Denver, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Foundation for Black Entrepreneurship, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2021. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 7% surplus.
We provide high touch services and business development programming for Black Women Entrepreneurs. These activities will help close the equity gap in entrepreneurship for female business owners.
In 2021, our programs directly supported over 500 Black women entrepreneurs through training, coaching sessions, consultations, and back-office business technical services, with 22% of our...
In 2021, our programs directly supported over 500 Black women entrepreneurs through training, coaching sessions, consultations, and back-office business technical services, with 22% of our participants returning to participate in more than one program. Although SGN is comprised 100% of Black women, we served a diverse group. Participants varied in age, household size, annual income, and industry. While our participant age group ranged from 20 to 55+ years old, over 40% of our participants were in their mid-40s with an average annual household of $50,000 - $100,000. To further the mission and goals of our organization, several new partnerships were secured in 2021. These strategic partnerships led to increases in program delivery and the number of Black women served, as well over $237,500 in new funding. Examples of new partners include Xfinity/Comcast, Xcel Energy, Southwest Airlines, Amazon, and Kaiser Permanente, to name just a few. Through highly-vetted business professionals, the SGN provided 130 free coaching sessions to assist Black women-owned businesses with the creation of strategic marketing plans, budgetary goals, and product design. In alignment with the trends of the digital age, 2021 saw our digital footprint increase tremendously. Having positioned ourselves as a credible resource in the arena of ecommerce, digital marketing, and web services, in 2021 we reached 14,857 followers on social media, which was a 25% increase over 2020. We also achieved 210,723 unique web page views, which was a 12% increase over 2020.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $1,255,984 | $732,549 | +0.7% |
| Expenses | $1,165,437 | $519,536 | +1.2% |
| Net Income | $90,547 | $213,013 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Makisha Boothe | CEO | 40.00 |
Officer
|
$81,166 | $0 | $81,166 |
| Kadija Taylor | Chairman | 6.00 |
Director
|
$0 | $0 | $0 |
| Shakira Pleasant | Chairman | 6.00 |
Director
|
$0 | $0 | $0 |
| Regina Groff | Chairman | 6.00 |
Director
|
$0 | $0 | $0 |
| Karen Geter | Treasurer | 6.00 |
Director
|
$0 | $0 | $0 |
| Monique Madara | Secretary | 6.00 |
Director
|
$0 | $0 | $0 |
| Keo Frazier | Director | 6.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $1,255,984 | $1,165,437 | $394,455 | $90,547 |
| 2020 | $732,549 | $519,536 | $259,398 | $213,013 |
Compare Foundation for Black Entrepreneurship with other nonprofits in Colorado and across the country.