Okc Black Alumni Coaltion Inc

Nonprofit profile at a glance

EIN
873675088
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Spencer, OK, USA
Phone
4055376929
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Community Coalitions

Reported finances

Revenue
$63,266
Expenses
$13,343
Assets
$37,629
Liabilities
$0

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

Leadership & pay

9 people listed

Executive titles in this filing

  • SHAWNTAY ALEXANDER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SHAWNTAY ALEXANDER (EXECUTIVE DIRECTOR): $10,000 total reported compensation

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

Overview

Mission

The nbsp; mission nbsp; of nbsp; obac nbsp; is nbsp; to nbsp; increase nbsp; the nbsp; black nbsp; community apos; s nbsp; social nbsp; political nbsp; economic nbsp; and nbsp; educational nbsp; capital nbsp; in nbsp; the nbsp; Oklahoma nbsp; city nbsp; metropolitan nbsp; area

What it reported doing in 2024

The organization partnered with a local event center and held a rowing competition. The goal of the event was to create opportunities for alumni of the Oklahoma city and millwood public school systems to engage in community building activities. There were approximately 2000 attendees with 100 even participants (or rowers).

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 100
  • Accountability: 21
  • Sustainability: 65
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 21.1%; rating input score 21
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 78.9%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 2.82; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 74.9%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -30.3% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 85.1% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 64.9% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 21.1% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 8 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $42K in reported program spending
  • Leadership: top reported pay $10K · 9 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 21/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.