2025-11-17T10:22:10-06:00 2024-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2024-01-01 833790370 BLACK ECONOMIC ALLIANCE FOUNDATION BLAC 2027886888 1032 15TH STREET NW 247 WASHINGTON DC 20005 SAMANTHA TWEEDY CHIEF EXECUTIVE OFFICER 2027886888 2025-11-17 1 1 TIANA WYNN P00997288 4105840060 2024 2025-03-06 01:10:19Z SAMANTHA TWEEDY 1032 15TH STREET NW 247 WASHINGTON DC 20005 23110598 0 X FOUNDATION.BLACKECONOMICALLIANCE.ORG X 2019 DC THE ORGANIZATION FOCUSES ON ADVANCING ECONOMIC PROGRESS IN BLACK COMMUNITIES BY SUPPORTING RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY. 12 12 0 12 0 0 7925895 22265062 0 0 0 297446 46153 328873 7972048 22891381 8714000 2347267 0 0 758396 1995710 0 0 396938 2966168 4471356 12438564 8814333 -4466516 14077048 15708685 28908498 3604406 2727171 12104279 26181327 THE ORGANIZATION FOCUSES ON ADVANCING ECONOMIC PROGRESS IN BLACK COMMUNITIES BY SUPPORTING RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY. 0 0 4511688 677267 FOUNDATION WORKED TO SUPPORT RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY. 2971713 1670000 CENTER FOR BLACK ENTREPRENEURSHIP - THE BLACK ECONOMIC ALLIANCE FOUNDATION, SPELMAN COLLEGE, AND MOREHOUSE COLLEGE HAVE PARTNERED TO DEVELOP THE CENTER FOR BLACK ENTREPRENEURSHIP (CBE), THE FIRST-EVER ACADEMIC CENTER OF ITS KIND TO PRODUCE, TRAIN, AND SUPPORT A NEW CLASSOF BLACK ENTREPRENEURIAL TALENT.THE CBE SEEKS TO ELIMINATE THE ACCESS BARRIER BETWEEN BLACK ENTREPRENEURS, PROFESSIONAL INVESTORS, AND BUSINESS BUILDERS BY LEVERAGING EDUCATION, MENTORSHIP, ACCESS TO CAPITAL, AND OPPORTUNITY. 7483401 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 57 0 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 1 1 DC X THE ORGANIZATION 2027886888 1032 15TH STREET NW 247 WASHINGTON DC 20005 X N ANTHONY COLES JR DIRECTOR, PRESIDENT 6.00 4.00 X X 0 0 0 VICKI PALMER DIRECTOR,TREASURER 4.90 4.10 X X 0 0 0 CHARLES PHILLIPS DIRECTOR, SECRETARY 6.00 4.00 X X 0 0 0 TIA BREAKLEY DIRECTOR, ASST TREASURER 2.40 1.60 X X 0 0 0 KNEELAND YOUNGBLOOD DIRECTOR 1.20 0.80 X 0 0 0 ROBYN COLES DIRECTOR 6.00 4.00 X 0 0 0 DEVAL PATRICK DIRECTOR 1.20 0.80 X 0 0 0 BRODERICK JOHNSON DIRECTOR 1.20 0.80 X 0 0 0 MATTIE MCFADDEN-LAWSON DIRECTOR 0.70 1.30 X 0 0 0 RICHELIEU DENNIS DIRECTOR 0.70 1.30 X 0 0 0 BENEREE WILEY DIRECTOR 0.70 1.30 X 0 0 0 ROSALIND BREWER DIRECTOR 0.70 1.30 X 0 0 0 SAMANTHA TWEEDY CHIEF EXECUTIVE DIRECTOR 34.00 6.00 X 0 451423 33176 ALAINA BEVERLY EXECUTIVE VICE PRESIDENT 40.00 0.00 X 0 241447 30557 0 692870 63733 0 0 1 0 WM EVENTS INC 767 TRABERT AVENUE NW ATLANTA GA 30318 EVENT PLANNING 316630 THE URBAN INSTITUTE 500 LENFANT PLAZA SW WASHINGTON DC 20024 POLICY AND RESEARCH CONSULTANTS 300000 CLARK LAWRENCE CONSULTING 333 EAST 30TH STREET UNIT 12L NEW YORK CITY NY 10016 FUNDRAISING CONSULTANTS 