KINDRED FUTURES INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- KINDRED FUTURES INC (EIN 46-2239585)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202343199349318829
- Schema version
- 2022v5.0
- 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 | 2023-11-15T14:56:41-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 721396621 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARR RIGGS & INGRAM LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4004 SUMMIT BLVD NE SUITE 800 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30319 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462239585 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ATLANTA WEALTH BUILDING INITIATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ATLA | BusinessNameControlTxt |
| Phone | 4045371831 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 504 FAIR STREET | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30303 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR JANELLE WILLIAMS PHD | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 4045371831 | PhoneNum |
| Signature | 2023-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DR | PersonFirstNm |
| Person Last | JANELLE WILLIAMS PHD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TIFFANY T ORR CPA | PreparerPersonNm |
| PTIN | P10559478 | PTIN |
| Phone | 7703948000 | PhoneNum |
| Preparation | 2023-11-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DR JANELLE WILLIAMS PHD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 504 FAIR STREET | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30303 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,186,982 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ATLANTAWEALTHBUILDING.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,163,444 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,186,982 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,300 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,164,744 | PYTotalRevenueAmt |
| CY Total Revenue | $2,186,982 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $429,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $205,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $354,041 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $708,595 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $153,525 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $517,169 | PYOtherExpensesAmt |
| CY Other Expenses | $759,125 | CYOtherExpensesAmt |
| PY Total Expenses | $1,300,710 | PYTotalExpensesAmt |
| CY Total Expenses | $1,672,720 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $864,034 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $514,262 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,092,526 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,184,441 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $427,067 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,720 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,665,459 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,179,721 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,101,035 | ExpenseAmt |
| Grant | $205,000 | GrantAmt |
