Nonprofits›Black Ambition Opportunity Inc

Civil Rights, Social Action & Advocacy

Black Ambition Opportunity Inc

MIAMI, FL

Website

Total revenue

$6.1M

Total expenses

$7.3M

Net assets

$7.7M

Grants received

$16.1M

11 grants

EIN

851559517

Tax year

2024

Mission

Provide increased economic opportunities to underrepresented entrepreneurs to bridge wealth and opportunity gaps through entrepreneurship by increasing both the pipeline of diverse entrepreneurs as well as the number of historically excluded entrepreneurs who succeed at raising necessary startup capital.

Financials

FY 2024

Revenue

Contributions & grants$6.1M
Program service revenue$13K
Investment income$854
Other revenue—
Total revenue$6.1M

Expenses

Grants paid$1.8M
Salaries & benefits$969K
Fundraising$157K
Other expenses$4.6M
Total expenses$7.3M
Total assets$10.5M
Net assets$7.7M

People

4 listed

NameRoleCompensation

Felicia Hatcher

CEO

Board

$419K

40 hrs/wk

Pharrell Williams

Director & Chair

Board

—

1 hrs/wk

Erik Moore

Board Member

Board

—

1 hrs/wk

Ron Laffitte

Board Member

Board

—

1 hrs/wk

Grants received

Showing 11 of 11

FromAmountPurposeYear
Silicon Valley Community Foundation
$9K
Civic Participation
2024
POLICYLINK
$1.4M
CROSSCUTTING STRATEGIES
2023
Silicon Valley Community Foundation
$1.3M
Civic Participation
2023
LENNAR FOUNDATION
$1M
THE TRUTH IS, BLACK AMBITION IS LIMITLESSBLACK AMBITION IS A NON-PROFIT INITIATIVE WORKING TO CLOSE THE OPPORTUNITY AND WEALTH GAP THROUGH ENTREPRENEURSHIP. WE INVEST CAPITAL AND RESOURCES IN HIGH-GROWTH STARTUPS FOUNDED BY BLACK AND HISPANIC ENTREPRENEURS. WE BELIEVE ENTREPRENEURS HISTORICALLY LEFT OUT OF TRADITIONAL INVESTMENT FUNNELS ARE BUILDING THE COMPANIES OF TOMORROW.
2023
THE ROCKEFELLER FOUNDATION
$250K
IN GENERAL SUPPORT OF THEIR MISSION TO PROVIDE INCREASED ECONOMIC OPPORTUNITIES TO UNDERSERVED COMMUNITIES AND BRIDGE THE RACIAL WEALTH GAP THROUGH ENTREPRENEURSHIP
2023
THE OREGON COMMUNITY FOUNDATION
$70K
Economic Development
2023
ORANGE COUNTY COMMUNITY FOUNDATION
$25K
HUMAN SERVICES
2023
POLICYLINK
$9.6M
CORE SUPPORT
2022
Visa Foundation
$1M
to support providing people of color, women and LGBTQIA+ entrepreneurs with access to capital, mentorship, operational resources and networks
2022
LENNAR FOUNDATION
$1M
THE TRUTH IS, BLACK AMBITION IS LIMITLESS BLACK AMBITION IS A NON-PROFIT INITIATIVE WORKING TO CLOSE THE OPPORTUNITY AND WEALTH GAP THROUGH ENTREPRENEURSHIP. WE INVEST CAPITAL AND RESOURCES IN HIGH-GROWTH STARTUPS FOUNDED BY BLACK AND HISPANIC ENTREPRENEURS. WE BELIEVE ENTREPRENEURS HISTORICALLY LEFT OUT OF TRADITIONAL INVESTMENT FUNNELS ARE BUILDING THE COMPANIES OF TOMORROW.
2022
Silicon Valley Community Foundation
$500K
Civil Participation
2022

Funded by

$16.1M from 7 funders · 11 grants · 2022–2024

Policylink

$11.0M · 2 grants · 2022–2023

Lennar Foundation

$2M · 2 grants · 2022–2023

Silicon Valley Community Foundation

$1.8M · 3 grants · 2022–2024

Visa Foundation

$1M · 1 grant · 2022

The Rockefeller Foundation

$250K · 1 grant · 2023

The Oregon Community Foundation

$70K · 1 grant · 2023

Orange County Community Foundation

$25K · 1 grant · 2023

Details

EIN851559517
NTEE codeR30
Subsection03
Ruling date2022-10
Formed2020
Employees8
Volunteers0
BLACK AMBITION OPPORTUNITY INC — Mission, Financials & Grants Received | Grantivo