Blavity Org Foundation Inc
- Assets
- $710.5k
- Revenue
- $353.4k
- Investments
- $25.0k
- Employees
- 2
- Location
- Culver City, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-2251399
Organization Overview
Blavity Org Foundation Inc is located in Culver City, CA. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Blavity Org Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blavity Org 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 12/2023, Blavity Org Foundation Inc generated $353.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (39.2%) each year. All expenses for the organization totaled $542.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Blavity Org Foundation Inc has awarded 19 individual grants totaling $206,500. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BLAVITYORG FOUNDATION'S MISSION IS TO FISCALLY SUPPORT BLACK-LED BUSINESSES. THE FOUNDATION FOCUSES ON INCREASING ACCESS, RESOURCES, AND KNOWLEDGE WHERE IT WILL HAVE THE MOST IMPACT, HELPING UNDERSERVED ENTREPRENEURS GROW AND SUCCEED THROUGH EDUCATION, STORYTELLING, WORKSHOPS, AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTED BUSINESS AND VIA PROVIDING FELLOWSHIP, ASSISTANTSHIP AND ORGANIZING IN PERSON EVENTS UNDER PROGRAM NAME "BLAVITY GRAVITY SPACES." BLAVITY GRAVITY SPACES ARE IN-PERSON, UNIQUE GATHERINGS FOR ENTREPRENEURS AND RISING CREATIVES THAT CREATE SPACE FOR PEOPLE TO GATHER, NETWORK AND BUILD THEIR ECONOMIC STRENGTH. BLAVITY GRAVITY SPACES ALSO RECIRCULATE FUNDING TO LOCAL MINORITY OWNED BUSINESSES THROUGH SPONSORSHIP AND VENDOR PATRONAGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Debaun Secretary | OfficerTrustee | 1 | $0 |
Aaron Samuels Treasurer | Trustee | 1 | $0 |
Jeff Nelson Chair | Trustee | 1 | $0 |
Tamyra Gordon | Officer | 1 | $71,587 |
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 | $352,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,943 |
| Total Program Service Revenue | $0 |
| Investment income | $415 |
| 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 | $353,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,000 |
| Grants and other assistance to domestic individuals. | $30,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,587 |
| Compensation of current officers, directors, key employees. | $71,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,562 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,833 |
| Fees for services: Management | $34,525 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,849 |
| Advertising and promotion | $33,200 |
| Office expenses | $740 |
| Information technology | $3,800 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,518 |
| 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 | $5,706 |
| All other expenses | $2,527 |
| Total functional expenses | $542,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,464 |
| 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 | $25,030 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $710,494 |
| 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 | $3,281 |
| Total liabilities | $3,281 |
| Net assets without donor restrictions | $707,213 |
| 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 | $710,494 |
Grants Awarded
Over the last fiscal year, Blavity Org Foundation Inc has awarded $91,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CISE INC (BLAKE PUTTEN) PURPOSE: Organizational development fellowship | $10,000 |
THE SAFETY POUCH (DAVID PRICE) PURPOSE: Organizational development fellowship | $11,000 |
THE KIBANDA LLC (EVANGELINE BUNDI) PURPOSE: Organizational development fellowship | $10,000 |
BLACK AUSTIN TOURS (JAVIER LAPREE WALLACE) PURPOSE: Organizational development fellowship | $10,000 |
SPOKEHUB INC (JOHN YORK) PURPOSE: Organizational development fellowship | $10,000 |
TRANSITION CNA INC (KAYLA WRIGHT-JACKSON) PURPOSE: Organizational development fellowship | $10,000 |