2023-06-21T11:48:56-05:00 2021-12-31 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2021-01-01 462239585 ATLANTA WEALTH BUILDING INITIATIVE INC ATLA 4045371831 504 FAIR STREET ATLANTA GA 30313 COURTNEY COLLINS CHIEF OPERATING OFFICER 4045371831 2023-06-02 1 COURTNEY COLLINS 999009999 TIFFANY T ORR CPA P10559478 7703948000 2023-06-02 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X COURTNEY COLLINS 504 FAIR STREET ATLANTA GA 30313 2164844 0 X WWW.ATLANTAWEALTHBUILDING.ORG X 2019 GA AWBI EXISTS TO MAKE SHARED PROSPERITY THE ATLANTA WAY BY SUPPORTING THE ENGAGEMENT, CAPACITY, AND LEADERSHIP NECESSARY TO ADDRESS ATLANTA'S RACIAL WEALTH DIVIDE. WE ACTIVELY REIMAGE ECONOMIC REALITIES TO PRODUCE AN OPPORTUNITY-RICH FUTURE FOR ALL. 13 13 4 20 0 0 179470 2163444 0 0 0 0 0 1300 179470 2164744 0 429500 0 0 0 354041 0 0 98126 230 517169 230 1300710 179240 864034 801425 2092526 0 427067 801425 1665459 X AWBI EXISTS TO MAKE SHARED PROSPERITY THE ATLANTA WAY BY SUPPORTING THE ENGAGEMENT, CAPACITY, AND LEADERSHIP NECESSARY TO ADDRESS ATLANTA'S RACIAL WEALTH DIVIDE. WE ACTIVELY REIMAGE ECONOMIC REALITIES TO PRODUCE AN OPPORTUNITY-RICH FUTURE FOR ALL. 0 0 980433 429500 AWBI 2021 IMPACT HIGHLIGHTSLIKE MANY ORGANIZATIONS, AWBI WAS IMPACTED BY THE COVID-19 PANDEMIC AND FOCUSED ITS EFFORTS IN BOTH 2020 AND 2021 ON SECURING SUPPORT FOR A VARIETY OF SMALL BUSINESSES IN ITS LOCAL COMMUNITY. IN ADDITION TO THIS DEPLOYMENT, AWBI ACCOMPLISHED THE FOLLOWING:2021 PEOPLE- SUPPORTED OVER 400 BUSINESSES THROUGH GRANTS, TECHNICAL ASSISTANCE AND COACHING- DEVELOPED POLICY IN PRACTICE DOCUMENT FOR ATLANTA MAYORAL CANDIDATES- SUPPORTED BEYA SALON STUDIOS IN EXPANSION TO TWO NEW LOCATIONS- PROVIDED A GRANT TO THE KE'NEKT TO CONDUCT COMMUNITY OUTREACH AND COLLECT COMMUNITY INPUT AS AWBI EMBARKS ON ITS RETENTION AND ANTI-DISPLACEMENT STRATEGY2021 CAPITAL- DISTRIBUTED $420,000 ACROSS 14 GRANTS- HELPED BROWN TOY BOX EXECUTE A $2.5M PURCHASE ORDER WITH TARGET- BEGAN PLANNING FOR 2022 CAPITAL CONVENINGS TO EXPAND THE POOL OF CAPITAL AVAILABLE FOR BLACK-OWNED BUSINESSES IN ATLANTA2021 IDEAS- HOSTED THE COMMUNITY WEALTH BUILDING FORUM ON MARCH 25, 2021 WITH MORE THAN 150 ATTENDEES- LAUNCHED THE 1,000 BUSINESSES CAMPAIGN AT THE COMMUNITY WEALTH BUILDING FORUM & DEVELOPED EXECUTIVE SUMMARY, VIDEO AND OTHER CAMPAIGN MATERIALS- LAUNCHED COMMUNITY WEALTH BUILDING COMMITMENT SERIES- PROMOTED COMMUNITY WEALTH BUILDING ONLINE & THROUGH SPEAKING ENGAGEMENTS:- COMPLETED CAPITAL LANDSCAPE ANALYSIS WITH JPMC, NEXT STREET, COMMON FUTURE & PSE- PROMOTED & SUPPORTED GANGSTERS TO GROWERS AS A WORKER-OWNER MODELIN 2023, AWBI WILL LAUNCH ITS NEW STRATEGIC PLAN FOCUSED ON AN INNOVATIVE SOLUTIONS PORTFOLIO MODEL THAT INCLUDES: AFFORDABLE COMMERCIAL REAL ESTATE, DATA ARCHITECTURE, EMPLOYEE OWNERSHIP, PROGRESSIVE PROCUREMENT AND SOCIAL LABS & INNOVATION. 