Black Girl Ventures Foundation
- Assets
- $2.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Fort Belvoir, VA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 83-0935942
Organization Overview
Black Girl Ventures Foundation is located in Fort Belvoir, VA. The organization was established in 2018. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Black Girl Ventures Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Girl Ventures Foundation 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 Girl Ventures Foundation generated $3.3m in total revenue. All expenses for the organization totaled $3.5m during the year ending 12/2021.
Since 2020, Black Girl Ventures Foundation has awarded 23 individual grants totaling $245,556. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BLACK AND BROWN WOMAN IDENTIFYING FOUNDERS WITH ACESS TO COMMUNITY, EDUCATION, AND LEADERSHIP DEVELOPMENT IN ORDER TO MEET BUSINESS MILESTONES THAT LEAD TO ECONOMIC ADVANCEMENT THROUGH ENTREPRENEURSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATTION DURING THE YEAR PROVIDED BLACK AND BROWN WOMEN WITH TECHNICAL AND FINANCIAL SUPPRT TO ENABLE THEM EXPAND THJEIR ENTERPRIZES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Bell President CEO | OfficerTrustee | 40 | $205,000 |
Christopher Massenburg COO | Officer | 40 | $85,068 |
Michael Coates CFO | Officer | 40 | $0 |
Willie Williams Director | Trustee | $0 | |
Nikisha Carpenter Secretary | Trustee | $0 | |
Kristina Francis Chairman | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,288,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,288,394 |
| Total Program Service Revenue | $0 |
| 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 | $3,288,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,342,859 |
| 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. | $290,068 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $67,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $213,866 |
| Office expenses | $23,424 |
| Information technology | $75,913 |
| Royalties | $0 |
| Occupancy | $12,168 |
| Travel | $48,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,032 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,014 |
| Insurance | $4,644 |
| All other expenses | $0 |
| Total functional expenses | $3,501,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,903,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,076 |
| 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 | $0 |
| Net Land, buildings, and equipment | $32,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,941,094 |
| Accounts payable and accrued expenses | $52,985 |
| 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 | $52,985 |
| Net assets without donor restrictions | $2,888,109 |
| 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 | $2,941,094 |
Grants Awarded
Over the last fiscal year, Black Girl Ventures Foundation has awarded $130,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRLESSLY HUE LLC | | | $10,000 |
LYC STRATEGIES LLC | | | $10,000 |
NKC ACCOUNTING LLC | | | $10,000 |
SOUL CARE LLC | | | $10,000 |
Chicago, IL | | $10,000 |
CREATIVITI CUSTOM DESIGNS AND EVENTS LLC | | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Black Girl Ventures Foundation has recieved totaling $680,937.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $185,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $132,522 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $121,281 |
Towerbrook Foundation New York, NY PURPOSE: FOR GENERAL OPERATING SUPPORT | $83,333 |
Pillsbury Winthrop Shaw Pittman Foundation Washington, DC PURPOSE: GENERAL PURPOSE | $75,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $57,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norfolk State University Research And Innovation Foundation Norfolk, VA | $25,278,732 | $5,808,933 |
Small Business Majority Foundation Inc Washington, DC | $4,020,911 | $5,051,591 |
Black Girl Ventures Foundation Fort Belvoir, VA | $2,941,094 | $3,288,394 |
Brightbridge Inc Chattanooga, TN | $120,622,501 | $3,473,186 |
Prince Georges Financial Services Corporation Largo, MD | $6,191,541 | $2,663,412 |
National Small Business United Washington, DC | $916,029 | $2,645,028 |
Capital Region Minority Supplier Development Council Inc Silver Spring, MD | $1,993,070 | $2,779,986 |
National Institute Of Minority Economic Development Durham, NC | $8,985,701 | $1,722,745 |
Winston Starts Winstonsalem, NC | $2,039,563 | $1,547,404 |
Wilmington Business Development Wilmington, NC | $1,640,676 | $1,342,071 |
Harbor Bank Of Maryland Community Development Corporation Baltimore, MD | $1,613,507 | $752,542 |
Emerging Technology Centers Inc Baltimore, MD | $553,000 | $1,006,591 |