Blexit Foundation Inc
- Assets
- $3.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Nashville, TN
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-3032236
Organization Overview
Blexit Foundation Inc is located in Nashville, TN. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Blexit Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blexit Foundation 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, Blexit Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Blexit Foundation Inc has awarded 16 individual grants totaling $154,430. 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
BLEXIT FOUNDATION IS A 501(C)(3) NON-PROFIT ORGANIZATION DEDICATED TO THE ADVANCEMENT OF URBAN AND MINORITY COMMUNITIES BY ENCOURAGING YOUTH TO SEEK AND TAKE ADVANTAGE OF OPPORTUNITIES IN 21ST CENTURY AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, BLEXIT COMMUNICATED ITS VISION AND MESSAGE THROUGH A VARIETY OF MULTI-MEDIA AND ONLINE MEDIA IN ADDITION TO HOLDING LIVE EVENTS IN VARIOUS CITIES. BLEXIT ADDITIONALLY MADE SEVERAL CHARITABLE CONTRIBUTIONS TO AFRICAN-AMERICAN OWNED BUSINESSES HURT BY VIOLENCE AND THE EFFECTS OF THE PANDEMIC. THE ORGANIZATION BROUGHT ON ADDITIONAL BOARD MEMBERS AND STAFF AND CONCEPTUALIZED NEW PROGRAMMING FOR IMPLEMENTATION IN 2022. BLEXIT EXPANDED PROGRAMMING BY LAUNCHING AN AFTERSCHOOL PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Owens President & Director | OfficerTrustee | 30 | $250,000 |
Gina Florio Live Events Director | 40 | $113,738 | |
Brandon Tatum Vice President & Director | OfficerTrustee | 5 | $36,000 |
George Farmer Treasurer | Officer | 30 | $0 |
Laurence Elder Board Member | Trustee | 5 | $0 |
Alice Hanley Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Olympic Media Fundraising | 12/30/21 | $612,356 |
Genesis Action Resources Security | 12/30/21 | $325,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,282,608 |
| Noncash contributions included in lines 1a–1f | $96,019 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,342,820 |
| Total Program Service Revenue | $1,008 |
| Investment income | $126 |
| 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 | $2,396,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $301,825 |
| Compensation of current officers, directors, key employees. | $13,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,100 |
| Payroll taxes | $223,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,135 |
| Fees for services: Accounting | $30,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $612,356 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $576,997 |
| Advertising and promotion | $28,426 |
| Office expenses | $2,805 |
| Information technology | $21,990 |
| Royalties | $0 |
| Occupancy | $25,500 |
| Travel | $205,708 |
| 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 | $10,499 |
| Insurance | $22,434 |
| All other expenses | $0 |
| Total functional expenses | $3,321,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,409 |
| Savings and temporary cash investments | $2,164,418 |
| Pledges and grants receivable | $590,161 |
| 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 | $21,667 |
| Net Land, buildings, and equipment | $18,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,991,862 |
| Accounts payable and accrued expenses | $31,084 |
| 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 | $31,084 |
| Net assets without donor restrictions | $2,594,656 |
| Net assets with donor restrictions | $366,122 |
| 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 | $2,991,862 |
Grants Awarded
Over the last fiscal year, Blexit Foundation Inc has awarded $154,430 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CLEARVIEW INDUSTRIES PURPOSE: REBUILD BLACK AMERICA FUNDING | $17,000 |
CLEARVIEW INDUSTRIES PURPOSE: REBUILD BLACK AMERICA FUNDING | $17,000 |
MYNEWPHILLYCOM PURPOSE: REBUILD BLACK AMERICA FUNDING | $14,000 |
MYNEWPHILLYCOM PURPOSE: REBUILD BLACK AMERICA FUNDING | $14,000 |
DWIGHT'S SOUTHERN BBQ PURPOSE: REBUILD BLACK AMERICA FUNDING | $8,215 |
DWIGHT'S SOUTHERN BBQ PURPOSE: REBUILD BLACK AMERICA FUNDING | $8,215 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Blexit Foundation Inc has recieved totaling $393,110.
| Awarding Organization | Amount |
|---|---|
Dunn Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $200,000 |
Center Of The American Experiment Golden Valley, MN PURPOSE: Nonprofit community support | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $35,110 |
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $25,000 |
A L Williams Jr Family Foundation Inc Duluth, GA PURPOSE: CHARITABLE PURPOSES | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: JUSTICE | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |