Overview

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Est.

2020

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Black Wealth Summit Inc, with EIN 85-2809001, is a nonprofit organization dedicated to financial counseling, aiming to create an inclusive wealth and financial educational experience that supports prosperity for Black lives. Operating with a budget of $242.8K and total revenue of $221.8K in 2024, the organization does not rely on a single funder for more than 50% of its revenue. More information can be found on their website at https://blackwealthsummit.com.

Mission Statement

To create an inclusive wealth and financial educational experience, uniquely designed to bring together champions and channels that will foster prosperity for Black lives.
Revenues
$221.8K
Expenses
$242.8K
Net Income:
-$21.1K
Assets
$123.9K
Liabilities
$328.2K
Net Assets:
-$204.3K
Operating Budget
$242.8K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$8.8K
Largest grant received
$10K
C
Cedric Nash
Board Member
R
Renea J Pierre
Board Member
M
Michael Robinson
Board Member

Frequently Asked Questions

What is Black Wealth Summit Inc’s budget?
In 2024, Black Wealth Summit Inc reported an annual operating budget of around $243 thousand. More detailed financial information is available to registered users.
What causes does Black Wealth Summit Inc support?
Black Wealth Summit Inc supports work in Financial counseling.
Where does Black Wealth Summit Inc operate?
Black Wealth Summit Inc is headquartered in Lanham, MD.
Who funded Black Wealth Summit Inc recently?
In 2024, Black Wealth Summit Inc received grants from KAISER FOUNDATION HEALTH PLAN OF THE MID-ATLANTIC STATES INC, CHARITIES AID FOUNDATION AMERICA, and The Chicago Community Trust. More information on this organization’s funders is available to registered users.
What is the largest grant Black Wealth Summit Inc received in 2024?
The largest grant to Black Wealth Summit Inc in 2024 exceeds $10 thousand.