Civic Intelligence

Tarik Black Foundation Inc.

990 • Fiscal year 2019 • EIN 81-5234388

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 03, 2020

Organization ProfileTARIKBLACKFOUNDATION.ORG
538 Dr Martin Luther King Jr AveMemphis, TN 38126

(901) 485-5425

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

97th percentile

$84,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 44.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

40th percentile

-2.1%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

9.9%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$118,143

Down $2,487 (-2.1%) from 2018

Net Assets

Up

$118,143

Up $6,622 (+5.9%) from 2018

Liabilities

Down

$0

Down $9,109 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin70th percentile

Revenue

Up

$188,375

Up $16,901 (+9.9%) from 2018

Expenses

Down

$160,395

Down $58,853 (-27%) from 2018

Net Income

Up

$27,980

Up $75,754 (+159%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$200K$150K$100K$50K$0Assets 2017: $162,717Liabilities 2017: $3,422Net Assets 2017: $159,2952017Assets 2018: $120,630Liabilities 2018: $9,109Net Assets 2018: $111,5212018Assets 2019: $118,143Liabilities 2019: $0Net Assets 2019: $118,1432019Assets 2020: $70,339Liabilities 2020: $7,179Net Assets 2020: $63,1602020Assets 2021: $34,945Liabilities 2021: $1,984Net Assets 2021: $32,9612021Assets 2022: $21,361Liabilities 2022: $55Net Assets 2022: $21,3062022Assets 2023: $6,041Liabilities 2023: $267Net Assets 2023: $5,7742023Assets 2024: $12,209Liabilities 2024: $113Net Assets 2024: $12,0962024

Highlighted filing

2019

Assets$118,143
Liabilities$0
Net Assets$118,143
Open 2019 Filing

Operations Trend

Revenue Growth62nd percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $334,862Expenses 2017: $175,567Net Income 2017: $159,2952017Revenue 2018: $171,474Expenses 2018: $219,248Net Income 2018: -$47,7742018Revenue 2019: $188,375Expenses 2019: $160,395Net Income 2019: $27,9802019Revenue 2020: $84,432Expenses 2020: $139,415Net Income 2020: -$54,9832020Revenue 2021: $91,985Expenses 2021: $122,184Net Income 2021: -$30,1992021Revenue 2022: $80,762Expenses 2022: $92,417Net Income 2022: -$11,6552022Revenue 2023: $60,851Expenses 2023: $76,383Net Income 2023: -$15,5322023Revenue 2024: $48,060Expenses 2024: $41,738Net Income 2024: $6,3222024

Highlighted filing

2019

Revenue$188,375
Expenses$160,395
Net Income$27,980
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 3, 2020
Return Version
2019v5.0
Gross Receipts
$188,375
Mission and Program Overview

Mission

Our mission is to elevate understanding in the areas of Global Diversity, Wealth Creation, Healthy Habits, and the Impact of Technology by providing youth access to practical information through exposure to the real world.

Inspire youth and prepare them to become successful adults ready to work in their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$115,297$97,722▼ $17,575
Intangible Assets$4,109$19,386▲ $15,277
Land, Buildings, and Equipment, Net$1,224$1,035▼ $189
Total Assets$120,630$118,143▼ $2,487
Liabilities
Accounts Payable and Accrued Expenses$-9,109--
Total Liabilities$-9,109$0▲ $9,109
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$129,739$118,143▼ $11,596
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$129,739$118,143▼ $11,596
Total Liabilities and Net Assets / Fund Balance$120,630$118,143▼ $2,487

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$1,035$10,141$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judith MoorePresidentFT$84,000$84,000

Board Members and Trustees

NameTitle
Michael OgbeborChairman
Charles BlatteisDirector
Dan ConnellyDirector
Muriel HepburnDirector
Tarik BlackCEO
Bruque ArgawSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$188,375
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$185,188
Change in Net Assets
$27,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$94,105
Other Expenses$66,290
Total Fundraising Expense$10,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$37,532$37,420$9,084$84,036
Advertising$9,372$5,466$979$15,817
Fees for Services Accounting-$14,935-$14,935
Other Expenses$10,403$4,109-$14,512
Other Salaries and Wages$8,229$1,840-$10,069
Office Expenses-$5,941-$5,941
Travel$4,071--$4,071
Conferences and Meetings-$2,681-$2,681
Information Technology-$328-$328
Fees for Services Legal-$110-$110
Total Functional Expenses$76,791$73,541$10,063$160,395
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
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Tarik black, the ceo of the tarik black foundation, is related to judith moore, the president of the tarik black foundation. Judith moore is the mother of tarik black.”

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

“The president reviews a draft of form 990 and approves it. Copies of the final document are then forwarded to the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The foundation provides a copy of the policy to all officers, directors and trustees at least once a year.”

