2025-10-30T07:06:49-05:00 2024-12-31 521392008 GELMAN ROSENBERG AND FREEDMAN PC 4550 MONTGOMERY AVENUE SUITE 800N BETHESDA MD 20814 990 2024-01-01 521427774 ASSOCIATED BLACK CHARITIES INC C/O CHRIS THORNTON ASSO 4106590000 2 HAMILL ROAD EAST QUADRANGLE 302 BALTIMORE MD 21210 CHRIS THORNTON PRESIDENT AND CEO 4106590000 2025-10-30 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z CHRIS THORNTON 2 HAMILL ROAD EAST QUADRANGLE 302 BALTIMORE MD 21210 1872981 0 X WWW.ASSOCIATEDBLACKCHARITIES.ORG X 1986 MD SEE PART III, LINE 1. 19 19 17 35 0 0 1806700 1723967 285167 17557 113316 41457 0 -185333 2205183 1597648 0 0 0 0 944644 821316 0 0 79252 930141 761005 1874785 1582321 330398 15327 2875473 2837293 444220 304382 2431253 2532911 X ASSOCIATED BLACK CHARITIES ABC IS A RACIAL EQUITY ORGANIZATION THAT WORKS AS AN EDUCATOR ADVOCATE SUPPORTER AND CONVENER TO ADDRESS AND ELIMINATE THE BARRIERS CREATED BY STRUCTURAL RACISM AND TO ADVANCE LONG-TERM SOLUTIONS THAT CREATE NEW OPPORTUNITIES FOR BLACK PEOPLE TO THRIVE. AS A CATALYST FOR RACIAL AND ECONOMIC EQUITY ABC EMPOWERS BLACK COMMUNITIES BY ADDRESSING SYSTEMIC BARRIERS TO OPPORTUNITY. THROUGH ADVOCACY EDUCATION LEADERSHIP DEVELOPMENT AND STRATEGIC PARTNERSHIPS ABC STRIVES TO ELIMINATE DISPARITIES IN ACCESS TO RESOURCES. 0 0 262195 COMMUNITY CONVERSATIONS: COMMUNITY CONVOS ARE ABC'S SIGNATURE DIALOGUE SPACES WHERE RESIDENTS, ADVOCATES, AND LEADERS COME TOGETHER TO CONFRONT THE ISSUES SHAPING LIFE IN BALTIMORE. ROOTED IN HONESTY, CULTURE, AND CARE, THESE CONVERSATIONS ARE DESIGNED TO AMPLIFY COMMUNITY VOICES AND CREATE SPACE FOR STORIES THAT ARE OFTEN SILENCED OR IGNORED. EACH SESSION CENTERS LIVED EXPERIENCE - WHETHER ADDRESSING HOUSING INSECURITY, HEALTHCARE DISPARITIES, EDUCATION, OR ECONOMIC OPPORTUNITY - AND PLACES THOSE MOST IMPACTED AT THE HEART OF THE DIALOGUE. 110637 ABC ACADEMY: OUR LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO EMPOWER INDIVIDUALS WITH TOOLS AND TRAINING FOCUSED ON RACIAL EQUITY LEADERSHIP AND PROFESSIONAL GROWTH. THE ACADEMY HAS BEEN INSTRUMENTAL IN TRAINING BLACK LEADERS TO DRIVE CHANGE IN THEIR FAMILIES WORKPLACE AND COMMUNITIES. 109879 RACIAL EQUITY TRAINING: ABC'S RACIAL EQUITY PROGRAMMING PROVIDES TOOLS, TRAINING, AND THOUGHT LEADERSHIP TO DISMANTLE SYSTEMIC BARRIERS AND BUILD PATHWAYS TOWARD EQUITY IN WORKPLACES, COMMUNITIES, AND INSTITUTIONS. THROUGH THE ABC ACADEMY, EQUITY AT WORK WEBINARS, AND TAILORED RACIAL EQUITY TRAINING SESSIONS, WE EQUIP ORGANIZATIONS, LEADERS, AND EVERYDAY PEOPLE WITH THE KNOWLEDGE AND FRAMEWORKS TO UNDERSTAND INEQUITIES, RECOGNIZE THEIR ROLE IN PERPETUATING OR CHALLENGING THEM, AND IMPLEMENT PRACTICES THAT DRIVE SYSTEMIC CHANGE. THROUGH THIS WORK, ABC NURTURES A CITYWIDE AND STATEWIDE CULTURE OF EQUITY, PREPARING LEADERS AT EVERY LEVEL TO NOT JUST NAME INJUSTICE, BUT TO DISRUPT IT AND DESIGN INSTITUTIONS THAT SERVE EVERYONE. 