980433 1 1 0 0 0 0 0 0 0 0 1 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 12 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 GA X X X GRETCHEN FULLER 4045371831 504 FAIR STREET ATLANTA GA 30313 ALAN FERGUSON DIRECTOR 2.00 X 0 0 0 GRACE FRICKS DIRECTOR 2.00 X 0 0 0 ELLEN MACHT DIRECTOR 2.00 X 0 0 0 TYLER NICKERSON DIRECTOR 2.00 X 0 0 0 DALE ROYAL DIRECTOR 2.00 X 0 0 0 JAMES WAHLS DIRECTOR 2.00 X 0 0 0 JANELLE WILLIAMS DIRECTOR 2.00 X 0 0 0 JON THOMPSON DIRECTOR 2.00 X 0 0 0 LESLEY GRADY DIRECTOR 2.00 X 0 0 0 NONET SYKES DIRECTOR 2.00 X 0 0 0 RONALD GALVIN DIRECTOR 2.00 X 0 0 0 TENE TRAYLOR DIRECTOR 2.00 X 0 0 0 WILL LAMBE DIRECTOR 2.00 X 0 0 0 LATRESA MCLAWHORN RYAN EXECUTIVE DIRECTOR 40.00 X 162940 0 21233 COURTNEY COLLINS COO 40.00 X 63920 0 0 226860 0 21233 1 0 1 0 0 2082194 81250 2163444 1400 100 1300 1300 2164744 0 0 1300 X 429500 429500 226860 136116 45372 45372 79291 47575 15858 15858 9384 5630 1877 1877 16937 10388 3387 3162 21569 12941 4314 4314 32282 16141 16141 347578 270246 77332 51932 25966 25966 21151 16921 4230 8585 8585 1577 1577 23220 18577 4643 162 162 2986 2389 597 DUES & SUBSCRIPTIONS 14884 11907 2977 STAFF DEVELOPMENT 10185 10185 MISCELLANEOUS 2627 2102 525 1300710 980433 222151 98126 776425 1096605 25000 995000 1083 162 0 921 801425 2092526 0 227067 0 200000 0 427067 X 801425 972959 692500 801425 1665459 801425 2092526 864034 0 X 0 1 X 1 0 X 1919839 2273444 4193283 1919839 2273444 4193283 1409036 2784247 4193283 1300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1083 162 921 921 X 2164844 0 2164844 -100 -100 2164744 1300810 100 100 1300710 0 1300710 PART X, LINE 2: UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, THE ORGANIZATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE ORGANIZATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2021, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 0 VILLAGE MICRO FUND 1679 OLYMPIAN WAY SW ATLANTA GA 30310 471748802 501(C)(3) 75000 0 TO HELP BROWN TOY BOX EXECUTE ON PURCHASE ORDERS OUR VILLAGE UNITED 57 FORSYTH ST NW SUITE 250 ATLANTA GA 30303 822964153 501(C)(3) 75000 0 TO HELP BROWN TOY BOX EXECUTE ON PURCHASE ORDERS VILLAGE MICRO FUND 504 FAIR ST SW ATLANTA GA 30303 471748802 501(C)(3) 40000 0 TO CULTIVATE FUNDING RELATIONSHIPS, GROW THE CAPACITY OF ITS EARNED REVENUE AND FINE TUNE ITS BUSINESS MODEL. GOODIE NATION PO BOX 54244 ATLANTA GA 30308 820768109 501(C)(3) 40000 0 TO EXPAND THE ECOSYSTEM OF SERVICES FOR BLACK-OWNED BUSINESSES BY SUPPORTING GOODIE NATION IN HIRING ADDITIONAL STAFF GROVE PARK FOUNDATION 