THE BLACK COLLECTIVE INC

EIN: 832831423 501(c)(3) Community Improvement

MIAMI, FL

Total Revenue
$666,645
Total Expenses
$860,134
Total Assets
$292,343
Net Assets
$279,743
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
VALENCIA GUNDER
Phone
9544457954
Tax Period
2024-01-01 to 2024-12-31

THE BLACK COLLECTIVE INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $667K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $860K exceeded revenue, resulting in a 29% operating deficit.

Mission

WE CENTER THE EXPERIENCES OF THE AFRICAN DISPORA IN FLORIDA. WE ARE A MOVEMENT COMMITTED TO BUILDING AND PROMOTING A SHARED BLACK AGENDA TO ELEVATE POLITICAL CONSCIOUSNESS AND BUILD POLITICAL AND ECONOMIC POWER FOR BLACK COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $653,441
Program Service Revenue $0
Investment Income $13,204
Other Revenue $0
TOTAL REVENUE $666,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $339,228
Fundraising Expenses $0
Program Expenses $625,351
Other Expenses $520,906
TOTAL EXPENSES $860,134

Year-over-Year Comparison

2024 2023 Change
Revenue $666,645 $580,856 +0.1%
Expenses $860,134 $656,145 +0.3%
Net Income $-193,489 $-75,289 +1.6%
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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Governance

Voting Members
4
Independent Members
4
Employees
9
Volunteers
5

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
$70,346
Total Directors
4
$70,346
Key Employees
1
$70,346
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALENCIA GUNDER CHAIRMAN 40.00
Officer Director Key Emp Highest
$70,346 $0 $70,346
KEON WILLIAMS TREASURER 20.00
Officer Director
$0 $0 $0
JOSHUA JONES SECRETARY 20.00
Officer Director
$0 $0 $0
TOPEKA SAMS DIRECTOR 20.00
Director
$0 $0 $0
NATHANIEL MOREAU EMPLOYEE 40.00
Highest
$62,808 $0 $62,808
MOISE SIMBERT EMPLOYEE 40.00
Highest
$44,654 $0 $44,654
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 $666,645 $860,134 $292,343 $-193,489
2022 $455,559 $368,408 $554,772 $87,151
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