Black Social Capital Initiative Inc

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

EIN: 853076147 ✦ Huntersville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Black Social Capital Initiative Inc?

Black Social Capital Initiative Inc is a nonprofit organization dedicated to fostering leadership growth among Black nonprofit leaders and executives. Through a mentoring program, they connect these leaders with experienced Black CEOs and executives, aiming to create a pipeline of talent. The initiative encourages networking and relationship-building, hosting quarterly meetings in Huntersville, North Carolina, to stimulate the development of social capital. The organization's ultimate goal is to support the professional advancement of minority CEOs and executives within the nonprofit sector.

Is Black Social Capital Initiative Inc legitimate?

Black Social Capital Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Social Capital Initiative Inc submitted a form 990EZ, 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.

What is the mission statement of Black Social Capital Initiative Inc?

The Black Social Capital Initiative Inc's mission is centered around nurturing talent in the realm of Black nonprofit leadership. It achieves this by pairing emerging leaders with experienced Black CEOs and executives in a mentoring program. The primary objective of this initiative is to create a pipeline for future leaders, with a specific focus on minority executives. The mentors and mentees engage in quarterly meetings, fostering the growth of social capital within the organization.

Who is the CEO of Black Social Capital Initiative Inc?

Unavailable

What is the revenue of Black Social Capital Initiative Inc?

Black Social Capital Initiative Inc's revenue in 2022 was $62,907.

Who are the executives of Black Social Capital Initiative Inc and what are their salaries?


There is 1 key member and their salary:


Harold Rice Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Black Social Capital Initiative Inc?

Black Social Capital Initiative Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Black Social Capital Initiative Inc

Black Social Capital Initiative, as an organization, is committed to fostering a pipeline of talent, particularly focusing on minority CEOs and executives. They achieve this mission by pairing Black nonprofit leaders with established mentors who hold CEO or Executive Director positions. This mentoring program serves to expand the leadership networks of these nonprofit leaders, thereby promoting professional growth and development. The organization encourages regular meetings between the mentors and mentees, typically held four times a year, in a setting that nurtures the building of social capital. This approach allows Black Social Capital Initiative to contribute significantly to the development of future leaders within the Black community.

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Impact




August, 2024

Black Social Capital Initiative Inc is making a significant impact by connecting Black nonprofit leaders with CEO/ED mentors through its mentoring program. By creating a pipeline for talent, with a specific focus on minority CEOs and executives, the organization is cultivating leadership networks and building social capital. Through its quarterly meetings in Huntersville, NC, Black Social Capital Initiative is empowering leaders within the Black community to expand their skills, knowledge, and opportunities for growth. This initiative plays a crucial role in fostering diversity and inclusivity within the nonprofit sector and beyond, ultimately contributing to a more equitable and vibrant society.




This information is meant to be a general summary of Black Social Capital 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.

Revenue
$62,907 (2022)
Expenses
$54,188 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $62,907

Assets and Liabilities:

  • Total Assets: $47,901
  • Total Liabilities: $0
  • Net Assets: $47,901

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Organization Details

Main Address

6828 OLMSFORD DR, Huntersville, NC, 28078

NTEE Category

Code: T50 - Philanthropy

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