ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC (EIN 23-7156531)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-19
- IRS object ID
- 202401719349301450
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-19T14:42:04-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 873231666 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 PARK AVENUE 12TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10167 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237156531 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASSOCIATION OF BLACK FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | EXECUTIVES INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ASSO | BusinessNameControlTxt |
| Phone | 6463929877 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 EXCHANGE PLACE 401 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN TAYLOR BATTEN | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 6463929877 | PhoneNum |
| Signature | 2024-06-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SUSAN | PersonFirstNm |
| Person Last | TAYLOR BATTEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EVA MRUK | PreparerPersonNm |
| PTIN | P00543254 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2024-06-19 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SUSAN TAYLOR BATTEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 EXCHANGE PLACE 401 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,640,661 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | ABFE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1971 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 37 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,736,155 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,867,236 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,064,163 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,506,723 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,061 | PYInvestmentIncomeAmt |
| CY Investment Income | $266,702 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $5,805,379 | PYTotalRevenueAmt |
| CY Total Revenue | $7,640,661 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $475,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,258,939 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,183,300 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $18,360 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $700,941 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,121,259 | PYOtherExpensesAmt |
| CY Other Expenses | $2,495,440 | CYOtherExpensesAmt |
| PY Total Expenses | $5,398,558 | PYTotalExpensesAmt |
| CY Total Expenses | $7,153,740 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $406,821 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $486,921 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $19,117,303 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,987,800 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $784,107 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,004,299 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $18,333,196 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $18,983,501 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. AS AN INSTITUTION, ABFE SEEKS TO IMPACT THE COMMUNITY OF PHILANTHROPIC PRACTICE AND THEREBY THE OVERALL HEALTH AND STRENGTH OF THE BLACK COMMUNITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $904,390 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $459,668 | RevenueAmt |
| Desc | ANNUAL CONFERENCE AND JAMES JOSEPH LECTUREABFE'S ANNUAL CONFERENCE IS A GATHERING OF PHILANTHROPIC AND NON-PROFIT PROFESSIONALS FOR NETWORKING AND ENGAGEMENT AROUND SHARED INTEREST IN SUPPORTING BLACK COMMUNITIES THROUGH PHILANTHROPY. THE TARGET AUDIENCE IS ABFE'S MEMBERS AND PARTNERS; FOUNDATION TRUSTEES, EXECUTIVE STAFF AND PROGRAM OFFICERS, GRANT MAKING ENTITIES INCLUDING PRIVATE FOUNDATIONS, CORPORATE GIVING PROGRAMS, DONOR-ADVISED FUNDS AND GIVING CIRCLES. IN 2023, ABFE CONVENED AT THE RALEIGH CONVENTION CENTER IN DOWNTOWN RALEIGH, NC, AND FOCUSED ON FIVE OF THE 10 IMPERATIVES INCLUDED IN ITS CALL TO ACTION; ISSUE AREAS THAT ARE NOT ONLY AT THE HEART OF NEEDED INVESTMENT AND CHANGE, BUT AREA CRITICAL TO THE ORGANIZATION'S COMMITMENT TO RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) FRAMEWORK. THESE PRIORITY AREAS INCLUDED: (1) A PUSH FOR STRUCTURAL CHANGE, (2) ENGAGING BLACK BUSINESS, (3) LIFTING UP GENDER, (4) REACHING THE DIASPORA, AND (5) ADDRESSING DISPARITIES IN PRISONS. THE 2023 ANNUAL CONFERENCE BROUGHT TOGETHER 791 PARTICIPANTS (720 IN-PERSON, 71 VIRTUAL). 