Civic Intelligence

Blac Inc.

990 • Fiscal year 2021 • EIN 85-4258202

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 30, 2023

Organization ProfileBLACINTERNSHIP.ORG
PO Box 6000Chicago, IL 60680

(847) 345-8607

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.03x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

56th percentile

13%

Higher net margin than 56% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets70th percentile

Assets

$21,161

No earlier filing loaded for comparison.

Net Assets

$20,516

No earlier filing loaded for comparison.

Liabilities

$645

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin56th percentile

Revenue

$155,241

No earlier filing loaded for comparison.

Expenses

$134,725

No earlier filing loaded for comparison.

Net Income

$20,516

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2021: $21,161Liabilities 2021: $645Net Assets 2021: $20,5162021Assets 2022: $101,528Liabilities 2022: $5,150Net Assets 2022: $96,3782022Assets 2023: $138,721Liabilities 2023: $23,122Net Assets 2023: $115,5992023Assets 2024: $61,536Liabilities 2024: $7,013Net Assets 2024: $54,5232024

Highlighted filing

2021

Assets$21,161
Liabilities$645
Net Assets$20,516
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $155,241Expenses 2021: $134,725Net Income 2021: $20,5162021Revenue 2022: $281,717Expenses 2022: $205,855Net Income 2022: $75,8622022Revenue 2023: $436,224Expenses 2023: $417,003Net Income 2023: $19,2212023Revenue 2024: $356,509Expenses 2024: $417,585Net Income 2024: -$61,0762024

Highlighted filing

2021

Revenue$155,241
Expenses$134,725
Net Income$20,516
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 30, 2023
Return Version
2021v4.0
Gross Receipts
$155,241
Mission and Program Overview

Mission

To bring more young black people into advertising, ensuring they can fully express themselves, find community, and ultimately lead.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$21,161-
Total Assets$0$21,161▲ $21,161
Liabilities
Accounts Payable and Accrued Expenses-$645-
Total Liabilities$0$645▲ $645
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$20,516-
Total Net Assets Fund Balance$0$20,516▲ $20,516
Total Liabilities and Net Assets / Fund Balance$0$21,161▲ $21,161
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Christopher WitherspoonChairman
Christy HilerSecreary
Avigail SchlosserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$155,205
Investment Income
$36
Other Revenue
$0
Change in Net Assets
$20,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,725
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$113,618--$113,618
Fees for Services Legal$19,427--$19,427
Insurance$1,680--$1,680
Total Functional Expenses$134,725$0$0$134,725
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
Backup withholding compliance
No
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
No
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

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Blac Inc
EIN
85-4258202
Address
PO BOX 6000, CHICAGO, IL 60680
Doing Business As
Blac Inc

Signing Officer

Name
Avigail Schlosser
Title
Treasurer
Phone
8473458607
Signed
2023-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Witherspoon
Formed
2021
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Ravi Dutt CPA
Address
6 OAK BROOK CLUB DRIVE UNIT J105, OAK BROOK, IL 60523
Preparer
Ravi Dutt CPA
Phone
6302058904
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bank charges 50 0 0 contractors 83,040 0 0 interns 3,150 0 0 business meeting meals 1,406 0 0 office supplies & software 1,236 0 0 other business expenses 370 0 0 quick books 73 0 0 advertising material 4,109 0 0 training 20,184 0 0 total 113,618 0 0”

Raw XML Appendix233 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/ExplanationTxt2BANK CHARGES 50 0 0 CONTRACTORS 83,040 0 0 INTERNS 3,150 0 0 BUSINESS MEETING MEALS 1,406 0 0 OFFICE SUPPLIES & SOFTWARE 1,236 0 0 OTHER BUSINESS EXPENSES 370 0 0 QUICK BOOKS 73 0 0 ADVERTISING MATERIAL 4,109 0 0 TRAINING 20,184 0 0 TOTAL 113,618 0 0
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/TaxPeriodBeginDt02021-05-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,161
Liabilities
$645
Net assets
$20,516
Revenue
$155,241
Expenses
$134,725
Net income
$20,516
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.07$0.55$3.57$4.18$0.61
2023Detailed filing. Detailed filing data is available for this year.$1.39$0.23$1.16$4.36$4.17$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.05$0.96$2.82$2.06$0.76
2021Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.21$1.55$1.35$0.21