Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
990EZ • Fiscal year 2023 • EIN 88-3800775
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
73rd percentile
Higher top officer pay than 73% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Assets
$7,098
No earlier filing loaded for comparison.
Net Assets
-$66,776
No earlier filing loaded for comparison.
Liabilities
$73,874
No earlier filing loaded for comparison.
Revenue
$123,542
No earlier filing loaded for comparison.
Expenses
$190,318
No earlier filing loaded for comparison.
Net Income
-$66,776
No earlier filing loaded for comparison.
The mission of the Minority Wealth Gap organization is to minimize and eliminate the Wealth Gap through a War on Poverty in the Black and Hispanic Community. Black and Hispanic families have difficulty ascending the economic ladder. Black and Hispanic communities have high numbers of unbanked or underbanked populations.
| Description | Grants | Expenses |
|---|---|---|
| Tech-Driven Empowerment: A Recap of Minority Wealth Gap's Impactful 2023In the ever-evolving landscape of social empowerment, Minority Wealth Gap (MWG) stands as a beacon of progress, steering under resourced communities toward a brighter future. The narrative of our journey in 2023 unfolds through a series of TechSoup events that not only fostered knowledge-sharing but also fueled our commitment to making a lasting impact.The year commenced with a dynamic discussion on Google ads and Digital Marketing, intertwining insights from Npower and HTA recruitment efforts for the Technology and Hospitality Sector training. This marked the beginning of a concerted effort to equip our community members with the skills and tools needed to thrive in a tech-centric world.Our endeavors extended beyond the digital realm as we orchestrated a compelling Mental Health open discussion. Led by our community Doctor, Ms. Shabnam Balali, the session aimed to destigmatize mental health challenges and promote accessibility to crucial resources.The breadth of our engagement expanded further, encompassing financial planning discussions facilitated by World Financial Group and Primerica. This comprehensive approach underscored our commitment to addressing the multifaceted needs of the communities we serve.In the fight against Domestic Violence, MWG Director Ms. Catherine Turyamureeba spearheaded discussions under the Bernice Program. Her impactful role transcended our immediate community, as she shared insights at the Banyankole Kweterana International (BKI) online event during October's Domestic Violence Month. Catherine's presence illuminated the importance of solidarity and support for those affected.As we reflected on the profound impact of our events, a surge in pleas for help via our website underscored the pressing needs of those grappling with domestic violence, homelessness, and more. This underscored the urgency of our mission and fortified our resolve to continue being a pillar of support.Amidst the challenges, we were fortunate to receive scholarships that allowed us to attend workforce development seminars with the Department of Labor and California Forward. These opportunities not only enriched our knowledge but also forged partnerships that will pave the way for sustainable career pathways for the communities we serve.Looking ahead to 2024, we are poised for growth and are eager to extend our outreach to the Hispanic Community. With gratitude for our current partners, sponsors, and networks, we anticipate scaling our efforts to provide employment opportunities and uplift those in need.Minority Wealth Gap: Where Tech meets Empowerment, and Every Community Thrives. | - | $190,318 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JEMBA SENKANDWA | President & CEO | - | $0 | - | - |
“Advertising and Promotion $136569”
“Office Expenses $7636”
“Travel $9249”
“Conferences, Conventions, and Meetings $3460”
“Amortization $5000”
“Insurance $767”
“Contact and professional fees $17512”
“Charitable donatiions $1924”
“AWARDS AND GRANTS $1198”
“SUPPLIES $1113”
“AUTO EXPENSE $119”
“DUES AND FEES $85”
“REPAIRS $64”
“Intangible Assets - Beginning $0 Intangible Assets - Ending $5596”
“Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $44487”
“CREDIT CARDS PAYABLE - Beginning $0 CREDIT CARDS PAYABLE - Ending $29387”
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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JEMBA SENKANDWA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8184802171 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10650 MOORPARK ST |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | TOLUCA LAKE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 91602 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1502 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 123542 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
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| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -66776 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4122 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 7098 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 123542 |
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| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -66776 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -66776 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 1500 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President & CEO |
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| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 5596 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 184696 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The mission of the Minority Wealth Gap organization is to minimize and eliminate the Wealth Gap through a War on Poverty in the Black and Hispanic Community. Black and Hispanic families have difficulty ascending the economic ladder. Black and Hispanic communities have high numbers of unbanked or underbanked populations. