Blck Vc
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4735516
Organization Overview
Blck Vc is located in San Francisco, CA. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, Blck Vc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blck Vc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT, ENGAGE, EMPOWER AND ADVANCE BLACK VENTURE INVESTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT BLACK INVESTORS WITH THE ACCESS, EDUCATION AND COMMUNITY NEEDED TO ACCELERATE THEIR CAREERS IN VENTURE CAPITAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mclauglin Amanda Victoria Bynum Chief Executive Officer | Officer | 40 | $181,662 |
Samer Yousif Interim Chief Executive Office | Officer | 40 | $126,381 |
Groce Frederik Co-Founder And Board Co-Chair | OfficerTrustee | 1 | $0 |
Sykes Sydney Co-Founder And Board Co-Chair | OfficerTrustee | 1 | $0 |
Cummings Jackson Board Member | Trustee | 1 | $0 |
Asem Mike 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 | $238,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,934 |
| Total Program Service Revenue | $1,695,507 |
| 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 | $1,934,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,449 |
| 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. | $308,043 |
| Compensation of current officers, directors, key employees. | $308,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,093 |
| Payroll taxes | $36,175 |
| Fees for services: Management | $382,761 |
| Fees for services: Legal | $608 |
| Fees for services: Accounting | $19,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,632 |
| Advertising and promotion | $158,007 |
| Office expenses | $26,406 |
| Information technology | $55,098 |
| Royalties | $0 |
| Occupancy | $8,069 |
| Travel | $271,996 |
| 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 | $1,013 |
| Insurance | $5,212 |
| All other expenses | $0 |
| Total functional expenses | $1,872,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,669,260 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,167 |
| 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 | $3,431 |
| Net Land, buildings, and equipment | $3,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,725,310 |
| Accounts payable and accrued expenses | $46,720 |
| Grants payable | $0 |
| Deferred revenue | $723,699 |
| 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 | $770,419 |
| Net assets without donor restrictions | $954,891 |
| 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 | $1,725,310 |
Grants Awarded
Over the last fiscal year, Blck Vc has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK WOMEN IN VENTURE CAPITAL PURPOSE: General Support | $6,000 |
GOODIE NATION PURPOSE: General Support | $6,000 |