Black Liberation Fund

“During the 2024 fiscal year, Black Liberation Fund undertook a strategic organizational realignment to address structural financial challenges and ensure long-term sustainability. The organization transitioned from a resource-intensive, in-person case management model to a digital-first, technology-enabled service delivery model. Under the prior model, operations relied on full-time staffing, leased office space, and frequent travel for facility visits, resulting in operating costs that exceeded sustainable revenue levels. In late 2024, the Board approved a transition to a leaner operating structure emphasizing virtual programming, contractor-based staffing, and elimination of fixed occupancy costs. This transition resulted in a significant reduction of cash reserves during the year as previously accumulated funds were used intentionally to wind down legacy obligations, cover staffing and operational costs, and support the organization through the restructuring period. By year-end, the organization held a minimal cash balance while maintaining zero liabilities. The new operational model substantially reduces annual expenses, expands geographic reach beyond local limitations, and allows services to be delivered statewide and nationally through digital platforms. The organization continues to pursue diversified revenue and fundraising strategies to support its mission and anticipates financial stabilization during the subsequent fiscal periods.”

“During the 2024 fiscal year, Black Liberation Fund undertook a strategic organizational realignment to address structural financial challenges and ensure long-term sustainability. The organization transitioned from a resource-intensive, in-person case management model to a digital-first, technology-enabled service delivery model. Under the prior model, operations relied on full-time staffing, leased office space, and frequent travel for facility visits, resulting in operating costs that exceeded sustainable revenue levels. In late 2024, the Board approved a transition to a leaner operating structure emphasizing virtual programming, contractor-based staffing, and elimination of fixed occupancy costs. This transition resulted in a significant reduction of cash reserves during the year as previously accumulated funds were used intentionally to wind down legacy obligations, cover staffing and operational costs, and support the organization through the restructuring period. By year-end, the organization held a minimal cash balance while maintaining zero liabilities. The new operational model substantially reduces annual expenses, expands geographic reach beyond local limitations, and allows services to be delivered statewide and nationally through digital platforms. The organization continues to pursue diversified revenue and fundraising strategies to support its mission and anticipates financial stabilization during the subsequent fiscal periods.”

“Description;Amount^Target Refund;45|NSF Fee Reversals;108^Total;153^”

“"Other expenses include transitional and wind-down costs related to the organization's shift from an in-person service delivery model to a digital-first operational model, including legacy obligations and administrative closeout expenses."”

“Net Loss Analysis: The organization experienced a net loss of $98,669.48 during fiscal year 2024-2025. This loss is attributable to three primary factors: 1. Settlement of Prior-Year Legal Obligations ($42,427.36) As detailed in Part II, Line 16 above, the organization settled all outstanding legal and professional service obligations from organizational establishment and prior operational periods. These settlements were funded through organizational credit facilities and existing reserves, allowing the organization to close prior fiscal years without ongoing liabilities. 2. Transitional Payroll Expenses ($53,918.00) The organization maintained staffing from June 2024 through September 2024 (four months) while conducting strategic planning and mission realignment. Payroll expenses included wages ($40,852), payroll taxes ($10,851), and retirement contributions ($2,215). Staffing was reduced in October 2024 as part of the strategic transition to technology-centered service delivery. 3. Professional Services and Infrastructure ($17,500.00) Ongoing accounting services (Jitasa Group: $10,140), payroll processing (ADP: $1,800), independent contractors (Latisha Waters: $2,900), state registration and compliance fees ($425), and local tax obligations ($407) were maintained to ensure regulatory compliance during the transitional period.”

“"Other expenses include transitional and wind-down costs related to the organization's shift from an in-person service delivery model to a digital-first operational model, including legacy obligations and administrative closeout expenses."”

“Strategic Mission Realignment: In response to the widening economic gap caused by artificial intelligence disruption and the deterioration of government-funded social services, the organization's Board of Directors approved a strategic mission realignment in [Month, Year]. The organization has transitioned from direct incarceration support services to a broader victim and wellness support model delivered through technology, education, and community engagement. New Program Model (Effective FY 2025-2026): The organization will deliver services through the following program areas: Legal Resource Access Platform Web-based information portal providing free access to parole, pardon, and expungement resources Self-service legal document preparation tools Connection to pro bono legal service providers Reduction in direct legal consultation costs while expanding geographic reach Trauma-Informed Recovery Support Online recovery and wellness resources Trauma-informed care educational materials Peer support connection platform Mental health resource directory Educational Technology Empowerment Workshops Professional resume development and job search strategies Typing and digital literacy skill-building Artificial intelligence tools and practical applications Technology access and digital inclusion programming Sustainability Plan: This mission evolution positions the organization to serve broader community needs while operating within a sustainable financial framework. The transition to digital-first service delivery significantly reduces occupancy costs (eliminated office rental), travel expenses (virtual service delivery), and personnel costs (contractor-based model) while expanding geographic reach and program impact. The organization will achieve financial sustainability through: Grant funding from technology access and criminal justice reform foundations Individual donor cultivation focused on digital equity and second-chance initiatives Partnership development with educational institutions and technology providers Earned revenue from workshop facilitation and organizational training services The organization maintains adequate reserves to support operations during this 12-18 month transitional period. Beginning net assets as of June 1, 2024 were sufficient to absorb the fiscal year loss while maintaining operational capacity. The Board of Directors has approved a balanced budget for fiscal year 2025-2026 projecting break-even operations by Q4 FY 2025-2026.”

“In December 2024, the organization's Board of Directors approved a strategic mission realignment to expand services beyond direct incarceration support. The expanded mission now serves multiple survivor populations including substance abuse survivors, sexual assault survivors, domestic violence survivors, and gun violence survivors, in addition to continuing services for formerly incarcerated individuals. The organization transitioned from in-person case management to a digital-first service delivery model. New program areas include: (1) Web-based legal resources providing free access to parole, pardon, and expungement information; (2) Trauma-informed recovery support with online resources, mental health provider connections, and crisis intervention pathways for multiple survivor populations; and (3) Educational technology empowerment workshops covering resume development, digital literacy, and artificial intelligence tools. This expansion was formalized by Board Resolution dated December 1, 2024. The transition began in October 2024 with staffing restructuring and technology infrastructure development. Full implementation of new programs is scheduled for fiscal year 2025-2026. The strategic realignment was undertaken in response to the widening economic gap caused by artificial intelligence disruption and deteriorating government-funded social services affecting vulnerable populations.”