2025-05-13T21:08:11-05:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2024-01-01 237156531 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC ASSO 6463929877 55 EXCHANGE PLACE 4TH FLOOR NEW YORK NY 10005 SUSAN TAYLOR BATTEN PRESIDENT AND CEO 6463929877 2025-05-13 1 1 EVA MRUK P00543254 2122862600 2025-05-13 2024 2025-03-06 01:10:19Z SUSAN TAYLOR BATTEN 55 EXCHANGE PLACE 4TH FLOOR NEW YORK NY 10005 5811080 0 X ABFE.ORG X 1971 IN ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. 16 16 33 20 0 0 5867236 3848103 1506723 1528327 266702 434650 0 0 7640661 5811080 475000 520000 0 0 4183300 4933654 0 0 746334 2495440 2494728 7153740 7948382 486921 -2137302 19987800 18322943 1004299 1288925 18983501 17034018 X 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. 0 0 1041655 0 601152 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. 778089 0 212925 PHILANTHROPIC ADVISING SERVICESPHILANTHROPIC ADVISING SERVICES PROVIDE WORKSHOPS AND TOOLS DESIGNED TO INCREASE GRANTMAKERS' INVESTMENTS, DEVELOP COLLECTIVE GIVING MODELS, AND SUPPORT DONORS IN DOING THEIR WORK MORE EFFECTIVELY. 627244 0 453150 MEMBERSHIP SERVICESABFE MEMBERSHIP IS OPEN TO PHILANTHROPIC PROFESSIONALS, NONPROFIT LEADERS, INDIVIDUAL DONORS, AND SECTOR PARTNERS. ABFE 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. 3494664 520000 261100 BLACK COMMUNITY FUNDERS NETWORKTHE BLACK COMMUNITIES FUNDERS NETWORK IS A NATIONAL NETWORK OF LEADERS MANAGING FUNDS AT COMMUNITY FOUNDATIONS, INTERMEDIARY ORGANIZATIONS, AND COLLABORATIVE FUNDS DESIGNED TO SUPPORT BLACK COMMUNITIES AND BLACK-LED ORGANIZATIONS.CONNECTING LEADERS FELLOWSHIP PROGRAM (CLFP)THE CONNECTING LEADERS FELLOWSHIP IS A LEADERSHIP DEVELOPMENT PROGRAM THAT CULTIVATES BOLD, REPRESENTATIVE, AND INCLUSIVE DECISION-MAKERS TO LEAD THE PHILANTHROPIC SECTOR. 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.LEVERAGE THE TRUST - CALEVERAGE THE TRUST IS A COMMUNITY OF FOUNDATION TRUSTEES IN CALIFORNIA ORGANIZED TO BUILD RELATIONSHIPS, CREATE LEARNING OPPORTUNITIES, STRATEGIZE TOGETHER, AND TAKE COLLECTIVE ACTION ON ISSUES IMPACTING THE BLACK COMMUNITY.BLACK WOMEN IN PHILANTHROPY (BWIP) THE BLACK WOMEN IN PHILANTHROPY LEADERSHIP (BWIP) RETREAT PROVIDES AN INTIMATE, RESTORATIVE SPACE FOR PARTICIPANTS TO DEEPEN THEIR CONNECTIONS, EXPAND THEIR LEADERSHIP ACUMEN, AND COLLECTIVELY STRENGTHEN THEIR CAPACITY TO LEAD, DIRECT, AND SERVE IN WAYS THAT CENTER ON HEALING, RESTORATION, AND FORWARD MOVEMENT OF THE SECTOR. CONGRESSIONAL BLACK CAUCUSABFE HOSTED ITS SEVENTH PANEL DISCUSSION AT THE CONGRESSIONAL BLACK CAUCUS FOUNDATION'S 2024 ANNUAL LEGISLATIVE CONFERENCE. THIS SESSION EXPLORED PERVASIVE BARRIERS WITHIN SMALL BUSINESS PROCUREMENT PROCESSES AND HIGHLIGHTED THE INTEGRAL ROLE OF PHILANTHROPY IN EXPANDING OPPORTUNITIES FOR BLACK-LED FIRMS. CORPORATE COMMUNITY OF PRACTICECORPORATE COMMUNITY OF PRACTICE IS A MEMBER NETWORK DESIGNED TO EMPOWER CORPORATE PHILANTHROPIC LEADERS WITH THE TOOLS TO CHAMPION INCREASED ADVOCACY AND RESOURCES FOR BLACK COMMUNITIES. READIREADI IS A PARTNERSHIP BETWEEN ABFE AND OTHER PHILANTHROPIC AFFINITY GROUPS TO SUPPORT PHILANTHROPY'S EFFORTS TO ADVANCE THE WELL-BEING OF ALL AMERICANS BASED ON THEIR LIVED EXPERIENCE.OTHER PROGRAMSOTHER PROGRAMS INCLUDE ENGAGEMENTS CHAMA TO BUILD FUNDER COLLABORATIVES IN SUPPORT OF BLACK COMMUNITIES AND SMART INVESTING, TO EXPAND INVESTMENT OPPORTUNITIES TO ENSURE THE MOST TALENTED FINANCIAL FIRMS ARE HIRED IN THE FIELD. 