Skip to content
Nonprofiteer
← BELOVED COMMUNITY INCUBATOR INC

Form 990 for tax year 2024

Filed by BELOVED COMMUNITY INCUBATOR INC.

Totals

Total revenue
$988,282
Total expenses
$978,238
Contributions and grants received
$958,698
Grants paid
$0
Program service revenue
$27,521
Investment income
$294
Other revenue
$1,769
Total assets, end of year
$335,572
Total liabilities, end of year
$12,835
Net assets or fund balances, end of year
$322,737
Program services expenses (Part IX)
$764,194
Management and general expenses
$196,703
Fundraising expenses
$17,341
Program service expenses (Part III)
$764,194

Program services were 78.1% 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

    $958,698

  • 2a · Program service revenue: DULCE PAYMENTS

    total $26,921 · related or exempt $26,921

  • 2b · Program service revenue: BCI SERVICES

    total $600 · related or exempt $600

  • 3 · Investment income

    total $294 · unrelated business $294

  • 11a · Other revenue: FISCAL SPONSORSHIP REV

    total $1,769 · related or exempt $1,769

  • 11e · Other revenue, total

    $1,769

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $252,804 · program services $185,881 · management and general $61,389 · fundraising $5,534

  • 7 · Other salaries and wages

    total $244,305 · program services $179,633 · management and general $59,325 · fundraising $5,347

  • 9 · Other employee benefits

    total $55,147 · program services $37,801 · management and general $16,277 · fundraising $1,069

  • 10 · Payroll taxes

    total $46,048 · program services $30,431 · management and general $14,217 · fundraising $1,400

  • 11c · Fees: accounting

    total $10,768 · management and general $10,768

  • 11g · Fees: other

    total $161,766 · program services $159,243 · management and general $2,523

  • 13 · Office expenses

    total $20,270 · program services $19,119 · management and general $1,023 · fundraising $128

  • 17 · Travel

    total $2,408 · program services $2,327 · management and general $81

  • 19 · Conferences, conventions and meetings

    total $6,981 · program services $4,505 · management and general $2,476

  • 23 · Insurance

    total $3,677 · program services $1,750 · management and general $1,878 · fundraising $49

  • 24a · Other expenses: MUTUAL AID PROJECT

    total $128,115 · program services $128,115 · management and general $0 · fundraising $0

  • 24b · Other expenses: PROGRAM EXPENSES

    total $26,454 · program services $11,410 · management and general $11,544 · fundraising $3,500

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,721 · management and general $8,464 · fundraising $257

  • 24d · Other expenses: TAXES AND LICENSING FEE

    total $4,486 · program services $3,925 · management and general $561

  • 24e · All other expenses

    total $6,288 · program services $54 · management and general $6,177 · fundraising $57

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $312,692 · end of year $328,011

  • 4 · Accounts receivable

    end of year $7,557

  • 15 · Other assets

    beginning of year $0 · end of year $4

  • 25 · Other liabilities

    beginning of year $0 · end of year $12,835

  • 27 · Net assets without donor restrictions

    beginning of year $312,167 · end of year $322,212

  • 28 · Net assets with donor restrictions

    beginning of year $525 · end of year $525

Mission and programs · 2024

Mission

BELOVED COMMUNITY INCUBATOR (BCI) IS WORKER SELF-DIRECTED NON-PROFIT THAT SUPPORTS AND ORGANIZES RESOURCES FOR COMMUNITY-BASED COOPERATIVES AND COLLECTIVES IN THE DC METRO AREA. BCI PROVIDES HIGH-TOUCH INCUBATION SUPPORT - INCLUDING LEADERSHIP DEVELOPMENT, ECOSYSTEM AND WE SUPPORT WORKERS TO CREATE AND MAINTAIN COLLECTIVELY OWNED BUSINESSES SO THAT WORKERS CAN CONTROL THEIR WORK, PAY THEMSELVES LIVING WAGES, BUILD A DEMOCRATIC PRACTICE OF STEWARDING RESOURCES TOGETHER AND ENGAGE IN THE WIDER DMV AREA MOVEMENT ECOSYSTEM THAT IS BUILDING ABOLITION AND DECOLONIZATION. WE PROVIDE HIGH-TOUCH INCUBATION SUPPORT - INCLUDING LEADERSHIP DEVELOPMENT, ECOSYSTEM AND RESOURCE ORGANIZING AND LEGAL, BOOKKEEPING AND ADMINISTRATIVE SUPPORT - FOR NEW COOPERATIVES THAT CREATE LIVING WAGE WORK AND THAT ARE LED BY POOR AND WORKING CLASS BLACK, BROWN, INDIGENOUS AND PEOPLE OF COLOR.

  • COMMUNITY ORGANIZATION - IN PARTNERSHIP WITH THE NATIONAL ORGANIZATION SEED COMMONS (DBA THE WORKING WORLD), WE LAUNCHED THE DC SOLIDARITY ECONOMY LOAND FUND, WHICH SOURCES NON-EXTRACTIVE LENDING TO LOCAL COOPERATIVES. SEED COMMONS IS THE LENDER OF RECORD FOR ALL TRANSACTIONS, WHILE BELOVED COMMUNITY INCUBATOR PROVIDES THE EDUCATION AND TECHNICAL ASSISTANCE FOR WORKER-COOPS TO BE READY TO ACCESS CAPITAL.

    Expenses $364,764

  • CO-OP SUPPORT - BCI INCUBATES NEW COOPERATIVES AND COLLECTIVES, PROVIDING SUPPORT FOR WORKERS THROUGH THE ENTIRE PROCESS OF CREATING AND LAUNCHING THEIR BUSINESS OPERATIONS. AS AN INCUBATOR, WE PROVIDE PRE-LAUNCH SUPPORT, BUSINESS & LEADERSHIP DEVELOPMENT, GOVERNANCE AND CONFLICT RESOLUTION TRAININGS, AND LEGAL, BOOKKEEPING, AND ADMINISTRATIVE SUPPORT.

    Expenses $234,060

  • MIGRANT SOLIDARITY MUTUAL AID, BCI CONTINUES TO SERVE AS A FISCAL SPONSOR FOR THE MIGRANT SOLIDARITY MUTUAL AID NETWORK.

    Expenses $128,115

  • STREET VENDING IMPLEMENTATION - BCI, IN PARTNERSHIP WITH A DIVERSE GROUP OF MORE THAN 50 VENDORS, RAN A SUCCESSFUL CAMPAIGN TO DECRIMINALIZE STREET VENDING AND REMOVE REGULATORY BARRIERS TO ACCESSING VENDING LICENSES.

    Expenses $37,255

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MEGAN FELIX MACARAEG

    CO-PRESIDENT/ORGANIZING DIRECTOR

    Total calculated
    $93,150
    From this org
    $93,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • BIANCA VAZQUEZ

    CO-PRESIDENT/PROGRAM DIRECTOR

    Total calculated
    $79,387
    From this org
    $79,387
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • GEOFFREY GILBERT

    LEGAL AND TECHNICAL DIRECTOR

    Total calculated
    $80,265
    From this org
    $80,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • QAADIR EL AMIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CELESTE SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALANA EICHNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NORMA CHAVEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BENJI RIVERA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MADHVI BAHL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEGHAN SOBOCIENSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSH KING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CALVIN JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349328216

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.