Hbcu Week Foundation Inc
- Assets
- $459.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2021
- EIN
- 85-1276996
Organization Overview
Hbcu Week Foundation Inc is located in Wilmington, DE. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Hbcu Week 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, Hbcu Week Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $965.6k 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
MOST SIGNIFCANT ACTIVIES 2020 COLLEGE FAIR RESULTS - ACCELPTANCES ON THE SPOT - 803, SCHOLARSHIPS OFFERED 270, FULL SCHOLARSHIPS 44 AND PARTIAL SCHOLARSHIPS 226. TOTAL SCHOLARSHIPS OFFERED 7,292,150 BY HBCUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 COLLEGE FAIR RESULTS - 528 STUDENTS ACCEPTED ON THE SPOT. SCHOLARSHIPS OFFERED - 478. FULL RIDES - 224. PARTIAL SCHOLARSHIPS - 226. TOTAL SCHOLARSHIP DOLLAR AMOUNT OFFERED BY APARTICIPATING HBCU 10,446,503.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Meachum ESQ Vice Chairman | Trustee | 2 | $0 |
Ashley Christopher ESQ President | Trustee | 30 | $0 |
Lorin Dale Pierce ESQ Secretary | Trustee | 5 | $0 |
Sonja Phillps Nichols Board Member | Trustee | 2 | $0 |
Heyward Damon Chairman | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $943,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,093,756 |
| Total Program Service Revenue | $79,917 |
| 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 | $1,173,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $122,500 |
| 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 | $30,218 |
| Fees for services: Legal | $9,250 |
| Fees for services: Accounting | $6,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,300 |
| Advertising and promotion | $119,036 |
| Office expenses | $20,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $89,209 |
| 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 | $7,409 |
| All other expenses | $3,940 |
| Total functional expenses | $965,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,760 |
| 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 | $459,043 |
| Accounts payable and accrued expenses | $333 |
| 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 | $333 |
| Net assets without donor restrictions | $204,759 |
| Net assets with donor restrictions | $187,523 |
| 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 | $458,710 |
| Total liabilities and net assets/fund balances | $459,043 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hbcu Week Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |
Kutztown University Student Services Inc Kutztown, PA | $8,214,790 | $4,234,539 |
Community Government Association Of Bloomsburg University Of Pa Bloomsburg, PA | $19,120,941 | $3,395,076 |
Maryland Business Roundtable For Education Inc Baltimore, MD | $721,059 | $3,522,017 |
Penn Hillel Philadelphia, PA | $14,941,250 | $3,257,734 |
Ligonier Valley Learning Center Inc Ligonier, PA | $1,798,717 | $2,940,186 |
I E C Chesapeake Apprenticeship & Training Inc Laurel, MD | $3,113,507 | $2,893,289 |