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Black Economic Alliance Foundation

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

EIN: 833790370 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Samantha Tweedy (President)
  • Compensation: $417,291
  • Related: $0
  • Other: $0

    • David Clunie (Executive Director)
  • Compensation: $127,475
  • Related: $182,021
  • Other: $0

    • N Anthony Coles Jr (Director,President-Partial Year)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vicki Palmer (Director, Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Phillips (Director, Secretary-Partial Year)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tia Breakley (Director, Asst Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kneeland Youngblood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robyn Coles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deval Patrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Broderick Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mattie Mcfadden-Lawson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richelieu Dennis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.foundation.blackeconomicalliance.org

    Where can I find the form 990 for Black Economic Alliance Foundation?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Black Economic Alliance Foundation makes a tangible impact in advancing economic progress in Black communities by supporting research, education, and public policy development related to work, wages, and wealth within the Black community. Through its initiatives, the foundation actively works to address disparities and create opportunities for economic empowerment among Black individuals and communities. By focusing on these critical areas, the foundation contributes to the overall economic advancement and wellbeing of Black Americans.





    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: $0
  • Gross Receipts: $16,214,838

    • Assets and Liabilities:
  • Total Assets: $12,308,358
  • Total Liabilities: $1,927
  • Net Assets: $12,306,431
  • Organization Details

    Founding Year

    2019

    Principal Officer

    Samantha Tweedy

    Main Address

    1032 15TH STREET NW 247, WASHINGTON, DC, 20005

    NTEE Category

    Code: T11 - Philanthropy

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