Civic Intelligence

Black Wealth Summit Inc.

EIN 85-2809001 • 501(c)3 • Lanham, MD

Pub. 78 Eligible

Profile

To create an inclusive wealth and financial educational experience, uniquely designed to bring together champions and channels that will foster prosperity for Black lives.

9501 Sheridan Street STE 200Lanham, MD 20706

blackwealthsummit.com

Siviq Scores

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

Liabilities / Assets

97th percentile

2.65x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

1.48x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

31st percentile

-9.5%

Higher net margin than 31% of similar nonprofits.

501(c)3 • <$500k 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

57th percentile

1.5%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Revenue Growth

28th percentile

-25%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$154,247

Up $30,354 (+25%) from 2024

Liabilities

Down

$296,338

Down $31,851 (-9.7%) from 2024

Net Assets

Up

-$142,091

Up $62,205 (+30%) from 2024

Operations
Liabilities / Revenue96th percentileNet Margin31st percentile

Revenue

Up

$356,609

Up $134,834 (+61%) from 2024

Expenses

Up

$294,403

Up $51,564 (+21%) from 2024

Net Income

Up

$62,206

Up $83,270 (+395%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

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

$400K$200K$0-$200K-$400KAssets 2021: $118,555Liabilities 2021: $0Net Assets 2021: $118,5552021Assets 2022: $114,520Liabilities 2022: $123,000Net Assets 2022: -$8,4802022Assets 2023: $18,953Liabilities 2023: $180,000Net Assets 2023: -$161,0472023Assets 2024: $123,893Liabilities 2024: $328,189Net Assets 2024: -$204,2962024Assets 2025: $154,247Liabilities 2025: $296,338Net Assets 2025: -$142,0912025

Highlighted filing

2025

Assets$154,247
Liabilities$296,338
Net Assets-$142,091
Open 2025 Filing

Operations Trend

Revenue Growth28th percentile

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

$1.0M$500K$0-$500KRevenue 2021: $533,255Expenses 2021: $415,685Net Income 2021: $117,5702021Revenue 2022: $802,454Expenses 2022: $979,749Net Income 2022: -$177,2952022Revenue 2023: $478,861Expenses 2023: $631,427Net Income 2023: -$152,5662023Revenue 2024: $221,775Expenses 2024: $242,839Net Income 2024: -$21,0642024Revenue 2025: $356,609Expenses 2025: $294,403Net Income 2025: $62,2062025

Highlighted filing

2025

Revenue$356,609
Expenses$294,403
Net Income$62,206
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$154,247
Liabilities
$296,338
Net assets
-$142,091
Revenue
$356,609
Expenses
$294,403
Net income
$62,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.54$2.96$1.42$3.57$2.94$0.62
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$3.28$2.04$2.22$2.43$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.19$1.80$1.61$4.79$6.31$1.53
2022Detailed filing. Detailed filing data is available for this year.$1.15$1.23$0.08$8.02$9.80$1.77
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$5.33$4.16$1.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Apr 14, 2026
Return Version
2025v4.1
Gross Receipts
$356,609
Mission and Program Overview

Mission

To create an inclusive wealth and financial educational experience, uniquely designed to bring together champions and channels that will foster prosperity for Black lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$353,189$321,338▼ $31,851
Cash and Non-Interest-Bearing Accounts$123,893$154,247▲ $30,354
Rtn Earn Endowment Incm Other Fnds$-204,296$-142,091▲ $62,205
Total Assets$123,893$154,247▲ $30,354
Liabilities
Accounts Payable and Accrued Expenses$-25,000$-25,000→ $0
Total Liabilities$328,189$296,338▼ $31,851
Net Assets / Fund Balance
Total Net Assets Fund Balance$-204,296$-142,091▲ $62,205
Total Liabilities and Net Assets / Fund Balance$123,893$154,247▲ $30,354
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Cedric NashPresident
Michael RobinsonVice-President
Renea J PierreSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$356,609
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$356,609
Change in Net Assets
$62,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$294,403
Total Fundraising Expense$15,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$123,750--$123,750
Fees for Services Other$83,750$4,250$15,000$103,000
Fees for Services Management$35,000--$35,000
Advertising$12,000--$12,000
Other Expenses$2,682$5,673-$5,673
Travel$3,506--$3,506
All Other Expenses-$3,443-$3,443
Insurance-$1,780-$1,780
Information Technology-$720-$720
Fees for Services Accounting-$600-$600
Total Functional Expenses$260,688$18,715$15,000$294,403
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Oakland Consulting Group Inc100% owned by officerCash contribution from S-corp wholly owned byNo$191,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$353,189$321,338▼ $31,851
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 governing body review Part VI line 11