64% OF THE PARTICIPANTS WERE ABFE MEMBERS, AND NEARLY 100 REGISTRANTS WERE FOUNDATION BOARD TRUSTEES. WE ALSO CELEBRATED WHAT HAS BEEN A SIGNATURE PROGRAM FOR ABFE FOR OVER 30 YEARS, THE JAMES A. JOSEPH LECTURE AND AWARDS, WHICH CELEBRATED THE IMPORTANT ACCOMPLISHMENTS OF LEADERS IN THE FIELD. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $899,496 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $459,950 | RevenueAmt |
| Desc | MEMBERSHIP SERVICESABFE EQUIPS ITS MEMBERS AND PARTNERS WITH TOOLS AND RESOURCES TO RESPOND MORE EFFECTIVELY TO THE NEEDS OF BLACK COMMUNITIES AND TO ADDRESS ANTI-BLACK RACISM. ABFE USES ITS POSITION AND NETWORKS IN THE FIELD TO SHARE INFORMATION FOR THE EXPRESS PURPOSE OF INFLUENCING POLICIES AND PRACTICES IN THE FIELD THAT MAY HINDER THE SUCCESS OF BLACK PROFESSIONALS OR COMMUNITIES. OUR RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) FRAMEWORK FOR GRANTMAKING SUPPORTS THE DIGNITY OF COMMUNITIES AND OPTIMIZES INHERENT STRENGTHS TO ENSURE BETTER OUTCOMES FOR BLACK COMMUNITIES. ABFE ALSO OFFERS A VARIETY OF OPPORTUNITIES FOR MEMBERS AND OTHER PROFESSIONALS IN THE FIELD TO EXCHANGE INFORMATION AND IDEAS, AND TO CULTIVATE PRODUCTIVE RELATIONSHIPS THAT OFTEN RESULT IN LEARNING, CO-INVESTMENT, AND EXPANDED SOCIAL AND PROFESSIONAL OPPORTUNITIES AND COMMUNITIES. OUR PROFESSIONAL AND LEADERSHIP DEVELOPMENT PRIMARILY FOCUSES ON MEMBERS' INTERESTS. ABFE PROVIDES INFORMATION AND OTHER RESOURCES THAT INFORM GRANTMAKING STRATEGIES AND SUPPORT CAREER AND LEADERSHIP DEVELOPMENT FOR BLACK PROFESSIONALS IN THE FIELD. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $780,116 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $265,794 | RevenueAmt |
| Desc | PHILANTHROPIC ADVISING SERVICESABFE BRINGS A NEW FRAMEWORK ON RESPONSIVE PHILANTHROPY TO REALIZE ITS MISSION OF PROMOTING EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC). THIS NEW TEMPLATE BUILDS UPON GRANTMAKING WITH A RACIAL EQUITY LENS BUT IS TAILORED SPECIFICALLY TO GRANTMAKING IN AND FOR BLACK COMMUNITIES. AS A RESULT, ABFE HAS DESIGNED A SET OF DEFINING CHARACTERISTICS OF PHILANTHROPY THAT IS MORE LIKELY TO REDUCE GAPS IN RACIAL DISPARITIES FACING BLACKS IN THE UNITED STATES. THIS YEAR, WE EXPANDED THE RPBC FRAMEWORK ENGAGE A BROAD RANGE OF INSTITUTIONAL AND INDIVIDUAL PARTICIPANTS WITH VARYING LEVELS OF FLUENCY IN THE SUSTAINABLE DEVELOPMENT GOALS AND ABFE'S RPBC (RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES) RACIAL EQUITY FRAMEWORK. FOR THE 2023 YEAR, ABFE ENGAGED APPROXIMATELY 35 FOUNDATIONS, CORPORATIONS, NONPROFITS AND PHILANTHROPY SERVING ORGANIZATIONS TO DELIVER RACIAL EQUITY TRAINING, ASSOCIATED TRAININGS AND TECHNICAL ASSISTANCE. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,585,315 | ExpenseAmt |
| Grant | $475,000 | GrantAmt |
| Revenue | $321,311 | RevenueAmt |
| Desc | BLACK COMMUNITY FUNDERS NETWORKTHE BLACK COMMUNITIES FUNDERS NETWORK IS AN EXCLUSIVE NETWORK FOR BLACK PHILANTHROPIC LEADERS WHO LEAD 'BLACK FUNDS' AT COMMUNITY FOUNDATIONS AND BLACK LEADERS OF FUNDS DESIGNED TO SUPPORT BLACK COMMUNITIES AND BLACK-LED ORGANIZATIONS. OUR NETWORK PROVIDES A SAFE CONTAINER FOR BLACK PHILANTHROPIC LEADERS TO STRATEGIZE ON BUILDING AUTONOMY, INCREASING ENDOWMENTS, AND PUSHING FOR STRUCTURAL CHANGE FOR BLACK PEOPLE IN OUR RESPECTIVE COMMUNITIES. CONNECTING LEADERS FELLOWSHIP PROGRAM (CLFP)CLFP IS A YEAR-LONG EXPERIENCE DESIGNED TO SHARPEN THE SKILLS AND STRENGTHEN THE LEADERSHIP CAPACITY OF FOUNDATION STAFF, DONORS, AND TRUSTEES WHO ARE COMMITTED TO ASSISTING BLACK COMMUNITIES THROUGH PHILANTHROPY. FELLOWS GET THE OPPORTUNITY TO LEARN FROM SEASONED GRANTMAKERS AND PEERS ON A REGULAR BASIS, UNDERSTAND HOW TO BE MORE EFFECTIVE AGENTS FOR CHANGE WITHIN THEIR INSTITUTIONS, AND PARTICIPATE IN A NETWORK THAT