Civic Intelligence

Blck VC

990 • Fiscal year 2023 • EIN 84-4735516

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

69th percentile

0.22x

Higher debt load relative to assets than 69% of similar nonprofits.

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

Liabilities / Revenue

64th percentile

0.18x

Higher debt load relative to revenue than 64% of similar nonprofits.

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

Net Margin

16th percentile

-19%

Higher net margin than 16% of similar nonprofits.

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

Top Officer Pay

84th percentile

$156,994

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

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

Asset Growth

2nd percentile

-45%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

8th percentile

-42%

Faster revenue growth than 8% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$945,713

Down $779,597 (-45%) from 2022

Net Assets

Down

$739,851

Down $215,040 (-23%) from 2022

Liabilities

Down

$205,862

Down $564,557 (-73%) from 2022

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin16th percentile

Revenue

Down

$1,118,725

Down $815,716 (-42%) from 2022

Expenses

Down

$1,333,765

Down $538,913 (-29%) from 2022

Net Income

Down

-$215,040

Down $276,803 (-448%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

2023

Assets$945,713
Liabilities$205,862
Net Assets$739,851
Open 2023 Filing

Operations Trend

Revenue Growth8th percentile

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

2023

Revenue$1,118,725
Expenses$1,333,765
Net Income-$215,040
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,118,725
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$1,669,260$917,495▼ $751,765
Prepaid Expenses and Deferred Charges$3,431$14,779▲ $11,348
Pledges and Grants Receivable$49,167$11,000▼ $38,167
Land, Buildings, and Equipment, Net$3,452$2,439▼ $1,013
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$1,725,310$945,713▼ $779,597
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$723,699$147,632▼ $576,067
Accounts Payable and Accrued Expenses$46,720$58,230▲ $11,510
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$770,419$205,862▼ $564,557
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$954,891$739,851▼ $215,040
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$954,891$739,851▼ $215,040
Total Liabilities and Net Assets / Fund Balance$1,725,310$945,713▼ $779,597

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,439$2,628$5,067
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Warsame AyanChief Operating OfficerFT$149,757$7,237$156,994
Okorie ChidmaProgram OfficerFT$104,761$8,437$113,198
Robert Lee Gordon IvChief Executive OfficerFT$68,311$2,641$70,952
Yousif SamerInterim CEO (former)FT$60,280$1,148$61,428
McLauglin Amanda Victoria BynumCHIEF EXECUTIVE OFF (formeR)FT$10,000-$10,000

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
Lynch AnitaBoard Member (former)

Highest Paid Contractors

ContractorServicesLocationCompensation
Uc Berkeley Center For ExecutiveConsulting2220 Piedmont Ave, Berkeley, CA 94720$142,500
Revenue and Support

Revenue Composition

Contributions and Grants
$19,855
Program Service Revenue
$1,091,662
Investment Income
$0
Other Revenue
$7,208
All Other Contributions
$19,855
Change in Net Assets
$-215,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$690,455
Salaries, Compensation, and Employee Benefits$643,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$299,374$0$299,374
Other Salaries and Wages$150,258$73,159$0$223,417
Fees for Services Other$220,989$1,875$0$222,864
Advertising$53,061$141,682$0$194,743
Other Employee Benefits$64,985$14,975$0$79,960
Travel$61,219$7,892$0$69,111
Fees for Services Accounting$21,000$31,143$0$52,143
Information Technology$0$43,493$0$43,493
Payroll Taxes$15,907$24,652$0$40,559
Office Expenses$4,984$3,507$0$8,491
Insurance$584$7,300$0$7,884
Occupancy$255$2,951$0$3,206
Other Expenses$0$1,013$0$1,013
Total Functional Expenses$654,919$678,846$0$1,333,765
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
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
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
Robert Gordon Iv
Title
CEO
Phone
8778295500
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Gordon Iv
Formed
2020
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
8
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
595 MARKET ST STE 920, SAN FRANCISCO, CA 94105-2814
Preparer
Kelly Pollard
Phone
4159563600
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

“Description:consultant fees total fees:222125”

Form 990 Part IX Line 11G

“Description:other professional fees total fees:739”

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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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/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO CONNECT, ENGAGE, EMPOWER AND ADVANCE BLACK VENTURE INVESTORS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0954891
IRS990/NetAssetsOrFundBalancesEOYAmt0739851
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0954891
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0739851
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02951
IRS990/OccupancyGrp/ProgramServicesAmt0255
IRS990/OccupancyGrp/TotalAmt03206
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03507
IRS990/OfficeExpensesGrp/ProgramServicesAmt04984
IRS990/OfficeExpensesGrp/TotalAmt08491
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014975
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt064985
IRS990/OtherEmployeeBenefitsGrp/TotalAmt079960
IRS990/OtherExpensesGrp/Desc0OTHER CONTRACTORS
IRS990/OtherExpensesGrp/Desc1MISC. EXPENSES
IRS990/OtherExpensesGrp/Desc2DEPRECIATION
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt023268
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12562
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21013
IRS990/OtherExpensesGrp/ProgramServicesAmt057445
IRS990/OtherExpensesGrp/ProgramServicesAmt14232
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt080713
IRS990/OtherExpensesGrp/TotalAmt16794
IRS990/OtherExpensesGrp/TotalAmt21013
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0CREDIT CARD POINTS REDEEMED
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07208
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07208
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt07208
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt073159
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0150258
IRS990/OtherSalariesAndWagesGrp/TotalAmt0223417
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024652
IRS990/PayrollTaxesGrp/ProgramServicesAmt015907
IRS990/PayrollTaxesGrp/TotalAmt040559
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt049167
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt011000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03431
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014779
IRS990/PrincipalOfficerNm0ROBERT GORDON IV
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01091662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01091662
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0238934
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt023449
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01250555
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01695507
IRS990/PYRevenuesLessExpensesAmt061763
IRS990/PYSalariesCompEmpBnftPaidAmt0598674
IRS990/PYTotalExpensesAmt01872678
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01934441
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-215040
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01111517
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt019855
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0238934
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0124001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0382790
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07208
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07208
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03888649
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0382790
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt019855
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0238934
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0124001

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Filings

Displayed year

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

Open filing
Assets
$945,713
Liabilities
$205,862
Net assets
$739,851
Revenue
$1,118,725
Expenses
$1,333,765
Net income
-$215,040
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