Black Wealth Summit Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852809001 ✦ Lanham, MD ✦ Designated as a 501(c)(3)

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Overview

What is Black Wealth Summit Inc?

Black Wealth Summit Inc is a nonprofit organization situated in Lanham, Maryland. Their primary goal is to educate the African-American community about investing and financial management. They achieve this annually by collaborating with external financial management firms to host a conference, which is accessible both physically and virtually. The conference aims to provide attendees with valuable mentorship opportunities and essential financial life skills. The organization's mission is to foster prosperity for Black lives by creating an inclusive and unique wealth and financial educational experience.


Official website here: www.blackwealthsummit.com

Is Black Wealth Summit Inc legitimate?

Black Wealth Summit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Wealth Summit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.blackwealthsummit.com

What is the mission statement of Black Wealth Summit Inc?

Black Wealth Summit Inc's mission is to establish an inclusive educational platform focusing on wealth and finance, specifically tailored to foster prosperity within the Black community. The organization aims to bring together influential figures and resources, serving as a catalyst for financial growth and development among its attendees. The primary objective is to provide education on investing and financial management, offering an annual conference that features external financial experts and mentorship opportunities. This event is accessible both in-person and virtually, ensuring a wide range of individuals can benefit from the financial life skills and knowledge presented.


Official website here: www.blackwealthsummit.com

Who is the CEO of Black Wealth Summit Inc?

Cedric Nash Director is the Treasurer of Black Wealth Summit Inc.


Official website here: www.blackwealthsummit.com

What is the revenue of Black Wealth Summit Inc?

Black Wealth Summit Inc's revenue in 2022 was $802,454.


Official website here: www.blackwealthsummit.com

Who are the executives of Black Wealth Summit Inc and what are their salaries?

There 7 volunteers at Black Wealth Summit Inc.


Here are 4 key members and their salaries:


Elbert Robinson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renea J Pierre (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cedric Nash (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Robinson (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.blackwealthsummit.com

Where can I find the form 990 for Black Wealth Summit Inc?

Black Wealth Summit Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.blackwealthsummit.com

Learn more at the official website: www.blackwealthsummit.com

Mission Statement of Black Wealth Summit Inc

Black Wealth Summit Inc is dedicated to creating an inclusive wealth and financial educational experience that specifically caters to uplifting the lives of the African-American community. The organization's mission is to assemble champions and channels that will foster prosperity within this community. By bringing these influential entities together, Black Wealth Summit Inc aims to provide a platform where individuals can gain knowledge on investing, financial management, and other related topics. They achieve this objective through an annual education conference, which is conducted both virtually and physically. This conference serves as a platform for mentorship opportunities and the imparting of financial life skills to attendees.

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Impact




July, 2024

Black Wealth Summit Inc has a significant impact on the African-American community by providing essential education on investing, financial management, and other valuable skills. Through its annual conference, both virtual and physical, the organization offers access to mentorship opportunities and valuable life skills to its attendees. This initiative helps foster prosperity for Black lives by empowering individuals with the knowledge and tools needed to build generational wealth and financial stability.




This information is meant to be a general summary of Black Wealth Summit 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.

Revenue
$802,454 (2022)
Expenses
$979,749 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $802,454

Assets and Liabilities:

  • Total Assets: $114,520
  • Total Liabilities: $123,000
  • Net Assets: -$8,480

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Organization Details

Founding Year

2020

Principal Officer

Cedric Nash Director

Main Address

9501 Sheridan Street STE 200, Lanham, MD, 20706

NTEE Category

Code: P51 - Human services

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