FOCUSES ON INNOVATIVE SOLUTIONS TO COMMUNITY CHALLENGES. THE FELLOWSHIP BEGINS WITH A WEEK-LONG LEADERSHIP SUMMIT. IN ADDITION, FELLOWS CONDUCT A 360-DEGREE EVALUATION AND ARE ASSIGNED A LEADERSHIP COACH. EACH FELLOW IS REQUIRED TO COMPLETE A COMMUNITY-BASED LEARNING PROJECT DURING THE FELLOWSHIP YEAR, WHICH CAN BE VOLUNTEER WORK OR A RESEARCH PROJECT ON A TOPIC OF INTEREST. TEN NEW CLFP FELLOWS EMBARKED ON A PROFOUND JOURNEY OF BLACK PHILANTHROPIC LEARNING, LEADERSHIP, AND LEGACY. THE CONNECTING LEADERS FELLOWSHIP SUMMIT MARKED THE COMMENCEMENT OF ABFE'S 18TH CLASS CONDUCTED ITS THIRD IN-PERSON LEADERSHIP SUMMIT SINCE 2019, HOSTED IN THE HISTORIC CITY OF BALTIMORE, MARYLANDLEVERAGE THE TRUST - CALEVERAGE THE TRUST - CALIFORNIA IS A NETWORK OF ABOUT 40 BLACK FOUNDATION TRUSTEES COMMITTED TO ADDRESSING IMPACTS OF ANTI-BLACK RACISM IN CALIFORNIA. THIS NETWORK HAS FOCUSED ON ENSURING PHILANTHROPIC SUPPORT FOR REPARATIONS IN THE STATE OF CALIFORNIA AND HAS HOSTED POLICY BRIEFINGS WITH STATE AND FEDERAL POLICY MAKERS ON VARIOUS MATTERS CONCERNING THE WELL-BEING OF BLACK CALIFORNIANS. BLACK WOMEN IN PHILANTHROPY (BWIP) - CONFERENCEIN 2023 ABFE CELEBRATED ITS 10TH ANNUAL BLACK WOMEN IN PHILANTHROPY LEADERSHIP (BWIP) RETREAT, A GATHERING OF OVER 100 FOUNDATION PRESIDENTS, CEOS, AND "MID-LEVEL MANAGERS/ALUM OF OUR CONNECTING LEADERS FELLOWSHIP PROGRAM OTHERWISE KNOWN AS "RISING SISTERS." THE EVENT WAS DESIGNED TO CREATE BOTH PEER-GROUP AND CROSS-GENERATION OPPORTUNITIES TO SUPPORT THE FULL DIVERSITY OF PARTICIPATING WOMEN. THE GATHERING GRANTS SPACE FOR DELVING INTO THE ISSUES, BARRIERS, STRENGTHS, AND OPPORTUNITIES BLACK WOMEN FACE IN EACH OF THEIR RESPECTIVE ROLES. THIS YEAR, SPECIFICALLY, THE CONVENING WILL PRIORITIZE SELF-CARE AS WE INVITE SISTERS TO RECONCILE THE INTERSECTIONALITY OF THEIR PROFESSIONAL DEMANDS AND PERSONAL NEEDS BY ENGAGING ONE ANOTHER IN FELLOWSHIP AND PURPOSEFUL DIALOGUE. GENTLY FACILITATED THROUGH THEIR PARTICIPATION IN INTIMATE CONVERSATIONS CENTERED AROUND HEALING AND RESTORATION, THE CONVENING ULTIMATELY AIMS TO SERVE AS A WAY FOR SISTERS IN PHILANTHROPY TO FURTHER THEIR SHARED CAPACITY TO LEAD, DIRECT, AND SERVE MORE EFFECTIVELY. THE 2023 ANNUAL BWIP RETREAT TOOK PLACE AUGUST 24TH - 26, 2023 AT THE CARAMBOLA BEACH RESORT IN ST. CROIX, US VIRGIN ISLANDS.BLACK WOMEN IN PHILANTHROPY (BWIP) - NETWORKTHIS IS PEER-TO-PEER NETWORK OF BLACK FOUNDATION CEOS AND SENIOR LEADERS INTERESTED IN BUILDING COMMUNITY AND FURTHERING DIALOG AND SUPPORT. THIS NETWORK INCLUDES PAST ATTENDEES OF OUR ANNUAL BWIP CONFERENCE. THIS NETWORK DOES NOT MEET VIRTUALLY.CONGRESSIONAL BLACK CAUCUSABFE, IN PARTNERSHIP WITH JP MORGAN CHASE, PRESENTED THE 5TH ITERATION OF ITS PANEL SERIES AT THE CONGRESSIONAL BLACK CAUCUS FOUNDATION'S ANNUAL LEGISLATIVE CONFERENCE. TITLED "THE SCALES OF ECONOMIC JUSTICE: EXAMINING THE BALANCE OF PHILANTHROPY, BLACK BUSINESS, AND RACIAL EQUITY," THE SESSION AIMED TO EXPLORE COLLABORATIVE PATHWAYS FOR CREATING MONUMENTAL SHIFTS IN PHILANTHROPY. LEVERAGING ABFE'S "RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES" FRAMEWORK, IN ALIGNMENT WITH PROGRESS GENERATED THROUGH JP MORGAN CHASE'S $30 BILLION-DOLLAR RACIAL EQUITY COMMITMENT AND THE SUCCESS OF ITS "ADVANCING BLACK PATHWAYS" PROGRAM DESIGNED TO HELP THE BLACK COMMUNITY CHART STRONGER PATHS TOWARD ECONOMIC SUCCESS AND EMPOWERMENT, THE SESSION CENTERED ON THE EXAMINATION OF THE ROLE OF FUNDERS' WHOSE RACIAL EQUITY COMMITMENTS AIM TO ADVANCE ENTREPRENEURIAL OPPORTUNITY, MAKE ACCESS TO BUSINESS AND ORGANIZATIONAL DEVELOPMENT RESOURCES MORE EQUITABLE, AND SPUR JOB CREATION IN SECTORS THAT LACK RACIAL DIVERSITY AND REPRESENTATION. CORPORATE COMMUNITY OF PRACTICETHIS NETWORK IS DESIGNED TO SUPPORT CORPORATE PHILANTHROPIC PROFESSIONALS AS THEY ADVOCATE FOR BLACK COMMUNITIES WITHIN THE CONTEXT OF THEIR ROLES AND POSITIONS OF INFLUENCE. THE OVERARCHING GOAL OF THE NETWORK IS TO ADOPT A COMMITMENT TO LONG TERM RACIALLY EQUITABLE POLICIES AND FUNDING STRATEGIES WITHIN THEIR CORPORATE GIVING INITIATIVES.READILED BY ABFE, READI IS A PARTNERSHIP BETWEEN ABFE AND THREE RACIAL AND ETHNIC IDENTITY FOCUSED PHILANTHROPIC AFFINITY GROUPS, TO REDRESS THE IMPACTS OF