BERKSHIRE BLACK ECONOMIC COUNCIL INC

EIN: 854196468 501(c)(3) Community Improvement

PITTSFIELD, MA

Total Revenue
$705,223
Total Expenses
$469,334
Total Assets
$789,909
Net Assets
$780,107
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MA
Principal Officer
ALFRED KWESI ENCHILL JR
Phone
4133449112
Tax Period
2024-01-01 to 2024-12-31

BERKSHIRE BLACK ECONOMIC COUNCIL INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $705K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $236K, a strong 33% operating margin.

Mission

ADVOCATE FOR ECONOMIC DEVELOPMENT OF BLACK OWNED BUSINESSES.

Program Service Accomplishments

Program 1
Expenses: $372,849

AID AND ADVOCATE FOR THE ECONOMIC DEVELOPMENT OF BLACK OWNED BUSINESSES THROUGH EDUCATION, NEIGHBORHOOD REVITALIZATION, ARTS RECRUITMENT AND SUPPORT.

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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 $705,223
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $705,223

Expense Breakdown

Grants Paid $45,143
Salaries & Benefits $273,508
Fundraising Expenses $50,493
Program Expenses $372,849
Other Expenses $150,683
TOTAL EXPENSES $469,334

Year-over-Year Comparison

2024 2023 Change
Revenue $705,223 $807,403 -0.1%
Expenses $469,334 $605,940 -0.2%
Net Income $235,889 $201,463 +0.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
8
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
3
$132,197
Total Directors
6
$132,197
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFRED KWESI ENCHILL JR EXECUTIVE DIRECTOR & PRESIDENT 40.00
Officer Director
$101,636 $30,561 $132,197
NYANNA SLAUGHTER TREASURER 3.00
Officer Director
$0 $0 $0
DR EMMANUAEL BILE CLERK 3.00
Officer Director
$0 $0 $0
MICHAEL WYNN DIRECTOR 3.00
Director
$0 $0 $0
WARREN DEWS DEWS III BOARD MEMBER 3.00
Director
$0 $0 $0
ALFRED ENCHILL SR BOARD MEMBER 3.00
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 $705,223 $469,334 $789,909 $235,889
2023 $807,403 $605,940 $607,599 $201,463
2022 $479,736 $186,773 $351,958 $292,963
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