| Desc | ADVANCE JUST USE OF LAND & PROPERTYTHERE IS A SIGNIFICANT DEMAND FOR COMMERCIAL KITCHEN SPACE AMONG BLACK-OWNED BUSINESSES IN ATLANTA. MANY BLACK-OWNED BUSINESSES HAVE LIMITED ACCESS TO CAPITAL, YET THE HIGH RENTAL AND OWNERSHIP COSTS OF A COMMERCIAL KITCHEN SPACE PREVENT BUSINESSES FROM SCALING THEIR BUSINESS BEYOND A HOME-BASED OPERATION OR GROWING TO SERVE BEYOND THEIR EXISTING NEIGHBORHOODS. SHARED COMMERCIAL KITCHEN SPACES HELP REDUCE BUSINESS DISPLACEMENT, SUPPORT BUSINESSES IN SCALING, AND INCREASE REVENUE BY PROVIDING AFFORDABLE COMMERCIAL SPACE TO DEVELOP PRODUCTS.- URBAN OAK INITIATIVE: SHARED COMMERCIAL KITCHEN TO REDUCE BUSINESS DISPLACEMENT AND SUPPORT BUSINESS GROWTH- THE URBAN OAK INITIATIVE IS A 501(C)(3) NONPROFIT ORGANIZATION THAT FIGHTS OBESITY, DIABETES, AND OTHER CHRONIC ILLNESSES THROUGH INNOVATIVE, KID-FRIENDLY PROGRAMS. PROGRAMS ARE DESIGNED TO ADDRESS MANY OF THE ISSUES FACING COMMUNITIES FACE TODAY, INCLUDING FOOD SECURITY, NUTRITION, AND SOCIOECONOMIC OPPORTUNITY. FOR THE PAST THREE YEARS, URBAN OAK HAS DONE PLACE-BASED WORK IN THE CITY OF ATLANTA NEIGHBORHOOD PLANNING UNIT V, A GEOGRAPHIC HOME TO OVER 15,000 RESIDENTS. THIS PREDOMINANTLY BLACK COMMUNITY HAS EXPERIENCED LONG STANDING DISINVESTMENT AND ISOLATION FROM ECONOMIC OPPORTUNITY AND FOOD ACCESS. IN PARTNERSHIP WITH AWBI, URBAN OAK INITIATIVE IS BUILDING A NEW 1,347 SQUARE FOOT SHARED COMMERCIAL KITCHEN AND FOOD HUB THAT WILL BE LOCATED INSIDE OF PITTSBURGH YARDS DEVELOPMENT.- KEY OUTCOMES:- SIGNED A LEASE AND BEGAN THE DEVELOPMENT OF A COMMUNITY-BASED SHARED COMMERCIAL KITCHEN IN THE PITTSBURGH YARDS DEVELOPMENT WITH AN EXPECTED COMPLETION DATE OF SUMMER/FALL 2023- ON TARGET TO INCREASE REVENUES BY 100%- HIRED AND TRAINED 1 PART-TIME PERSON WHO RECEIVED ENTREPRENEURIAL TRAINING AND IS ON TARGET TO START THEIR OWN BUSINESS WITHIN THE NEXT 12 MONTHS- WITH ASSISTANCE FROM OTHER GRANTS PROVIDED 800 SENIOR PLANT-BASED MEALS TO DATEGROW AND SCALE BLACK OWNED BUSINESSES & PREVENT DISPLACEMENTATLANTA'S HISTORIC WEST END NEIGHBORHOOD HAS A RICH HISTORY OF BLACK ENTREPRENEURSHIP AND CULTURE. IT IS ALSO EXPERIENCING RAPID REVITALIZATION THAT HAS UNFORTUNATELY RESULTED IN THE DISPLACEMENT OF BLACK AND BROWN ENTREPRENEURS- PORTRAIT COFFEE: INCREASE BUSINESS CAPACITY TO PREVENT DISPLACEMENT AND SUPPORT COMMUNITY REVITALIZATION- PORTRAIT COFFEE IS A BLACK-OWNED COFFEE ROASTER INTRODUCING SPECIALTY COFFEE TO SOUTHWEST ATLANTA IN A SOCIALLY CONSCIOUS WAY. LOCATED IN THE HISTORIC LOTTIE WATKINS BUILDING IN ATLANTA'S HISTORIC WEST END, PORTRAIT COFFEE'S GOAL IS TO EMPOWER AND EQUIP ATLANTA NATIVES AND RESIDENTS WITH GENUINE CAREER AND LIFE OPPORTUNITIES IN THE WORLD OF COFFEE AND TO SERVE AS A CATALYST FOR NEW REPRESENTATION AND GROWTH.- WITH SUPPORT FROM AWBI, PORTRAIT COFFEE IS BUILDING OUT A 2,000 SQUARE FOOT CAFE WITHIN THE HISTORIC BUILDING WHICH WILL CREATE A COMMUNITY GATHERING SPACE, INCREASE WORKFORCE AND INCREASE THE CAPACITY OF THE BUSINESS. PORTRAIT COFFEE WILL SERVE AS A CATALYST FOR BUSINESS REVITALIZATION WITHIN THE COMMUNITY.ALTERNATIVE OWNERSHIP MODELSAWBI SEEKS TO BUILD AN INFRASTRUCTURE FOR INCLUSIVE ENTERPRISES BY SUPPORTING SHARED OWNERSHIP MODELS INCLUDING COOPERATIVE DEVELOPMENT, CONVERSION TO EMPLOYEE OWNERSHIP, AND PROGRESSIVE PROCUREMENT STRATEGIES THAT SUPPORT THE ABILITY OF BUSINESSES TO GROW AND SCALE.