Totals
- Total revenue
- $573,997
- Total expenses
- $805,214
- Contributions and grants received
- $153,125
- Grants paid
- $0
- Program service revenue
- $420,803
- Investment income
- $69
- Other revenue
- $0
- Total assets, end of year
- $262,814
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $262,814
- Program services expenses (Part IX)
- $644,171
- Management and general expenses
- $161,043
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $644,171
Program services were 80.0% 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.
-
1f · All other contributions, gifts and grants
$153,125
-
2a · Program service revenue: CORPORATE CONTRIBUTION
total $420,803 · related or exempt $420,803
-
3 · Investment income
total $69 · related or exempt $69
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $163,200 · program services $130,560 · management and general $32,640
-
10 · Payroll taxes
total $13,037 · program services $10,430 · management and general $2,607
-
11g · Fees: other
total $501,515 · program services $401,212 · management and general $100,303
-
13 · Office expenses
total $255 · program services $204 · management and general $51
-
23 · Insurance
total $705 · program services $564 · management and general $141
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $4,746 · program services $3,797 · management and general $949
-
24b · Other expenses: BANK CHARGES
total $27 · program services $22 · management and general $5
-
24c · Other expenses: EVENT EXPENSES
total $121,096 · program services $96,876 · management and general $24,220
-
24d · Other expenses: MEALS
total $24 · program services $19 · management and general $5
-
24e · All other expenses
total $609 · program services $487 · management and general $122
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $450,195 · end of year $29,934
-
2 · Savings and temporary cash investments
end of year $232,880
-
17 · Accounts payable and accrued expenses
beginning of year $2,496
-
27 · Net assets without donor restrictions
beginning of year $397,699 · end of year $212,814
-
28 · Net assets with donor restrictions
beginning of year $50,000 · end of year $50,000
Mission and programs · 2024
Mission
BLACK AND BROWN FOUNDERS INC. IS DEDICATED TO FOSTERING A DIVERSE AND INCLUSIVE ENTREPRENEURIAL ECOSYSTEM. WE EMPOWER ENTREPRENEURS FROM UNDERREPRESENTED COMMUNITIES WITH THE TOOLS, TRAINING, AND CONNECTIONS TO LAUNCH AND SCALE SUCCESSFUL TECH-ENABLED BUSINESSES.
-
IN RESPONSE TO THE NEED FOR CHANGE AND THE UNSAFE ENVIRONMENTS FACED BY BLACK AND LATINX INDIVIDUALS, OUR ORGANIZATION AIMS TO USE TECHNOLOGY AND ENTREPRENEURSHIP AS A MEANS TO CLOSE THE WEALTH GAP AND EMPOWER FOUNDERS WITHIN THESE COMMUNITIES. WE HAVE DEVELOPED A VIRTUAL TRAINING PROGRAM DESIGNED TO UNLOCK THEIR UNIQUE TALENTS BY PROVIDING STARTUP SUPPORT, GROWTH OPPORTUNITIES, AND LONG-TERM SUSTAINABILITY OVER A TEN-WEEK PERIOD. THE PROGRAM INCLUDES VIDEO LESSONS, LIVE COACHING SESSIONS, A SUPPORTIVE COMMUNITY, AND ESSENTIAL BUSINESS TOOLS, AND IT HAS BEEN SUCCESSFULLY IMPLEMENTED WITH MULTIPLE SPONSORS IN 2021 AND 2022. IN ADDITION, WE HAVE PROVIDED TECHNICAL ASSISTANCE TO MORE THAN 50 BUSINESSES, HELPING THEM STRENGTHEN THEIR OPERATIONS AND ACHIEVE MEASURABLE GROWTH.
Expenses $644,171 · Revenue $573,928
As filed on the 2024 return.
Listed in Part VII
-
Claudia BrayCLAUDIA BRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ashley PatrickASHLEY PATRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ashley WatsonASHLEY WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Wendy YuilleWENDY YUILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Katina WashingtonKATINA WASHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Alejandro CuadraALEJANDRO CUADRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ashley GriffinASHLEY GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Brittany CantyBRITTANY CANTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Carey McGheeCAREY MCGHEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Christine Elena SaffoldCHRISTINE ELENA SAFFOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Courtney WelchCOURTNEY WELCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cynthia EllisCYNTHIA ELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Devon AllenDEVON ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
John Phil SimmsJOHN PHIL SIMMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Paris JordanPARIS JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sophia AntoineSOPHIA ANTOINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tierra BondsTIERRA BONDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tracey HobbsTRACEY HOBBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Frank WilsonFRANK WILSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Dannica WycheDANNICA WYCHE
VISE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Valerie M FarnumVALERIE M FARNUM
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Ramonda CrosbyRAMONDA CROSBY
TREASURER
- Total calculated
- $0
- Hours/week
- 0
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 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523079349302397
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