Civic Intelligence

Black Arts Movement and Business District Community Development Cor

990 • Fiscal year 2023 • EIN 82-1475568

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 18, 2024

1540 BroadwayOakland, CA 94612

(510) 457-8999

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

45th percentile

0.06x

Higher debt load relative to revenue than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-409%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$121,167

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 62.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

8th percentile

-17%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-96%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,747,164

Down $780,857 (-17%) from 2022

Net Assets

Down

$3,734,815

Down $789,707 (-17%) from 2022

Liabilities

Up

$12,349

Up $8,850 (+253%) from 2022

Revenue

Down

$193,004

Down $4,311,206 (-96%) from 2022

Expenses

Up

$982,711

Up $733,624 (+295%) from 2022

Net Income

Down

-$789,707

Down $5,044,830 (-119%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2017: $500Liabilities 2017: $02017Assets 2020: $99,133Liabilities 2020: $88,162Net Assets 2020: $10,9712020Assets 2021: $269,749Liabilities 2021: $0Net Assets 2021: $269,7492021Assets 2022: $4,528,021Liabilities 2022: $3,499Net Assets 2022: $4,524,5222022Assets 2023: $3,747,164Liabilities 2023: $12,349Net Assets 2023: $3,734,8152023Assets 2024: $2,277,065Liabilities 2024: $2,192Net Assets 2024: $2,274,8732024

Highlighted filing

2023

Assets$3,747,164
Liabilities$12,349
Net Assets$3,734,815

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $500Expenses 2017: $0Net Income 2017: $5002017Revenue 2020: $94,010Expenses 2020: $94,603Net Income 2020: -$5932020Revenue 2021: $293,301Expenses 2021: $30,824Net Income 2021: $262,4772021Revenue 2022: $4,504,210Expenses 2022: $249,087Net Income 2022: $4,255,1232022Revenue 2023: $193,004Expenses 2023: $982,711Net Income 2023: -$789,7072023Revenue 2024: $176,363Expenses 2024: $1,636,606Net Income 2024: -$1,460,2432024

Highlighted filing

2023

Revenue$193,004
Expenses$982,711
Net Income-$789,707
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 18, 2024
Return Version
2023v5.1
Gross Receipts
$193,004
Mission and Program Overview

Mission

To advocate, organize, create, develop, implement, foster, and ensure the thriving of BAMBD, Oakland, CA through vigilant organizing, development of infrastructure, and the creation of mechanisms for stewardship and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,524,522$3,734,815▼ $789,707
Pledges and Grants Receivable$3,765,000$1,949,667▼ $1,815,333
Cash and Non-Interest-Bearing Accounts-$1,765,871-
Savings and Temporary Cash Investments$763,021--
Land, Buildings, and Equipment, Net-$10,506-
Total Assets$4,528,021$3,747,164▼ $780,857
Other Assets Total-$21,120-
Liabilities
Accounts Payable and Accrued Expenses$3,499$12,349▲ $8,850
Total Liabilities$3,499$12,349▲ $8,850
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,524,522$3,734,815▼ $789,707
Total Liabilities and Net Assets / Fund Balance$4,528,021$3,747,164▼ $780,857

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,506$113$10,619
Other Assets Org$1,120--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Ayodele NzingaExecutive Director$121,167$121,167

Board Members and Trustees

NameTitle
Thelvin WilliamsBoard Member
Yavette HoltBoard Member
Lisa EvansSecretary
Michale ShabakaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,000
Program Service Revenue
$15,129
Investment Income
$0
Other Revenue
$82,875
All Other Contributions
$80,000
Change in Net Assets
$-789,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$420,400
Other Expenses$315,603
Salaries, Compensation, and Employee Benefits$246,708
Total Fundraising Expense$26,945
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$420,400--$420,400
Fees for Services Other$156,496$22,192-$178,688
Current Officers, Directors, Trustees, and Key Employees$55,890$38,332$26,945$121,167
Other Salaries and Wages$57,316$49,656-$106,972
Occupancy$93,572$373-$93,945
Payroll Taxes$11,313$7,256-$18,569
Fees for Services Accounting-$15,221-$15,221
Office Expenses$5,347$6,020-$11,367
Insurance-$6,466-$6,466
Fees for Services Legal$275$4,621-$4,896
Other Expenses$3,252$240-$3,492
Advertising-$1,398-$1,398
Depreciation Depletion$113--$113
Travel-$17-$17
Total Functional Expenses$803,974$151,792$26,945$982,711
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BlacSpaceOakland, CA--$420,400
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
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
Yes
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 governing body review Part VI line 11

The Executive Director reviews the Form 990 before filing. The Eexecutive Director may ask the tax preparer, bookeeper or consultant questions before filing.