- COMMUNITY MOVEMENT BUILDERS: CREATING A SUSTAINABLE FOOD HUB THROUGH A COOPERATIVE OWNERSHIP MODEL EMPLOYING BLACK WORKER-OWNERS- COMMUNITY MOVEMENT BUILDERS (CMB) IS A MEMBER-BASED COLLECTIVE OF COMMUNITY RESIDENTS AND ACTIVISTS DEDICATED TO CREATING SUSTAINABLE, SELF-DETERMINING BLACK COMMUNITIES THROUGH COOPERATIVE ECONOMIC ADVANCEMENT AND COMMUNITY ORGANIZING. CMB'S COOPERATIVE AQUAPONIC AND SEA MOSS PROGRAM, THE AQUAPONIC, WORKS TO ADDRESS SOUTHWEST ATLANTA'S FOOD DESERT BY GROWING HEIRLOOM TOMATOES, RAISING FRESHWATER SHRIMP AND GROWING SEA MOSS. THE COOPERATIVE WILL SEEK TO SOURCE 6 LOCAL RESTAURANTS AND GROCERY STORES WITH SHRIMP AND TOMATOES. THE SEA MOSS PRODUCTION WILL BE USED TO SUPPORT A YOUTH EDUCATION MICRO-BUSINESS. TWO LOCAL RETAIL STORES HAVE TENTATIVELY AGREED TO CARRY THE PRODUCTS. AWBI'S FUNDING SUPPORTS WORKER-OWNER TRAINING, KITCHEN RENTAL SPACE AND SALARIES OVER THE NEXT YEAR AS THE COOPERATIVE WORKS TO BUILD AND SUSTAIN ITS AQUAPONIC AND SEA MOSS BUSINESSES.- KEY OUTCOMES: - INCREASE BUSINESS REVENUE FROM $48,000 TO $100,000 BY ADDING ADDITIONAL RETAIL OUTLETS AND INCREASING ONLINE SALES INCREASE THE NUMBER OF WORKER OWNERS (CURRENTLY ONE WORKER-POTENTIAL OWNER WHO MAKES $400 A MONTH)- INCREASE STIPENDS FROM $800 TO $1000- COMPLETE TRAININGS IN PRODUCTION, MARKETING, BUSINESS MANAGEMENT- EACH NEW WORKER-OWNER WILL OWN APPROXIMATELY 5% TO 7% OF THE BUSINESSREMOVE BARRIERS TO PROCUREMENTACCORDING TO THE 2021 PROGRESS IN PROCUREMENT: EQUITY IN FEDERAL CONTRACTING REPORT, ONLY 3% OF ALL CONTRACTS AWARDED IN THE 2021 FISCAL YEAR WENT TO BLACK OWNED BUSINESSES. PROCUREMENT OPPORTUNITIES REPRESENT IMPORTANT SOURCES OF ECONOMIC MOBILITY. WE SEEK TO ENSURE THAT HISTORICALLY NEGLECTED OR UNDERSERVED PARTS OF THE BUSINESS COMMUNITY RECEIVE THE SUPPORT THEY NEED TO TAKE ADVANTAGE OF THOSE OPPORTUNITIES. IN 2022, AS PART OF OUR EFFORTS TO REMOVE BARRIERS TO PROCUREMENT FOR BLACK OWNED BUSINESSES, AWBI:- WORKED WITH THE HENRY LOUIS AARON FUND AND MINORITY BASEBALL PROSPECTS TO PRESENT A BLACK BUSINESS MARKETPLACE AT THE HBCU BASEBALL ALL-STAR GAME HOSTED BY THE ATLANTA BRAVES TO CURATE A BLACK BUSINESS MARKETPLACE AT TRUIST PARK;- HELPED LAUNCH THE INAUGURAL HOME RUN MARKET, A DEDICATED RETAIL SPACE TO DIVERSE BUSINESSES AT THE BRAVES STADIUM;- HOSTED DOZENS OF 1-1 STAKEHOLDERS MEETINGS WITH ATLANTA'S FORTUNE 500, 1000 COMPANIES, PUBLIC ENTITIES AND NETWORKS, CREATING POWERFUL ALLIES ALLOWING US TO DOCUMENT THE EXISTING LIMITING POLICIES AND PRACTICES REGARDING PROCUREMENT AND SUPPLIER DIVERSITY PROCESSES;- RESEARCHED AND VETTED VARIOUS TECHNICAL SOLUTIONS TO IMPROVE PROCUREMENT PROCESSES INCLUDING TWO SOFTWARE PLATFORMS AND THE PROSPECTIVE PROCUREMENT OF AN EXISTING EARLY STAGE BUSINESS DATABASE;- PILOTED AN ANCHOR PARTNER STRATEGY, WITH A NOTABLE CASE STUDY OF HELPING A BLACK WOMAN OWNED BUSINESS AVOID LOSS OF A CONTRACT FROM $1M TO $200K.CAPITAL LANDSCAPE DISRUPTIONFLEX FUND LOAN PROGRAM- IN PARTNERSHIP WITH THE GEORGIA MICRO ENTERPRISE NETWORK (GMEN), ESTABLISHED BY LOCAL INITIATIVES SUPPORT CORPORATION (LISC) WITH FUNDING FROM JPMORGAN CHASE, AWBI LAUNCHED A FLEXIBLE AND ACCESSIBLE LOAN PROGRAM FOR BLACK-OWNED SMALL BUSINESSES IN GEORGIA. THE PURPOSE OF THIS WORK IS TO DEPLOY SMALL BUSINESS LOANS UNDER THE FLEX FUND LOAN PROGRAM TO PROVIDE BLACK-OWNED SMALL BUSINESSES ACCESS TO CAPITAL. THE GOAL IS FOR ALL PARTNER ORGANIZATIONS TO STRENGTHEN AND EXPAND THEIR DEVELOPMENT IN GEORGIA THROUGH LENDING, TECHNICAL ASSISTANCE, AND JOINT OUTREACH ACTIVITIES WHILE SUPPORTING THE EXPANSION OF SMALL BUSINESSES.