EIN 88-1460629

Black Men Coalition Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2022
Most recent tax filings
2022-12-01
Description
The Black Men Coalition Foundation fosters and develops a safe and inclusive environment for Black men in Dane County through community involvement, mentorship, education, and employment skills. They expand economic opportunities by creating programs that provide the necessary soft skills for success as well as prepare individuals for work readiness, career development, and entrepreneurship. The foundation has partnerships with local lending institutions and financial consultants to offer innovative programming for Black men and youth in Dane County with a 6-week Financial Literacy Program.
Total revenues
$242,888
2022
Total expenses
$67,632
2022
Total assets
$175,256
2022
Num. employees
0
2022

Program areas at Black Men Coalition Foundation

Youth Baseball League: BMCF operates the largest free baseball youth league for indigent, underserved youth in Madison. The league provides an opportunity for the underserved children participating to learn and enjoy the game of baseball, while simultaneously promoting positive values of being part of a team, good sportsmanship, the importance of physical health and exercise, and creates a sense of community and belonging. BMCF covers all registration and participation fees, uniforms for the children, and provides all sporting equipment, and personnel required to run and manage league activities.
Financial Literacy Program: BMCF partners with accredited financial institutions (banks and community credit unions) to teach basic financial literacy skills to indigent, underserved members of the Madison community, with a focus on young black men and black youth across Dane County. BMCF (with its partners) run a 6 week Financial Literacy Program which teaches participants the importance of budgeting, managing expenses, and practises to improve their credit records and credit history.
Employment Workplace Transportation: BMCF works in collaboration with a cooperative job search employment placement organization (Black Men Coalition of Dane County LLC - BMCDC LLC) to find indigent young black men with employment, who are generally recently released parolees and at substantial disadvantage of gaining meaningful and stable employment after their release. BMCF provides free transportation services to enable these young men to timely, reliably and safely arrive and leave their places of employment, to maximize their likelihood of retaining gainful employment. BMCF has passenger vans running three shifts, seven days a week, to help transport employees to and from work, at no cost to the community members it serves. BMCDC was not established as a 501c.3 entity, however the purpose of that LLC is solely to find employment and place the recently paroled young men into meaningful, stable employment with third party businesses, and have those employment arrangements legally ring fenced from BMCF's other charitable activities (i.e. in 4a and 4b). The mission of BMCF and BMCDC are intrinsically linked and entirely consistent with the charitable purpose of BMCF. BMCF loaned BMCDC funds to help with initial cash flow to pay the placed young men with their initial salaries, payroll taxes and setup expenses (as disclosed on Schedule L, Part II). It is BMCF's intention to amalgamate BMCDC LLC into BMCF, during either 2024 or 2025.
Employment - To expand economic opportunities to the Black Men in Dane County. We have created programs that provide individuals with the soft skills necessary for success as well as prepare them for work readiness, career development and entrepreneurship.

Who funds Black Men Coalition Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dick's Sporting Goods FoundationCommunity Marketing Grant$20,000

Personnel at Black Men Coalition Foundation

NameTitleCompensation
Corey MarionneauxChief Executive Officer$0
Jeff ZisserDirector$0
Ashiantii Collier-SlatonSecretary$0

Financials for Black Men Coalition Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$242,888
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$242,888

Form 990s for Black Men Coalition Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122024-03-09990View PDF
2022-122023-09-22990View PDF
Data update history
May 21, 2024
Updated personnel
Identified 2 new personnel
May 19, 2024
Used new vendors
Identified 1 new vendor, including
February 4, 2024
Received grants
Identified 1 new grant, including a grant for $20,000 from Dick's Sporting Goods Foundation
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsCivic / social organizationsEmployment organizationsCharities
Issues
Human servicesAfrican AmericansJobs and employment
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
5 N Pinckney St
Madison, WI 53703
Metro area
Madison, WI
County
Dane County, WI
Website URL
bmcdc.org/ 
Phone
(608) 590-9625
IRS details
EIN
88-1460629
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
J12: Employment Fund Raising and Fund Distribution
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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