Nyc African American Business Leaders Fd

Nonprofit profile at a glance

EIN
472776498
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
New York, NY, USA
Phone
3479606611
Rating confidence
Limited
Sector
Youth Development Programs

Reported finances

Revenue
$0
Expenses
$0
Assets
$19,930
Liabilities
$0

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

Leadership & pay

6 people listed

Executive titles in this filing

  • CAROL SUTTON LEWIS (PRESIDENT)

People named in this filing

  • KATHRYN CHENAULT (DIRECTOR)
  • DR AMELIA OGUNLESI (DIRECTOR)
  • BENAREE PRATT WILEY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The nyc african american business leaders fund's ("nyc aablf") is a charitable organization that is committed to promoting educational and life enhancing activities and opportunities for the next generation of leaders. The nyc aablf aims to fulfill its mission by selecting and funding activities in a number of areas, including, but not limited to, arts and culture, education, technology and financial literacy.

What it reported doing in 2024

During 2024 nycaablf did not have any program service accomplishments. They are not ceasing their programs and expect to resume their programmatic work soon.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 55
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 66.7%; rating input score 67; 1st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -85.7% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -60.2% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -17.2% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • 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 — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.