Black Economic Justice Institute Inc

EIN: 464951690 501(c)(3) Education

Dorchester, MA

Total Revenue
$244,106
Total Expenses
$268,978
Total Assets
$157,375
Net Assets
$157,375
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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
2014
Legal Domicile
MA
Principal Officer
MARY M MALASZEK
Phone
6178694037
Tax Period
2021-01-01 to 2021-12-31

Black Economic Justice Institute Inc, founded in 2014, is a small nonprofit in the Education sector that reported $244K in total revenue in fiscal year 2021. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $269K exceeded revenue, resulting in a 10% operating deficit.

Mission

Help economically and socially disadvantaged obtain jobs

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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 (2021)

Revenue Breakdown

Contributions & Grants $242,934
Program Service Revenue $0
Investment Income $0
Other Revenue $1,172
TOTAL REVENUE $244,106

Expense Breakdown

Grants Paid $45,773
Salaries & Benefits $122,625
Fundraising Expenses $12,792
Program Expenses $60,023
Other Expenses $100,580
TOTAL EXPENSES $268,978

Year-over-Year Comparison

2021 2020 Change
Revenue $244,106 $483,168 -0.5%
Expenses $268,978 $304,500 -0.1%
Net Income $-24,872 $178,668 -1.1%
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
8
Independent Members
8
Employees
21
Volunteers
8

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
$5,575
Total Directors
9
$7,675
Key Employees
3
$32,850
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY ELLISON Director N/A
Director
$0 $0 $0
MARY M MALASZEK Treasurer N/A
Officer Director
$0 $0 $0
EVELYN NORMAN Director N/A
Director
$0 $0 $0
DARLENE PENROSE Clerk 20.00
Officer Director
$5,575 $0 $5,575
CORTINA VANN Assistant Clerk N/A
Officer Director
$0 $0 $0
LEON ROCK Director N/A
Director
$0 $0 $0
ROBIN KING Director N/A
Director
$0 $0 $0
DORA MUHAMMAD Director N/A
Director
$0 $0 $0
RACHELLE BROWN-MITCHELL Director 20.00
Director
$2,100 $0 $2,100
PRISCILLA FLINT-BANKS Program Director 40.00
Key Emp
$16,750 $0 $16,750
LARRY D BANKS Executive Director 30.00
Highest
$20,200 $0 $20,200
PAMELA E LOVE HR and Event Director 30.00
Key Emp
$16,100 $0 $16,100
RENEE BANKS-CLARK Director Operations 25.00
Key Emp
$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
2021 $244,106 $268,978 $157,375 $-24,872
2021 $244,106 $268,978 $157,375 $-24,872
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