EIN 83-3790370

Black Economic Alliance Foundation

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2019
Most recent tax filings
2022-12-01
Description
The Black Economic Alliance Foundation advances economic progress in Black communities by supporting research, education, and public policy development around work, wages, and wealth. The organization supports these efforts to empower the Black commun...
Total revenues
$16,214,838
2022
Total expenses
$7,586,742
2022
Total assets
$12,308,358
2022
Num. employees
4
2022

Program areas at Black Economic Alliance Foundation

Bea Foundation worked to support research, education, and public policy development around work, wages, and wealth in the Black community.
Center for Black entrepreneurship - the Black Economic Alliance Foundation, spelman college, and morehouse college have partnered to develop the center for Black entrepreneurship (cbe), the first-ever academic center of its kind to produce, train, and support a new class of Black entrepreneurial talent.the cbe seeks to eliminate the access barrier between Black entrepreneurs, professional investors, and business builders by leveraging education, mentorship, access to capital, and opportunity.

Who funds Black Economic Alliance Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Ford FoundationGeneral Support$500,000
The Blackrock Charitable FoundationRacial Equity$500,000
Robin Hood Foundation / Tudor Charitable TRPoverty Relief$500,000
...and 10 more grants received

Personnel at Black Economic Alliance Foundation

NameTitleCompensation
Samantha TweedyChief Executive Officer$417,291
David ClunieExecutive Director$127,475
Gerald AdolphFormer Treasurer$0

Financials for Black Economic Alliance Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$16,214,838
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,214,838

Form 990s for Black Economic Alliance Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122023-07-31990View PDF
2020-122021-12-20990View PDF
2019-122021-06-16990View PDF

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Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Received grants
Identified 9 new grant, including a grant for $500,000 from The Ford Foundation
December 29, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from Silicon Valley Community Foundation (SVCF)
September 25, 2023
Received grants
Identified 2 new grant, including a grant for $3,000,000 from Visa Foundation
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsHeadquarter / parent organizationsCharities
Issues
African Americans
Characteristics
Funds one specific organizationPolitical advocacyTax deductible donationsAccepts online donations
General information
Address
1032 15th St NW 247
Washington, DC 20005
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
foundation.blackeconomicalliance.org/ 
Phone
(202) 788-6888
IRS details
EIN
83-3790370
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T11: Philanthropy, Voluntarism and Grantmaking Foundations Single Organization Support
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Central organization
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