NonprofitsCenter For Black Innovation Inc

Youth Development

Center For Black Innovation Inc

MIAMI, FL

Total revenue

$565K

Total expenses

$880K

Net assets

$712K

Grants received

$929K

13 grants

EIN

472134965

Tax year

2024

Mission

Our mission is to eliminate the racial wealth gap by increasing the bottom line for Black business owners and expanding hiring opportunities for. Black job seekers. We achieve this through exposure to innovation pathways, scaling Black innovation ecosystems, and implementing data-driven policies to diversify existing ecosystems.

Programs

1 program

The DA Dorsey program provides individuals and group coaching and consulting from industry experts to culinarians and restarant owners to develop solid resilient infrastructure that generates revenue.

Expenses: $63KGrants: $63K

Financials

FY 2024

Revenue

Contributions & grants$485K
Program service revenue$66K
Investment income$14K
Other revenue
Total revenue$565K

Expenses

Grants paid$28K
Salaries & benefits$341K
Fundraising
Other expenses$512K
Total expenses$880K
Total assets$888K
Net assets$712K

People

6 listed

NameRoleCompensation

Derick Pearson

Executive Dir.

Board

$155K

40 hrs/wk

Starex Smith

Vice President

Board

$125K

40 hrs/wk

Felecia Hatcher

Chairman

Board

2 hrs/wk

Gerald Nieves Cairo

President

Board

2 hrs/wk

JacaylaToson

Secretary

Board

2 hrs/wk

William Hatcher

Director

Board

2 hrs/wk

Grants received

Showing 13 of 13

FromAmountPurposeYear
$18K
PROGRAM SUPPORT
2024
$42K
PROGRAM SUPPORT
2023
$100K
FOLLOW-ON FUNDING
2022
$51K
PROGRAM SUPPORT
2022
$20K
PROGRAM SUPPORT
2021
$312K
COVID SUPPORT
2020
$40K
PROGRAM SUPPORT
2020
$25K
PROGRAM SUPPORT
2020

Funded by

$929K from 5 funders · 13 grants · 2020–2024

St Thomas University Inc

$312K · 1 grant · 2020

American Online Giving Foundation Inc

$300K · 3 grants · 2020–2022

The Miami Foundation Inc

$195K · 6 grants · 2020–2024

Echoing Green Inc

$100K · 1 grant · 2022

Mightycause Charitable Foundation

$22K · 2 grants · 2023–2024

Details

EIN472134965
NTEE codeO50
Subsection03
Ruling date2016-04
Formed2014
Employees5
Volunteers10
CENTER FOR BLACK INNOVATION INC — Mission, Financials & Grants Received | Grantivo