- JMPC ESTABLISHED THE ATLANTA ENTREPRENEURS OF COLOR FLEXIBLE LOAN FUND WITH LISC GEORGIA MICRO ENTERPRISE NETWORK, LATIN AMERICAN CHAMBER OF COMMERCE, MOREHOUSE INNOVATION & ENTREPRENEURSHIP CENTER THAT WILL DEPLOY $500K IN REVOLVING LOANS INTO THE ECOSYSTEM AT $10K AND $25K. ATLANTA EQUITABLE CAPITAL PROVIDER CONVENINGSTHROUGHOUT 2022, AWBI COORDINATED THE "EQUITABLE CAPITAL PROVIDER CONVENINGS," A SERIES OF GATHERINGS WITH A DIVERSE GROUP OF CAPITAL PROVIDER STAKEHOLDERS INCLUDING TRADITIONAL BANKS, CDFIS, IMPACT FUNDS, ANGEL INVESTORS, AND PHILANTHROPIC INSTITUTIONS TO DISCUSS SOLUTIONS AND PRODUCTS NEEDED TO IMPROVE ACCESS TO CAPITAL AND BUILD A MORE COHESIVE ENTREPRENEURIAL CAPITAL ECOSYSTEM FOR BLACK ENTREPRENEURS IN ATLANTA. AWBI LED THE COORDINATION AND IMPLEMENTATION OF VIRTUAL CONVENINGS TO DISCUSS SOLUTIONS AND PRODUCTS NEEDED THROUGHOUT THE SOUTH TO SUPPORT WEALTH CREATION IN BLACK COMMUNITIES. THESE DISCUSSIONS WERE ROOTED IN LOCAL RACIAL WEALTH GAP DATA, RESEARCH RELATED TO MICRO AND MACRO INVESTMENTS.BLACK BUSINESS ROUNDTABLEIN 2022, AWBI ALSO HOSTED FOCUS GROUP SESSIONS WITH BLACK BUSINESS OWNERS AT THE AWBI BLACK BUSINESS ROUNDTABLE TO DISCUSS THEIR EXPERIENCE SEEKING CAPITAL IN ATLANTA. THE OUTCOME WAS A RANGE OF COLLABORATIVE SOLUTIONS TO CLOSE THE CAPITAL ECOSYSTEM GAPS IN ATLANTA INCLUDING:- DIVERSITY OF NETWORKING OPPORTUNITIES BASED ON BUSINESS SIZE, STAGE AND NEEDED RESOURCES AND SPACE FOR ENTREPRENEURS TO CONNECT AND CREATE NETWORKS WITH OTHERS IN THE SAME STAGE OF BUSINESS;- CREATE NETWORKING OPPORTUNITIES THAT CREATE VIABLE OPPORTUNITIES FOR LARGE CONTRACTS NEEDED TO SCALE;- DEVELOPMENT OF A PIPELINE OF SERVICES AVAILABLE TO ENTREPRENEURS AS THEY GROW;- CREATE ACCESS TO DECISION-MAKERS, POLICYMAKERS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WEALTH BUILDING THROUGH EMPLOYEE OWNERSHIPIN THE ATLANTA METRO REGION, ACCORDING TO A STUDY BY PROJECT EQUITY, 28,943 BUSINESSES ARE 20 YEARS OLD OR OLDER, ACCOUNTING FOR OVER $163 BILLION IN REVENUE. IN MAY 2022, AWBI, IN PARTNERSHIP WITH PROJECT EQUITY AND MOREHOUSE COLLEGE, LAUNCHED AN INITIATIVE TO RETAIN BLACK-OWNED LEGACY BUSINESSES, PRESERVE JOBS IN ATLANTA, BOLSTER THE LOCAL ECONOMY, AND GENERATE WEALTH AS BUSINESS OWNERS RETIRE. THE INITIATIVE PRESENTS AN OPPORTUNITY TO THE NEARLY HALF OF BUSINESS OWNERS IN THE REGION BEGINNING TO RETIRE. BY SELLING BUSINESSES TO THEIR EMPLOYEES, OWNERS CAN PRESERVE THEIR LEGACIES, KEEP COMPANIES ROOTED IN THE LOCAL ECONOMY, AND SUSTAIN QUALITY JOBS. IN THE ATLANTA METRO REGION, EMPLOYEE OWNERSHIP CAN HELP CLOSE THE RACIAL WEALTH GAP BY PROVIDING MANY MORE BLACK OR AFRICAN AMERICAN WORKERS THE OPPORTUNITY TO PARTICIPATE IN AND BENEFIT FROM BUSINESS OWNERSHIP. TO ADVANCE A BROAD UNDERSTANDING OF EMPLOYEE OWNERSHIP AS A VIABLE WEALTH BUILDING STRATEGY, IN 2022, AWBI:- FACILITATED LISTENING SESSIONS TO DISCUSS NEEDS IN THE ATLANTA ECOSYSTEM WITH THE COMMUNITY OF PRACTICE, WITH 100 BUSINESS-SERVING AND WEALTH BUILDING ORGANIZATIONS IN ATTENDANCE. AWBI IS CRAFTING A COMPREHENSIVE PARTNERSHIP AGREEMENT WITH PROJECT EQUITY TO SUPPORT A COMPREHENSIVE SHARED OWNERSHIP PILOT IN ATLANTA.