Nonprofit · EIN 30-1334785
BLACK ECONOMIC COLLECTIVE
Tax-exempt · GRESHAM, OR 97080
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $169,280 | $192,955 | -$23,675 | $80,885 | $0 | $80,885 |
| December 31, 2023 | 990 | $233,756 | $129,196 | $104,560 | $121,519 | $16,959 | $104,560 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $169,267
- of which government grants
- $5,000
- Program service revenue
- $0
- Investment income
- $13
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $109,098
- Salaries, compensation and benefits (total)
- $120,357
- Professional fundraising fees
- $0
- Accounting fees
- $11,240
- Travel
- $4,792
- Depreciation
- $588
- Program services (functional)
- $91,131
- Management and general (functional)
- $66,659
- Fundraising (functional)
- $35,165
Balance sheet and other
- Total assets, start of year
- $121,519
- Total assets, end of year
- $80,885
- Total liabilities, end of year
- $0
- Net assets, end of year
- $80,885
- Net assets without donor restrictions
- $78,385
- Net assets with donor restrictions
- $2,500
- Gross receipts
- $169,280
- Employees
- 4
- Year formed
- 2022
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN ODOM | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $55,403 |
| CHRISTIAN HUDNELL | BOARD MEMBER Trustee or director | 1 | $0 |
| JREYESHA BRANNON | BOARD CHAIR - SECRETARY Officer | 1 | $0 |
| OKECHUKWA NWEREM | TREASURER Officer | 1 | $0 |
| JATAUNE HALL | BOARD MEMBER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN ODOM | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $58,378 |
| JATAUNE HALL | BOARD MEMBER Officer | 1 | $0 |
| JREYESHA BRANNON | BOARD CHAIR - SECRETARY Officer | 1 | $0 |
| OKECHUKWA NWEREM | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3509 SW WONDERVIEW AVE, GRESHAM, OR 97080-8574
- In care of
- % BRIAN C ODOM
- Signed the 990
- BRIAN C ODOM, EXECUTIVE DIRETOR
- Phone
- (503) 935-1687
- Website
- HTTPS://WWW.BLACKEC.US
- Return prepared by
- Pacific Northwest Tax Service
Mission
THE BLACK ECONOMIC COLLECTIVE IS A GRASSROOTS, COMMUNITY-BASED ORGANIZATION WITH A MISSION OF COMMUNITY DEVELOPMENT THROUGH FINANCIAL EDUCATION, RESOURCE ALLOCATION, AND A COLLABORATIVE EFFORT.
Program accomplishments
- BECS ECONOMIC EMPOWERMENT INITIATIVE IS DEMONSTRATED THROUGH MULTIPLE PROJECTS SUCH AS OUR FINANCIAL LITERACY WORKSHOPS, ANNUAL HOMEOWNERSHIP WORKSHOP AND OUR SUPPORT BLACK BUSINESS CHALLENGE.Expenses $91,131
- BECS YOUTH ENRICHMENT INITIATIVE IS CARRIED OUT THROUGH OUR LITTLE AFRICA PROGRAM. LITTLE AFRICA IS A MENTORSHIP PROGRAM, GEARED TOWARDS BLACK MALE YOUTH WHERE WE EXPOSE THEM TO THE GREATER OUTDOORS, CONNECT THEM TO WORK OPPORTUNITIES AND AID THEM IN DEVELOPING LIFE SKILLS THAT ARE VITAL COMPONENTS OF ADULTHOOD, NECESSARY FOR THRIVING IN THE WORLD WE LIVE IN.
- BECS COMMUNITY OUTREACH INITIATIVE IS PRIMARILY EXPRESSED THROUGH A CONCERTED,INTENTIONAL EFFORT TO HIGHLIGHT AND APPRECIATE THE AMAZING WORK BEING DONE BY OTHER BLACK ORGANIZATIONS AS WELL AS THE SERVICES PROVIDED BY OUR LOCAL BLACK BUSINESSES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-1334785
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $80,885
- Income (IRS master file)
- $169,280
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $169,280 | $192,955 | $80,885 | IRS |
| 990 | December 2023 | $233,756 | $129,196 | $121,519 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-1334785).
Questions about BLACK ECONOMIC COLLECTIVE
- What is the EIN of BLACK ECONOMIC COLLECTIVE?
- The employer identification number (EIN) of BLACK ECONOMIC COLLECTIVE is 30-1334785.
- Is BLACK ECONOMIC COLLECTIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BLACK ECONOMIC COLLECTIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK ECONOMIC COLLECTIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BLACK ECONOMIC COLLECTIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLACK ECONOMIC COLLECTIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of BLACK ECONOMIC COLLECTIVE?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $55,403 (BRIAN ODOM, EXECUTIVE DIRECTOR).
- How much revenue does BLACK ECONOMIC COLLECTIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $169,280, expenses of $192,955 and total assets of $80,885 at year end.
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- GRESHAM BREAKFAST LIONS CLUB INC EIN 93-0958257 · last filed 990-N for 2025
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- OREGON CHIMNEY SWEEPS ASSOCIATION INC EIN 93-0739712 · last filed 990-N for 2025
All nonprofits in GRESHAM · Oregon · Community improvement and capacity building