Civic Intelligence

Blck VC

990 • Fiscal year 2022 • EIN 84-4735516

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfileBLCKVC.ORG
2021 Fillmore St PMB2147San Francisco, CA 94115

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.45x

Higher debt load relative to assets than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.40x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

43rd percentile

3.2%

Higher net margin than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

88th percentile

$181,662

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Balance Sheet
Liabilities / Assets82nd percentile

Assets

$1,725,310

No earlier filing loaded for comparison.

Net Assets

$954,891

No earlier filing loaded for comparison.

Liabilities

$770,419

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin43rd percentile

Revenue

$1,934,441

No earlier filing loaded for comparison.

Expenses

$1,872,678

No earlier filing loaded for comparison.

Net Income

$61,763

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.

$2.0M$1.5M$1.0M$500K$0Assets 2022: $1,725,310Liabilities 2022: $770,419Net Assets 2022: $954,8912022Assets 2023: $945,713Liabilities 2023: $205,862Net Assets 2023: $739,8512023Assets 2024: $1,814,760Liabilities 2024: $1,212,426Net Assets 2024: $602,3342024

Highlighted filing

2022

Assets$1,725,310
Liabilities$770,419
Net Assets$954,891
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2022: $1,934,441Expenses 2022: $1,872,678Net Income 2022: $61,7632022Revenue 2023: $1,118,725Expenses 2023: $1,333,765Net Income 2023: -$215,0402023Revenue 2024: $2,149,533Expenses 2024: $2,287,050Net Income 2024: -$137,5172024

Highlighted filing

2022

Revenue$1,934,441
Expenses$1,872,678
Net Income$61,763
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,934,441
Mission and Program Overview

Mission

To connect, engage, empower and advance Black venture investors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,736,957$1,669,260▼ $1,067,697
Pledges and Grants Receivable$0$49,167▲ $49,167
Land, Buildings, and Equipment, Net$4,465$3,452▼ $1,013
Prepaid Expenses and Deferred Charges$0$3,431▲ $3,431
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,741,422$1,725,310▼ $1,016,112
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$1,828,699$723,699▼ $1,105,000
Accounts Payable and Accrued Expenses$19,595$46,720▲ $27,125
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,848,294$770,419▼ $1,077,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$893,128$954,891▲ $61,763
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$893,128$954,891▲ $61,763
Total Liabilities and Net Assets / Fund Balance$2,741,422$1,725,310▼ $1,016,112

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,452$1,615$5,067
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
McLauglin Amanda Victoria BynumChief Executive OfficerFT$181,662$181,662
Samer YousifInterim Chief Executive OfficeFT$126,381$126,381

Board Members and Trustees

NameTitle
Groce FrederikCo-Founder and Board Co-Chair
Sykes SydneyCo-Founder and Board Co-Chair
Asem MikeBoard Member
Cummings JacksonBoard Member
Hollins BrianBoard Member
Sweat EarnestBoard Member
Tecklu AdinaBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$238,934
Program Service Revenue
$1,695,507
Investment Income
$0
Other Revenue
$0
All Other Contributions
$238,934
Change in Net Assets
$61,763

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,934,441
Total Revenue per Audited Statements
$1,934,441
Total Revenue per Form 990
$1,934,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,250,555
Salaries, Compensation, and Employee Benefits$598,674
Grants and Similar Amounts Paid$23,449
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$144,003$238,758$0$382,761
Current Officers, Directors, Trustees, and Key Employees$0$308,043$0$308,043
Travel$70,932$201,064$0$271,996
Other Salaries and Wages$0$194,363$0$194,363
Advertising$100,785$57,222$0$158,007
Other Expenses$148,160$8,673$0$156,833
Fees for Services Other$4,725$64,907$0$69,632
Other Employee Benefits$4,500$55,593$0$60,093
Information Technology$6,456$48,642$0$55,098
Payroll Taxes$0$36,175$0$36,175
Office Expenses$11,582$14,824$0$26,406
Grants to Domestic Orgs$23,449--$23,449
Fees for Services Accounting$0$19,616$0$19,616
Occupancy$0$8,069$0$8,069
Insurance$0$5,212$0$5,212
Depreciation Depletion$0$1,013$0$1,013
Fees for Services Legal$0$608$0$608
Total Functional Expenses$600,145$1,272,533$0$1,872,678

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,872,678
Total Expenses per Audited Statements$1,872,678
Total Expenses per Form 990$1,872,678
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Black Women in Venture CapitalSan Francisco, CA501(c)(3)General Support$6,000
Goodie NationAtlanta, GA501(c)(3)General Support$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, line 11B:

“The 990 is provided to the audit commitee for review prior to the document's submission. The 990 and audited financial statements are reviewed by the board of directors after completion.”

Part VI, Line 15A:

“Cheif executive officer and chief operating officer compensation is reviewed by the board of directors.”

Part VI, Line 19:

“Governing documents and audited financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Blck Vc
EIN
84-4735516
In Care Of
% SIMONE KNIGHT
Phone
8778295500
Address
2021 Fillmore St PMB2147, San Francisco, CA 94115

Signing Officer

Name
Ayan Warsame
Title
COO
Phone
8778295500
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ayan Warsame
Formed
2020
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
275 BATTERY ST STE 1800, SAN FRANCISCO, CA 94111-3346
Preparer
Kelly Pollard
Phone
4159563600
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

“Accounting principles require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0893128
IRS990/NetAssetsOrFundBalancesEOYAmt0954891
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0893128
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0954891
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08069
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt08069
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014824
IRS990/OfficeExpensesGrp/ProgramServicesAmt011582
IRS990/OfficeExpensesGrp/TotalAmt026406
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt055593
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04500
IRS990/OtherEmployeeBenefitsGrp/TotalAmt060093
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP, LICENCES AND FEES
IRS990/OtherExpensesGrp/Desc1EVENTS, MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09751
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18673
IRS990/OtherExpensesGrp/ProgramServicesAmt085553
IRS990/OtherExpensesGrp/ProgramServicesAmt1148160
IRS990/OtherExpensesGrp/TotalAmt095304
IRS990/OtherExpensesGrp/TotalAmt1156833
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0194363
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0194363
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt036175
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt036175
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt049167
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03431
IRS990/PrincipalOfficerNm0AYAN WARSAME
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01695507
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01695507
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt061763
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01695507
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0238934
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0124001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0362935
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02795574
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt055435
IRS990ScheduleA/SubstantialContributorsTotAmt0307500
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0238934
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0124001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0362935
IRS990ScheduleA/TotalSupportAmt0362935
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt03452
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01615
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05067
IRS990ScheduleD/ExpensesSubtotalAmt01872678

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,725,310
Liabilities
$770,419
Net assets
$954,891
Revenue
$1,934,441
Expenses
$1,872,678
Net income
$61,763
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$1.21$0.60$2.15$2.29$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.21$0.74$1.12$1.33$0.22
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.77$0.95$1.93$1.87$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $1M-$5M nonprofits