- HOSTED PROJECT EQUITY AS PART OF THE COMMUNITY WEALTH BUILDING COMMITMENT SERIES TO SHARE THE COLLECTIVE BENEFITS OF EMPLOYEE OWNERSHIP. PROJECT EQUITY GUESTS INCLUDED: EVAN EDWARDS, CHIEF EXECUTIVE OFFICER AND TERRON FERGUSON, BLACK EMPLOYEE OWNERSHIP INITIATIVE.EXPANDING ACCESS TO CAPITAL FOR ATLANTA'S "MISSING MIDDLE"THE ATLANTA WEALTH BUILDING INITIATIVE'S (AWBI) EQUITABLE ENTREPRENEURIAL CAPITAL ECOSYSTEM ASSESSMENT, PUBLISHED IN 2021, NOTES THERE IS A $9-12 BILLION GAP IN FUNDING ANNUALLY IN THE ATLANTA MARKET FOR SMALL BUSINESSES BECAUSE OF STRUCTURAL BARRIERS TO ACCESSING CONVENTIONAL EQUITY AND DEBT. BASED ON THE FINDINGS OF THE ASSESSMENT, WHICH HIGHLIGHTS THAT THESE CAPITAL GAPS LEAVE A VAST AND GROWING "MISSING MIDDLE" OF PROMISING SMALL BUSINESSES THAT STRUGGLE TO ACCESS CREDIT, THE GOATL ECONOMIC INCLUSION FUND (GEI FUND), DEVELOPED BY THE COMMUNITY FOUNDATION FOR GREATER ATLANTA, WAS DESIGNED TO PROVIDE A UNIQUE SOURCE OF GROWTH CAPITAL TO THESE BUSINESSES, AIMING TO CLOSE GAPS IN ACCESS TO CAPITAL BOTH BY INVESTING IN MARGINALIZED ENTREPRENEURS AND BOLSTERING THE WORK OF ENTREPRENEUR SERVICE ORGANIZATIONS. THE GEI FUND LAUNCHES IN 2023 WITH A TOTAL CAPITAL GOAL OF $25 MILLION, TO INCLUDE $20 MILLION IN INVESTMENT CAPITAL AND $5 MILLION IN PHILANTHROPIC CAPITAL, WHICH WILL BE USED FOR ESO GRANTS AND TO FUND A LOAN LOSS RESERVE FOR THE FUND.OTHER IMPACT AREASPOLICY: HOUSE BILL 78, THE GA ECONOMIC GROWTH ACTIN FEBRUARY 2022, AWBI COLLABORATED WITH URBAN LEAGUE OF GREATER ATLANTA CEO, NANCY FLAKE JOHNSON, REPRESENTATIVE ROGER BRUCE, AND 26 SISTER ORGANIZATIONS TO ADVOCATE FOR THE PASSAGE OF HB 78 BLL, THE GA ECONOMIC GROWTH ACT. THE BILL PUSHES TO ESTABLISH A STATE OF GA OFFICE OF SUPPLIER DIVERSITY THAT WILL HOUSE A MINORITY AND WOMEN-OWNED BUSINESS ENTERPRISES STATE-WIDE ADVOCATE. IF PASSED, THE BILL WILL OPEN THE DOOR FOR GREATER PARTICIPATION BY MBEW'S IN STATE CONTRACTS. WHILE THE BILL FAILED TO GET A VOTE IN THE HOUSE GOVERNMENTAL AFFAIRS COMMITTEE AND DIED IN THE 2022 LEGISLATIVE SESSION, AWBI AND OUR PARTNERS ARE WAITING FOR THE ACT TO BE REINTRODUCED IN 2024. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,101,035 | 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 | Yes (1) | 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 | 20 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 9 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | 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 | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | 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 | GA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| 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 | COURTNEY COLLINS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4045371831 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 504 FAIR STREET | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30313 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| ALAN FERGUSON | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DALE ROYAL | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES WAHLS | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JANELLE WILLIAMS | ||||||
| PRESIDENT/CEO | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JON THOMPSON | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LESLEY GRADY | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| NONET SYKES | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| RONALD GALVIN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TENE TRAYLOR | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| WILL LAMBE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOLI COOPER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANNE KAISER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| AMY LANCASTER-KING | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| RAY PENNIE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| AMY RUSSELL | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LATRESA MCLAWHORN RYAN | ||||||
