Civic Intelligence

Black Ambition Opportunity Inc

EIN 85-1559517 • 501(c)3 • Miami, FL

Profile

Provide increased economic opportunities to Black and Latinx communties and bridge the racial wealth gap through entrepreneurship by increasing both the pipeline of diverse entrepreneurs as well as the number of historically excluded entrepreneurs who succeed at raising necessary startup capital.

360 NW 27th StreetMiami, FL 33127

www.blackambitionprize.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.27x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.46x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

12th percentile

-19%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-14%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-0.0%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$10,535,844

Down $2,045,213 (-16%) from 2023

Liabilities

Down

$2,832,507

Down $542,393 (-16%) from 2023

Net Assets

Down

$7,703,337

Down $1,502,820 (-16%) from 2023

Operations
Liabilities / Revenue67th percentileNet Margin12th percentile

Revenue

Up

$6,100,508

Up $933,790 (+18%) from 2023

Expenses

Down

$7,286,351

Down $26,271 (-0.4%) from 2023

Net Income

Up

-$1,185,843

Up $960,061 (+45%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

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

$15M$10M$5.0M$0Assets 2020: $1Liabilities 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $13,804,199Liabilities 2022: $2,452,138Net Assets 2022: $11,352,0612022Assets 2023: $12,581,057Liabilities 2023: $3,374,900Net Assets 2023: $9,206,1572023Assets 2024: $10,535,844Liabilities 2024: $2,832,507Net Assets 2024: $7,703,3372024

Highlighted filing

2024

Assets$10,535,844
Liabilities$2,832,507
Net Assets$7,703,337
Open 2024 Filing

Operations Trend

Revenue Growth33rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $15,514,312Expenses 2022: $4,162,251Net Income 2022: $11,352,0612022Revenue 2023: $5,166,718Expenses 2023: $7,312,622Net Income 2023: -$2,145,9042023Revenue 2024: $6,100,508Expenses 2024: $7,286,351Net Income 2024: -$1,185,8432024

Highlighted filing

2024

Revenue$6,100,508
Expenses$7,286,351
Net Income-$1,185,843
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,535,844
Liabilities
$2,832,507
Net assets
$7,703,337
Revenue
$6,100,508
Expenses
$7,286,351
Net income
-$1,185,843
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.5$2.83$7.70$6.10$7.29$1.19
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$3.37$9.21$5.17$7.31$2.15
2022Detailed filing. Detailed filing data is available for this year.$13.8$2.45$11.4$15.5$4.16$11.4
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2020Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$6,100,508
Mission and Program Overview

Mission

Provide increased economic opportunities to black and latinx communties and bridge the racial wealth gap through entrepreneurship by increasing both the pipeline of diverse entrepreneurs as well as the number of historically excluded entrepreneurs who succeed at raising necessary startup capital.

Provide increased economic opportunities to underrepresented entrepreneurs to bridge wealth and opportunity gaps through entrepreneurship by increasing both the pipeline of diverse entrepreneurs as well as the number of historically excluded entrepreneurs who succeed at raising necessary startup capital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,693,057$6,872,940▼ $1,820,117
Pledges and Grants Receivable$1,500,000$2,000,000▲ $500,000
Investments Other Securities-$514,743-
Total Assets$12,255,256$10,535,844▼ $1,719,412
Other Assets Total$2,062,199$1,148,161▼ $914,038
Liabilities
Other Liabilities$3,240,000$2,570,000▼ $670,000
Accounts Payable and Accrued Expenses$134,899$262,507▲ $127,608
Total Liabilities$3,374,899$2,832,507▼ $542,392
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,719,417$4,719,417→ $0
Net Assets Without Donor Restrictions$4,160,940$2,983,920▼ $1,177,020
Total Net Assets Fund Balance$8,880,357$7,703,337▼ $1,177,020
Total Liabilities and Net Assets / Fund Balance$12,255,256$10,535,844▼ $1,719,412

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$188,100--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Felicia HatcherCEOFT$418,771$17,659$436,430

Board Members and Trustees

NameTitle
Pharrell WilliamsDirector & Chair
Erik MooreBoard Member
Ron LaffitteBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$6,086,828
Program Service Revenue
$12,826
Investment Income
$854
Other Revenue
$0
All Other Contributions
$6,086,828
Change in Net Assets
$-1,185,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,566,005
Grants and Similar Amounts Paid$1,751,500
Salaries, Compensation, and Employee Benefits$968,846
Total Fundraising Expense$156,690
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,751,500--$1,751,500
Fees for Services Other$803,457$121,766$1,045$926,268
Travel$510,003$18,941$5,708$534,652
Other Salaries and Wages$290,034$128,023$21,539$439,596
Current Officers, Directors, Trustees, and Key Employees$196,394$196,394$43,642$436,430
Occupancy$180,723$49,351-$230,074
Advertising$136,259$60,342$12,803$209,404
Conferences and Meetings$170,370$990-$171,360
Information Technology$15,762$70,945$5,861$92,568
Fees for Services Accounting-$89,755-$89,755
Fees for Services Legal$15,300$13,838$60,000$89,138
Payroll Taxes$27,664$22,434$3,667$53,765
Other Employee Benefits$23,667$12,963$2,425$39,055
Office Expenses-$34,798-$34,798
Insurance-$26,851-$26,851
Other Expenses$1,041,097$2,408-$2,408
All Other Expenses$173$419-$592
Total Functional Expenses$6,229,303$900,358$156,690$7,286,351
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prizes & Awards Payable$2,570,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Part VI, Section B, line 11B

“Form 990 is reviewed by the board of executive leadership prior to filing.”

