Civic Intelligence

Bfb Foundation Inc.

990 • Fiscal year 2024 • EIN 45-2402969

Jan 01, 2024 to Dec 31, 2024 • Filed on May 07, 2025

Organization ProfileWWW.BFBFOUNDATION.ORG
4250 Congress Street 250Charlotte, NC 28209

(704) 593-6935

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.02x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • NTEE B11 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.02x

Higher debt load relative to revenue than 83% of similar nonprofits.

2024 filings • NTEE B11 • <$500k nonprofits • Source year 2024

Net Margin

59th percentile

16%

Higher net margin than 59% of similar nonprofits.

2024 filings • NTEE B11 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$0

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE B11 • <$500k nonprofits • Source year 2024

Asset Growth

62nd percentile

17%

Faster asset growth than 62% of similar nonprofits.

2024 filings • NTEE B11 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

21%

Faster revenue growth than 66% of similar nonprofits.

2024 filings • NTEE B11 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$299,164

Up $42,940 (+17%) from 2023

Net Assets

Up

$294,447

Up $38,223 (+15%) from 2023

Liabilities

Up

$4,717

Up $4,717 from 2023

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin59th percentile

Revenue

Up

$242,835

Up $42,948 (+21%) from 2023

Expenses

Down

$204,612

Down $19,630 (-8.8%) from 2023

Net Income

Up

$38,223

Up $62,578 (+257%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $4,150Liabilities 2011: $02011Assets 2012: $43,906Liabilities 2012: $2,4752012Assets 2013: $1,612Liabilities 2013: $2,7542013Assets 2015: $384,918Liabilities 2015: $392015Assets 2020: $275,543Liabilities 2020: $37Net Assets 2020: $275,5062020Assets 2021: $308,369Liabilities 2021: $3,776Net Assets 2021: $304,5932021Assets 2022: $281,078Liabilities 2022: $499Net Assets 2022: $280,5792022Assets 2023: $256,224Liabilities 2023: $0Net Assets 2023: $256,2242023Assets 2024: $299,164Liabilities 2024: $4,717Net Assets 2024: $294,4472024

Highlighted filing

2024

Assets$299,164
Liabilities$4,717
Net Assets$294,447
Open 2024 Filing

Operations Trend

Revenue Growth66th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $19,202Expenses 2011: $15,052Net Income 2011: $4,1502011Revenue 2012: $252,667Expenses 2012: $215,386Net Income 2012: $37,2812012Revenue 2013: $253,581Expenses 2013: $296,154Net Income 2013: -$42,5732013Revenue 2015: $674,224Expenses 2015: $321,941Net Income 2015: $352,2832015Revenue 2020: $311,111Expenses 2020: $243,140Net Income 2020: $67,9712020Revenue 2021: $360,069Expenses 2021: $333,025Net Income 2021: $27,0442021Revenue 2022: $373,555Expenses 2022: $397,569Net Income 2022: -$24,0142022Revenue 2023: $199,887Expenses 2023: $224,242Net Income 2023: -$24,3552023Revenue 2024: $242,835Expenses 2024: $204,612Net Income 2024: $38,2232024

Highlighted filing

2024

Revenue$242,835
Expenses$204,612
Net Income$38,223
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$242,835
Mission and Program Overview

Mission

To strengthen developing communities by supporting education-focused initiatives for girls and women. Our vision is to break the cycle of poverty.

Strengthening developing communities by supporting education-focused initiatives for girls and women.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$53,584$85,224▲ $31,640
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$256,224$299,164▲ $42,940
Other Assets Total$202,640$213,940▲ $11,300
Liabilities
Other Liabilities$0$4,717▲ $4,717
Total Liabilities$0$4,717▲ $4,717
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$256,224$294,447▲ $38,223
Total Net Assets Fund Balance$256,224$294,447▲ $38,223
Total Liabilities and Net Assets / Fund Balance$256,224$299,164▲ $42,940

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,373$1,373
Other Assets Org$11,300--
Compensation and Service Providers
Top Officer Pay97th percentile

