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Nonprofiteer
← BRANDON BLACKWOOD FOUNDATION INC

Form 990 for tax year 2023

Filed by BRANDON BLACKWOOD FOUNDATION INC.

Totals

Total revenue
$450,611
Total expenses
$412,112
Contributions and grants received
$450,611
Grants paid
$45,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$43,499
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$43,499
Program services expenses (Part IX)
$389,392
Management and general expenses
$22,720
Fundraising expenses
$0
Program service expenses (Part III)
$389,392

Program services were 94.5% 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

    $450,611

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,000 · program services $45,000

  • 11b · Fees: legal

    total $2,327 · program services $2,094 · management and general $233

  • 12 · Advertising and promotion

    total $25,937 · program services $23,343 · management and general $2,594

  • 13 · Office expenses

    total $13,771 · program services $11,197 · management and general $2,574

  • 17 · Travel

    total $1,309 · program services $1,178 · management and general $131

  • 23 · Insurance

    total $318 · program services $286 · management and general $32

  • 24a · Other expenses: CONTRACTORS

    total $156,997 · program services $141,297 · management and general $15,700

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $71,166 · program services $71,166

  • 24c · Other expenses: EVENT RENTAL

    total $67,999 · program services $67,999

  • 24d · Other expenses: EVENT FOOD VENDORS

    total $12,730 · program services $12,730

  • 24e · All other expenses

    total $14,558 · program services $13,102 · management and general $1,456

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,000 · end of year $43,499

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,000 · end of year $43,499

Mission and programs · 2023

Mission

THE CHARITABLE PURPOSE OF THE FOUNDATION IS TO EMPOWER BLACK INDIVIDUALS AND PERSONS OF COLOR (POC) WITHIN THE CREATIVE REALM. THROUGH A ROBUST PROGRAM OF EDUCATION, PHILANTHROPY, AND ACTIVISM, THE BBF AIMS TO ACTIVELY DISMANTLE THE STRUCTURES OF SYSTEMIC RACISM THAT HAVE LONG PERVADED OUR SOCIETY.

Activities or mission (Part I)

THE CHARITABLE PURPOSE OF THE FOUNDATION IS TO EMPOWER BLACK INDIVIDUALS AND PERSONS OF COLOR (POC) WITHIN THE CREATIVE REALM. THROUGH A ROBUST PROGRAM OF EDUCATION, PHILANTHROPY, AND ACTIVISM, THE BBF AIMS TO ACTIVELY DISMANTLE THE STRUCTURES OF SYSTEMIC RACISM THAT HAVE LONG PERVADED OUR SOCIETY. OUR PRIMARY OBJECTIVE IS TO FOSTER AN ENVIRONMENT THAT NURTURES THE TALENTS AND POTENTIALS OF THESE INDIVIDUALS, ENABLING THEM TO FLOURISH WITHIN THEIR RESPECTIVE CREATIVE DOMAINS. BY PROVIDING NECESSARY RESOURCES AND PLATFORMS, THE BBF FOSTERS AN ECOSYSTEM OF DIVERSITY, INCLUSION, AND EQUITABLE REPRESENTATION FOR CREATIVES, ESPECIALLY THE NEXT GENERATION OF LEADERS.

  • THE FOUNDATION'S ENTREPRENEURSHIP SPEAKER SERIES HAS PROFOUNDLY IMPACTED OVER 1,200 STUDENTS ACROSS ELEMENTARY AND HIGH SCHOOLS IN NEW YORK CITY. THE FOUNDATION IS CULTIVATING A NEW GENERATION OF ENTREPRENEURS BY EXPOSING THESE YOUNG MINDS TO REAL-WORLD BUSINESS LEADERS AND INNOVATIVE THINKING. THIS INITIATIVE ENHANCES THEIR EDUCATIONAL EXPERIENCE AND EQUIPS THEM WITH ESSENTIAL SKILLS AND A MINDSET FOR SUCCESS, BREAKING THE CYCLE OF ECONOMIC DISPARITY AND FOSTERING A CULTURE OF CREATIVITY AND AMBITION.

    Expenses $58,588 · Grants $5,000

  • INVESTING IN CREATIVE FUTURES THROUGH SCHOLARSHIPS: THE FOUNDATION'S SCHOLARSHIP PROGRAM IS A TESTAMENT TO ITS COMMITMENT TO NURTURING TALENT IN THE CREATIVE INDUSTRIES. APPROXIMATELY TEN UNIVERSITY-LEVEL STUDENTS RECEIVE FINANCIAL SUPPORT TO PURSUE THEIR PASSIONS IN ART, DESIGN, AND MEDIA. THIS INVESTMENT IN THE NEXT GENERATION OF CREATIVE PROFESSIONALS ENSURES THAT FINANCIAL BARRIERS DO NOT HINDER THE DREAMS OF YOUNG INNOVATORS, PROMOTING ACCESS TO INDUSTRIES THAT SHAPE CULTURAL NARRATIVES AND DRIVE ECONOMIC GROWTH.

    Expenses $234,353 · Grants $15,000

  • SUPPORTING YOUTH DEVELOPMENT THROUGH STRATEGIC PARTNERSHIPS: THE BRANDON BLACKWOOD FOUNDATION EXTENDS ITS IMPACT THROUGH STRATEGIC PARTNERSHIPS WITH RENOWNED ORGANIZATIONS LIKE THE DOOR AND THE LAWYERS' COMMITTEE FOR CIVIL RIGHTS UNDER LAW. BY COLLABORATING WITH THESE ENTITIES, THE FOUNDATION PROVIDES COMPREHENSIVE SUPPORT FOR YOUTH DEVELOPMENT, INCLUDING LEGAL AID, EDUCATIONAL RESOURCES, AND MENTORSHIP. THESE PARTNERSHIPS AMPLIFY THE FOUNDATION'S EFFORTS TO EMPOWER YOUNG PEOPLE, PARTICULARLY THOSE FROM UNDERSERVED COMMUNITIES, HELPING THEM TO OVERCOME SYSTEMIC CHALLENGES AND BUILD A BRIGHTER FUTURE.

    Expenses $96,451 · Grants $20,000

  • ONE OF THE CORNERSTONES OF THE BRANDON BLACKWOOD FOUNDATION'S SUCCESS IS ITS COMMITMENT TO PROMOTING MENTORSHIPS. THROUGH ITS VARIOUS PROGRAMS, THE FOUNDATION CONNECTED 15 STUDENTS WITH EXPERIENCED MENTORS WHO PROVIDED GUIDANCE, SUPPORT, AND INSPIRATION. THESE MENTORSHIP RELATIONSHIPS EXTENDED BEYOND THE CLASSROOM, ALLOWING STUDENTS TO GAIN REAL-WORLD INSIGHTS, DEVELOP PROFESSIONAL NETWORKS, AND RECEIVE PERSONALIZED ADVICE TAILORED TO THEIR ASPIRATIONS.

    Grants $5,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cortni Haughton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Brandon Blackwood

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Karren Dunkley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Tristan Derima

    TREASURER

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349313703

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