Chelsea Black Community

Nonprofit profile at a glance

EIN
861966422
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Chelsea, MA, USA
Phone
6178881602
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$245,592
Expenses
$226,315
Assets
$300
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the CBC is to continue to provide training education and information to a community of individuals of all races cultures and creeds who through a myriad of roadblocks have not been able to take advantage of all of the economic opportunities that our society offers to those that are informed and who have been willing to work and learn in creating success and prosperity to themselves and their families.

What it reported doing in 2024

Our Workforce Development Training and Educational Program was the major focus of our programming and expenditures of approximately $215,292. This included educational classes and skills training in the students most selected and enrolled training programs of Plumbing Heating Ventilation & Air Conditioning HVAC and Electricity. At the inception of this program we were the only citywide complete Skilled Trades Training Program. Other local organizations are also recognizing the benefits of implementing this program. We are proud that the majority of our previously enrolled students upon completing their initial coursework and training are advancing to the next level of training through apprenticeships or hands-on work in their chosen field with local unions. One student excelled academically in his electrical class and was awarded $500 serving as a role model. We are proud of his achievement and the excellent training provided by the Peter School often acknowledged as the Best Skills Training Program in the State of Massachusetts. This grant has enabled us to offer training for careers that many students may not have pursued or afforded otherwise. The program not only provides training but also fosters lifelong friendships and the potential for financially secure futures for students and their families.

Operating model

Revenue model
Grant-funded. 90% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 81
  • Accountability: 95
  • Sustainability: 37
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.9%; rating input score 67
  • Program expense ratio: 72.6%; rating input score 73
  • Fundraising efficiency: $10.24 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.8%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 40.5%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -13.3% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 7.3% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: -94.6% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 66.9% of revenue deployed · 72.6% of spending went to programs
  • Governance: 3 of 3 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $255K in reported program spending
  • Leadership: top reported pay $40K · 5 people listed
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Sustainability: Operating margin scored 56/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 6/100.