69716 3152 EQUITY IN ACTION CONFERENCE: THIS ANNUAL EVENT CONVENES COMMUNITY LEADERS POLICYMAKERS AND ADVOCATES TO DISCUSS STRATEGIES FOR EMBEDDING EQUITY IN ALL AREAS OF PUBLIC LIFE. IT IS A CORNERSTONE OF OUR WORK IN BALTIMORE OFFERING ACTIONABLE INSIGHTS AND TOOLS FOR CHANGE. 51530 TEEN FINANCIAL LITERACY SUMMIT: DESIGNED TO EQUIP BLACK YOUTH WITH THE FINANCIAL KNOWLEDGE AND SKILLS NEEDED FOR LONG-TERM SUCCESS THIS SUMMIT IS A CRITICAL PART OF OUR WORK IN EMPOWERING THE NEXT GENERATION. 38647 7375 MEN'S NIGHT OUT 71990 THE COOKOUT 43194 7030 WOMEN ON THE MOVE 275077 17557 757788 1 1 0 0 0 1 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X CHRIS THORNTON 4106590000 2 HAMILL ROAD EAST QUADRANGLE 302 BALTIMORE MD 21210 TAWANA BHAGWAT IMMEDIATE PAST CHAIRPERSON 1.00 X X 0 0 0 TONY TORAIN II CHAIRPERSON 1.00 X X 0 0 0 CYLIA LOWE-SMITH 1ST VICE CHAIRPERSON 1.00 X X 0 0 0 GRANVILLE TEMPLETON III 2ND VICE CHAIRPERSON 1.00 X X 0 0 0 CHRISTOPHER R ROCKEY TREASURER 1.00 X X 0 0 0 ZED SMITH SECRETARY 1.00 X X 0 0 0 ALLYSON BLACK DIRECTOR 1.00 X 0 0 0 DANIELLE C BROWN DIRECTOR 1.00 X 0 0 0 MICHELLE M BROWN DIRECTOR 1.00 X 0 0 0 NATASHA M DARTIGUE DIRECTOR 1.00 X 0 0 0 BYRON T DEESE DIRECTOR 1.00 X 0 0 0 JEAN-CLAUDE FRESNEL JR DIRECTOR 1.00 X 0 0 0 BRANDON LOCKETT DIRECTOR 1.00 X 0 0 0 THIBAULT MANEKIN DIRECTOR 1.00 X 0 0 0 TYLER MAYS DIRECTOR 1.00 X 0 0 0 KISHKA F MCCLAIN DIRECTOR 1.00 X 0 0 0 JASON MURPHY DIRECTOR 1.00 X 0 0 0 TABER J SMALL DIRECTOR 1.00 X 0 0 0 ROBERT RA TURNER DIRECTOR 1.00 X 0 0 0 CHRIS THORNTON PRESIDENT AND CEO 40.00 X 260829 0 12518 BERNARD SIMS DIRECTOR OF CULTURE & COMMUNITY 40.00 X 106729 0 9038 CYNTHIA TODD DIRECTOR OF OPERATIONS 40.00 X 106336 0 8815 473894 0 30371 2 0 1 0 0 100000 325754 299277 998936 1723967 REGISTRATION FEES 900099 17557 17557 17557 41457 41457 90000 325754 275333 -185333 -185333 1597648 17557 0 -143876 273347 205010 54670 13667 442491 276133 160683 5675 9407 5794 3515 98 33225 21810 10671 744 62846 40891 20333 1622 67423 67423 10070 10070 63086 63086 3378 3378 132574 31645 98968 1961 49604 49604 127715 16779 110311 625 21540 827 20713 91834 91834 7505 7505 8627 8627 DUES & SUBSCRIPTIONS 148402 49 94465 53888 STAFF DEVELOPMENT 6460 462 5798 200 PAYROLL FEES 3541 2375 1072 94 REPAIRS AND MAINTENANCE 2687 858 1829 16559 235 15646 678 1582321 757788 745281 79252 1488251 664932 703590 33500 150000 26838 13994 95871 71722 31654 24149 946053 992613 349177 288015 2875473 2837293 80902 7235 12500 10000 350818 287147 444220 304382 X 2431253 2382911 150000 2431253 2532911 2875473 2837293 15327 86331 0 X 0 1 X 1 0 X 19944869 14821641 5077315 1806700 1723967 43374492 19944869 14821641 5077315 1806700 1723967 43374492 43374492 97192 37366 -186330 113316 41457 103001 227818 484069 0 711887 44189380 302724 0.98160 0.99700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 8262 3163 5099 60108 54743 5365 27501 13816 13685 24149 RIGHT OF USE ASSET 281379 DEPOSITS 6636 288015 OPERATING LEASE LIABILITY 287147 287147 1949242 86331 275333 361664 1587578 10070 10070 1597648 1847584 275333 275333 1572251 10070 10070 1582321 PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES INCLUDED WITH EXPENSES ON THE 275,333. AUDITED FINANCIAL STATEMENTS AND NET AGAINST REVENUE ON THE FORM 990, PART VIII. