BLACK ECONOMIC ALLIANCE FOUNDATION

EIN: 833790370 501(c)(3) Philanthropy & Grantmaking

WASHINGTON, DC

Total Revenue
$22,891,381
Total Expenses
$8,814,333
Total Assets
$28,908,498
Net Assets
$26,181,327
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DC
Principal Officer
SAMANTHA TWEEDY
Phone
2027886888
Tax Period
2024-01-01 to 2024-12-31

BLACK ECONOMIC ALLIANCE FOUNDATION, founded in 2019, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $22.9M in total revenue in fiscal year 2024. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.1M, a strong 61% operating margin.

Mission

THE ORGANIZATION FOCUSES ON ADVANCING ECONOMIC PROGRESS IN BLACK COMMUNITIES BY SUPPORTING RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY.

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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 $22,265,062
Program Service Revenue $0
Investment Income $297,446
Other Revenue $328,873
TOTAL REVENUE $22,891,381

Expense Breakdown

Grants Paid $2,347,267
Salaries & Benefits $1,995,710
Fundraising Expenses $396,938
Program Expenses $7,483,401
Other Expenses $4,471,356
TOTAL EXPENSES $8,814,333

Year-over-Year Comparison

2024 2023 Change
Revenue $22,891,381 $7,972,048 +1.9%
Expenses $8,814,333 $12,438,564 -0.3%
Net Income $14,077,048 $-4,466,516 -4.2%
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
12
Independent Members
12
Employees
N/A
Volunteers
12

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
5
$484,599
Total Directors
12
$0
Key Employees
1
$272,004
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N ANTHONY COLES JR DIRECTOR, PRESIDENT 6.00
Officer Director
$0 $0 $0
VICKI PALMER DIRECTOR,TREASURER 4.90
Officer Director
$0 $0 $0
CHARLES PHILLIPS DIRECTOR, SECRETARY 6.00
Officer Director
$0 $0 $0
TIA BREAKLEY DIRECTOR, ASST TREASURER 2.40
Officer Director
$0 $0 $0
KNEELAND YOUNGBLOOD DIRECTOR 1.20
Director
$0 $0 $0
ROBYN COLES DIRECTOR 6.00
Director
$0 $0 $0
DEVAL PATRICK DIRECTOR 1.20
Director
$0 $0 $0
BRODERICK JOHNSON DIRECTOR 1.20
Director
$0 $0 $0
MATTIE MCFADDEN-LAWSON DIRECTOR 0.70
Director
$0 $0 $0
RICHELIEU DENNIS DIRECTOR 0.70
Director
$0 $0 $0
BENEREE WILEY DIRECTOR 0.70
Director
$0 $0 $0
ROSALIND BREWER DIRECTOR 0.70
Director
$0 $0 $0
SAMANTHA TWEEDY CHIEF EXECUTIVE DIRECTOR 34.00
Officer
$0 $33,176 $484,599
ALAINA BEVERLY EXECUTIVE VICE PRESIDENT 40.00
Key Emp
$0 $30,557 $272,004
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 $22,891,381 $8,814,333 $28,908,498 $14,077,048
2023 $7,972,048 $12,438,564 $15,708,685 $-4,466,516
2023 $12,905,048 $12,291,435 $16,027,539 $613,613
2022 $16,214,838 $7,586,742 $12,308,358 $8,628,096
2021 $5,116,564 $4,212,258 $4,033,079 $904,306
2020 $3,096,213 $177,069 $2,904,227 $2,919,144
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