BLACK LIBERATION FUND

EIN: 851622249 501(c)(3) Crime & Legal

SUMMERVILLE, SC

Total Revenue
$203,633
Total Expenses
$287,207
Total Assets
$103,359
Net Assets
$103,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
SC
Principal Officer
LATISHA VINCENT-WATERS
Phone
8033872552
Tax Period
2023-06-01 to 2024-05-31

BLACK LIBERATION FUND, founded in 2020, is a small nonprofit in the Crime & Legal sector that reported $204K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $287K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE BLACK LIBERATION FUND WORKS TO ALLEVIATE OBSTACLES AND HARDSHIPS THAT THE STIGMA OF INCARCERATION BRINGS TO BLACK FAMILIES AND INCARCERATED PERSONS THROUGH AN ABOLITIONIST FRAMEWORK OFFERING DIRECT SERVICES, EDUCATION, ADVOCACY, AND RESOURCES.

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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 $152,069
Program Service Revenue $51,000
Investment Income $204
Other Revenue $360
TOTAL REVENUE $203,633

Expense Breakdown

Grants Paid $2,575
Salaries & Benefits $156,418
Fundraising Expenses $45,726
Program Expenses $146,079
Other Expenses $128,214
TOTAL EXPENSES $287,207

Year-over-Year Comparison

2023 2022 Change
Revenue $203,633 $287,066 -0.3%
Expenses $287,207 $374,761 -0.2%
Net Income $-83,574 $-87,695 0.0%
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
3
Independent Members
2
Employees
3
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
2
$120,000
Total Directors
3
$120,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LATISHA VINCENT-WATERS PRESIDENT 85
Officer Director
$120,000 $0 $120,000
DAKARI WATERS CHAIR 10
Officer Director
$0 $0 $0
DANIELLE LERKING BOARD MEMBER 5
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 $203,633 $287,207 $103,359 $-83,574
2023 $287,066 $374,761 $186,933 $-87,695
2022 $508,148 $303,244 $274,628 $204,904
2021 $1,150,157 $1,101,667 $71,314 $48,490
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