NonprofitsAfrican American Alliance Of Cdfi Ceos Inc

Community Improvement & Capacity Building

African American Alliance Of Cdfi Ceos Inc

ORLANDO, FL

Total revenue

$8.6M

Total expenses

$5.8M

Net assets

$11.2M

Grants received

$20.1M

49 grants

EIN

852659114

Tax year

2024

Mission

The Alliance serves Black -led CDFIs Nationwide. Founded in 2018, The Alliance has grown with 56 Black-led community development financial institutions (CDFIs) committed to the support and growth of Black Communities and the Black executives leading CDFIs that serve those communit.

Financials

FY 2024

Revenue

Contributions & grants$8.3M
Program service revenue$243K
Investment income$17K
Other revenue
Total revenue$8.6M

Expenses

Grants paid$42K
Salaries & benefits$2.8M
Fundraising
Other expenses$3.0M
Total expenses$5.8M
Total assets$14.5M
Net assets$11.2M

People

10 listed

NameRoleCompensation

Watchen Bruce

Vice Chair

Board

120 hrs/wk

Donna Grambrell

Chair

Board

120 hrs/wk

Marshall Crawfoard

Treasurer

Board

120 hrs/wk

Calvin Holmes

Member Emeritus

Board

120 hrs/wk

Victor Elmore

Member Emeritus

Board

120 hrs/wk

Vandell Hampton

Secretary

Board

120 hrs/wk

Lenwood V Long Sr

CEO/Admin

Staff

$215K

1 hrs/wk

Erica Lynn Mcpherson

SVP/ Economic development & Lending

Staff

$179K

1 hrs/wk

Ryan Gremillion

VP/ Policy & Research

Staff

$171K

1 hrs/wk

Chavella Sangokoya

SVP / Programs & Strategic Initiative

Staff

$170K

1 hrs/wk

Grants received

Showing 49 of 49

FromAmountPurposeYear
$2M
THE ALLIANCE BUILDING CAPACITY INITIATIVE
2024
$300K
BUILDING HEALTH AND WEALTH FOR BLACK COMMUNITIES IN CALIFORNIA
2024
$125K
IN SUPPORT OF GENERAL OPERATIONS
2024
$100K
GENERAL OPERATING GRANT
2024
$80K
PROJECT SUPPORT GRANT FOR THE DEVELOPMENT OF A PROGRAM TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE.
2024
$25K
General operating support
2024
$25K
ANNUAL MEMBER CONFERENCE SUPPORT
2024
$5M
Community Builders of Color Coalition
2023
$1.5M
TOWARD THE COSTS OF CREATING A FUND FOR MEMBER CDFIS TO ORIGINATE CREDIT ENHANCEMENT LOANS FOR DISADVANTAGED SMALL BUSINESSES IN LOW-TO MODERATE INCOME COMMUNITIES IN BALTIMORE, MD, CHICAGO, IL, AND MIAMI, FL.
2023
$1.5M
THE ALLIANCE BUILDING CAPACITY INITIATIVE
2023
$500K
COMMUNITY BUILDERS OF COLOR COALITION GHGRF SUPPORT
2023
$500K
GENERAL SUPPORT
2023
$250K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2023
$200K
BUILDING HEALTH AND WEALTH FOR BLACK COMMUNITIES IN CALIFORNIA: TO BUILD THE ORGANIZATIONAL CAPACITY OF BLACK-LED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN CALIFORNIA AND ACROSS THE COUNTRY WORKING TO IMPROVE THE HEALTH, WEALTH AND POWER OF BLACK FAMILIES AND COMMUNITIES.
2023
$175K
THE ALLIANCE FOR ECONOMIC EQUITY
2023
$125K
in support of general operations
2023
$100K
GREENHOUSE GAS REDUCTION FUND: COMMUNITY BUILDERS OF COLOR COALITION
2023
$40K
THE KRESGE GRANT WILL HELP SUPPORT THE DEVELOPMENT OF A PROGRAM TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO BLACK-LED CDES THAT WILL PREPARE THEM TO APPLY AND, TO THE EXTENT THAT SUCH STRATEGIES EXIST, EMPLOY STRATEGIES THAT WILL INCREASE THEIR OPPORTUNITIES FOR SUBMITTING A SUCCESSFUL NEW MARKETS TAX CREDITS APPLICATION.
2023
$25K
Jobs and Family Economic Security
2023
$25K
CHARITABLE DONATION
2023
$25K
GRANT FOR BUSINESS SUPPORT ORGANIZATION
2023
$20K
ENVIRONMENTAL PROGRAMS
2023
$2.5M
TOWARD THE COSTS OF CREATING A FUND FOR MEMBER CDFIS TO ORIGINATE CREDIT ENHANCEMENT LOANS FOR DISADVANTAGED SMALL BUSINESSES IN LOW-TO MODERATE INCOME COMMUNITIES IN BALTIMORE, MD, CHICAGO, IL, AND MIAMI, FL.