238950 THE JENKINS GROUP LLC 57 FRONT STREET APT 306 BROOKLYN HEIGHTS NY 11201 POLICY AND RESEARCH CONSULTANTS 238000 CONVENE AT 121 AVE OF AMERICAS LLC 101 GREENWICH STREET FLOOR 5 NEW YORK CITY NY 10006 VENUE RENTAL 202709 5 80000 22185062 22265062 297446 297446 0 80000 219217 -219217 -219217 MANAGEMENT FEES 561000 548090 548090 548090 22891381 0 0 626319 X 1927267 1927267 420000 420000 456996 448779 4789 3428 1288175 903189 251783 133203 155814 98324 50022 7468 94725 75345 14399 4981 89974 26388 62800 786 237478 237478 2908294 2515432 161249 231613 57182 13749 43396 37 281758 237682 41123 2953 191897 177961 5510 8426 607021 605124 422 1475 20054 23 17463 2568 77698 34138 43560 8814333 7483401 933994 396938 12887338 25788566 2797000 2400076 548090 15847 145775 8500 25991 15708685 28908498 413162 454008 2650000 1550000 30000 75000 511244 648163 3604406 2727171 X 7668747 7687251 4435532 18494076 12104279 26181327 15708685 28908498 14077048 0 X X 0 1 X 1 0 X 3096213 5116564 21147838 7925895 22265062 59551572 3096213 5116564 21147838 7925895 22265062 59551572 59551572 297446 297446 1038816 1038816 60887834 0.97810 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED ENTITY BEA 647962 DUE TO OTHER ENTITIES 201 648163 X 23868144 757546 219217 976763 22891381 0 22891381 9791096 757546 219217 976763 8814333 0 8814333 PART X, LINE 2: THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS THE SOLE MEMBER OF THE LLC, WHICH IS A TAXABLE ENTITY UNDER THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS, OR WHICH MAY HAVE ANY EFFECT ON THEIR TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2022 THROUGH 2024 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION AND THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE FOUNDATION ENTITIES FILED TAX RETURNS. IT IS THE FOUNDATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EVENT EXPENSES 219,217. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EVENT EXPENSES 219,217. X X X 0 MARTHA'S VINEYARD 80000 80000 13500 21343 34717 149656 80000 80000 13500 21343 34717 149656 219216 -219216 1 SPELMAN COLLEGE 350 SPELMAN LANE ATLANTA GA 30314 580566243 501(C)3 1250000 0 FMV TO SUPPORT THE CENTER FOR BLACK ENTREPRENEURSHIP BLACK ECONOMIC ALLIANCE (C4) 1032 15TH STREET NW SUITE 247 WASHINGTON DC 20005 824578595 501(C)4 179887 0 FMV NONPARTISAN ACTIVITY AND POLLING RELATED TO ECONOMIC OPPORTUNITIES FOR BLACK AMERICANS BLACK ECONOMIC ALLIANCE (C4) 1032 15TH STREET NW SUITE 247 WASHINGTON DC 20005 824578595 501(C)4 50000 0 FMV NONPARTISAN ACTIVITY AND POLLING RELATED TO ECONOMIC OPPORTUNITIES FOR BLACK AMERICANS BLACK ECONOMIC ALLIANCE (C4) 1032 15TH STREET NW SUITE 247 WASHINGTON DC 20005 824578595 501(C)4 200000 0 FMV NONPARTISAN ACTIVITY AND POLLING RELATED TO ECONOMIC OPPORTUNITIES FOR BLACK