Totals
- Total revenue
- $4,539,358
- Total expenses
- $3,909,836
- Contributions and grants received
- $4,458,317
- Grants paid
- $772,597
- Program service revenue
- $72,414
- Investment income
- $8,481
- Other revenue
- $146
- Total assets, end of year
- $5,501,780
- Total liabilities, end of year
- $53,303
- Net assets or fund balances, end of year
- $5,448,477
- Program services expenses (Part IX)
- $2,673,108
- Management and general expenses
- $1,176,498
- Fundraising expenses
- $60,230
- Program service expenses (Part III)
- $2,673,108
Program services were 68.4% 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.
-
1f · All other contributions, gifts and grants
$4,458,317
-
2a · Program service revenue: PITCH COMPETITIONS
total $72,414 · related or exempt $72,414
-
3 · Investment income
total $8,481 · excluded $8,481
-
11a · Other revenue: OTHER REVENUE
total $146 · related or exempt $146
-
11e · Other revenue, total
$146
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $772,597 · program services $772,597
-
5 · Compensation of officers, directors and key employees
total $355,499 · program services $266,624 · management and general $88,875
-
7 · Other salaries and wages
total $840,000 · program services $630,000 · management and general $210,000
-
9 · Other employee benefits
total $45,145 · program services $33,859 · management and general $11,286
-
10 · Payroll taxes
total $92,389 · program services $69,292 · management and general $23,097
-
11b · Fees: legal
total $4,443 · management and general $4,443
-
11c · Fees: accounting
total $20,664 · management and general $20,664
-
11g · Fees: other
total $1,155,903 · program services $508,093 · management and general $587,830 · fundraising $59,980
-
12 · Advertising and promotion
total $41,647 · program services $33,163 · management and general $8,484
-
13 · Office expenses
total $26,080 · program services $11,087 · management and general $14,993
-
14 · Information technology
total $48,663 · program services $19,200 · management and general $29,463
-
17 · Travel
total $199,087 · program services $197,687 · management and general $1,400
-
22 · Depreciation, depletion and amortization
total $670 · management and general $670
-
23 · Insurance
total $8,864 · management and general $8,864
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $117,360 · management and general $117,360
-
24b · Other expenses: MEALS AND ENTERTAINMENT
total $84,801 · program services $81,335 · management and general $3,466
-
24c · Other expenses: EVENT EXPENSES
total $50,421 · program services $50,171 · fundraising $250
-
24d · Other expenses: TRAINING AND DEVELOPMEN
total $32,419 · management and general $32,419
-
24e · All other expenses
total $13,184 · management and general $13,184
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,687,258 · end of year $3,854,977
-
3 · Pledges and grants receivable
beginning of year $2,243,877 · end of year $1,631,785
-
10a · Land, buildings and equipment: cost or other basis
$15,689
-
10b · Land, buildings and equipment: accumulated depreciation
$671
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $15,018
-
17 · Accounts payable and accrued expenses
beginning of year $112,180 · end of year $53,303
-
27 · Net assets without donor restrictions
beginning of year $2,075,078 · end of year $3,519,191
-
28 · Net assets with donor restrictions
beginning of year $2,743,877 · end of year $1,929,286
Mission and programs · 2024
Mission
THE MISSION IS TO CREATE ACCESS TO CAPITAL, CAPACITY BUILDING AND EDUCATION FOR UNDER RESOURCED ENTREPRENEURS THAT ENABLES BUSINESS SUSTAINABILITY AND CREATES INTERGENERATIONAL WEALTH FOR A MORE EQUITABLE SOCIETY.
-
TO PROVIDE UNDER RESOURCED ENTREPRENEURS WITH ACCESS TO COMMUNITY, EDUCATION AND LEADERSHIP DEVELOPMENT IN ORDER TO MEET BUSINESS MILESTONES THAT LEAD TO ECONOMIC SUCCESS THROUGH ENTREPRENEURSHIP. THE EMERGING LEADERSHIPS FELLOWSHIP (ELF) PROGRAM RECIEVED 381 APPLICATIONS, EXCEEDING ITS GOAL OF 250 BY 131. FROM THIS POOL, 40 APPLICANTS WERE SELECTED TO JOIN THE IMMERSIVE LEADERSHIP PROGRAM, WHICH CONCLUDED IN JUNE 2024. THE NEXTGEN SUMMER COHORT ALSO SAW STRONG ENGAGEMENT, ATTRACTING 183 APPLICATIONS FROM EXCEPTIONAL HBCU STUDENTS. OF THE APPLICATIONS SUBMITTED, 24 SCHOLARS WERE SELECTED TO PARTICIPATE, GAINING CRITICAL ENTREPRENEURIAL KNOWLEDGE AND SKILLS. THE HIGHLY ANTICIPATED BGV PITCH PROGRAM RECEIVED 539 APPLICATIONS ACROSS FOUR BGV ECOSYSTEMS: AUSTIN 5/3/24, CHICAGO 7/11/24, NEW YORK CITY 11/7/24, AND LOS ANGELES 12/5/24. A TOTAL OF 28 FOUNDERS WERE SELECTED TO PARTICIPATE IN THE COMPETITIONS WHERE THEY RECEIVED RESOURCES TO STRENGTHEN THEIR BUSINESS ACUMEN AND CAPITAL READINESS. IN EACH CITY, THE TOP THREEE FINALISTS RECEIVED A CUMULATIVE TOTAL OF $30K, ONE CROWD FAVORITE WAS AWARDED $2,500- TOTALING $10,000 ACROSS ALL CITIES. IN TOTAL, OVER $130K WAS DISTRIBUTED TO SUPPORT GROWING BUSINESSES.
Expenses $2,673,108 · Grants $772,597 · Revenue $72,560
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
WILLIE WILLIAMS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ALEX NECKLES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
KRISTINA FRANCIS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SELVI CLARK
OFFICER
- Total calculated
- $0
- Hours/week
- 1
-
NIKISHA CARPENTER
OFFICER
- Total calculated
- $0
- Hours/week
- 1
-
OMI BELL
CHIEF EXECUTIVE OFFICER
- Total calculated
- $219,411
- From this org
- $212,070
- From related orgs
- $0
- Other
- $7,341
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,070
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,341
- Filer's total
- $219,411
-
VANESSA MCDOWELL-ATLAS
CHIEF OPERATING OFFICER
- Total calculated
- $148,671
- From this org
- $143,429
- From related orgs
- $0
- Other
- $5,242
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511559349300211
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.