Nonprofits247 Blac

Community Improvement & Capacity Building

247 Blac

WATERLOO, IA

Total revenue

$455K

Total expenses

$462K

Net assets

$734K

Grants received

$730K

11 grants

EIN

901179763

Tax year

2024

Mission

Coordination of redevelopment efforts

Programs

2 programs

PROJECT HOME - In 2024 Project Home a public-private partnership focused on increasing Black homeownership in the Waterloo Cedar Falls IA supported 12 participants in achieving first-time homeownership. The program provided targeted education financial literacy and resources to help participants navigate the home-buying process and secure financing promoting wealth-building and financial stability.

Expenses: $79KGrants: $24K

PITCH COMPETITION - Vitality Pitch Competition - In 2024 The Vitality Pitch Competition showcased highlighted and supported small businesses in the Cedar Valley. Entrepreneurs who complete the Vitality Business Accelerator present their business concepts to a panel of judges for an opportunity to win seed funding and gain exposure. The competition strengthens our local entrepreneurial ecosystem by providing training visibility and direct financial support to emerging founders.

Expenses: $100KGrants: $40K

Financials

FY 2024

Revenue

Contributions & grants$368K
Program service revenue$85K
Investment income$2K
Other revenue
Total revenue$455K

Expenses

Grants paid$74K
Salaries & benefits$107K
Fundraising$1K
Other expenses$280K
Total expenses$462K
Total assets$734K
Net assets$734K

People

8 listed

NameRoleCompensation

SHARINA SALLIS

PRESIDENT

Board

3 hrs/wk

KINGSLEY BOTCHWAY

TREASURER

Board

3 hrs/wk

KALOLA ROBY

SECRETARY

Board

2 hrs/wk

TAVIS HALL

BOARD MEMBER

Board

1 hrs/wk

TRAVIS FERGUSON

BOARD MEMBER

Board

1 hrs/wk

LYNN LAGRONE

BOARD MEMBER

Board

1 hrs/wk

KEYAIRA MILLER

BOARD MEMBER

Board

1 hrs/wk

ALLEN SPELLER

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 11 of 11

FromAmountPurposeYear
$200K
GENERAL OPERATING SUPPORT
2024
$80K
CHARITABLE
2024
$10K
NEEDS BASED
2024
$100K
SUPPORT FOR THE BLACK BUSINESS ACCELERATOR, AN ENTREPRENEURIAL ECOSYSTEM ADDRESSING UNIQUE NETWORKING, EDUCATION AND CAPITAL CHALLENGES FACED BY BLACK FOUNDERS THROUGH ACCESS/RESOURCES & TO PROMOTE BUSINESS RESILIENCY AND SUSTAINABILITY. 202104-10297
2023
$50K
GENERAL OPERATING SUPPORT
2023
$6K
Vitality Black Businesss Expo & Pitch Competition
2023
$150K
GENERAL OPERATING AND CAPACITY BUILDING SUPPORT
2022
$54K
24/7 BLAC - PROJECT HOME
2022
$10K
GENERAL SUPPORT
2022
$50K
BLACK BUSINESS AND ENTREPRENEURSHIP ACCELERATOR
2020
$20K
CHARITABLE
2020

Funded by

$730K from 7 funders · 11 grants · 2020–2024

Northwest Area Foundation

$400K · 3 grants · 2022–2024

Black Hawk County Gaming Association

$104K · 2 grants · 2020–2022

Trustage Foundation Inc

$100K · 2 grants · 2020–2024

Ewing Marion Kauffman Foundation

$100K · 1 grant · 2023

Dupaco RW Hoefer Foundation

$10K · 1 grant · 2024

Care Initiatives

$10K · 1 grant · 2022

GreenState Credit Union

$6K · 1 grant · 2023

Details

EIN901179763
NTEE codeS300
Subsection03
Ruling date2007-07
Formed2021
Employees1
Volunteers5
247 BLAC — Mission, Financials & Grants Received | Grantivo