economic landscape, ensuring that the unique challenges within Black communities are addressed. The educational programs foster awareness and equip individuals with the knowledge needed to navigate and thrive in the economy. Overall, the foundation's impact revolves around empowering Black communities, advocating for economic justice, and promoting sustainable growth and prosperity.
This information is meant to be a general summary of Black Economic Alliance Foundation. 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: $16,214,838
Assets and Liabilities:
- Total Assets: $12,308,358
- Total Liabilities: $1,927
- Net Assets: $12,306,431
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Organization Details
Founding Year
2019
Phone
(202) 788-6888Principal Officer
Samantha Tweedy
Main Address
1032 15TH STREET NW 247, WASHINGTON, DC, 20005
NTEE Category
Code: T11 - Philanthropy
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