Civic Intelligence

Black Resources Inc

990 • Fiscal year 2023 • EIN 20-3749850

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

Organization ProfileBlack Resources Inc
111 Perry St Ste 300-2Davenport, IA 52801

(563) 949-2489

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

$10,779

No earlier filing loaded for comparison.

Net Assets

$10,779

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin95th percentile

Revenue

$15,300

No earlier filing loaded for comparison.

Expenses

$4,521

No earlier filing loaded for comparison.

Net Income

$10,779

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15K$10K$5.0K$0Assets 2023: $10,779Liabilities 2023: $0Net Assets 2023: $10,7792023Assets 2024: $1,164Liabilities 2024: $0Net Assets 2024: $1,1642024

Highlighted filing

2023

Assets$10,779
Liabilities$0
Net Assets$10,779
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20K$10K$0-$10KRevenue 2023: $15,300Expenses 2023: $4,521Net Income 2023: $10,7792023Revenue 2024: $4,298Expenses 2024: $13,913Net Income 2024: -$9,6152024

Highlighted filing

2023

Revenue$15,300
Expenses$4,521
Net Income$10,779
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.1
Gross Receipts
$15,300
Mission and Program Overview

Mission

promoting healthy relationships between African Americans and all other races. Through construction of African American resources directory and website with cultural and historical significance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$10,779-
Rtn Earn Endowment Incm Other Fnds-$10,779-
Total Assets$0$10,779▲ $10,779
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$10,779▲ $10,779
Total Liabilities and Net Assets / Fund Balance$0$10,779▲ $10,779
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Elois WilsonPresident
Theresa JonesSecretary
Lauria MeadeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,300
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$10,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$638--$638
Office Expenses$132--$132
All Other Expenses$43--$43
Total Functional Expenses$4,521$0$0$4,521
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 11B

“handed out copies of the return and explained to members”

Form 990, Part VI, Section B, Line line 19

“forms are on line and in the office for viewing”

Filing and Contact Details

Filer

Filer Name
Black Resources Inc
EIN
20-3749850
In Care Of
% ELOIS WILSON
Phone
5639492489
Address
111 PERRY ST STE 300-2, Davenport, IA 52801

Signing Officer

Name
Elois Wilson
Title
President
Phone
5639492489
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elois Wilson
Formed
2005
Legal Domicile
Ia
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Fjl Business Conslutants LLC
Address
2020 1ST STREET A, MOLINE, IL 61265
Preparer
Franklin J Lashelle
Phone
3097975441
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-24
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ReturnHeader/ReturnTs02024-07-24T12:46:47-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,779
Liabilities
$0
Net assets
$10,779
Revenue
$15,300
Expenses
$4,521
Net income
$10,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$4.30$13.9$9.62
2023Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$15.3$4.52$10.8