Civic Intelligence

The Black Achievement Fund Inc

EIN 82-0856886 • 501(c)3 • Atlanta, GA

Pub. 78 Eligible990-N Coverage

Profile

The mission of the Black Achievement Fund is to recycle black wealth back into black communities, creating a sustainable independent source of capital to fund a national black economic system

1700 Northside Dr NW Ste 730Atlanta, GA 30318

www.baf.solutions

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

81st percentile

29%

Higher net margin than 81% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

93rd percentile

127%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

2.4%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$64,455

Up $36,062 (+127%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$64,455

Up $36,062 (+127%) from 2022

Operations
Liabilities / Revenue62nd percentileNet Margin81st percentile

Revenue

Up

$219,324

Up $5,241 (+2.4%) from 2022

Expenses

Down

$154,869

Down $27,471 (-15%) from 2022

Net Income

Up

$64,455

Up $32,712 (+103%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2020: $6,581Liabilities 2020: $0Net Assets 2020: $6,5812020Assets 2021: $25,703Liabilities 2021: $0Net Assets 2021: $25,7032021Assets 2022: $28,393Liabilities 2022: $0Net Assets 2022: $28,3932022Assets 2023: $64,455Liabilities 2023: $0Net Assets 2023: $64,4552023

Highlighted filing

2023

Assets$64,455
Liabilities$0
Net Assets$64,455
Open 2023 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2020: $204,632Expenses 2020: $201,384Net Income 2020: $3,2482020Revenue 2021: $234,224Expenses 2021: $215,102Net Income 2021: $19,1222021Revenue 2022: $214,083Expenses 2022: $182,340Net Income 2022: $31,7432022Revenue 2023: $219,324Expenses 2023: $154,869Net Income 2023: $64,4552023

Highlighted filing

2023

Revenue$219,324
Expenses$154,869
Net Income$64,455
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$64,455
Liabilities
$0
Net assets
$64,455
Revenue
$219,324
Expenses
$154,869
Net income
$64,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$2.19$1.55$0.64
2022Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$2.14$1.82$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$2.34$2.15$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$2.05$2.01$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 3, 2024
Return Version
2023v5.1
Gross Receipts
$219,324
Mission and Program Overview

Mission

The mission of the Black Achievement Fund is to recycle black wealth back into black communities, creating a sustainable independent source of capital to fund a national black economic system

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$28,393$64,455▲ $36,062
Investments Other Securities-$55,000-
Cash and Non-Interest-Bearing Accounts$28,393$9,455▼ $18,938
Total Assets$28,393$64,455▲ $36,062
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,393$64,455▲ $36,062
Total Liabilities and Net Assets / Fund Balance$28,393$64,455▲ $36,062

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$55,000--
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Jesus PowellBoard Chair
Arkee HodgesPresident
Karen FreemanDirector
Ray HaginDirector
Tabitha HallDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$219,324
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$64,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,457
Salaries, Compensation, and Employee Benefits$39,412
Total Fundraising Expense$625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$36,400-$36,400
Occupancy-$30,000-$30,000
Advertising$22,281--$22,281
Other Expenses-$19,483-$19,483
Fees for Services Other-$13,900$625$14,525
Information Technology-$11,663-$11,663
Office Expenses-$11,584-$11,584
Travel-$4,621-$4,621
Payroll Taxes-$2,760-$2,760
Fees for Services Accounting-$700-$700
Fees for Services Legal-$600-$600
Other Employee Benefits-$252-$252
Total Functional Expenses$22,281$131,963$625$154,869
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
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

“The Board of Directors reviews the information for the completion of the 990 and reviews the final 990 prior to submission”

Conflict of interest policy compliance Part VI line 12C

“Black Achievement Fund has implemented a Conflict of Interese Policy for all members”

CEO executive director top management comp Part VI line 15A

“There is no compensation but reimbursement to board and other members for incidentals”

Other officer or key employee compensation Part VI line 15B

“There is no compensation but reimbursement to board and other members for incidentals There is no compensation but reimbursement to board and other members for incidentals”

Governing documents etc available to public Part VI line 19

“Black Achievement fund will make available the form 990 upon requests”

Filing and Contact Details

Filer

Filer Name
The Black Achievement Fund Inc
EIN
82-0856886
Address
1700 NORTHSIDE DR NW STE 730, Atlanta, GA 30318
Doing Business As
The Black Achievement Fund Inc

Signing Officer

Name
Arkee Hodges
Title
President
Phone
7736410191
Signed
2024-06-03
Discuss with paid preparer
No

Organization Details

Formed
2017
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
10

Preparer

Firm
RTW Xxact Enterprises LLC
Address
6804 James B R Memorial Dr, Stone Mountain, GA 30083
Preparer
Robbie Terry Washington
Phone
4704415140
Supplemental Narrative

Additional Explanations

Amended return information

“Error in financials caught after submission.”

List of other fees for services expenses Part IX line 11G

“The Board of Directors approves miscellaneous expenses to reimburse members”

List of other expenses Part IX line 24E

“All program expenses are approved and reviewed by the Board of Directors”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4There is no compensation but reimbursement to board and other members for incidentals There is no compensation but reimbursement to board and other members for incidentals
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt064455
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IRS990/TravelGrp/ManagementAndGeneralAmt04621
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0ARKEE HODGES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07736410191
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Black Achievement Fund Inc
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0820856886
ReturnHeader/Filer/USAddress/AddressLine1Txt01700 NORTHSIDE DR NW STE 730
ReturnHeader/Filer/USAddress/CityNm0Atlanta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030318
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272408928
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RTW Xxact Enterprises LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06804 James B R Memorial Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stone Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030083
ReturnHeader/PreparerPersonGrp/PhoneNum04704415140
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robbie Terry Washington
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-07-25T10:57:35-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARKEE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HODGES
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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