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Black Economic Alliance Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$12.9M (2023)

Expenses
$12.3M (2023)

Total Assets
$16M (2023)

Total Liabilities
$3.6M (2023)

Source: Form 990 tax filings from 2019 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,905,048
Expenses
$12,291,435
Net Income
$613,613
Net Assets
$12,423,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,858,895
99.6%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $46,153
0.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $250,496
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $234,254
1.9%
Assets/Debt
Total Assets $16,027,539
Total Liabilities $3,604,406
Net Assets $12,423,133
Compensation
Key Employees and Officers Compensation Related Other
Samantha Tweedy (Chief Executive Officer) $250,496 $62,897 $0
N Anthony Coles Jr (Director, President) $0 $0 $0
Vicki Palmer (Director,Treasurer) $0 $0 $0
Charles Phillips (Director, Secretary) $0 $0 $0
Tia Breakley (Director, Asst Treasurer) $0 $0 $0
Kneeland Youngblood (Director) $0 $0 $0
Robyn Coles (Director) $0 $0 $0
Deval Patrick (Director) $0 $0 $0
Broderick Johnson (Director) $0 $0 $0
Mattie Mcfadden Lawson (Director) $0 $0 $0
Richelieu Dennis (Director) $0 $0 $0
Benarie Wiley (Director) $0 $0 $0
Rosalind Brewer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,214,838
Expenses
$7,586,742
Net Income
$8,628,096
Net Assets
$12,306,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,214,838
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $544,767
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $39,149
0.5%
Assets/Debt
Total Assets $12,308,358
Total Liabilities $1,927
Net Assets $12,306,431
Compensation
Key Employees and Officers Compensation Related Other
Samantha Tweedy (President) $417,291 $0 $0
David Clunie (Executive Director) $127,475 $182,021 $0
N Anthony Coles Jr (Director,President Partial Year) $0 $0 $0
Vicki Palmer (Director, Treasurer) $0 $0 $0
Charles Phillips (Director, Secretary Partial Year) $0 $0 $0
Tia Breakley (Director, Asst Treasurer) $0 $0 $0
Kneeland Youngblood (Director) $0 $0 $0
Robyn Coles (Director) $0 $0 $0
Deval Patrick (Director) $0 $0 $0
Broderick Johnson (Director) $0 $0 $0
Mattie Mcfadden Lawson (Director) $0 $0 $0
Richelieu Dennis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,116,564
Expenses
$4,212,258
Net Income
$904,306
Net Assets
$3,678,335
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,116,564
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $345,183
8.2%
Professional Fundraising Fees $19,577
0.5%
Other Salaries and Wages $29,190
0.7%
Assets/Debt
Total Assets $4,033,079
Total Liabilities $354,744
Net Assets $3,678,335
Compensation
Key Employees and Officers Compensation Related Other
David Clunie (Executive Director) $190,123 $184,823 $8,912
Samantha Tweedy (Hce) $149,809 $0 $0
N Anthony Coles Jr (Co Chair,President) $0 $0 $0
Charles Phillips (Co Chair, Secretary) $0 $0 $0
Vicki Palmer (Director, Treasurer) $0 $0 $0
Tia Breakley (Director, Asst Treasurer) $0 $0 $0
Robyn Coles (Director) $0 $0 $0
Deval Patrick (Director) $0 $0 $0
Broderick Johnson (Director) $0 $0 $0
Kneeland Youngblood (Director) $0 $0 $0
Mattie Mcfadden Lawson (Director) $0 $0 $0
Richelieu Dennis (Director) $0 $0 $0
Gabrielle Sulzberger (Director Thru August, 2021) $0 $0 $0
Edward Lewis (Director Thru March, 2021) $0 $0 $0
Westley Moore (Director Thru June, 2021) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,096,213
Expenses
$177,069
Net Income
$2,919,144
Net Assets
$2,774,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,096,213
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $47,295
26.7%
Professional Fundraising Fees $6,375
3.6%
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,904,227
Total Liabilities $130,198
Net Assets $2,774,029
Compensation
Key Employees and Officers Compensation Related Other
David Clunie (Executive Director) $45,988 $204,012 $7,106
N Anthony Coles Jr (Director, President) $0 $0 $0
Vicki Palmer (Director, Treasurer) $0 $0 $0
Charles Phillips (Director, Secretary) $0 $0 $0
Tia Breakley (Director, Asst Treasurer) $0 $0 $0
Gerald Adolph (Former Treasurer) $0 $0 $0
Robyn Coles (Director) $0 $0 $0
Wes Moore (Director) $0 $0 $0
Broderick Johnson (Director) $0 $0 $0
Mattie Mcfadden Lawson (Director) $0 $0 $0
Edward Lewis (Director) $0 $0 $0
Richelieu Dennis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$575,000
Expenses
$720,115
Net Income
-$145,115
Net Assets
-$145,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $575,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $41,971
5.8%
Professional Fundraising Fees $402
0.1%
Other Salaries and Wages $21,578
3.0%
Assets/Debt
Total Assets $36,053
Total Liabilities $181,168
Net Assets -$145,115

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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