THE SUPREME COURT'S DECISION TO BAN AFFIRMATIVE ACTION IN HIGHER EDUCATION AND THE RIPPLE EFFECT IT IS HAVING IN PHILANTHROPY. ABFE'S LEADERSHIP IDENTIFIED A FOUR-PART STRATEGY TO BOTH ASSIST WITH DEFENDING RACIAL EQUITY AND RACIAL JUSTICE GAINS AND TO SUPPORT THE FURTHER ADVANCEMENT OF RACIAL JUSTICE WITHIN THE SECTOR AND BEYOND. THE STRATEGY INCLUDES SUPPORTING CIVIL RIGHTS AND LEGAL DEFENSE GROUPS IN THE ANNOUNCING AND DISSEMINATION OF PRO BONO LEGAL COUNSEL RESOURCES FOR NONPROFITS; DESIGNING AND IMPLEMENTING A COMMUNICATIONS AND NARRATIVE CAMPAIGN; ESTABLISHING A REPOSITORY OF RESOURCES HELPFUL FOR NONPROFITS, PHILANTHROPIES AND OTHER ENTITIES LOOKING TO ADVANCE RACIAL EQUITY IN THESE CHALLENGING POLITICAL TIMES; AND FINALLY ESTABLISHING A LEGAL FUND TO PAY FOR LEGAL COUNSEL FOR NONPROFITS THAT ARE THREATENED WITH LEGAL ACTION BY OPPONENTS OF RACIAL EQUITY AND JUSTICE.OTHER PROGRAMS:OTHER PROGRAMS INCLUDE ENGAGEMENTS WITH ABFE'S PARTNERSHIPS AND NETWORKS IN THE BLACK COMMUNITIES, RESEARCH, AND FUNDERS COLLABORATIVE WORK. ONE OF THESE NETWORKS IS SMART INVESTING WHICH IS A NETWORK OF INVESTMENT OFFICERS AND ASSET MANAGERS COMMITTED TO DIVERSE AND INCLUSIVE INVESTMENT MANAGEMENT PRACTICES IN PHILANTHROPY. IN 2011, WE LAUNCHED THE SMART INVESTING INITIATIVE IN HOPES OF INCREASING THE NUMBER OF MINORITY AND WOMEN-OWNED FIRMS MANAGING FOUNDATION ENDOWMENTS. WE VIEW A COMMITMENT TO DIVERSE ASSET MANAGERS AS A GAME CHANGERA STRATEGY THAT BUILDS ECONOMIC POWER AND INDIGENOUS PHILANTHROPY IN BLACK COMMUNITIES AND COMMUNITIES OF COLOR MORE BROADLY. SMART INVESTMENT CONSISTS OF A NETWORK OF FOUNDATION INVESTMENT OFFICERS AND DIVERSE ASSET MANAGERS WHO ARE COMMITTED TO RACIALLY EQUITABLE INVESTMENT PRACTICES. ANOTHER NETWORK IS THE UMOJA CIRCLE, A NATIONAL NETWORK OF BLACK FOUNDATION CEOS THAT COME TOGETHER REGULARLY TO DISCUSS PHILANTHROPY'S ROLE IN ADDRESSING THE SOCIAL AND ECONOMIC INEQUITIES IMPACTING THE BLACK COMMUNITY. SINCE ITS INCEPTION THE NETWORK HAS FOCUSED ON LEVERAGING THE COLLECTIVE POWER AND VOICE TO ADDRESS THE IMPACTS OF ANTI-BLACK RACISM. RECENTLY THE NETWORK HAS FOCUSED ON SUPPORTING A SOUTHERN FUNDING STRATEGY TO SPECIFICALLY SUPPORT BLACK-LED AND FOCUSED INFRASTRUCTURE IN NONPROFITS AND COMMUNITY CENTERED INSTITUTIONS INCLUDING HBCUS. ANOTHER PROGRAM IS THE NATIONAL LEVERAGE THE TRUST, WHICH IS A SIGNATURE COMMUNITY OF PRACTICE IN ABFE'S PORTFOLIO OF LEADERSHIP CONVENINGS AND AIMS TO ENGAGE BLACK FOUNDATION TRUSTEES THROUGH PEER NETWORKING AND LEARNING OPPORTUNITIES. THE WORK OF LEVERAGE THE TRUST IS LED BY A COMMITTEE OF DEDICATED TRUSTEES OF PHILANTHROPIC INSTITUTIONS THAT ARE REPRESENTATIVE OF THE DIVERSITY OF GEOGRAPHY, TYPE, AND SIZE OF GRANTMAKING ENTITIES IN THE SECTOR, AND AIMS TO INCREASE THE NUMBER AND CAPACITY OF BLACK TRUSTEES AT PHILANTHROPIC ORGANIZATIONS; AND TO ENGAGE BLACK TRUSTEES IN SUPPORTING A RACIAL EQUITY AGENDA WITHIN THEIR INSTITUTIONS AND THE THROUGHOUT THE SECTOR. HOSTED AT THE ESTEEMED NATIONAL COUNCIL OF NEGRO WOMEN IN WASHINGTON, DC ON OCTOBER 26TH AND 27TH, THE 1.5-DAY EVENT COMPRISED OF A PRIVATE WELCOME RECEPTION FOLLOWED BY A FULL DAY OF PROGRAMMING AND CONVERSATION. THE EVENT IS DEDICATED TO AMPLIFYING THE INFLUENCE OF BLACK TRUSTEES IN PHILANTHROPY, STANDS AS A TESTAMENT TO ABFE'S COMMITMENT TO IMPACTFUL LEADERSHIP AND ADVANCING RACIAL EQUITY IN THE SECTOR. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,585,315 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $475,000 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $321,311 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $5,169,317 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 77 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 37 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAJRINA SHEHU VP FINANCE AND ADMIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6463929877 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 EXCHANGE PLACE 401 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MR CORY ANDERSON | ||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MS SHARON NASH BUSH | ||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MS MARIA WOODRUFF-WRIGHT | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DR SYLVIA BARTLEY | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MS STEPHANIE BELL-ROSE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS MELISSA DESHIELDS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MR HERBERT DRAYTON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MR JAMES HEAD | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS WENDY LEWIS JACKSON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS SUSAN D JOHNSON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS CYNTHIA MULLER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MR ISAIAH OLIVER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS UPENDO SHABAZZ | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS MAISHA SIMMONS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MR STEPHEN WEBSTER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS DALILA WILSON-SCOTT | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS AISHA ALEXANDER YOUNG | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MS SUSAN TAYLOR BATTEN | ||||||||
| PRESIDENT & CEO | 35.00 | Yes (X) | $318,962 | $0 | $49,787 | |||
| MS HAJRINA SHEHU | ||||||||
| VP FINANCE AND ADMIN | 35.00 | Yes (X) | $151,031 | $0 | $38,216 | |||
| MS MICHELL SPEIGHT | ||||||||
| CHIEF OF STAFF | 35.00 | $181,295 | $0 | $19,825 | Yes (X) | |||
| MR EDWARD JONES | ||||||||
| VP, PROGRAMS | 35.00 | $172,372 | $0 | $25,829 | Yes (X) | |||
| MS TAHIRA CHRISTMON | ||||||||
| VP, EXTERNAL AFFAIRS | 35.00 | $163,722 | $0 | $14,422 | Yes (X) | |||
| MR CORY WITHERSPOON | ||||||||
| CHIEF DEVELOPMENT OFFICER | 35.00 | $161,123 | $0 | $34,913 | Yes (X) | |||
| MR T'SHAWN RIVERS | ||||||||
| DEVELOPMENT DIRECTOR | 35.00 | $118,897 | $0 | $27,178 | Yes (X) | |||
| MS EVELYN THOMPSON | ||||||||
| ADMINISTRATIVE DIRECTOR | 35.00 | $109,806 | $0 | $24,325 | Yes (X) | |||
| MS EVELYN FREDERICK | ||||||||
| MEMBERSHIP DIRECTOR | 35.00 | $108,955 | $0 | $23,892 | Yes (X) | |||
| MR JUSTON COOPER | ||||||||
| NETWORK AND PARTNERSHIPS DIRECTOR | 35.00 | $100,338 | $0 | $1,977 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,586,501 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $260,364 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TYNESIA BOYEA ROBINSON CAP EQ ADVISORS L | |||||
| 500 WEST FIFTH STREET SUITE 800 PM | WINSTONSALEM | NC | 27101 | RACIAL EQUITY CONSULTANT SERVICES | $195,116 |
| BUOYANT PARTNERS INC | |||||
| 80 M STREET SUITE 200 | WASHINGTON | DC | 20003 | EVENT MANAGEMENT SERVICES | $132,958 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $635,007 | MembershipDuesAmt |
| All Other Contributions | $5,232,229 | AllOtherContributionsAmt |
| Total Contributions | $5,867,236 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM & LECTURE FEES | 611710 | $958,863 | $958,863 |
| MEMBERSHIP DUES | 611710 | $459,950 | $459,950 |
| JOBS CORNER REVENUE | 541800 | $87,910 | $87,910 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,506,723 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $266,702 | TotalRevenueColumnAmt |
| Exclusion | $266,702 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,640,661 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,506,723 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $266,702 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,000 | TotalAmt |
| Program Services | $475,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,331,497 | TotalAmt |
| Program Services | $795,618 | ProgramServicesAmt |
| Management And General | $342,175 | ManagementAndGeneralAmt |
| Fundraising | $193,704 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,078,945 | TotalAmt |
| Program Services | $1,424,417 | ProgramServicesAmt |
| Management And General | $288,863 | ManagementAndGeneralAmt |
| Fundraising | $365,665 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,738 | TotalAmt |
| Program Services | $11,017 | ProgramServicesAmt |
| Management And General | $21,263 | ManagementAndGeneralAmt |
| Fundraising | $9,458 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $483,673 | TotalAmt |
| Program Services | $212,616 | ProgramServicesAmt |
| Management And General | $207,468 | ManagementAndGeneralAmt |
