Civic Intelligence

Black Product Managers

EIN 85-2790239 • 501(c)3 • San Francisco, CA

Pub. 78 Eligible990-N Coverage

Profile

To connect underrepresented professionals to experts, allies and resources to succeed in their careers.

50 California Street 1500San Francisco, CA 94111

www.blackproductmanagers.com

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.02x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

19th percentile

-31%

Higher net margin than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$186,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 50.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

29th percentile

-25%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-48%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$319,923

Down $108,821 (-25%) from 2023

Liabilities

Up

$6,966

Up $4,559 (+189%) from 2023

Net Assets

Down

$312,957

Down $113,380 (-27%) from 2023

Revenue

Down

$368,688

Down $338,780 (-48%) from 2023

Expenses

Down

$482,068

Down $235,682 (-33%) from 2023

Net Income

Down

-$113,380

Down $103,098 (-1003%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2021: $339,325Liabilities 2021: $0Net Assets 2021: $339,3252021Assets 2022: $437,196Liabilities 2022: $577Net Assets 2022: $436,6192022Assets 2023: $428,744Liabilities 2023: $2,407Net Assets 2023: $426,3372023Assets 2024: $319,923Liabilities 2024: $6,966Net Assets 2024: $312,9572024

Highlighted filing

2024

Assets$319,923
Liabilities$6,966
Net Assets$312,957

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2021: $367,077Expenses 2021: $37,342Net Income 2021: $329,7352021Revenue 2022: $433,246Expenses 2022: $335,952Net Income 2022: $97,2942022Revenue 2023: $707,468Expenses 2023: $717,750Net Income 2023: -$10,2822023Revenue 2024: $368,688Expenses 2024: $482,068Net Income 2024: -$113,3802024

Highlighted filing

2024

Revenue$368,688
Expenses$482,068
Net Income-$113,380

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$368,688
Mission and Program Overview

Mission

To connect underrepresented professionals to experts, allies and resources to succeed in their careers.

To connect underrepresented professionals to experts and allies to succeed in their careers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$315,335$319,923▲ $4,588
Accounts Receivable$99,350$0▼ $99,350
Total Assets$428,744$319,923▼ $108,821
Other Assets Total$14,059$0▼ $14,059
Liabilities
Accounts Payable and Accrued Expenses$2,407$6,966▲ $4,559
Total Liabilities$2,407$6,966▲ $4,559
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$426,337$312,957▼ $113,380
Total Net Assets Fund Balance$426,337$312,957▼ $113,380
Total Liabilities and Net Assets / Fund Balance$428,744$319,923▼ $108,821
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amma BofaExecutive DirectorFT$186,000$186,000

Board Members and Trustees

NameTitle
Jules WalterChairperson of the Board
Brittany BankstonPresident
Kevin WeilDirector
Maryanna QuigglesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$288,000
Program Service Revenue
$80,688
Investment Income
$0
Other Revenue
$0
All Other Contributions
$288,000
Change in Net Assets
$-113,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,582
Salaries, Compensation, and Employee Benefits$209,486
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$93,000$93,000-$186,000
Fees for Services Other$49,000$64,000-$113,000
Conferences and Meetings$71,517--$71,517
Travel$35,699--$35,699
Payroll Taxes-$23,486-$23,486
Information Technology$18,583$526-$19,109
Fees for Services Legal-$8,723-$8,723
Insurance$6,709--$6,709
Office Expenses-$5,464-$5,464
Fees for Services Accounting$2,700--$2,700
Other Expenses$35--$35
Total Functional Expenses$286,869$195,199$0$482,068
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

The board reviews and approves the draft form 990 before it is filed.

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

Board members and employees' primary duty is to uphold the organization's mission. Therefore, it is agreed that everyone will act in good faith and with fairness to the non-profit, superseding any conflicting interests one may have, such as those from business, personal, or other affiliations. It is acknowledged that no one must not use their position to: 1) take personal advantage of information gained through my role, and 2) benefit one's own interests in a way that is detrimental to the organization.

Form 990, Part VI, Section B, Line 15

The executive director of bpm is the principal representative of bpm and the person responsible for the efficient operation of the nonprofit. Therefore, it is the desire of bpm to provide a fair yet reasonable and not excessive compensation for the executive director (and any other compensated employees and contractors). The annual process for determining compensation is as follows: 1: the bpm board of directors will annually evaluate the executive director on his/her performance, and ask for his/her input on matters of performance and compensation. 2: the board will research and approve a fair compensation based on performance and product management industry data. 3: the bpm board will approve compensation for the executive director (and other employees and contractors) and documents how it reached decisions, including the data on which it relied, in minutes of the meeting during which the compensation was approved.