Form 990, Part VI, Section C, Line 19

“The tarik black foundation makes its governing documents, conflict of interest policy, financial statements, and form 990 available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Tarik Black Foundation Inc
EIN
81-5234388
Phone
9014855425
Address
538 Dr Martin Luther King Jr Ave, Memphis, TN 38126

Signing Officer

Name
Judith Moore
Title
President
Phone
9016478991
Signed
2020-04-03

Organization Details

Principal Officer
Judith Moore
Formed
2017
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
50
Raw XML Appendix374 raw XML fields

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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IRS990/MissionDesc0TO INSPIRE YOUTH AND PREPARE THEM TO SUCCEED AND POSITIVELY IMPACT THEIR COMMUNITIES. THE FOUNDATION'S CORE VALUES ARE: FAITH,COMPASSION, INTEGRITY, AND OPPORTUNITY. THESE PRINCIPLES GUIDE ALL THAT THE FOUNDATION DOES AND FORMS THE BASIS FOR ITS SERVICE TO YOUTH.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMER GLAM (GIRLS' LIFE ACADEMY MEMPHIS) IS A SIX-WEEK INTERNSHIP PROGRAM FOR YOUNG LADIES 16 - 20 IN MEMPHIS. THE 25 INTERNS ARE EMPLOYED BY THE CITY TO ATTEND THE PROGRAM WHICH ASIDE FROM THEIR SALARIES IS TOTALLY FUNDED BY THE TARIK BLACK FOUNDATION. THE EXPERIENCE INCLUDES LIFE SKILLS SESSIONS CONDUCTED BY PROFESSIONALS FROM VARIOUS WALKS OF LIFE BOTH LOCAL AND NATIONAL EXPERTS WHO OFFER THEIR KNOWLEDGE. IT ALSO INCLUDES EXPERIENTAL FIELD TRIPS, HANDS ON ACTIVITIES PLAYS, BOOKS AND CULMINATES WITH A NETWORKING AND AWARDS GALA ALLOWING THE 25 PARTICIPANTS TO DEMONSTRATE AND UTILIZE MANY OF THE LIFE SKILLS ACQUIRED AND AWARD THEM FOR SUCCESSFULLY COMPLETING THE PROGRAM. THE OVERALL GOAL IS TO HELP ENSURE YOUTH TRANSITION TO ADULTHOOD BEING WELL INFORMED, WELLPREPARED AND WELL ROUNDED.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SPORTS CAREER INTERNSHIP: Sports Careers is a six weeks internship program for 50 young men that allows them to explore careers in the sports industry outside of playing a sport. They interact with sports industry professionals in occupations that impact sports including technical, financial, marketing, legal, performance, analytics, facility management, flooring and more. The program also provides sessions and experiences that prepare interns to make important life and teach professional skills. It includes field trips and interactive workshops and provides free resources and keepsakes that will provide a reference for young men as they make lifestyle choices and encounter life challenges. Youth attending are assigned to the program through the MPLOY summer youth program of Memphis which provides their stipend.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Tarik Black' Multicultural Watch Party and Celebration: Over 200 youth between ages 11 and 18 attend this evening winter celebration. The backdrop is a Euroleague basketball game played in Tel Aviv. In between game breaks youth learn and play games indicative of the cultures being celebrated. In 2019 we celebrated Hanukkah, Kwanza and Feliz Navidad. Refreshments from each culture are served, as well as traditional game snacks. Attendees learn the history associated with the cultural traditions. They leave the celebration with goodie bags that include gifts symbolic of the cultural celebrated. The event attracts youth from diverse cultures and backgrounds. The foundation makes available transportation for youth in the 38126 zip code who may not have transportation to the site which in 2019 was Bridges USA Center.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01035
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010141
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt011176
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01035
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TARIK BLACK, THE CEO OF THE TARIK BLACK FOUNDATION, IS RELATED TO JUDITH MOORE, THE PRESIDENT OF THE TARIK BLACK FOUNDATION. JUDITH MOORE IS THE MOTHER OF TARIK BLACK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT REVIEWS A DRAFT OF FORM 990 AND APPROVES IT. COPIES OF THE FINAL DOCUMENT ARE THEN FORWARDED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION PROVIDES A COPY OF THE POLICY TO ALL OFFICERS, DIRECTORS AND TRUSTEES AT LEAST ONCE A YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TARIK BLACK FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0120630
IRS990/TotalAssetsEOYAmt0118143
IRS990/TotalAssetsGrp/BOYAmt0120630
IRS990/TotalAssetsGrp/EOYAmt0118143
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0188375
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010063
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073541
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt076791
IRS990/TotalFunctionalExpensesGrp/TotalAmt0160395
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-9109
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0-9109
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0129739
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0118143
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt08000
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt076791
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt084000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0188375
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0120630
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0118143
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04071
IRS990/TravelGrp/TotalAmt04071
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0538 Dr Martin Luther King Jr Ave
IRS990/USAddress/CityNm0Memphis
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038126
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0TARIKBLACKFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Judith Moore
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09016478991
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TARIK BLACK FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TARI
ReturnHeader/Filer/EIN0815234388
ReturnHeader/Filer/PhoneNum09014855425
ReturnHeader/Filer/USAddress/AddressLine1Txt0538 Dr Martin Luther King Jr Ave
ReturnHeader/Filer/USAddress/CityNm0Memphis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038126
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.196.93.128
ReturnHeader/ReturnTs02020-04-07T20:44:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$118,143
Liabilities
$0
Net assets
$118,143
Revenue
$188,375
Expenses
$160,395
Net income
$27,980
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.48$0.42$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.61$0.76$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.81$0.92$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.35$0.02$0.33$0.92$1.22$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.07$0.63$0.84$1.39$0.55
2019Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$1.88$1.60$0.28
2018Detailed filing. Detailed filing data is available for this year.$1.21$0.09$1.12$1.71$2.19$0.48
2017Detailed filing. Detailed filing data is available for this year.$1.63$0.03$1.59$3.35$1.76$1.59