The Black Star Project

EIN: 364098045 501(c)(3) Education

Chicago, IL

Total Revenue
$610,082
Total Expenses
$482,392
Total Assets
$127,273
Net Assets
$99,565
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
Gloria Smith
Phone
7732853600
Tax Period
2023-01-01 to 2023-12-31

The Black Star Project, founded in 1996, is a small nonprofit in the Education sector that reported $798K in total revenue in fiscal year 2017. Revenue decreased 10% compared to the prior year. Expenses of $893K exceeded revenue, resulting in a 12% operating deficit.

Mission

To elevate the conciousness and involvement of African Americans in areas of finance, economics, banking, law management, business, entrepreneurship, savings and investment

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $601,986
Program Service Revenue $8,000
Investment Income $96
Other Revenue $0
TOTAL REVENUE $610,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $136,897
Fundraising Expenses $0
Program Expenses $240,042
Other Expenses $345,495
TOTAL EXPENSES $482,392

Year-over-Year Comparison

2023 2022 Change
Revenue $610,082 $300,693 +1.0%
Expenses $482,392 $326,838 +0.5%
Net Income $127,690 $-26,145 -5.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
16
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$22,780
Total Directors
6
$22,780
Key Employees
2
$22,780
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gloria Smith Exec Director 040.00
Officer Director Key Emp Highest
$22,780 $0 $22,780
James Colon Director N/A
Director
$0 $0 $0
Peter P Tong Director N/A
Director
$0 $0 $0
Gloria Smith Secretary N/A
Officer Director Key Emp
$0 $0 $0
Cathy Clark Treasurer N/A
Officer Director
$0 $0 $0
Lee Blakemore Director N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $610,082 $482,392 $127,273 $127,690
2023 No data No data No data No data
2022 $300,693 $326,838 $39,115 $-26,145
2022 $223,760 $253,230 $10,000 $-29,470
2021 $356,248 $177,817 $193,182 $178,431
2020 $207,949 $207,335 $38,574 $614
2019 $94,298 $193,218 $2,666 $-98,920
2018 $344,862 $307,695 $97,798 $37,167
2017 $798,254 $892,882 $62,858 $-94,628
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