Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Minoritywealthgap
990EZ • Fiscal year 2024 • EIN 88-3800775
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
89th percentile
Higher net margin than 89% of similar nonprofits.
Top Officer Pay
71st percentile
Higher top officer pay than 71% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
52nd percentile
Faster revenue growth than 52% of similar nonprofits.
Balance Sheet
Assets
Up$81,226
Up $74,128 (+1044%) from 2023
Net Assets
Up$81,226
Up $148,002 (+222%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$128,847
Up $5,305 (+4.3%) from 2023
Expenses
Down$47,621
Down $142,697 (-75%) from 2023
Net Income
Up$81,226
Up $148,002 (+222%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Feb 14, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $128,847
Mission and Program Overview
Mission
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.
Program Services
| 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. | - | $41,621 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JEMBA SENKANDWA | President & CEO | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Minoritywealthgap
- EIN
- 88-3800775
- Phone
- 8184802171
- Address
- 13649 PINNACLE WAY, MOORPARK, CA 93021
Signing Officer
- Name
- Jemba Senkandwa
- Title
- President & CEO
- Signed
- 2025-02-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Inland Business & Mgmt Services Inc
- Address
- 375 Cameo Way, Brea, CA 92823
- Preparer
- Michael Budka
- Phone
- 9097303545
Supplemental Narrative
Additional Explanations
Other Expenses.1001
“Advertising and Promotion $20299”
Other Expenses.1005
“Travel $3442”
Other Expenses.1010
“Amortization $706”
Other Expenses.1
“Charitable donatiions $7266”
Other Expenses.2
“CONSULTING $4128”
Other Expenses.3
“SOFTWARE $4029”
Other Expenses.5
“SUPPLIES $755”
Other Expenses.6
“SPONSORSHIP $675”
Other Expenses.7
“DUES AND FEES $614”
Other Expenses.8
“AWARDS AND GRANTS $46”
Other Assets.1012
“Intangible Assets - Beginning $5596 Intangible Assets - Ending $4890”
Other Assets.1
“OTHER ASSETS - Beginning $0 OTHER ASSETS - Ending $2098”
Other Assets.2
“- Beginning $0 - Ending $559”
Total Liabilities.1
“- Beginning $7098 - Ending $0”
Raw XML Appendix143 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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| 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. |
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| 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. |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
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| IRS990EZ/TotalRevenueAmt | 0 | 128847 |
| 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 | 128188 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 123542 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 251730 |
| 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 | 251730 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 128188 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 251730 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 251730 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Advertising and Promotion $20299 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Travel $3442 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Amortization $706 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CHARITABLE DONATIIONS $7266 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CONSULTING $4128 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | SOFTWARE $4029 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | SUPPLIES $755 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | SPONSORSHIP $675 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | DUES AND FEES $614 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | AWARDS AND GRANTS $46 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Intangible Assets - Beginning $5596 Intangible Assets - Ending $4890 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | OTHER ASSETS - Beginning $0 OTHER ASSETS - Ending $2098 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | - Beginning $0 - Ending $559 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | - Beginning $7098 - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1010 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.7 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.8 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Assets.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Assets.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JEMBA SENKANDWA |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President & CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-14 |
| 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 | 13649 PINNACLE WAY |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MOORPARK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 93021 |
| 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 | 2025-02-25T09:58:32-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $81,226
- Liabilities
- -
- Net assets
- $81,226
- Revenue
- $128,847
- Expenses
- $47,621
- Net income
- $81,226
| 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 |