Totals
- Total revenue
- $284,622
- Total expenses
- $301,911
- Contributions and grants received
- $225,373
- Grants paid
- $17,180
- Program service revenue
- $58,661
- Investment income
- $588
- Other revenue
- $0
- Total assets, end of year
- $48,328
- Total liabilities, end of year
- $35,880
- Net assets or fund balances, end of year
- $12,448
- Program services expenses (Part IX)
- $172,028
- Management and general expenses
- $117,649
- Fundraising expenses
- $12,234
- Program service expenses (Part III)
- $172,028
Program services were 57.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$255
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$225,118
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: BSF/LSF School Fair
total $43,416 · related or exempt $43,416 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Maryland School Fairs
total $15,245 · related or exempt $15,245 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $588 · related or exempt $588 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $17,180 · program services $17,180
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $61,000 · program services $30,300 · management and general $27,748 · fundraising $2,952
-
7 · Other salaries and wages
total $95,062 · program services $56,199 · management and general $34,291 · fundraising $4,572
-
10 · Payroll taxes
total $7,092 · program services $2,837 · management and general $4,255
-
11b · Fees: legal
total $0
-
12 · Advertising and promotion
total $846 · program services $846
-
13 · Office expenses
total $6,558 · program services $3,869 · management and general $2,295 · fundraising $394
-
14 · Information technology
total $18,293 · program services $10,793 · management and general $6,585 · fundraising $915
-
16 · Occupancy
total $50,447 · program services $18,161 · management and general $29,764 · fundraising $2,522
-
17 · Travel
total $300 · program services $300
-
23 · Insurance
total $6,165 · program services $2,219 · management and general $3,637 · fundraising $309
-
24a · Other expenses: Sustainability Conference
total $13,667 · program services $13,667 · management and general $0 · fundraising $0
-
24b · Other expenses: 2024 BSF/LSF School Fair
total $6,662 · program services $6,662 · management and general $0 · fundraising $0
-
24c · Other expenses: 2025 Maryland School Choice Fair
total $7,232 · program services $4,432 · management and general $2,800
-
24e · All other expenses
total $11,407 · program services $4,563 · management and general $6,274 · fundraising $570
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,362 · end of year $1,563
-
2 · Savings and temporary cash investments
beginning of year $18,658 · end of year $20,592
-
4 · Accounts receivable
end of year $363
-
10a · Land, buildings and equipment: cost or other basis
$75,667
-
10b · Land, buildings and equipment: accumulated depreciation
$74,125
-
10c · Land, buildings and equipment, net
beginning of year $2,053 · end of year $1,542
-
11 · Investments: publicly traded securities
beginning of year $15,929 · end of year $20,024
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $7,016 · end of year $4,244
-
17 · Accounts payable and accrued expenses
end of year $22,213
-
25 · Other liabilities
beginning of year $165 · end of year $13,667
-
27 · Net assets without donor restrictions
beginning of year $35,931 · end of year -$3,562
-
28 · Net assets with donor restrictions
beginning of year $14,922 · end of year $16,010
Mission and programs · 2024
Mission
BSF is an educational equity organization advancing educational choice by affording underserved families access to independent schools and supporting their success. BSF has served tens of thousands of children; served more than seventy five BSF member schools K-12; and inspired replications across the Mid-Atlantic region. BSF is also a community resource collaborating with organizations advancing education.
Activities or mission (Part I)
The Black Student Fund (BSF) provides essential advocacy, academic and retention support to academically motivated African American and other underserved students to facilitate their access, admission and successful matriculation and graduation from member schools. BSF partners with member schools to provide financial assistance, as well as instruction, evaluations, feedback and monitoring necessary to facilitate the creation and maintenance of a supportive and responsive environment.
-
For more than fifty years, BSF has provided financial support for families at BSF Member Schools. BSF provides small tuition scholarships, funding for participation in summer and school year academic enrichment, youth development program/activities and BSF provides emergency and essential services financial support to BSF families
Expenses $46,448 · Grants $17,960
-
The BSF/LSF Annual School Fair is a forum for Washington metropolitan area families to learn about independent school education and to engage students, teachers and administrators from more than 70 local and national independent schools and educational programs. This event also includes: workshops, chat rooms, recorded content and a digital resources library. The event served more than 1200 families and included more than 50 schools and educational organizations
Expenses $67,091
-
BSF Science, Technology, Engineering & Math (STEM) is a focused academic enrichment effort of BSF. BSF STEM is a series of connected programs and activities providing students with introductory and advanced STEM learning. With an anchor in math and coding, BSF Scholars and Affiliates participate in yearlong out of school learning; tech skill development and STEM awareness events
Expenses $41,287
-
Provided cultural experiences including Juneteenth, Long Way Down, and the Higher Ground
Expenses $17,202
As filed on the 2024 return.
Listed in Part VII
-
Leroy Nesbitt Jr
Executive Director
- Total calculated
- $61,000
- From this org
- $61,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 64
-
Joel Kanter
Board Chair
- Total calculated
- $0
- Hours/week
- 5
-
Mark D Schneider
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Olutosin Aje-Adegbite
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Adewale Omoniyi
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Breon N Wells
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Sean A Floyd
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 June 2025
- IRS schema version
- 2024v5.0
- Source object
- 202640909349300119
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