3494664 520000 261100 5941652 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X HAJRINA SHEHU VP FINANCE AND ADMIN 6463929877 55 EXCHANGE PLACE 4TH FLOOR NEW YORK NY 10005 MR CORY ANDERSON CHAIR (THRU MAY 2024) 1.00 X X 0 0 0 MS SHARON NASH BUSH CHAIR AS OF MAY 2024), VICE CHAIR (THRU MAY 2024) 1.00 X X 0 0 0 MS UPENDO SHABAZZ VICE CHAIR (AS OF MAY 2024), DIRECTOR (THRU MAY 2024) 1.00 X X 0 0 0 MS MARIA WOODRUFF-WRIGHT TREASURER 1.00 X X 0 0 0 MR ISAIAH OLIVER SECRETARY 1.00 X X 0 0 0 DR SYLVIA BARTLEY SECRETARY (THRU FEB 2024) 1.00 X X 0 0 0 MS STEPHANIE BELL-ROSE DIRECTOR (THRU FEB 2024) 1.00 X 0 0 0 MR HERBERT DRAYTON DIRECTOR 1.00 X 0 0 0 CHARLES SIDNEY FIELDS DIRECTOR 1.00 X 0 0 0 MR JAMES HEAD DIRECTOR (THRU FEB 2024) 1.00 X 0 0 0 MR DAMON HEWITT DIRECTOR 1.00 X 0 0 0 MS WENDY LEWIS JACKSON DIRECTOR 1.00 X 0 0 0 MS SUSAN D JOHNSON DIRECTOR 1.00 X 0 0 0 MS RENEE KARIBI-WHYTE DIRECTOR 1.00 X 0 0 0 MS CYNTHIA MULLER DIRECTOR 1.00 X 0 0 0 MS MAISHA SIMMONS DIRECTOR 1.00 X 0 0 0 MR STEPHEN WEBSTER DIRECTOR 1.00 X 0 0 0 MS DALILA WILSON-SCOTT DIRECTOR 1.00 X 0 0 0 MS DIANE TATE VERMIERE DIRECTOR 1.00 X 0 0 0 MS AISHA ALEXANDER YOUNG DIRECTOR 1.00 X 0 0 0 MS SUSAN TAYLOR BATTEN PRESIDENT & CEO 35.00 X 294598 0 64294 MS HAJRINA SHEHU VP, FINANCE AND ADMIN 35.00 X 212668 0 65221 MS MICHELL SPEIGHT CHIEF OF STAFF 35.00 X 221106 0 25711 MS TAHIRA CHRISTMON VP, EXTERNAL AFFAIRS 35.00 X 193615 0 40178 MR EDWARD JONES VP, PROGRAMS 35.00 X 183737 0 51315 MS TRINNETE COOPER DIRECTOR, PHILANTHROPIC ADVISING SVCS 35.00 X 131693 0 35176 MR JUSTON COOPER NETWORK AND PARTNERSHIPS DIRECTOR 35.00 X 127891 0 4503 MR EDGAR BREEDEN DIRECTOR OF PROGRAMS 35.00 X 123755 0 26760 MS LISA ZANETTA ADDAMS-PILGRIM CHIEF DEVELOPMENT OFFICER 35.00 X 122662 0 40565 MR T'SHAWN RIVERS DEVELOPMENT DIRECTOR 35.00 X 119036 0 39516 1730761 0 393239 14 0 1 0 HYATT REGENCY ST LOUIS AT THE ARCH 315 CHESTNUT STREET ST LOUIS MO 63102 EVENT MANAGEMENT SERVICES 264606 TYNESIA BOYEA ROBINSON CAP EQ ADVISORS L 500 WEST FIFTH STREET SUITE 800 PM WINSTONSALEM NC 27101 RACIAL EQUITY CONSULTANT SERVICES 190873 COMMUNITYBUILD VENTURES LLC 384 NORTHYARDS BOULEVARD NORTHWEST ATLANTA GA 30313 BUSINESS CONSULTING SERVICES 120180 ROOTED STRATEGY LLC 4434 HARRISON STREET KANSAS CITY MO 64110 BUSINESS CONSULTING SERVICES 110000 UNITED PHILANTHROPY FORUM 1020 19TH STREET NORTHWEST SUITE 3 WASHINGTON DC 20036 INFORMATION TECHNOLOGY SERVICES 100686 5 613511 3234592 3848103 PROGRAM & LECTURE FEES 611710 992577 992577 MEMBERSHIP DUES 611710 453150 453150 JOBS CORNER REVENUE 541800 82600 82600 1528327 434650 434650 5811080 1528327 0 434650 520000 520000 1352443 935326 381228 35889 2731843 1738797 459027 534019 54078 32863 7869 13346 499918 316509 73597 