| Fundraising | $63,589 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,447 | TotalAmt |
| Program Services | $112,247 | ProgramServicesAmt |
| Management And General | $98,582 | ManagementAndGeneralAmt |
| Fundraising | $36,618 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,392 | TotalAmt |
| Management And General | $90,392 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,404 | TotalAmt |
| Management And General | $31,404 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,627 | TotalAmt |
| Management And General | $13,627 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $819,070 | TotalAmt |
| Program Services | $808,060 | ProgramServicesAmt |
| Management And General | $4,747 | ManagementAndGeneralAmt |
| Fundraising | $6,263 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,117 | TotalAmt |
| Program Services | $62,344 | ProgramServicesAmt |
| Management And General | $4,811 | ManagementAndGeneralAmt |
| Fundraising | $8,962 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,367 | TotalAmt |
| Program Services | $201,278 | ProgramServicesAmt |
| Management And General | $19,851 | ManagementAndGeneralAmt |
| Fundraising | $4,238 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,690 | TotalAmt |
| Program Services | $562 | ProgramServicesAmt |
| Management And General | $15,128 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $385,696 | TotalAmt |
| Program Services | $365,788 | ProgramServicesAmt |
| Management And General | $7,464 | ManagementAndGeneralAmt |
| Fundraising | $12,444 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $643,992 | TotalAmt |
| Program Services | $589,273 | ProgramServicesAmt |
| Management And General | $54,719 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,397 | TotalAmt |
| Management And General | $13,397 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| DUES & SUBSCRIPTIONS | $115,150 | $83,662 | $31,488 |
| REPAIRS & MAINTENANCE | $34,437 | $4,156 | $30,281 |
| STAFF DEVELOPMENT | $31,101 | $23,279 | $7,822 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,153,740 | TotalAmt |
| Program Services | $5,169,317 | ProgramServicesAmt |
| Management And General | $1,283,482 | ManagementAndGeneralAmt |
| Fundraising | $700,941 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,727,080 | BOYAmt |
| EOY | $10,705,396 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,315,761 | BOYAmt |
| EOY | $224,335 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,955,216 | BOYAmt |
| EOY | $1,702,435 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,200 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,311 | BOYAmt |
| EOY | $54,120 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $7,293,282 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,735 | BOYAmt |
| EOY | $8,232 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,117,303 | BOYAmt |
| EOY | $19,987,800 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,781 | BOYAmt |
| EOY | $287,342 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $584,326 | BOYAmt |
| EOY | $716,957 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $784,107 | BOYAmt |
| EOY | $1,004,299 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,198,906 | BOYAmt |
| EOY | $10,145,581 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,134,290 | BOYAmt |
| EOY | $8,837,920 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,333,196 | BOYAmt |
| EOY | $18,983,501 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,117,303 | BOYAmt |
| EOY | $19,987,800 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $486,921 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $163,384 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,223,328 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,706,954 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,763,655 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,736,155 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,867,236 | CurrentTaxYearAmt |