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES INCLUDED WITH EXPENSES ON THE 275,333. AUDITED FINANCIAL STATEMENTS AND NET AGAINST REVENUE ON THE FORM 990, PART VIII. GALA 415754 325754 90000 50357 151070 48500 25406 415754 325754 90000 50357 151070 48500 25406 275333 -185333 X 0 0 0 0 0 0 0 1 0 CHRIS THORNTON PRESIDENT AND CEO 245829 0 15000 0 0 0 6518 0 6000 0 273347 0 0 0 PART I, LINE 7 CHRIS THORNTON RECEIVED A $15,000 PERFORMANCE-BASED BONUS IN 2024. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990 IN DETAIL BEFORE PRESENTING IT TO THE BOARD OF DIRECTORS FOR FEEDBACK. AFTER ANY ADJUSTMENTS THE FULL BOARD APPROVES THE FINAL VERSION PRIOR TO FILING. THIS ENSURES TRANSPARENCY AND ACCOUNTABILITY IN REPORTING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO SIGN A CONFLICT-OF-INTEREST POLICY AT THE BEGINNING OF THEIR TERM AND AT THE START OF EACH CALENDAR YEAR. AN ANNUAL REVIEW IS CONDUCTED TO CONFIRM COMPLIANCE AND ANY POTENTIAL CONFLICTS ARE DISCLOSED TO THE EXECUTIVE COMMITTEE WHICH ADDRESSES THEM AS NEEDED. THIS PROCESS ENSURES THAT DECISIONS ARE MADE IN THE BEST INTEREST OF THE ORGANIZATION. TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST, DIRECTORS, COMMITTEE MEMBERS, AND STAFF ANNUALLY SUBMIT DISCLOSURE STATEMENTS TO THE BOARD CHAIR AND CEO OF ASSOCIATED BLACK CHARITIES. THESE STATEMENTS OUTLINE ANY ANTICIPATED OR POTENTIAL CONFLICTS, INCLUDING CURRENT BOARD AFFILIATIONS AND INTERESTS IN FOR-PROFIT VENDORS ENGAGED BY THE ORGANIZATION. IN ADDITION TO THE ANNUAL DISCLOSURE, ANY DIRECTOR, COMMITTEE MEMBER, OR STAFF MEMBER MUST DISCLOSE POTENTIAL CONFLICTS RELATED TO MATTERS UNDER CONSIDERATION DURING RELEVANT MEETINGS. THEY MUST REFRAIN FROM VOTING OR USING PERSONAL INFLUENCE ON SUCH MATTERS. MEETING MINUTES WILL DOCUMENT THAT THE INDIVIDUAL DID NOT VOTE. IF A CONFLICT IS PRESENT, THE AFFECTED BOARD OR COMMITTEE MEMBER MAY REMAIN IN THE ROOM TO ANSWER FACTUAL QUESTIONS BUT MUST ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A ABC'S EXECUTIVE COMMITTEE COMPOSED OF INDEPENDENT DIRECTORS REVIEWS THE PRESIDENT AND CEO'S COMPENSATION ANNUALLY BASED ON PERFORMANCE OBJECTIVES MARKET DATA AND ORGANIZATIONAL ACHIEVEMENTS. RECOMMENDATIONS ARE BROUGHT TO THE FULL BOARD FOR APPROVAL AND THE PROCESS IS DOCUMENTED IN BOARD MEETING MINUTES. THE LAST COMPENSATION REVIEW TOOK PLACE IN NOVEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 ABC PUBLISHES ITS ANNUAL FINANCIAL STATEMENTS GOVERNING DOCUMENTS AND FORM 990 ON ITS WEBSITE. THE CONFLICT-OF-INTEREST POLICY IS AVAILABLE UPON REQUEST AND DIGITAL COPIES OF THE FORM 990 ARE ALSO PROVIDED TO GUIDESTAR.ORG.