Black Cultural Zone Community Development Corporation

“Form 990 is reviewed by the CEO and the Audit Committee prior to filing.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The CEO's salary is set by the Board of Directors. Key employees' salaries are set based on market comparability data and consultation with the Board of Directors.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The purpose of the Black Cultural Zone CDC (the "CDC") is to "innovate, incubate, inform and elevate community driven projects that allow our people and culture to "THRIVE". The CDC works on behalf of and with the Black Community with a focus on current and legacy East Oakland residents, businesses, entrepreneurs, organizations and artists. Our work, however, is of benefit to the larger Oakland community particularly those most at risk of displacement here in Oakland. The barrier we face is the rising cost of living amidst stagnant or declining community wealth for legacy and current community members. The barriers to wealth building are tied to disproportionate levels of high unemployment, high underemployment, low business ownership and limited economic opportunity. This suppression reflects decades of public/private disinvestment and other systemic and institutional barriers. We focus on East Oakland because it is one of the last Bay Area frontiers in the struggle for retaining Black communities. It has been "discovered and its neighborhoods are considered today's "hottest" Bay Area real estate markets. In order to hold place for Black residents and businesses in East Oakland, we mirror the focus of the East Oakland Black Cultural Zone Collaborative and center Black arts and culture and implement strategies in the areas of Place Keeping and building a Strong Economy which will improve the Quality of Life for all residents.”

“Other Professional Services: Program service expenses 211,754. Management and general expenses 65,347. Fundraising expenses 9,279. Total expenses 286,380. Payroll Service Fees: Program service expenses 18,334. Management and general expenses 5,658. Fundraising expenses 803. Total expenses 24,795. Consultants: Program service expenses 9,600. Management and general expenses 8,200. Fundraising expenses 0. Total expenses 17,800.”