Board Members and Trustees

NameTitle
Christine Burns-fazziBoard Chair
Thomas FarrellVice Chair
Deb FooteDirector
Gerrianne Winky BurksDirector
James PattersonDirector
Jennifer JacksonDirector
Kathleen GreesonDirector
Linda ArntzenDirector
Paulina Scott TorrebiarteDirector
Shelly BrockDirector
Anne VariSecretary
Lynne BarrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$242,586
Program Service Revenue
$0
Investment Income
$249
Other Revenue
$0
All Other Contributions
$242,586
Change in Net Assets
$38,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$118,545
Other Expenses$86,067
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$118,545--$118,545
Travel$21,766--$21,766
Fees for Services Other$19,451--$19,451
Office Expenses-$9,636-$9,636
Conferences and Meetings$9,479--$9,479
Fees for Services Accounting-$6,027-$6,027
Advertising-$4,444-$4,444
Other Expenses$2,350--$2,350
Information Technology-$2,019-$2,019
Total Functional Expenses$182,486$22,126$0$204,612
International Activity

International Summary

Offices
0
Employees
1
Spending
$332,077

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments-00$202,640
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Grantmaking-00$111,445
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Program ServicesTUITION SPONSORSHIP; ENGLISH IMMERSION CLASSES01$17,992
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Liabilities$4,717
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The return is prepared by an external accountant. The return is provided via email to the board before filing.”

Form 990, Part VI, Section B, Line 12C

“Bfbf furnishes a copy of the conflict of interest policy to each board member and employee currently serving the organization or who may become associated with bfbf. The policy and a conflict of interest disclosure statement are distributed annually for completion by all board members and employees and maintained as records of bfbf.”

Form 990, Part VI, Section C, Line 19

“Bfb foundation makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bfb Foundation Inc
EIN
45-2402969
Phone
7045936935
Address
4250 CONGRESS STREET 250, CHARLOTTE, NC 28209

