Bric Foundation
- Assets
- $101.7k
- Revenue
- $336.0k
- Investments
- $0.0
- Employees
- 3
- Location
- North Hollywood, CA
- Founding
- Data as of
- 12/2022
- EIN
- 83-1408476
Organization Overview
Bric Foundation is located in North Hollywood, CA. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Bric Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bric 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 12/2022, Bric Foundation generated $336.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $337.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BRIC FOUNDATION IS DEDICATED TO INCREASING REPRESENTATION IN ENTERTAINMENT, GAMING, MEDIA AND TECH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON FEBRUARY 11TH & 12TH, THOUSANDS OF PEOPLE FROM AROUND THE WORLD LOGGED ON TO THE BRIC SUMMIT. THE SUMMIT'S GOAL IS TO BRING A COMMUNITY OF THOUGHT PROVOKERS TOGETHER FROM DIFFERENT FACETS OF THE ENTERTAINMENT, MEDIA, AND TECH INDUSTRIES TO COLLECTIVELY SOLVE HOW WE SUPPORT AND NURTURE UP-AND-COMING TALENT - AS IT PERTAINS TO WOMEN AND UNDERREPRESENTED GROUPS WHO HAVE AN INTEREST IN BEING CREATIVE LEADERS. THE 2022 SUMMIT THEME WAS "CULTURAL SHIFT". BRIC SERVED 5.6K ATTENDEES FROM 24 COUNTIES AT THE 2022 BRIC SUMMIT
FROM JUNE TO AUGUST 2022, BRIC FOUNDATION HOSTED OUR ANNUAL SUMMER INTERNSHIP PROGRAMMING CONSISTING OF A SIX-WEEK INTERNSHIP OPEN TO GRADUATING HIGH SCHOOL SENIORS AND INCOMING COLLEGE FRESHMEN STUDENTS ACROSS THE COUNTRY AS WELL AS A ONE-WEEK CAREER READINESS CAMP FOR MIDDLE AND HIGH SCHOOL STUDENTS IN THE INGLEWOOD UNIFIED SCHOOL DISTRICT. THE PURPOSE OF OUR SUMMER PROGRAMMING IS TO PROVIDE PARTICIPANTS FROM UNDERREPRESENTED BACKGROUNDS WITH THE TECHNOLOGICAL TOOLS, ACCESS TO INDUSTRY MENTORSHIP, KNOWLEDGE OF CAREER PATHWAYS, AND STORYTELLING FOUNDATIONS NEEDED TO PURSUE A VIABLE CAREER IN THE ENTERTAINMENT INDUSTRY. BY REMOVING BARRIERS TO ACCESS, BRIC AIMS TO INCREASE DIVERSITY ON AND OFF THE SCREEN. ALL OF BRIC'S SUMMER PROGRAMMING PARTICIPANTS RECEIVED A WACOM TABLET AND A CHROMEBOOK, AND OUR INTERNSHIP PARTICIPANTS RECEIVED A STIPEND TO ALLEVIATE ANY FINANCIAL BURDENS. OUR INCREDIBLE AND DIVERSE SLATE OF GUEST SPEAKERS WERE ALSO COMPENSATED AS WE BELIEVE IN FINANCIALLY SUPPORTING CREATORS AS THEY PASS THEIR WISDOM TO OUR EMERGING GENERATION OF STORYTELLERS. BRIC SERVED 283 STUDENTS IN THEIR SUMMER INTERNSHIP PROGRAM AND CREATIVE ACADEMIES
BRIC HAS PARTNERED WITH EDUCATORS, GOVERNMENT, AND INDUSTRY EMPLOYERS IN ORDER TO BUILD A FEDERALLY AND STATE-REGISTERED PRE-APPRENTICESHIP AND APPRENTICESHIP PROGRAM THAT UTILIZES CALIFORNIA'S PUBLIC CAREER TECHNICAL EDUCATION (CTE) ARTS MEDIA AND ENTERTAINMENT (AME) SECTOR TO CREATE ANIMATION, VFX, AND GAMING APPRENTICESHIPS. THE GOAL OF THESE PROGRAMS IS TO PROVIDE YOUTH WITH ALTERNATIVE TRAINING TO COSTLY COLLEGE/UNIVERSITY PROGRAMS FOR ENTRY-LEVEL POSITION QUALIFICATION IN THE GAMING, ANIMATION, AND VFX INDUSTRIES. APPLICATIONS OPENED MID-NOVEMBER WITH THE FIRST COHORT AIMING TO BEGIN IN JANUARY 2023. WITH HELP FROM A $150,000 GRANT WITH WEST LOS ANGELES COLLEGE (WLAC) AND SOUTH BAY WORKFORCE INVESTMENT BOARD (SBWIB), WE ARE EXCITED TO LAUNCH APPRENTICESHIPS WITH CAREER PATHWAYS. BRIC ADDED 15 EMPLOYERS TO THE APPRENTICESHIP PROGRAM IN 2022.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Hendrix Chairman/executive Director | Officer | 50 | $77,423 |
Alison Mann Vice Chair/director Of Talent | OfficerTrustee | 1 | $31,672 |
Matthew Waynee Board Member | Trustee | 1 | $11,108 |
Carl Gist Board Member | Trustee | 1 | $0 |
John Huddle Board Member | Trustee | 1 | $0 |
Brandon Sharp Board Member | Trustee | 1 | $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 | $316,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,522 |
| Total Program Service Revenue | $19,500 |
| 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 | $336,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $101,095 |
| Compensation of current officers, directors, key employees. | $20,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,570 |
| Fees for services: Accounting | $7,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,792 |
| Advertising and promotion | $12,958 |
| Office expenses | $20,080 |
| Information technology | $16,767 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,369 |
| 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 | $7,052 |
| All other expenses | $3 |
| Total functional expenses | $337,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,742 |
| 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 | $0 |
| 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 | $101,742 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $101,742 |
| 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 | $101,742 |