2024-11-19T06:35:26-06:00 2023-12-31 310984945 WHALEN CPAS 250 W OLD WILSON BRIDGE RD STE 300 WORTHINGTON OH 43085 990 2023-01-01 851559517 Black Ambition Opportunity Inc BLAC 3102290371 360 NW 27th Street Miami FL 33127 Ron Laffitte Board Member 3102290371 2024-11-12 1 1 Jeffery A Pumplun CPA P01615641 6143964200 2024-11-12 2023 2024-10-15 13:58:12Z Ron Laffitte 360 NW 27th Street Miami FL 33127 5166718 0 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. 4 4 5 0 0 0 15514291 5092493 0 74000 21 225 0 0 15514312 5166718 1576000 2185712 0 0 454310 961353 0 0 214885 2131941 4165557 4162251 7312622 11352061 -2145904 13804199 12581057 2452138 3374900 11352061 9206157 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. 0 0 5894627 2185712 74000 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. 5894627 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X Felicia Hatcher 4785955976 360 NW 27th Street Miami FL 33127 Pharrell Williams Director & Chair 1.00 X 0 0 0 Erik Moore Board Member 1.00 X 0 0 0 Ron Laffitte Board Member 1.00 X X 0 0 0 Felicia Hatcher CEO 40.00 X 360781 0 27195 360781 0 27195 1 0 1 0 0 5092493 5092493 Event Sponsorship 74000 74000 74000 225 225 5166718 74000 0 225 2185712 2185712 360781 228778 110125 21878 496730 314986 151622 30122 51557 32695 15735 3127 52285 33155 15959 3171 136642 44321 8321 84000 35750 35750 684194 497312 186047 835 543894 369849 135973 38072 45803 45803 118494 81133 37361 430934 374062 56872 673604 505203 134721 33680 613996 605296 8700 26787 26787 SAFE Agreement Allowanc 829500 622125 207375 Professional Developmen 23062 23062 License, Permits, & Tax 1790 1790 Postage & Shipping 1107 1107 7312622 5894627 1203110 214885 5981697 8693057 3000000 1000000 1487502 0 3335000 2888000 13804199 12581057 2442353 2240260 9785 1134640 2452138 3374900 X 6352061 7206157 5000000 2000000 11352061 9206157 13804199 12581057 -2145904 0 X 0 0 0 X 15514291 5166493 20680784 15514291 5166493 20680784 20680784 21 225 246 20681030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Pledges Receivable - Noncurrent 1000000 Mission Related Investments 1888000 2888000 City National Credit Card 32608 Accrued PTO Liability 59404 Accrued Expenses 1042628 1134640 1 Grants and Awards 36 2185712 0 0 0 0 0 0 0 0 0 Felicia Hatcher CEO 360781 0 0 0 0 0 6882 0 20313 0 387976 0 0 0 Form 990, Part VI, Section B, line 11b Form 990 is reviewed by the board of executive leadership prior to filing. Form 990, Part VI, Section B, line 12c The board reviews the conflict of interest policy annually. Form 990, Part VI, Section B, line 15 Comparative compensation data is used to set compensation for executive leaders. Comparative compensation data is used to set compensation for key employees. Form 990, Part VI, Section C, line 19 Documents can be made available upon request.