Signing Officer

Name
Lynne Barr
Title
Treasurer
Phone
9802331834
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Burns-fazzi
Formed
2011
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Bree-ann Weidner
Phone
7043771678
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/FactsAndCircumstancesTestTxt01. ATTRACTION OF PUBLIC SUPPORT: THE FOUNDATION HAS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE FOUNDATION'S WEBSITE (WWW.BFBFOUNDATION.ORG) IS CONTINUOUSLY UPDATED WITH INFORMATION ABOUT THE MISSION AND PROGRAMS OF THE FOUNDATION AND PROVIDES THE ABILITY TO DONATE ONLINE. (DONATE BUTTON IS AT THE TOP RIGHT-HAND CORNER OF EACH PAGE.) THE FOUNDATION HAS INSTAGRAM, FACEBOOK, AND LINKEDIN ACCOUNTS (@BFBFOUNDATION) WITH REGULAR (WEEKLY) POSTS PROVIDING NEWS AND EVENT INFORMATION ABOUT THE FOUNDATION. THE FOUNDATION SENDS A NEWSLETTER TO APPROXIMATELY 375 PERSONS TWICE A YEAR AND SOMETIMES MORE OFTEN TO PROMOTE EVENTS AND CAMPAIGNS AS NEEDED. ANNUAL GIVING REQUESTS ARE SUBMITTED TO THOSE PERSONS AS WELL. THE FOUNDATION HAS 2-3 ANNUAL PLANNED FUNDRAISERS EACH YEAR TO DRAW DONATIONS AND THE INTEREST OF NEW DONORS. CORPORATE DONORS ARE SOLICITED FOR SPECIFIC EVENTS. 2. PERCENTAGE OF FINANCIAL SUPPORT: THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE FOR 2024 IS 29.31% WHICH IS WELL ABOVE THE MINIMUM OF 10% NEEDED TO SATISFY THE FACTS AND CIRCUMSTANCES TEST.3. SOURCES OF SUPPORT: WHILE THE FOUNDATION HAS RECEIVED SIGNIFICANT ONGOING SUPPORT FROM ITS FOUNDERS, IT REGULARLY RECEIVES CONTRIBUTIONS IN SMALL AMOUNTS FROM A WIDE RANGE OF DONORS. IN 2024, THE FOUNDATION RECEIVED CONTRIBUTIONS FROM OVER 100 DONORS.4. REPRESENTATIVE GOVERNING BODY: THE FOUNDATION'S GOVERNING BODY IS COMPOSED OF INDIVIDUALS WHICH REPRESENT A BROAD CROSS-SECTION OF THE VIEWS AND INTERESTS OF THE COMMUNITY, INCLUDING HIGHER EDUCATION, TECHNOLOGY, LEGAL, GOVERNMENT, BUSINESS, AND ACCOUNTING/FINANCE. PLEASE SEE BELOW FOR A LIST OF THE FOUNDATION'S CURRENT BOARD OF DIRECTORS INCLUDING PROFESSIONAL HIGHLIGHTS.A. CHRISTINE BURNS-FAZZI, FOUNDER AND BOARD CHAIR - EXECUTIVE BENEFITS AND INSURANCEB. THOMAS FARRELL, VICE CHAIR - RETIRED U.S. DEPARTMENT OF STATE DEPUTY ASSISTANT SECRETARY OF STATE FOR ACADEMIC PROGRAMS IN THE BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS; CURRENTLY INTERNATIONAL HIGHER EDUCATION CONSULTANT TO UNIVERSITIES AND GOVERNMENTS.C. ANNE VARI, SECRETARY - FORMER FUNDRAISING CONSULTANT; COMMUNITY VOLUNTEER, ESPECIALLY FOCUSED ON LITERACY FOR PEOPLE OF ALL AGES.D. LYNNE BARR, TREASURER - 20 YEARS IN THE FINANCIAL SERVICES AND ACCOUNTING INDUSTRIES.E. LINDA ARNTZEN - 25 YEARS IN THE CHEMICAL INDUSTRY, MANAGING GLOBAL TEAMS.F. SHELLY BROCK - 30 YEARS AS HEALTHCARE NURSE.G. GERRIANNE WINKY BURKS, PROGRAMS COMMITTEE CHAIR - RETIRED AFTER 41 YEARS FINANCIAL SERVICES AND STAUNCH ADVOCATE FOR PROMOTING EDUCATION AND FINANCIAL LITERACY.H. DEB FOOTE - BUSINESS AND REAL ESTATE.I. KATHLEEN GREESON - PHOTOJOURNALIST.J. JENNIFER JACKSON, DEVELOPMENT CO-CHAIR - EXECUTIVE BENETS IN BANKING AND CREDIT UNIONS.K. JAMES PATTERSON, BYLAWS AND POLICY COMMITTEE CHAIR - ATTORNEY.L. PAULINA TORREBIARTE, BORN AND RAISED IN GUATEMALA CITY, FINANCE AND INTERNATIONAL BUSINESS.5. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES; PUBLIC PARTICIPATION IN PROGRAMS: THE FOUNDATION'S WOMEN'S SCHOLARSHIP PROGRAM IS CURRENTLY FUNDING 46 UNIVERSITY STUDENTS IN GUATEMALA. THE PROGRAM STARTED IN 2015 WITH 8 STUDENTS AND HAS GROWN EACH YEAR. AS A COMPONENT OF THIS PROGRAM, EACH STUDENT IS EXPECTED TO GIVE BACK TO THEIR COMMUNITIES THROUGH VOLUNTEERING OR DOING COMMUNITY SERVICE, THEREBY MULTIPLYING THE FOUNDATION'S IMPACT ON THE COMMUNITY. THE FOUNDATION ALSO SUPPORTS 100 STUDENTS IN HIGH SCHOOL IN GUATEMALA BY PROVIDING FUNDING TO TWO SOCORRO HIGH SCHOOLS. BY ELIMINATING THE BARRIER OF EDUCATION EXPENSES, THE FOUNDATION HOPES TO ENABLE MORE GIRLS TO COMPLETE HIGH SCHOOL AND GO ON TO UNIVERSITY. THE FOUNDATION ALSO SUPPORTS TEACHER TRAINING AND IMPLEMENTATION OF CURRICULUM FOCUSED ON LITERACY, SOCIAL SKILLS, AND FINANCIAL EDUCATION IN THESE SCHOOLS, CURRENTLY IMPACTING APPROXIMATELY 800 STUDENTS. THE FOUNDATION HAS ALSO PROVIDED FUNDING FOR WOMEN'S LEADERSHIP PROJECTS, COMMUNITY LIBRARIES, AND FINANCIAL LITERACY PROGRAMS IN GUATEMALA.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0242586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0199620
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0373542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0362201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0291601
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01469550
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0249
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02547
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.29310
IRS990ScheduleA/PublicSupportPY170Pct00.29080
IRS990ScheduleA/PublicSupportTotal170Amt0431486
IRS990ScheduleA/SubstantialContributorsTotAmt01038064
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0242586
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0199620
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0373542
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0362201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0291601
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01469550