AMERICANS VOTE TO LIVE ACTION FUND 611 PENNSYLVANIA AVENUE SE 143 WASHINGTON DC 20003 993917352 501(C)4 247380 0 FMV TO FUND SECTION 501(C)(3) - PERMISSIBLE ACTIVITIES 1 4 GRANTS TO CBE FELLOWS TO CONDUCT RESEARCH 24 420000 PART I, LINE 2: THE ORGANIZATION MONITORED USE OF GRANT FUNDS THROUGH REGULAR COMMUNICATION WITH THE GRANTEE ORGANIZATIONS. X X X 0 0 0 0 0 0 0 0 0 SAMANTHA TWEEDY CHIEF EXECUTIVE DIRECTOR 0 451423 0 0 0 0 0 10350 0 22826 0 484599 0 0 ALAINA BEVERLY EXECUTIVE VICE PRESIDENT 0 241447 0 0 0 0 0 7950 0 22607 0 272004 0 0 FORM 990, PART VI, SECTION A, LINE 2 N. ANTHONY COLES JR AND ROBYN COLES: FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL REVIEW FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE TO THE BOARD ANY FINANCIAL INTEREST IN WHICH THE OFFICER OR DIRECTOR DIRECTLY OR INDIRECTLY HAS IN ANY PERSON OR ENTITY WHICH IS A PARTY TO A TRANSACTION UNDER CONSIDERATION BY THE BOARD. THE INTERESTED DIRECTOR OR OFFICER IS REQUIRED TO ABSTAIN FROM VOTING ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S INDEPENDENT DIRECTORS APPROVE THE COMPENSATION OF THE CEO AND THE EXECUTIVE VICE PRESIDENT OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE FOR INSPECTION AND COPYING ALL DOCUMENTS REQUIRED TO BE MADE PUBLICLY AVAILABLE. PART VII, LINE 1 AND 2 THE FOUNDATION SHARES STAFF AND CERTAIN OTHER EXPENSES WITH BLACK ECONOMIC ALLIANCE ("BEA" EIN: 82-4578595), AN IRC SECTION 501(C)(4) ORGANIZATION, PURSUANT TO A WRITTEN COST-SHARING AGREEMENT. UNDER THE AGREEMENT, BEA EMPLOYEES CONDUCT ACTIVITIES ON BEHALF OF THE FOUNDATION, AND THE FOUNDATION PAYS BEA FOR ITS SHARE OF RELEVANT EXPENSES, INCLUDING PAYROLL COSTS. FORM 990, PART IX, LINE 11G CONSULTANTS AND PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 2,515,432. MANAGEMENT AND GENERAL EXPENSES 161,249. FUNDRAISING EXPENSES 231,613. TOTAL EXPENSES 2,908,294. FORM 990, PART XII, LINE 2C: THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEAR. BLACK ECONOMIC ALLIANCE FUND 1032 15TH STREET NW STE 247 WASHINGTON DC 20005 824590454 POLITICAL COMMITTEE DC 527 BLACK ECONOMIC ALLIANCE 1 BLACK ECONOMIC ALLIANCE PAC 1032 15TH STREET NW STE 247 WASHINGTON DC 20005 824614502 POLITICAL COMMITTEE DC 527 BLACK ECONOMIC ALLIANCE 1 BLACK ECONOMIC ALLIANCE 1032 15TH STREET NW STE 247 WASHINGTON DC 20005 824578595 SOCIAL WELFARE DC 501(C)(4) BLACK ECONOMIC ALLIANCE 1 BLACK ECONOMIC ALLIANCE VENTURES LLC 1032 15TH STREET NW STE 247 WASHINGTON DC 20005 933676186 PROVIDE CERTAIN INVESTMENT, ADMINISTRATIVE, FINANCIAL AND ADVISORY SERVICES DC BLACK ECONOMIC ALLIANCE C 1048090 1048190 1.00000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 BLACK ECONOMIC ALLIANCE N 10635 FMV BLACK ECONOMIC ALLIANCE B 429887 FMV BLACK ECONOMIC ALLIANCE O 1066016 FMV BLACK ECONOMIC ALLIANCE P 1566671 FMV