Civic Intelligence

Black Hedge Fund Professionals Network Corp

990EZ • Fiscal year 2022 • EIN 87-4188939

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 25, 2023

2472 Broadway Suite 309New York, NY 10024

(267) 402-0321

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

99th percentile

90%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$57,411

No earlier filing loaded for comparison.

Net Assets

$57,411

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$63,755

No earlier filing loaded for comparison.

Expenses

$6,344

No earlier filing loaded for comparison.

Net Income

$57,411

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2022: $57,411Net Assets 2022: $57,4112022

Highlighted filing

2022

Assets$57,411
Liabilities-
Net Assets$57,411

Operations Trend

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

$80K$60K$40K$20K$0Revenue 2022: $63,755Expenses 2022: $6,344Net Income 2022: $57,4112022

Highlighted filing

2022

Revenue$63,755
Expenses$6,344
Net Income$57,411
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 25, 2023
Return Version
2022v5.0
Gross Receipts
$63,755
Mission and Program Overview

Mission

The organization was formed with the charitable purpose to support the careers of Black and brown underrepresented minorities in the hedge fund and financial services industry and to advance equal job opportunities in such industries. The Organizations activities include providing networking, education and professional development opportunities for investment management industry professionals and service providers of color, for the purpose of facilitating access and career progression, and providing a platform for firms to identify diverse talent and to learn about best practices for hiring, retaining and promoting such professionals. Our activities for investment management industry professionals are geared to cater to the spectrum of tenure in the industry, including pre and early career as well as experienced professionals.

Facilitating the careers of black and brown professionals in the hedge fund industry through networking and career advancement opportunities. Driving the pipeline of new black and brown entrants into the hedge fund industry through outreach and education. Engaging with industry leaders and HR professionals to facilitate the sharing of best practices to hire, retain and promote black and brown employees.

Program Services

DescriptionGrantsExpenses
Successfully secured over $60,000 in contributions and organized our inaugural networking event.-$4,272
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andra OfosuPresidentPT$0--
Adebola OsakweTreasurer-$0--
Alan BowserChairman-$0--
Michelle NoyesSecretary-$0--
Angela Outlaw-MathenyDirector-$0--
Filing and Contact Details

Filer

Filer Name
Black Hedge Fund Professionals Network
EIN
87-4188939
Phone
2674020321
Address
2472 Broadway Suite 309, New York, NY 10024

Signing Officer

Name
Andra Ofosu
Title
President
Signed
2023-04-25
Discuss with paid preparer
Yes

Preparer

Firm
Marjorie L McPike CPA
Address
36154 Agape Ln, Wildomar, CA 92595
Preparer
Marjorie McPike
Phone
8444272523
Supplemental Narrative

Additional Explanations

Other Expenses.1

Venue Expense $3216

Other Expenses.3

Software Subsciption $218

Other Expenses.4

Dues and Subsciptions $124

Other Expenses.5

Bank Charges $30

Other Expenses.6

Marketing $25

Other Assets.1005

Accounts Receivable - Beginning $0 Accounts Receivable - Ending $30000

Raw XML Appendix151 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Kaiesha Davidson
IRS990EZ/BooksInCareOfDetail/PhoneNum03105284402
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02472 Broadway Suite 309
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0New York
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010025
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt027411
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt063755
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt057411
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01675
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt057411
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt063755
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt057411
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt057411
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt08.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt23.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt33.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt43.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Andra Ofosu
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Adebola Osakwe
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Alan Bowser
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Michelle Noyes
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Angela Outlaw-Matheny
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt030000
IRS990EZ/OtherExpensesTotalAmt03613
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Facilitating the careers of black and brown professionals in the hedge fund industry through networking and career advancement opportunities. Driving the pipeline of new black and brown entrants into the hedge fund industry through outreach and education. Engaging with industry leaders and HR professionals to facilitate the sharing of best practices to hire, retain and promote black and brown employees.
IRS990EZ/PrintingPublicationsPostageAmt01056
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Successfully secured over $60,000 in contributions and organized our inaugural networking event.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt04272
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt06344
IRS990EZ/TotalProgramServiceExpensesAmt04272
IRS990EZ/TotalRevenueAmt063755
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt063755
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt063755
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt063755
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt063755
IRS990ScheduleA/Total509Grp/TotalAmt063755
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt063755
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt063755
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Venue Expense $3216
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Software Subsciption $218
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Dues and Subsciptions $124
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Bank Charges $30
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Marketing $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Accounts Receivable - Beginning $0 Accounts Receivable - Ending $30000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.1005
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Andra Ofosu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Black Hedge Fund Professionals Network
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0874188939
ReturnHeader/Filer/PhoneNum02674020321
ReturnHeader/Filer/USAddress/AddressLine1Txt02472 Broadway Suite 309
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010024
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272525061
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Marjorie L McPike CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt036154 Agape Ln
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wildomar
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092595
ReturnHeader/PreparerPersonGrp/PhoneNum08444272523
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Marjorie McPike
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-04-25T09:53:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Andra
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Ofosu
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$57.4$57.4$63.8$6.34$57.4