Overview
What is Black Leaders Detroit?
Black Leaders Detroit is a nonprofit organization situated in Detroit, Michigan, with a US address at 8425 W MCNICHOLS STE 202. Their primary mission is to support underfunded businesses within the Black community, distributing grants and loans to aid in their growth. In the recent past, they have distributed 29 grants worth $193,182 and 32 loans amounting to $501,450. Furthermore, the organization has provided $18,000 in gift certificates for local retailers to the community. Their efforts have supported 54% of women entrepreneurs and helped maintain 244 jobs. Besides these financial initiatives, Black Leaders Detroit has also organized successful fundraisers such as the Ride for Equity and Detroit Drip.
Official website here: www.blackleadersdetroit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Black Leaders Detroit has achieved a strong rating of 90%, indicating high performance in accountability and finance. The organization demonstrates a strong commitment to transparency, with 80% of its board members being independent. It excels in several financial metrics, including full marks for its audit process and policies related to conflict of interest and whistleblower protections.
The program expense ratio of 65.51% suggests that a significant portion of its funding is directed towards its programs, reflecting an effective use of resources. Furthermore, the organization displays a solid commitment to equity strategies, scoring 87 out of 100 in this area. This indicates a proactive approach to addressing community needs and promoting fairness within its operations.
While the organization's financial health appears robust, it could enhance its score in the program expense ratio category. Nevertheless, the overall performance across various metrics signifies that Black Leaders Detroit is a trustworthy nonprofit making a meaningful impact within its community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Black Leaders Detroit?
100% of 10 reviewers on Facebook recommend Black Leaders Detroit. Here is a summary of their reviews: The consistent praise highlights the organization's commitment to educational and community goals. Reviewers commend the leadership for being effective and results-oriented, emphasizing the collaborative effort needed to achieve meaningful outcomes.
People appreciate the focus on real-world objectives and the tangible impact the organization has on the community. Overall, participants feel that Black Leaders Detroit truly delivers on its promises and effectively supports its mission to empower and uplift the community.
This AI summary has been generated from reviews found on Facebook.
Is Black Leaders Detroit legitimate?
Black Leaders Detroit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Leaders Detroit 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: $0
Professional Fundraising Fees: $1,680
Other Salaries and Wages: $341,979
For more financial information, click here
Official website here: www.blackleadersdetroit.org
What is the mission statement of Black Leaders Detroit?
Black Leaders Detroit, as an organization, is committed to providing financial support for a wide range of social and community impact projects. These projects are initiated and spearheaded by Detroiters of African descent. Their mission is to back these underrepresented ventures, thereby fostering growth and development within the Black community. Their activities include distributing grants and loans to underfunded businesses, which in turn, supports employment opportunities. Additionally, they have funded local retailers by purchasing gift certificates and have supported a significant number of female entrepreneurs. Black Leaders Detroit has also successfully organized fundraisers like the Ride for Equity and Detroit Drip, furthering their mission to uplift the Black community in Detroit.
Official website here: www.blackleadersdetroit.org
Who is the CEO of Black Leaders Detroit?
Leslie D Dandridge is the Ceo of Black Leaders Detroit. The CEO's salary of Black Leaders Detroit is $115,000 and their total compensation is $115,000.
Official website here: www.blackleadersdetroit.org
What is the revenue of Black Leaders Detroit?
Black Leaders Detroit's revenue in 2022 was $1,339,620.
Official website here: www.blackleadersdetroit.org
Who are the executives of Black Leaders Detroit and what are their salaries?
The average compensation at Black Leaders Detroit during 2022 was $113,993. There are 3 employees and 4 volunteers at Black Leaders Detroit.
Here are 7 key members and their salaries (Black Leaders Detroit's CEO's salary is $115,000 and their total compensation is $115,000):
- Compensation: $115,000
- Related: $0
- Other: $0
- Compensation: $102,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.blackleadersdetroit.org
Where can I find the form 990 for Black Leaders Detroit?
Black Leaders Detroit's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blackleadersdetroit.org
Learn more at the official website: www.blackleadersdetroit.org
Mission Statement of Black Leaders Detroit
Black Leaders Detroit, a nonprofit organization, is committed to supporting diverse social and community impact projects that are initiated and led by Detroiters of African descent. Their mission is to provide financial assistance to these projects, which often go unfunded within the Black community. By doing so, they aim to uplift underrepresented businesses and entrepreneurs, fostering economic growth and empowerment within this demographic. In the past, Black Leaders Detroit has distributed grants and loans totaling significant amounts, supporting 244 jobs and predominantly aiding female entrepreneurs. Furthermore, the organization has also engaged in fundraising events, such as the Ride for Equity and Detroit Drip, to amplify their financial support and impact in the community.
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Impact
July, 2024
Black Leaders Detroit has made a significant impact by providing financial support for underfunded businesses in the Black community. They have distributed 29 grants totaling $193,182 and 32 loans totaling $501,450. Additionally, they distributed $18,000 in gift certificates purchased from local retailers to community members. This support has helped to create and sustain 244 jobs, with 54% of the funds going to women entrepreneurs. Black Leaders Detroit has also successfully executed fundraisers like Ride for Equity and Detroit Drip, furthering their mission to support diverse social and community impact projects led by Detroiters of African descent.
This information is meant to be a general summary of Black Leaders Detroit. 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: $1,339,620
Assets and Liabilities:
- Total Assets: $1,055,094
- Total Liabilities: $153,319
- Net Assets: $901,775
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Organization Details
Founding Year
2019
Principal Officer
Leslie D Dandridge
Main Address
8425 W MCNICHOLS STE 202, Detroit, MI, 48221
Website
www.blackleadersdetroit.orgNTEE Category
Code: J01 - Employment
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