“Copies of this Form 990 were disseminated to the Board of Directors for their review and approval prior to the submission of said form.”

Conflict of interest policy compliance Part VI line 12C

“The Board of Directors has adopted and established a Conflict of interest policy. This policy applies to the board members, officers and managers of the organization. There is an annual affirmation clause in the policy that states that all directors, officers and managers shall annually affirm this policy.”

Governing documents etc available to public Part VI line 19

“The Form 990 will be made available to the public upon written request to the administrative headquarters located in Lanham, MD.”

Filing and Contact Details

Filer

Filer Name
Black Wealth Summit Inc
EIN
85-2809001
In Care Of
% Cedric Nash
Phone
3015774111
Address
9501 Sheridan Street STE 200, Lanham, MD 20706

Signing Officer

Name
Cedric Nash Director
Title
President
Phone
3015774111
Signed
2026-04-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Cedric Nash Director
Formed
2020
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Philos Tax and Accounting Services
Address
321 Vale Summit S, Laurel, MD 20724
Preparer
Ted Petito
Phone
3018757125
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Rounding”

List of other fees for services expenses Part IX line 11G

“Event Speakers - $ 51,000.00 Production & AV - $ 25,000.00 Event management - $ 4,500.00 Videographer - $ 3,250.00”

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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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Cedric E Nash
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Oakland Consulting Group inc
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2N3 Tek LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1100% officer owned
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2100% officer owned
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2false
IRS990ScheduleL/TotalBalanceDueAmt0321338
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of this Form 990 were disseminated to the Board of Directors for their review and approval prior to the submission of said form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors has adopted and established a Conflict of interest policy. This policy applies to the board members, officers and managers of the organization. There is an annual affirmation clause in the policy that states that all directors, officers and managers shall annually affirm this policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 will be made available to the public upon written request to the administrative headquarters located in Lanham, MD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rounding
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Event Speakers - $ 51,000.00 Production & AV - $ 25,000.00 Event management - $ 4,500.00 Videographer - $ 3,250.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0123893
IRS990/TotalAssetsEOYAmt0154247
IRS990/TotalAssetsGrp/BOYAmt0123893
IRS990/TotalAssetsGrp/EOYAmt0154247
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0356609
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018715
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260688
IRS990/TotalFunctionalExpensesGrp/TotalAmt0294403
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0328189
IRS990/TotalLiabilitiesEOYAmt0296338
IRS990/TotalLiabilitiesGrp/BOYAmt0328189
IRS990/TotalLiabilitiesGrp/EOYAmt0296338
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-204296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-142091
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0260688
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0356609
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0123893
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0154247
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt03506
IRS990/TravelGrp/TotalAmt03506
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09501 Sheridan Street Ste 200
IRS990/USAddress/CityNm0Lanham
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020706
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0https://blackwealthsummit.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CEDRIC NASH DIRECTOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03015774111
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-04-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Black Wealth Summit Inc
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0852809001
ReturnHeader/Filer/InCareOfNm0% Cedric Nash
ReturnHeader/Filer/PhoneNum03015774111
ReturnHeader/Filer/USAddress/AddressLine1Txt09501 Sheridan Street STE 200
ReturnHeader/Filer/USAddress/CityNm0Lanham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020706
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871991315
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Philos Tax and Accounting Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0321 Vale Summit S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Laurel
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020724
ReturnHeader/PreparerPersonGrp/PhoneNum03018757125
ReturnHeader/PreparerPersonGrp/PreparationDt02026-04-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TED PETITO
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-04-14T20:24:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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