Form 990, Part VI, Section C, Line 19

Black product managers' financial statements, conflict of interest policy and governing documents are made available to the public upon request for the same period of time set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Black Product Managers
EIN
85-2790239
Phone
6503047627
Address
50 CALIFORNIA STREET 1500, SAN FRANCISCO, CA 94111

Signing Officer

Name
Amma Bofa
Title
Executive Director
Phone
6503047627
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amma Bofa
Formed
2020
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
40

Preparer

Firm
Hood & Strong Llp
Address
2580 N 1ST ST STE 460, SAN JOSE, CA 95131
Preparer
Jacob Yau
Phone
4089988400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Marketing and event planning: program service expenses 30,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,000. Other services: program service expenses 19,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,000. Workshops and training programs: program service expenses 0. Management and general expenses 20,000. Fundraising expenses 0. Total expenses 20,000. Website development and implementation: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000. Memberships and member support: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000. General and admin: program service expenses 0. Management and general expenses 24,000. Fundraising expenses 0. Total expenses 24,000.

Raw XML Appendix359 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS AND APPROVES THE DRAFT FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND EMPLOYEES' PRIMARY DUTY IS TO UPHOLD THE ORGANIZATION'S MISSION. THEREFORE, IT IS AGREED THAT EVERYONE WILL ACT IN GOOD FAITH AND WITH FAIRNESS TO THE NON-PROFIT, SUPERSEDING ANY CONFLICTING INTERESTS ONE MAY HAVE, SUCH AS THOSE FROM BUSINESS, PERSONAL, OR OTHER AFFILIATIONS. IT IS ACKNOWLEDGED THAT NO ONE MUST NOT USE THEIR POSITION TO: 1) TAKE PERSONAL ADVANTAGE OF INFORMATION GAINED THROUGH MY ROLE, AND 2) BENEFIT ONE'S OWN INTERESTS IN A WAY THAT IS DETRIMENTAL TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR OF BPM IS THE PRINCIPAL REPRESENTATIVE OF BPM AND THE PERSON RESPONSIBLE FOR THE EFFICIENT OPERATION OF THE NONPROFIT. THEREFORE, IT IS THE DESIRE OF BPM TO PROVIDE A FAIR YET REASONABLE AND NOT EXCESSIVE COMPENSATION FOR THE EXECUTIVE DIRECTOR (AND ANY OTHER COMPENSATED EMPLOYEES AND CONTRACTORS). THE ANNUAL PROCESS FOR DETERMINING COMPENSATION IS AS FOLLOWS: 1: THE BPM BOARD OF DIRECTORS WILL ANNUALLY EVALUATE THE EXECUTIVE DIRECTOR ON HIS/HER PERFORMANCE, AND ASK FOR HIS/HER INPUT ON MATTERS OF PERFORMANCE AND COMPENSATION. 2: THE BOARD WILL RESEARCH AND APPROVE A FAIR COMPENSATION BASED ON PERFORMANCE AND PRODUCT MANAGEMENT INDUSTRY DATA. 3: THE BPM BOARD WILL APPROVE COMPENSATION FOR THE EXECUTIVE DIRECTOR (AND OTHER EMPLOYEES AND CONTRACTORS) AND DOCUMENTS HOW IT REACHED DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF THE MEETING DURING WHICH THE COMPENSATION WAS APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BLACK PRODUCT MANAGERS' FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MARKETING AND EVENT PLANNING: PROGRAM SERVICE EXPENSES 30,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,000. OTHER SERVICES: PROGRAM SERVICE EXPENSES 19,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,000. WORKSHOPS AND TRAINING PROGRAMS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,000. WEBSITE DEVELOPMENT AND IMPLEMENTATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. MEMBERSHIPS AND MEMBER SUPPORT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. GENERAL AND ADMIN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,000.
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/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0428744
IRS990/TotalAssetsEOYAmt0319923
IRS990/TotalAssetsGrp/BOYAmt0428744
IRS990/TotalAssetsGrp/EOYAmt0319923
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0288000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0195199
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0286869
IRS990/TotalFunctionalExpensesGrp/TotalAmt0482068
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02407
IRS990/TotalLiabilitiesEOYAmt06966
IRS990/TotalLiabilitiesGrp/BOYAmt02407
IRS990/TotalLiabilitiesGrp/EOYAmt06966
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0426337
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0312957
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0286869
IRS990/TotalProgramServiceRevenueAmt080688
IRS990/TotalReportableCompFromOrgAmt0186000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080688
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0368688
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0428744
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0319923
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt035699
IRS990/TravelGrp/TotalAmt035699
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt050 CALIFORNIA STREET 1500
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094111
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.BLACKPRODUCTMANAGERS.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMMA BOFA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06503047627
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLACK PRODUCT MANAGERS
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0852790239
ReturnHeader/Filer/PhoneNum06503047627
ReturnHeader/Filer/USAddress/AddressLine1Txt050 CALIFORNIA STREET 1500
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094111
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0941254756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOOD & STRONG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02580 N 1ST ST STE 460
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JOSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095131
ReturnHeader/PreparerPersonGrp/PhoneNum04089988400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACOB YAU
ReturnHeader/ReturnTs02025-11-12T19:02:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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