IRS990ScheduleA/TotalSupportAmt01472097
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01373
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01373
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0202640
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111300
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROGRAM-RELATED INVESTMENT - GOOD PROPERTY GUATEMALA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UNDEPOSITED FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04717
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0213940
IRS990ScheduleD/TotalLiabilityAmt04717
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt017992
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1111445
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt2202640
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0TUITION SPONSORSHIP; ENGLISH IMMERSION CLASSES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTMAKING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt043424
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/ForeignIndividualsGrantsGrp/NonCashAssistanceAmt00
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt037
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0SCHOLARSHIPS
IRS990ScheduleF/ForeignPartnershipInd01
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt09008
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt114012
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt212010
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt35004
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt412474
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt515513
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt4WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt10
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt20
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt30
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt40
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt50
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GENERAL EDUCATIONAL EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1GENERAL EDUCATIONAL EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2GENERAL EDUCATIONAL EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3GENERAL EDUCATIONAL EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4GENERAL EDUCATIONAL EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt5GENERAL EDUCATIONAL EXPENSES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt4CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt5CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0332077
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0BFB FOUNDATION MAKES GRANTS TO VARIOUS SCHOOLS, AND AWARDS SCHOLARSHIPS DIRECTLY TO INDIVIDUAL STUDENTS. A SMALL PORTION OF THE GRANTS TO SCHOOLS ARE USED FOR EDUCATIONAL MATERIALS, WHICH THE SCHOOLS SUBSTANTIATE BY PROVIDING BFBF WITH A LIST OF SPECIFIC MATERIALS PURCHASED. THE MAJORITY OF FUNDS GRANTED TO SCHOOLS ARE USED FOR INDIVIDUAL STUDENTS AS SCHOLARSHIPS OR TUITION REDUCTIONS; THE SCHOOLS PROVIDE BFB FOUNDATION WITH AN ANNUAL REPORT, LISTING THE STUDENTS WHOSE TUITION HAS BEEN PAID BY THE GRANT FUNDS. THE INDIVIDUAL STUDENTS IN RECEIPT OF DIRECT SCHOLARSHIP FUNDS GO THROUGH AN APPLICATION PROCESS, AND ARE VETTED BEFORE THE GRANT IS DISBURSED. SINCE EACH INDIVIDUAL STUDENT GRANT IS A RELATIVELY SMALL AMOUNT AND IS INTENDED TO ASSIST STUDENTS WITH A BROAD ARRAY OF EDUCATIONAL EXPENSES (BOOKS, TRANSPORTATION, INTERNET ACCESS), THE ORGANIZATION DOES NOT MONITOR USE OF THESE FUNDS BEYOND THE ACCEPTANCE OF APPLICATION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/Total501c3OrgCnt06
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0332077
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS PREPARED BY AN EXTERNAL ACCOUNTANT. THE RETURN IS PROVIDED VIA EMAIL TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BFBF FURNISHES A COPY OF THE CONFLICT OF INTEREST POLICY TO EACH BOARD MEMBER AND EMPLOYEE CURRENTLY SERVING THE ORGANIZATION OR WHO MAY BECOME ASSOCIATED WITH BFBF. THE POLICY AND A CONFLICT OF INTEREST DISCLOSURE STATEMENT ARE DISTRIBUTED ANNUALLY FOR COMPLETION BY ALL BOARD MEMBERS AND EMPLOYEES AND MAINTAINED AS RECORDS OF BFBF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BFB FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$299,164
Liabilities
$4,717
Net assets
$294,447
Revenue
$242,835
Expenses
$204,612
Net income
$38,223
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.99$0.05$2.94$2.43$2.05$0.38
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.00$2.56$2.00$2.24$0.24
2022Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$3.74$3.98$0.24
2021Detailed filing. Detailed filing data is available for this year.$3.08$0.04$3.05$3.60$3.33$0.27
2020Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$3.11$2.43$0.68
2015Summary only. Only limited summary data is available for this year.$3.85$0.00$6.74$3.22$3.52
2013Summary only. Only limited summary data is available for this year.$0.02$0.03$2.54$2.96$0.43
2012Summary only. Only limited summary data is available for this year.$0.44$0.02$2.53$2.15$0.37
2011Summary only. Only limited summary data is available for this year.$0.04$0.00$0.19$0.15$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • <$500k nonprofits