Form 990, Part VI, Section B, line 12C

“The board reviews the conflict of interest policy annually.”

Form 990, Part VI, Section B, line 15

“Comparative compensation data is used to set compensation for executive leaders. Comparative compensation data is used to set compensation for key employees.”

Form 990, Part VI, Section C, line 19

“Documents can be made available upon request.”

Filing and Contact Details

Filer

Filer Name
Black Ambition Opportunity Inc
EIN
85-1559517
Phone
3102290371
Address
360 NW 27th Street, Miami, FL 33127

Signing Officer

Name
Erik Moore
Title
Board Member
Phone
3102290371
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erik Moore
Formed
2020
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
8
Volunteers
0

Preparer

Firm
Whalen Cpas
Address
655 METRO PLACE SOUTH SUITE 450, DUBLIN, OH 43017
Preparer
Jeffery A Pumplun CPA
Phone
6143964200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Other Outside Service Fees: Program service expenses 795,576. Management and general expenses 105,999. Fundraising expenses 0. Total expenses 901,575. Bank Fees: Program service expenses 0. Management and general expenses 882. Fundraising expenses 0. Total expenses 882. Dues & Membership Fees: Program service expenses 0. Management and general expenses 9,672. Fundraising expenses 0. Total expenses 9,672. Payroll Processing Fees: Program service expenses 7,881. Management and general expenses 5,213. Fundraising expenses 1,045. Total expenses 14,139.”

Raw XML AppendixShowing 400 of 411 raw XML fields

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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06086828
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06018772
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt015514291
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt027619891
IRS990ScheduleA/TotalSupportAmt027620994
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/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0960061
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1188100
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pledges Receivable - Noncurrent
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Mission Related Investments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02570000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prizes & Awards Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01148161
IRS990ScheduleD/TotalLiabilityAmt02570000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01751500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Grants and Awards
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt048
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0418771
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07961
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09698
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Felicia Hatcher
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0436430
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the board of executive leadership prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board reviews the conflict of interest policy annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Comparative compensation data is used to set compensation for executive leaders. Comparative compensation data is used to set compensation for key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents can be made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other Outside Service Fees: Program service expenses 795,576. Management and general expenses 105,999. Fundraising expenses 0. Total expenses 901,575. Bank Fees: Program service expenses 0. Management and general expenses 882. Fundraising expenses 0. Total expenses 882. Dues & Membership Fees: Program service expenses 0. Management and general expenses 9,672. Fundraising expenses 0. Total expenses 9,672. Payroll Processing Fees: Program service expenses 7,881. Management and general expenses 5,213. Fundraising expenses 1,045. Total expenses 14,139.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012255256
IRS990/TotalAssetsEOYAmt010535844
IRS990/TotalAssetsGrp/BOYAmt012255256
IRS990/TotalAssetsGrp/EOYAmt010535844
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt06086828
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0156690
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0900358
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06229303
IRS990/TotalFunctionalExpensesGrp/TotalAmt07286351
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03374899
IRS990/TotalLiabilitiesEOYAmt02832507
IRS990/TotalLiabilitiesGrp/BOYAmt03374899
IRS990/TotalLiabilitiesGrp/EOYAmt02832507
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08880357
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07703337
IRS990/TotalOtherCompensationAmt017659
IRS990/TotalProgramServiceExpensesAmt06229303
IRS990/TotalProgramServiceRevenueAmt012826
IRS990/TotalReportableCompFromOrgAmt0418771
IRS990/TotalRevenueGrp/ExclusionAmt0854
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012826
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06100508
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012255256
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010535844
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt05708
IRS990/TravelGrp/ManagementAndGeneralAmt018941
IRS990/TravelGrp/ProgramServicesAmt0510003
IRS990/TravelGrp/TotalAmt0534652
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0360 NW 27th Street
IRS990/USAddress/CityNm0Miami
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033127
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.blackambitionprize.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Erik Moore
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Member
ReturnHeader/BusinessOfficerGrp/PhoneNum03102290371
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Black Ambition Opportunity Inc
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0851559517
ReturnHeader/Filer/PhoneNum03102290371
ReturnHeader/Filer/USAddress/AddressLine1Txt0360 NW 27th Street
ReturnHeader/Filer/USAddress/CityNm0Miami
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033127
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0310984945
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHALEN CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0655 METRO PLACE SOUTH SUITE 450

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