2023-11-16T16:33:38-05:00 2022-12-31 310984945 WHALEN CPAS 250 WEST OLD WILSON BRIDGE ROAD STE WORTHINGTON OH 43085 990 2022-01-01 851559517 BLACK AMBITION OPPORTUNITY INC BLAC 3102290371 360 NW 27TH STREET MIAMI FL 33127 RON LAFFITTE TREASURER 3102290371 2023-11-13 true RON LAFFITTE 999009999 true JEFFERY A PUMPLUN CPA P01615641 6143964200 2023-11-14 2022 2023-04-26 12:10:37Z RON LAFFITTE 360 NW 27TH STREET MIAMI FL 33127 15514312 false X WWW.BLACKAMBITIONPRIZE.COM X 2020 DE PROVIDE INCREASED ECONOMIC OPPORTUNITIES TO BLACK AND LATINX COMMUNTIES AND BRIDGE THE RACIAL WEALTH GAP 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. 5 5 6 0 15514291 0 21 0 15514312 1576000 0 454310 0 136992 2131941 4162251 11352061 13804199 2452138 11352061 X PROVIDE INCREASED ECONOMIC OPPORTUNITIES TO BLACK AND LATINX COMMUNTIES AND BRIDGE THE RACIAL WEALTH GAP 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. false false 3326292 1576000 BLACK AMBITION AWARDS FINANCIAL SUPPORT TO EARLY-STAGE BUSINESSES AND ENTREPRENUERS COMPRISED OF DIVERSE TEAMS THAT HAVE SHOWN PROGRESS AGAINST CONCEPT, BUT HAVE RAISED LESS NO MORE THAN 1 MILLION IN DILUTIVE FUNDING. BY FOCUSING ON DIVERSE TEAMS OF BUSINESSES AND ENTREPRENEURS WITH LIMITED FUNDING, THE PROGRAM PROMOTES SOCIAL WELFARE BY WORKING TO ELIMINATE PREJUDICE AND DISCRIMINATION FROM THE BUSINESS STARTUP PROCESS WHILE ALSO MITIGATING ITS PAST EFFECTS. 3326292 true true false false false false false false false false false false false true true false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 23 0 6 false false false false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true false false true true false X FELICIA HATCHER 4785955976 360 NW 27TH STREET MIAMI FL 33127 FELICIA HATCHER CEO 40.00 X 183006 0 0 RON LAFFITTE TREASURER 1.00 X X 0 0 0 HELEN LASICHANH DIRECTOR 1.00 X 0 0 0 CAROLYN WILLIAMS DIRECTOR 1.00 X X 0 0 0 PHARAOH WILLIAMS DIRECTOR 1.00 X 0 0 0 PHARRELL WILLIAMS DIRECTOR & C 1.00 X 0 0 0 183006 1 false true false 15514291 15514291 21 21 15514312 21 X 1576000 1576000 183006 120783 45752 16471 222468 146606 55395 20467 19302 12546 6756 29534 18943 7718 2873 56373 56373 17550 17550 468614 208543 210071 50000 212015 212015 15585 845 14740 16887 9002 7885 87481 87481 188801 141620 47181 25544 8817 16727 3091 3091 SAFE AGREEMENT ALLOWANCE 1040000 780000 260000 4162251 3326292 698967 136992 5981697 3000000 1487502 3335000 0 13804199 2442353 9785 0 2452138 X 6352061 5000000 0 11352061 0 13804199 11352061 X false false false X 15514291 15514291 15514291 15514291 15514291 21 21 15514312 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PLEDGES RECEIVABLE - NONCURRENT 2000000 MISSION RELATED INVESTMENTS 1335000 3335000 CITY NATIONAL CREDIT CARD 9785 9785 true GRANTS AND AWARDS 31 1576000 false false false false false false false false false FELICIA HATCHER CEO 183006 183006 FORM 990 - ORGANIZATION'S MISSION PROVIDE INCREASED ECONOMIC OPPORTUNITIES TO BLACK AND LATINX COMMUNTIES AND BRIDGE THE RACIAL WEALTH GAP 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. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY BOARD AND EXECUTIVE LEADERSHIP PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A COMPARATIVE COMPENSATION DATA IS USED TO SET COMPENSATION FOR EXECUTIVE LEADERS. FORM 990, PAGE 6, PART VI, LINE 15B COMPARATIVE COMPENSATION DATA IS USED TO SET COMPENSATION FOR KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS CAN BE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEES 3,536 1,904 0 CONSULTING FEES 0 0 50,000 OTHER OUTSIDE SERVICES 205,007 205,007 0 BANK FEES 0 723 0 DUES AND MEMBERSHIP FEES 0 2,437 0 TOTAL 208,543 210,071 50,000