| EXECUTIVE DIRECTOR | 40.00 | $154,200 | $0 | $14,316 | Yes (X) | |
| COURTNEY COLLINS | ||||||
| COO | 40.00 | $125,000 | $0 | $0 | Yes (X) | |
| KIM ANDERSON | ||||||
| INTERIM EXECUTIVE DIRECTOR | 40.00 | $50,706 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $329,906 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $14,316 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLAZE LEADERSHIP DEVELOPMENT LLC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 553 LAWTON BRIDGE ROAD SW | AddressLine1Txt |
| City | SMYRNA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30082 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | STRATEGIC CONSULTING | ServicesDesc |
| Compensation | $132,500 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,186,982 | AllOtherContributionsAmt |
| Total Contributions | $2,186,982 | TotalContributionsAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,186,982 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | 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 | $205,000 | TotalAmt |
| Program Services | $205,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329,907 | TotalAmt |
| Program Services | $187,876 | ProgramServicesAmt |
| Management And General | $84,562 | ManagementAndGeneralAmt |
| Fundraising | $57,469 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,260 | TotalAmt |
| Program Services | $175,549 | ProgramServicesAmt |
| Management And General | $79,013 | ManagementAndGeneralAmt |
| Fundraising | $53,698 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,700 | TotalAmt |
| Program Services | $3,246 | ProgramServicesAmt |
| Management And General | $1,461 | ManagementAndGeneralAmt |
| Fundraising | $993 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,095 | TotalAmt |
| Program Services | $10,305 | ProgramServicesAmt |
| Management And General | $4,638 | ManagementAndGeneralAmt |
| Fundraising | $3,152 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,633 | TotalAmt |
| Program Services | $26,557 | ProgramServicesAmt |
| Management And General | $11,953 | ManagementAndGeneralAmt |
| Fundraising | $8,123 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,362 | TotalAmt |
| Program Services | $4,681 | ProgramServicesAmt |
| Management And General | $4,681 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,144 | TotalAmt |
| Program Services | $45,072 | ProgramServicesAmt |
| Management And General | $45,072 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $345,667 | TotalAmt |
| Program Services | $246,641 | ProgramServicesAmt |
| Management And General | $99,026 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,880 | TotalAmt |
| Program Services | $26,940 | ProgramServicesAmt |
| Management And General | $26,940 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,440 | TotalAmt |
| Program Services | $30,269 | ProgramServicesAmt |
| Management And General | $16,171 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,925 | TotalAmt |
| Program Services | $58,372 | ProgramServicesAmt |
| Management And General | $14,553 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,578 | TotalAmt |
| Program Services | $3,793 | ProgramServicesAmt |
| Management And General | $7,785 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,614 | TotalAmt |
| Program Services | $42,891 | ProgramServicesAmt |
