Black And Brown Founders Inc
- Assets
- $593.9k
- Revenue
- $611.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-2187440
Organization Overview
Black And Brown Founders Inc is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black And Brown Founders Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Black And Brown Founders Inc generated $611.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $434.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMMUNITY, EDUCATION, AND ACCESS TO BLACK AND LATINX ENTREPRENEURS ALLOWING THEM TO BUILD SUCCESSFUL TECH BUSINESSES WITH MODEST RESOURCES. DEVELOP AND DELIVER PROGRAMS THAT OFFER BEST PRACTICES FOR BUSINESS FOUNDERS OF COLOR IN THE TECHNOLOGY INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SEE THAT THE NEEDLE OF CHANGE WONT MOVE BY ITSELF, AND TODAYS SOCIAL AND POLITICAL CLIMATE IS INCREASINGLY UNSAFE FOR BLACK AND LATINX PEOPLE. MONEY PROVIDES PEOPLE WITH SAFETY, AGENCY, AND POWER, OWNERSHIP IS A KEY DRIVER OF WEALTH. THEREFORE, OUR ULTIMATE GOAL IS TO USE TECH ENTREPRENEURSHIP AS A VEHICLE TO HELP CLOSE THE WEALTH GAP AND CREATE PATHWAYS TO FINANCIAL STABILITY FOR THE FOUNDERS WE SERVE.OUR APPROACH HAS BEEN TO CREATE A VIRTUAL TRAINING PROGRAM DESIGNED TO UNLOCK FOUNDERS UNIQUE TALENTS, HELP BUILD THEIR PROTOTYPE, AND LAUNCH A STARTUP IN 10 WEEKS. IT INCLUDES VIDEO LESSONS, LIVE COACHING, A SUPPORTIVE COMMUNITY, WORKBOOK AND TOOLS. WE PILOTED WITH 20 FOUNDERS IN 2019, AND SCALING CAPACITY TO SERVE HUNDREDS IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deldelp Medina Executive Director | Officer | 25 | $0 |
Valerie M Farnum Treasurer | Officer | 1 | $0 |
Aniyia L Williams President | Officer | 25 | $0 |
Dannica M Smith Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $610,156 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $610,156 |
| Total Program Service Revenue | $1,566 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $611,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $287,149 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $35 |
| Total functional expenses | $434,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $593,940 |
| Accounts payable and accrued expenses | $39,518 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,518 |
| Net assets without donor restrictions | $554,422 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $593,940 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Black And Brown Founders Inc has recieved totaling $67,328.
| Awarding Organization | Amount |
|---|---|
Vilcap Inc Houston, TX PURPOSE: FINANCIAL SUPPORT FOR EARLY-STAGE SOCIAL VENTURE COMMITTED TO PROMOTING EQUITY AND ECONOMIC WELL-BEING. | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $23,275 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,200 |
Miramar Charitable Foundation Ft Mitchell, KY PURPOSE: GENERAL PURPOSES | $6,800 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $53 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campaign For Great Public Schools Beaverton, OR | $11,922,606 | $23,221,700 |
Alliance For College-Ready Public Schools Los Angeles, CA | $0 | $10,738,936 |
Carnegie Foundation For Advancement Teaching W Coast Office Education Stanford, CA | $131,360,777 | $20,151,205 |
Human-I-T Bell, CA | $11,089,080 | $12,233,470 |
Association Of California School Administrators Burlingame, CA | $34,914,823 | $16,453,112 |
Illustrative Mathematics Oro Valley, AZ | $5,801,016 | $11,729,780 |
California Apt Association Sacramento, CA | $10,618,601 | $9,881,237 |
Institute For Multicultural Counseling And Education Services Los Angeles, CA | $5,975,934 | $7,424,525 |
Arizona Education Association Phoenix, AZ | $8,129,999 | $7,870,679 |
Los Angeles Education Partnership Los Angeles, CA | $2,987,241 | $7,123,624 |
The Primary School Lab East Palo Alto, CA | $1,109,557 | $3,998,000 |
California Certified Organic Farmers Inc Santa Cruz, CA | $8,482,954 | $7,449,221 |