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Blackfem Inc

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

EIN: 475331017 ✦ Germantown, MD ✦ Designated as a 501(c)(3)

Overview

What is Blackfem Inc?

Blackfem Inc is a nonprofit organization located in Germantown, Maryland, with a mission to address financial trauma within the Black community. Their holistic approach involves engaging with cultural institutions, education systems, policymaking bodies, and families. By utilizing research-based methods, Blackfem Inc creates curriculums, conducts trainings, and develops programs to combat the root causes of financial inequality. Their goal is to improve the wealth-building capacity of their target communities and challenge biases within local institutions and policies. Blackfem Inc collaborates with progressive governmental bodies and activists to redefine wealth-building opportunities for Black women. The organization has a workforce of five dedicated individuals.


Official website here: www.blackfem.org

Is Blackfem Inc legitimate?

Blackfem Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blackfem 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.

Here are some key statistics you may want to consider:

Executive Compensation: $92,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $198,142

For more financial information, click here


Official website here: www.blackfem.org

What is the mission statement of Blackfem Inc?

Blackfem Inc partners with forward-thinking governmental bodies and activists to reimagine wealth-building opportunities for Black women. Their mission is to address key areas of influence such as cultural institutions, education systems, policymaking, and families, with a holistic, research-backed approach to healing financial trauma. Their curriculum, trainings, and programs aim to make progress against the root causes of financial inequality in their target communities, improving their wealth-building capacity and reshaping local institutions and policies to undo bias.


Official website here: www.blackfem.org

Who is the CEO of Blackfem Inc?

Chloe Mckenzie is the Executive Director of Blackfem Inc.


Official website here: www.blackfem.org

What is the revenue of Blackfem Inc?

Blackfem Inc's revenue in 2022 was $731,604.


Official website here: www.blackfem.org

Who are the executives of Blackfem Inc and what are their salaries?

The average compensation at Blackfem Inc during 2022 was $58,170. There are 5 employees at Blackfem Inc.

Here are 4 key members and their salaries:

    Chloe Mckenzie (Executive Director)
  • Compensation: $131,182
  • Related: $0
  • Other: $0

    • Heiyab Tessema (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dee Marshall (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jihan Dubose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.blackfem.org

    Where can I find the form 990 for Blackfem Inc?

    The Blackfem Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.blackfem.org

    Learn more at the official website: www.blackfem.org

    Mission Statement of Blackfem Inc

    Blackfem Inc, an organization dedicated to wealth building opportunities for Black women, collaborates with forward-thinking governmental bodies and activists. Their mission is to reimagine and reinvent these opportunities, addressing key areas of influence such as cultural institutions, education systems, policymaking, and families. Blackfem Inc employs a holistic, research-backed approach to healing financial trauma. Their curriculum, trainings, and programs aim to make progress against the root causes of financial inequality in their target communities, ultimately improving the wealth-building capacity of these communities. By reshaping local institutions and policies, Blackfem Inc seeks to undo bias in existing systems, thereby enabling a more equitable financial landscape for Black women.

    Impact

    This information is meant to be a general summary of Blackfem Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Blackfem Inc partners with governmental bodies and activists to reimagine wealth-building opportunities for Black women. They address key areas of influence such as cultural institutions, education systems, policymaking, and families. Through a holistic, research-backed approach to healing financial trauma, Blackfem's curriculum, trainings, and programs help make progress against the root causes of financial inequity in their target communities. They work to improve wealth-building capacity and undo bias in systems by reshaping local institutions and policies.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $731,604
  • Gross Receipts: $731,604

    • Assets and Liabilities:
  • Total Assets: $424,143
  • Total Liabilities: $4,499
  • Net Assets: $419,644
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    FINANCIAL EDUCATION

    Revenue

    $731,604

    Organization Details

    Founding Year

    2015

    Principal Officer

    Chloe Mckenzie

    Main Address

    21030G FREDERICK ROAD, GERMANTOWN, MD, 20876

    NTEE Category

    Code: P80 - Human services

    If you are a representative of Blackfem Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.