| Management And General | $10,723 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,310 | TotalAmt |
| Program Services | $1,048 | ProgramServicesAmt |
| Management And General | $262 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,287 | TotalAmt |
| Program Services | $2,630 | ProgramServicesAmt |
| Management And General | $657 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | $30,595 | $25,684 | $4,911 | |
| FUNDRAISING EXPENSE | $30,090 | $30,090 | ||
| MISCELLANEOUS | $5,600 | $4,481 | $1,119 | |
| STAFF DEVELOPMENT | $4,633 | $4,633 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,672,720 | TotalAmt |
| Program Services | $1,101,035 | ProgramServicesAmt |
| Management And General | $418,160 | ManagementAndGeneralAmt |
| Fundraising | $153,525 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,096,605 | BOYAmt |
| EOY | $2,128,707 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $995,000 | BOYAmt |
| EOY | $50,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,206 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,472 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $921 | BOYAmt |
| EOY | $5,734 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,092,526 | BOYAmt |
| EOY | $2,184,441 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,067 | BOYAmt |
| EOY | $4,720 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,000 | BOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $427,067 | BOYAmt |
| EOY | $4,720 | 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 | $972,959 | BOYAmt |
| EOY | $566,971 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $692,500 | BOYAmt |
| EOY | $1,612,750 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,665,459 | BOYAmt |
| EOY | $2,179,721 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,092,526 | BOYAmt |
| EOY | $2,184,441 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $514,262 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| 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 Minus2 Years | $1,919,839 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,273,444 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,186,982 | CurrentTaxYearAmt |
| Total | $6,380,265 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,919,839 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,273,444 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,186,982 | CurrentTaxYearAmt |
| Total | $6,380,265 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,695,975 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,684,290 | PublicSupportTotal170Amt |
| Total Support | $6,380,265 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,300 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $534 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $534 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | GRASSROOTS LOBBYING TO ADVOCATE FOR HB 78, THE GEORGIA ECONOMIC GROWTH ACT. | ExplanationTxt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,206 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,472 | DepreciationAmt |