Conflict of interest policy compliance Part VI line 12C

All board members are asked each year to disclose conflicts of interest.

CEO executive director top management comp Part VI line 15A

The board reviews and approves the Executive Directors compensation annually.

Governing documents etc available to public Part VI line 19

Governing documents, conflicts of interest policy and Form 990 are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Black Arts Movement Business District Development
EIN
82-1475568
Address
1540 Broadway, Oakland, CA 94612

Signing Officer

Name
Ayodele Nzinga
Title
Executive Direc
Phone
5104578999
Signed
2024-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ayodele Nzinga
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Richard Pon CPA
Address
PO BOX 191254, San Francisco, CA 94119
Preparer
Richard Pon
Phone
4159714610
Supplemental Narrative

Additional Explanations

Amended return information

Amended return is necessary to report correct accrual based revenue. Due to the amended revenue a Form 990 is needed rather than Form 990EZ.

Audited by an independent accountant Part XII line 2B

The organization has not received an audit. It is aware that the california Nonprofit Integrity Act requires audits of charities with over $2 million in revenue. An audit will take place after Form 990 is filed.

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

Program & production contractors: $101,226 program expensesManagement $4,000 program expensesadmin support $11,532 ($990 program and $10,542 management/general)marketing consultants $13,000 ($2,500 program, $10,500 management/general)Other consultants $48,930 ($47,780 program and $1,150 management/general)

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010506
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0113
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010619
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11120
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0security deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1prepayments
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010506
IRS990ScheduleD/TotalBookValueOtherAssetsAmt021120
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0420400
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BlacSpace
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01791 11th S
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Oakland
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094607
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization monitors the grantees expenditures are in accordance with grant agreements.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Amended return is necessary to report correct accrual based revenue. Due to the amended revenue a Form 990 is needed rather than Form 990EZ.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Executive Director reviews the Form 990 before filing. The Eexecutive Director may ask the tax preparer, bookeeper or consultant questions before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All board members are asked each year to disclose conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board reviews and approves the Executive Directors compensation annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, conflicts of interest policy and Form 990 are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization has not received an audit. It is aware that the california Nonprofit Integrity Act requires audits of charities with over $2 million in revenue. An audit will take place after Form 990 is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Program & production contractors: $101,226 program expensesManagement $4,000 program expensesadmin support $11,532 ($990 program and $10,542 management/general)marketing consultants $13,000 ($2,500 program, $10,500 management/general)Other consultants $48,930 ($47,780 program and $1,150 management/general)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Audited by an independent accountant Part XII line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04528021
IRS990/TotalAssetsEOYAmt03747164
IRS990/TotalAssetsGrp/BOYAmt04528021
IRS990/TotalAssetsGrp/EOYAmt03747164
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt095000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026945
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0151792
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0803974
IRS990/TotalFunctionalExpensesGrp/TotalAmt0982711
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03499
IRS990/TotalLiabilitiesEOYAmt012349
IRS990/TotalLiabilitiesGrp/BOYAmt03499
IRS990/TotalLiabilitiesGrp/EOYAmt012349
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04524522
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03734815
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0803974
IRS990/TotalProgramServiceRevenueAmt015129
IRS990/TotalReportableCompFromOrgAmt0121167
IRS990/TotalRevenueGrp/ExclusionAmt082875
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015129
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0193004
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04528021
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03747164
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt017
IRS990/TravelGrp/TotalAmt017
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0http://www.bambdcdc.com/
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ayodele Nzinga
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum05104578999
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Black Arts Movement Business District Development
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0821475568
ReturnHeader/Filer/USAddress/AddressLine1Txt01540 Broadway
ReturnHeader/Filer/USAddress/CityNm0Oakland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094612
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273765031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Richard Pon CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 191254
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Francisco
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094119
ReturnHeader/PreparerPersonGrp/PhoneNum04159714610
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard Pon
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-09-18T22:09:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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