1566 DONALD LEE HOLLOWELL PKWY ATLANTA GA 30318 821913260 501(C)(3) 25000 0 TO SUPPORT BLACK-OWNED BUSINESSES IN SECURING COMMERCIAL SPACE IN GROVE PARK THROUGH THE ACTIVATION OF A COMMERCIAL SITE ON DONALD LEE HOLLOWELL PARKWAY (DLH) GEORGIA MICRO ENTERPRISE NETWORK INC 504 FAIR ST SW ATLANTA GA 30313 800030897 501(C)(3) 50000 0 SUPPORTING THE ADDITION OF A PROGRAM COORDINATOR AND GRANT WRITER, AND THE COMPLETION OF PHASE ONE OF THE BUILD OUT OF THE KE'NEKT'S SPACE IN WESTVIEW. OUR VILLAGE UNITEDVILLAGE MARKET ATLANTA 675 PONCE DE LEON AVE NE SUITE 225 ATLANTA GA 30308 822964153 501(C)(3) 30000 0 SUPPORT BLACK-OWNED BUSINESSES IN ATLANTA IN RECOVERING FROM COVID, GROWING THEIR REVENUES, AND AVOIDING DISPLACEMENT BY PROVIDING ACCESS TO TECHNICAL ASSISTANCE AND COOPERATIVE SPACES, BOTH PHYSICAL AND VIRTUAL THROUGH THE VILLAGE MARKET ATLANTA ECOSYSTEM. GMEN 504 FAIR ST SW ATLANTA GA 30313 800030897 501(C)(3) 20000 0 GREEN PROJECT PROSPER 324 LAWTON ST SW ATLANTA GA 30310 061837383 501(C)(3) 8500 0 TO POSITION 25 BLACK-OWNED BUSINESSES FOR REVENUE GROWTH THROUGH PROSPER'S DIGITAL READINESS SUPPORT GEORGIA MICROENTERPRISE NETWORK 504 FAIR ST SW ATLANTA GA 30313 800030897 501(C)(3) 21500 0 TO CONTINUE ENGAGEMENT OF COMMUNITY PARTNERS AND BUSINESSES TO SUPPORT WESTATL CAMPAIGN THE KE'NEKT COOPERATIVE 1492 RALPH DAVID ABERNATHY BLVD SUITE A ATLANTA GA 30310 842593090 501(C)(3) 30000 0 OUR "CREATION STATIONS" (WE USED SUPPORT FROM AWBI TO BUILD OUT) ARE DESIGNATED TECHNOLOGY PODS WITHIN THE KE'NEKT COOPERATIVE TO SUPPORT OUR SENIORS, STUDENTS, BLACK BUSINESSES, CREATIVES, MICRO START UPS & SOLOPRENEURS - SUPPORTING THE ONGOING COVID DIGITAL NEEDS OF OUR COMMUNITY.A CRITICAL GAMECHANGER OF OUR COMMUNITY WOULD BE THE FINANCIAL RESOURCES TO ACQUIRE TECHNOLOGY FOR OUR COMMUNITY HUB ALONG WITH THE CAPACITY TO SUPPORT TWO HBCU COOPERATIVE ECONOMIC FELLOWSHIPS WHERE WE COLLABORATE WITH CLARK, SPELMAN OR MOREHOUSE FOR A 9 MONTH FELLOWSHIP PROGRAM. X 1 1 X 0 0 0 0 0 0 0 0 0 LATRESA MCLAWHORN RYAN EXECUTIVE DIRECTOR 162940 0 0 0 0 0 0 0 21233 0 184173 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B TO BE IMPLEMENTED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS REVIEW THE POLICY EACH YEAR. AS NEEDED, THE POLICY IS REFERENCED WHEN NEEDED DURING BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 AWBI ENGAGES PROFESSIONAL RECRUITING FIRMS TO SUPPORT THIS WORK. COMPENSATION WAS NOTED IN A WRITTEN OFFER LETTER. FORM 990, PART VI, SECTION C, LINE 19 NOT PUBLIC UNLESS REQUESTED. FORM 990, PART IX, LINE 11G OTHER CONTRACT LABOR: PROGRAM SERVICE EXPENSES 270,246. MANAGEMENT AND GENERAL EXPENSES 77,332. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 347,578.