| Book Value | $5,734 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,734 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,186,982 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,186,982 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,186,982 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,672,720 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,672,720 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,672,720 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, THE ORGANIZATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. 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, 2022 AND 2021, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| THE KE'NEKTGEORGIA MICRO ENTERPRISE NETWORK INC | ||||||||
| 504 FAIR ST SW | ATLANTA | GA | 30313 | 800030897 | 501(C)(3) | $40,000 | $0 | THE SUPPORT THREE "BANKING IN BLACK" EVENTS AIMED AT FOSTERING CONNECTIONS BETWEEN BLACK-OWNED BUSINESSES IN THE 30310 ZIP CODE AND LENDERS. THE GRANT FUNDS WILL ALSO BE USED FOR A TECHNICAL ASSISTANCE SUPPORT PROGRAM WHICH WILL CREATE OFFICE HOURS AT THE KE'NEKT WHERE BUSINESS OWNERS CAN RECEIVE EXPERT HELP IN COMPLETING GRANT AND LOAN APPLICATIONS. |
| THE URBAN OAK INITIATIVE | ||||||||
| 352 UNIVERSITY AVE SW | ATLANTA | GA | 30310 | 431761803 | 501(C)(3) | $40,000 | $0 | TO SUPPORT THE BUILD OF A NEW 1,347 SQUARE FOOT COMMUNITY AND SMALL BUSINESS-BASED MEMBERSHIP SHARED COMMERCIAL KITCHEN AND FOOD HUB THAT WILL BE LOCATED INSIDE OF THE PITTSBURGH YARDS. |
| COMMUNITY MOVEMENT BUILDERS | ||||||||
| 790 WELCH ST SW | ATLANTA | GA | 30310 | 474653915 | 501(C)(3) | $40,000 | $0 | TO SUPPORT A COOPERATIVE AQUAPONIC AND SEA MOSS PROGRAM. THE GRANT TO BE USED FOR TECHNICAL SUPPORT, PRODUCTION FACILITY RENTAL SPACE, SUPPLIES, TRAINING, STIPEND FOR WORKER-OWNER, SALARY POSITION, BY-LAWS DEVELOPMENT, AND BUSINESS STRUCTURE SUPPORT. |
| PORTRAIT COFFEE LLC | ||||||||
| 1065 RALPH DAVID ABERNATHY BLVD SW | ATLANTA | GA | 30310 | 844444404 | $40,000 | $0 | TO SUPPORT THE BUILD OUT OF THE PORTRAIT COFFEE CAFE LOCATED IN THE HISTORIC LOTTIE WATKINS BUILDING (1065 RALPH DAVID ABERNATHY BLVD) | |
| RACIAL WEALTH TERROR STUDY KEITH ANN POWELL | ||||||||
| 880 GLENWOOD AVENUE SE UNIT 3352 | ATLANTA | GA | 30316 | 594480004 | $20,000 | $0 | DISCOVERY INTO THE LEGACY OF RACIAL TERROR AND ITS RELATIONSHIP TO THE GENERATIONAL WEALTH GAP IN THE CITY OF ATLANTA, WITH A HYPER-FOCUS ON THE LASTING EFFECTS ON THE QUALITY OF LIFE IN ATLANTA'S BLACK COMMUNITIES BASED ON THE FOLLOWING INDICATORS: DISTRIBUTION OF INCOME IN SOCIETY, LIFE EXPECTANCY, EDUCATION STANDARDS, HOUSING, SOCIAL INVESTMENT VS. PRESENT CONSUMPTION. | |
| SWIM LIFE FITNESS | ||||||||
| 721 MCGILL PARK AVENUE | ATLANTA | GA | 30312 | 834011034 | $25,000 | $0 | TO SUPPORT THE SENSORY H2O AQUATIC PROGRAM. | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 3 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LATRESA MCLAWHORN RYAN | PersonNm |
| Title | EXECUTIVE DIRECTOR | TitleTxt |
| Base Compensation Filing Org | $154,200 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $3,546 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $10,770 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $168,516 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | KIM ANDERSON, INTERIM EXECUTIVE DIRECTOR, AND LESLEY GRADY, BOARD DIRECTOR, HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS REVIEW THE POLICY ANNUALLY AND SIGN. |
| 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 | AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | OTHER CONTRACT LABOR: PROGRAM SERVICE EXPENSES 246,641. MANAGEMENT AND GENERAL EXPENSES 99,026. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 345,667. |
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