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Tech-Driven Empowerment: A Recap of Minority Wealth Gap's Impactful 2023In the ever-evolving landscape of social empowerment, Minority Wealth Gap (MWG) stands as a beacon of progress, steering under resourced communities toward a brighter future. The narrative of our journey in 2023 unfolds through a series of TechSoup events that not only fostered knowledge-sharing but also fueled our commitment to making a lasting impact.The year commenced with a dynamic discussion on Google ads and Digital Marketing, intertwining insights from Npower and HTA recruitment efforts for the Technology and Hospitality Sector training. This marked the beginning of a concerted effort to equip our community members with the skills and tools needed to thrive in a tech-centric world.Our endeavors extended beyond the digital realm as we orchestrated a compelling Mental Health open discussion. Led by our community Doctor, Ms. Shabnam Balali, the session aimed to destigmatize mental health challenges and promote accessibility to crucial resources.The breadth of our engagement expanded further, encompassing financial planning discussions facilitated by World Financial Group and Primerica. This comprehensive approach underscored our commitment to addressing the multifaceted needs of the communities we serve.In the fight against Domestic Violence, MWG Director Ms. Catherine Turyamureeba spearheaded discussions under the Bernice Program. Her impactful role transcended our immediate community, as she shared insights at the Banyankole Kweterana International (BKI) online event during October's Domestic Violence Month. Catherine's presence illuminated the importance of solidarity and support for those affected.As we reflected on the profound impact of our events, a surge in pleas for help via our website underscored the pressing needs of those grappling with domestic violence, homelessness, and more. This underscored the urgency of our mission and fortified our resolve to continue being a pillar of support.Amidst the challenges, we were fortunate to receive scholarships that allowed us to attend workforce development seminars with the Department of Labor and California Forward. These opportunities not only enriched our knowledge but also forged partnerships that will pave the way for sustainable career pathways for the communities we serve.Looking ahead to 2024, we are poised for growth and are eager to extend our outreach to the Hispanic Community. With gratitude for our current partners, sponsors, and networks, we anticipate scaling our efforts to provide employment opportunities and uplift those in need.Minority Wealth Gap: Where Tech meets Empowerment, and Every Community Thrives. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 190318 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 73874 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 190318 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 190318 |
| IRS990EZ/TotalRevenueAmt | 0 | 123542 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | https://www.minoritywealthgap.org |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 123542 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 123542 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 123542 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 123542 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 123542 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 123542 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Advertising and Promotion $136569 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Office Expenses $7636 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Travel $9249 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Conferences, Conventions, and Meetings $3460 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Amortization $5000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Insurance $767 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | CONTACT AND PROFESSIONAL FEES $17512 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | CHARITABLE DONATIIONS $1924 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | AWARDS AND GRANTS $1198 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | SUPPLIES $1113 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | AUTO EXPENSE $119 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | DUES AND FEES $85 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | REPAIRS $64 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Intangible Assets - Beginning $0 Intangible Assets - Ending $5596 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $44487 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | CREDIT CARDS PAYABLE - Beginning $0 CREDIT CARDS PAYABLE - Ending $29387 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1007 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.1010 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Expenses.7 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Other Assets.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Total Liabilities.1006 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Total Liabilities.1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd | 0 | FAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JEMBA SENKANDWA |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President & CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-03-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MINORITYWEALTHGAP |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MINO |
| ReturnHeader/Filer/EIN | 0 | 883800775 |
| ReturnHeader/Filer/PhoneNum | 0 | 8184802171 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 10650 MOORPARK ST 110 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TOLUCA LAKE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 91602 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 954795996 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Inland Business & Mgmt Services Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 375 Cameo Way |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Brea |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 92823 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9097303545 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Michael Budka |
| ReturnHeader/ReturnTs | 0 | 2024-03-30T11:02:39-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JEMBA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | SENKANDWA |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2025Detailed filing. Detailed filing data is available for this year. | $0.91 | $0.11 | $0.80 | $1.18 | $1.19 | $0.01 |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.81 | $0.81 | $1.29 | $0.48 | $0.81 | |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.07 | $0.74 | $0.67 | $1.24 | $1.90 | $0.67 |