109812 295372 192207 55362 47803 54032 34000 20032 24239 24239 55487 55487 744131 710330 31714 2087 15621 15621 37476 32126 5350 256306 188564 67742 9023 9023 707007 679482 25294 2231 491818 482906 7765 1147 10500 10500 DUES & SUBSCRIPTIONS 57758 42448 15310 STAFF DEVELOPMENT 25591 20473 5118 REPAIRS & MAINTENANCE 5739 5739 7948382 5941652 1260396 746334 10705396 9241350 224335 78189 1702435 1138266 54120 129881 7293282 7734525 8232 732 19987800 18322943 287342 342020 716957 946905 1004299 1288925 X 10145581 12383607 8837920 4650411 18983501 17034018 19987800 18322943 -2137302 187819 0 X X 0 1 X 1 0 X 8706954 12763655 4736155 5867236 3848103 35922103 8706954 12763655 4736155 5867236 3848103 35922103 11859312 24062791 2036 846 5061 266702 434650 709295 36631398 5731179 0.65690 0.65030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 5943412 187819 187819 5755593 55487 55487 5811080 7892895 0 7892895 55487 55487 7948382 PART X, LINE 2: 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 2021. 1 NATIVE AMERICANS IN PHILANTHROPY 1140 THIRD STREET NORTHEAST SECOND FLOOR WASHINGTON DC 20002 561849598 501(C)(3) 340000 0 TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY INC 1714 FRANKLIN STREET SUITE 100-386 OAKLAND CA 94612 943150064 501(C)(3) 90000 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) 90000 0 TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE 3 0 PART I, LINE 2: GRANTS WERE PROVIDED TO HELP SUPPORT ABFE'S RACIAL EQUITY ADVANCEMENT AND DEFENSE INITIATIVE. 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. X X X X X 0 0 0 0 0 0 0 0 0 MS SUSAN TAYLOR BATTEN PRESIDENT & CEO 294598 0 0 0 0 0 12000 0 52294 0 358892 0 0 0 MS HAJRINA SHEHU VP, FINANCE AND ADMIN 212668 0 0 0 0 0 8353 0 56868 0 277889 0 0 0 MS MICHELL SPEIGHT CHIEF OF STAFF 221106 0 0 0 0 0 0 0 25711 0 246817 0 0 0 MR EDWARD JONES VP, PROGRAMS 183737 0 0 0 0 0 7420 0 43895 0 235052 0 0 0 MS TAHIRA CHRISTMON VP, EXTERNAL AFFAIRS 193615 0 0 0 0 0 8025 0 32153 0 233793 0 0 0 MS TRINNETE COOPER DIRECTOR, PHILANTHROPIC ADVISING SVC 131693 0 0 0 0 0 5396 0 29780 0 166869 0 0 0 MS LISA ZANETTA ADDAMS-PILGRIM CHIEF DEVELOPMENT OFFICER 122662 0 0 0 0 0 585 0 39980 0 163227 0 0 0 MR T'SHAWN RIVERS DEVELOPMENT DIRECTOR 119036 0 0 0 0 0 4851 0 34665 0 158552 0 0 0 MR EDGAR BREEDEN DIRECTOR OF PROGRAMS 123755 0 0 0 0 0 2807 0 23953 0 150515 0 0 0 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 MAY 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 LINE 15A: 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. THE EXECUTIVE COMMITTEE APPROVES THE COMPENSATION OF THE PRESIDENT AND CEO THROUGH THE BUDGET PROCESS. THIS PROCESS WAS LAST UNDERTAKEN IN 2024. LINE 15B: COMPENSATION FOR OTHER OFFICER AND KEY EMPLOYEES IS DETERMINED 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 OTHER OFFICERS AND KEY EMPLOYEES THROUGH THE BUDGET PROCESS. THIS PROCESS WAS LAST UNDERTAKEN IN 2024. 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. IN ADDITION, FORM 990, AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. 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.