BLACK INVENTORS HALL OF FAME

EIN: 853629825 501(c)(3) Arts, Culture & Humanities

WHARTON, NJ

Total Revenue
$61,271
Total Expenses
$61,166
Total Assets
$982
Net Assets
$-55,189
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NJ
Principal Officer
JAMES HOWARD
Phone
9732785400
Tax Period
2023-01-01 to 2023-12-31

BLACK INVENTORS HALL OF FAME, founded in 2020, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $61K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

THE WORK OF THE BLACK INVENTORS HALL OF FAME IS TO SHARE THE STORY OF AFRICAN AMERICAN INVENTORS. BLACK INVENTORS HALL OF FAME SERVES AS A CONDUIT FOR A BROADER AND DEEPER INTERPRETIVE LIFE COMMUNITY THAT HAS ENDURED THE CHALLENGE OF A LACK OF FRANCHISE TO UPLIFT AND MOVE A NATION FORWARD, AND IN DOING SO, AN INNOVATIVE SPIRIT THAT OWES NO APOLOGIES FOR ITS IMMENSE DEPTHS OF ACCOMPLISHMENT.

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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 $61,271
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $61,271

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,260
Other Expenses $61,166
TOTAL EXPENSES $61,166

Year-over-Year Comparison

2023 2022 Change
Revenue $61,271 $73,835 -0.2%
Expenses $61,166 $110,446 -0.4%
Net Income $105 $-36,611 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL COFER BOARD MEMBER N/A
Director
$0 $0 $0
SUSAN VAN ALSTYNE EDD BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL HOWARD BOARD MEMBER N/A
Director
$0 $0 $0
DR AKIL KHALFANI BOARD MEMBER N/A
Director
$0 $0 $0
SHAWN M YEARWOOD BOARD MEMBER N/A
Director
$0 $0 $0
DR DALE CALDWELL FOUNDER N/A
Officer
$0 $0 $0
JAMES HOWARD EXECUTIVE DI N/A
Officer
$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
2023 $61,271 $61,166 $982 $105
2022 $73,835 $110,446 $1,292 $-36,611
2021 $56,807 $75,763 $18,737 $-18,956
2020 $1,040 $767 $273 $273
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