| Total | $33,297,328 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,223,328 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,706,954 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,763,655 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,736,155 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,867,236 | CurrentTaxYearAmt |
| Total | $33,297,328 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $11,462,024 | SubstantialContributorsTotAmt |
| Public Support Total170 | $21,835,304 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,836 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,036 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $846 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,061 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $266,702 | CurrentTaxYearAmt |
| Total | $277,481 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $33,574,809 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $4,703,066 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.65030 | PublicSupportCY170Pct |
| Public Support PY170 | 0.71320 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,790,418 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $163,384 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $163,384 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,627,034 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $13,627 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $13,627 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,640,661 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,140,113 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,140,113 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $13,627 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $13,627 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,153,740 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ASSOCIATION RECOGNIZES THE EFFECT OF TAX POSITIONS WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATIONS OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAX, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX THAT WOULD REQUIRE DISCLOSURE AND/OR RECOGNITION IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2020. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY INC | |||||||||
| 1714 FRANKLIN STREET SUITE 100-386 | OAKLAND | CA | 94612 | 943150064 | 501(C)(3) | $75,000 | $0 | TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE | |
| HISPANICS IN PHILANTHROPY | |||||||||
| 414 13TH STREET 200 | OAKLAND | CA | 94612 | 943040607 | 501(C)(3) | $75,000 | $0 | TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE | |
| NATIVE AMERICANS IN PHILANTHROPY | |||||||||
| 1140 THIRD STREET NORTHEAST SECOND | WASHINGTON | DC | 20002 | 561849598 | 501(C)(3) | $325,000 | $0 | TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE | FLOOR |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS WERE PROVIDED TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE FOR THREE YEARS BEGINNING NOVEMBER 2023. GRANTEES ARE REQUIRED TO SUBMIT INTERIM REPORTS DETAILING PROGRAMMATIC UPDATES AND THE PROGRESS OF THE PROJECT, ALONG WITH A FINAL REPORT TO COVER THE ACTIVITIES FROM PREVIOUS INTERIM REPORT AND IN THE OVERALL GRANT PERIOD. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MS SUSAN TAYLOR BATTEN | ||||||||||||||
| PRESIDENT & CEO | $318,962 | $0 | $0 | $0 | $0 | $0 | $12,967 | $0 | $36,820 | $0 | $368,749 | $0 | $0 | $0 |
| MS MICHELL SPEIGHT | ||||||||||||||
| CHIEF OF STAFF | $181,295 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19,825 | $0 | $201,120 | $0 | $0 | $0 |
| MR EDWARD JONES | ||||||||||||||
| VP, PROGRAMS | $172,372 | $0 | $0 | $0 | $0 | $0 | $6,350 | $0 | $19,479 | $0 | $198,201 | $0 | $0 | $0 |
| MR CORY WITHERSPOON | ||||||||||||||
| CHIEF DEVELOPMENT OFFICER | $161,123 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34,913 | $0 | $196,036 | $0 | $0 | $0 |
| MS HAJRINA SHEHU | ||||||||||||||
| VP FINANCE AND ADMIN | $151,031 | $0 | $0 | $0 | $0 | $0 | $5,008 | $0 | $33,208 | $0 | $189,247 | $0 | $0 | $0 |
| MS TAHIRA CHRISTMON | ||||||||||||||