2022
$1.5M
THE ALLIANCE BUILDING CAPACITY INITIATIVE
2022
$500K
build the internal capacity of community development financial institutions by providing access to new technology and innovative practices that will lead to the modernization of current practices and more efficient processing of loans and development of new lending products for communities of color
2022
$300K
1 GRANT(S) FOR VARYING PURPOSES
2022
$250K
ENVIRONMENTAL PROGRAMS
2022
$200K
provide general operating support to help the organization advance its mission of Black executives committed to closing the racial wealth gap through the collective efforts of the community development financial institutions they lead
2022
$121K
THE KRESGE GRANT WILL HELP SUPPORT THE DEVELOPMENT OF A PROGRAM TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO BLACK-LED CDES THAT WILL PREPARE THEM TO APPLY AND, TO THE EXTENT THAT SUCH STRATEGIES EXIST, EMPLOY STRATEGIES THAT WILL INCREASE THEIR OPPORTUNITIES FOR SUBMITTING A SUCCESSFUL NEW MARKETS TAX CREDITS APPLICATION.
2022
$100K
In support of general operations
2022
$100K
ALLIANCE SUPPORT FOR SOCIAL IMPACT
2022
$75K
GENERAL SUPPORT
2022
$60K
FOCUS & ADVOCACY ON HOUSING ISSUES THAT CENTER RACIAL EQUITY
2022
$43K
INTERNAL CAPACITY BUILDING FOR BLACK LED CDFI'S
2022
$25K
PROVIDE GENERAL OPERATING SUPPORT
2022
$25K
GRANT FOR BUSINESS SUPPORT ORGANIZATION
2022
$20K
GENERAL SUPPORT
2022
$10K
TORNADO RELIEF - MISSISSIPPI
2022
$9K
THIS GRANT REQUEST WILL SUPPORT THE INITIAL PLANNING PHASE OF THE PROPOSED NMTC PROGRAM FOR THE ALLIANCE CDFI MEMBERS.
2022
$350K
BUILDING HEALTH AND WEALTH FOR BLACK COMMUNITIES IN CALIFORNIA: TO BUILD THE ORGANIZATIONAL CAPACITY OF BLACK-LED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN CALIFORNIA AND ACROSS THE COUNTRY WORKING TO IMPROVE THE HEALTH, WEALTH AND POWER OF BLACK FAMILIES AND COMMUNITIES.
2021
$313K
GENERAL OPERATING SUPPORT
2021
$300K
BUILDING HEALTH AND WEALTH FOR BLACK COMMUNITIES IN CALIFORNIA: TO BUILD THE ORGANIZATIONAL CAPACITY OF BLACK-LED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN CALIFORNIA AND ACROSS THE COUNTRY WORKING TO IMPROVE THE HEALTH, WEALTH AND POWER OF BLACK FAMILIES AND COMMUNITIES.
2021
$200K
provide general operating support to help the organization advance its mission of Black executives committed to closing the racial wealth gap through the collective efforts of the community development financial institutions they lead
2021
$50K
BUILDING HEALTH AND WEALTH FOR BLACK COMMUNITIES IN CALIFORNIA: TO BUILD THE ORGANIZATIONAL CAPACITY OF BLACK-LED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN CALIFORNIA AND ACROSS THE COUNTRY WORKING TO IMPROVE THE HEALTH, WEALTH AND POWER OF BLACK FAMILIES AND COMMUNITIES.
2021
$50K
GENERAL OPERATING SUPPORT
2021
$250
SUPPORT FOR PARTICIPATION IN CA DEMODATA COLLABORATIVE FOCUS GROUP
2021

Funded by

$20.1M from 25 funders · 49 grants · 2020–2024

Waverley Street Foundation

$5M · 1 grant · 2023

Citi Foundation

$5M · 3 grants · 2022–2024

The Rockefeller Foundation

$4M · 2 grants · 2022–2023

The California Endowment

$1.2M · 5 grants · 2021–2024

WK Kellogg Foundation

$925K · 4 grants · 2021–2023

Jpmorgan Chase Foundation

$613K · 3 grants · 2021–2023

East Bay Community Foundation

$500K · 1 grant · 2023

Freedom Together Foundation

$500K · 1 grant · 2023

Details

EIN852659114
NTEE codeS01
Subsection03
Ruling date2021-01
Formed2021
Employees27
Volunteers0
AFRICAN AMERICAN ALLIANCE OF CDFI CEOS INC — Mission, Financials & Grants Received | Grantivo