| VP, EXTERNAL AFFAIRS | $163,722 | $0 | $0 | $0 | $0 | $0 | $6,613 | $0 | $7,809 | $0 | $178,144 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE BOARD OF DIRECTORS AMENDED THE BY-LAWS IN 2023 WITH THE FOLLOWING CHANGES MADE: 1. ADDITION OF BY-LAW 5.12: SPECIAL COMMITTEES OF BOARD OF DIRECTORS - THIS NEW BY-LAW GIVES ABFE THE AUTHORITY TO CREATE NEW STANDING AND/OR AD-HOC COMMITTEES OUTSIDE OF EXECUTIVE AND GOVERNANCE. 2. ADDITION OF LANGUAGE ("THE BOARD OF DIRECTORS RESERVES THE RIGHT TO CREATE ADDITIONAL ELIGIBILITY REQUIREMENTS. INDIVIDUAL/INDIVIDUAL ASSOCIATE MEMBERS SHALL ENJOY BENEFITS AS DESIGNED AND APPROVED BY THE BOARD OF DIRECTORS.") TO BY-LAWS 2.03 AND 2.04 WHICH PROVIDES FLEXIBILITY FOR THE BOARD AND ABFE STAFF TO AMEND MEMBERSHIP ELIGIBILITY REQUIREMENTS AS NEEDED. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS THE FOLLOWING THREE CLASSES OF MEMBERSHIP: 1) INSTITUTIONAL, INCLUDING AN ENTITY PRIVATE, PUBLIC, COMMUNITY, FAMILY OR CORPORATE GRANTMAKING INSTITUTION OR A NONPROFIT ORGANIZATION OR CORPORATION PARTICIPATING AS A GRANTOR AND/OR INVESTOR IN BLACK COMMUNITIES; 2) INDIVIDUAL VOTING MEMBERS, INCLUDING CURRENT OR PAST DONOR, TRUSTEE OR STAFF OF AN ORGANIZATION ELIGIBLE; AND 3) INDIVIDUAL ASSOCIATE MEMBERS, INCLUDING INDIVIDUAL THAT SUPPORTS ABFE'S MISSION MAY BECOME AN ASSOCIATE MEMBER UPON APPLICATION AND PAYMENT OF DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ELECTION OF THE BOARD OF DIRECTORS IS SUBJECT TO APPROVAL BY THE INDIVIDUAL VOTING MEMBERS. EACH YEAR AT ABFE'S ANNUAL MEMBERSHIP MEETING, A SLATE OF CANDIDATES TO SERVE ON ABFE'S BOARD IS ELECTED BY ELIGIBLE MEMBERS WITH VOTING PRIVILEGES, INCLUDING MEMBERS IN GOOD STANDING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, IT IS PRESENTED TO THE AUDIT COMMITTEE AND THEN DISTRIBUTED ELECTRONICALLY BY EMAIL TO THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE IT IS FILED. THE BOARD OF DIRECTORS REVIEWS AND PROVIDES FEEDBACK ON THE FORM 990. THE FEEDBACK IS REVIEWED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ABFE HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO THE BOARD OF DIRECTORS AND OFFICERS. EACH MEMBER OF THE BOARD OF DIRECTORS MUST SIGN A CONFLICT OF INTEREST STATEMENT UPON BECOMING A BOARD MEMBER. IN ADDITION, SITTING BOARD MEMBERS AND OFFICERS MUST ANNUALLY SIGN THE CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MY EXIST FOR EACH YEAR THAT THEY ARE ON THE BOARD. BOARD MEMBERS ARE ALSO ASKED TO PRESENT ANY CONFLICT OF INTEREST DURING THEIR FIRST REGULAR BOARD MEETING OF THE YEAR. ANY CONFLICT OF INTEREST NOTED WILL BE REVIEWED BY THE PRESIDENT, CHAIR, AND OTHER MEMBERS OF THE BOARD OF DIRECTORS AND IS HANDLED ON A CASE-BY-CASE BASIS, WHICH IS RECORDED IN THE BOARD MEETING MINUTES. IF AN ACTUAL CONFLICT EXISTS, INTERESTED PARTY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISION ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SALARY RANGE FOR THE PRESIDENT & CEO WAS SET BY THE EXECUTIVE COMMITTEE BASED ON A SURVEY OF NONPROFIT EXECUTIVE SALARIES IN ORGANIZATIONS OF SIMILAR SIZE (BUDGET AND STAFF) IN THE NYC METROPOLITAN REGION. THE EXECUTIVE COMMITTEE'S ANNUAL ASSESSMENT OF THE PRESIDENT AND CEO'S PERFORMANCE IS USED TO DETERMINE SALARY ADJUSTMENTS. THEIR ASSESSMENT INCLUDES SALARY SURVEYS AND DATA FOR SIMILAR ORGANIZATIONS IN THE NONPROFIT SECTOR. COMPENSATION FOR OTHER OFFICER AND KEY EMPLOYEES IS DETERMINE BY THE PRESIDENT BASED ON INFORMATION PROVIDED BY THIRD-PARTY CONSULTANT, COMPENSATION PHILOSOPHY/POLICY, SALARY SURVEYS AND ETC. THE FINANCE COMMITTEE APPROVES THE COMPENSATION OF THE PRESIDENT & CEO, OTHER OFFICER, AND KEY EMPLOYEES THROUGH THE BUDGET PROCESS. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | ABFE MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORM 990, AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. |
| FORM 990, PART IX, LINE 11G | LEADERSHIP COACHING CONSULTING FEES: PROGRAM SERVICE EXPENSES 449,856. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 449,856. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 5,404. MANAGEMENT AND GENERAL EXPENSES 4,747. FUNDRAISING EXPENSES 1,763. TOTAL EXPENSES 11,914. HR SUPPORT SERVICES FEE/OTHER FEES: PROGRAM SERVICE EXPENSES 352,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 4,500. TOTAL EXPENSES 357,300. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |
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