Civic Intelligence

Mbl Foundation Inc.

990 • Fiscal year 2018 • EIN 77-0698911

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

Organization ProfileN/A

View Organization Page

707 East Main StreetRichmond, VA 23219

(804) 649-7473

Siviq Scores

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

Liabilities / Assets

98th percentile

4.72x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.25x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

88th percentile

$33,654

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

$14,130

No earlier filing loaded for comparison.

Net Assets

-$52,625

No earlier filing loaded for comparison.

Liabilities

$66,755

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin79th percentile

Revenue

$263,881

No earlier filing loaded for comparison.

Expenses

$201,293

No earlier filing loaded for comparison.

Net Income

$62,588

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KAssets 2018: $14,130Liabilities 2018: $66,755Net Assets 2018: -$52,6252018Assets 2019: $65,809Liabilities 2019: $132,253Net Assets 2019: -$66,4442019Assets 2020: $310,376Liabilities 2020: $249,830Net Assets 2020: $60,5462020Assets 2021: $829,862Liabilities 2021: $150,571Net Assets 2021: $679,2912021Assets 2022: $1,204,782Liabilities 2022: $172,624Net Assets 2022: $1,032,1582022Assets 2023: $1,000,747Liabilities 2023: $194,607Net Assets 2023: $806,1402023Assets 2024: $1,381,589Liabilities 2024: $914,605Net Assets 2024: $466,9842024

Highlighted filing

2018

Assets$14,130
Liabilities$66,755
Net Assets-$52,625
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0Revenue 2018: $263,881Expenses 2018: $201,293Net Income 2018: $62,5882018Revenue 2019: $319,433Expenses 2019: $120,241Net Income 2019: $199,1922019Revenue 2020: $586,816Expenses 2020: $181,036Net Income 2020: $405,7802020Revenue 2021: $1,400,528Expenses 2021: $585,732Net Income 2021: $814,7962021Revenue 2022: $1,458,044Expenses 2022: $707,031Net Income 2022: $751,0132022Revenue 2023: $969,223Expenses 2023: $376,163Net Income 2023: $593,0602023Revenue 2024: $1,069,660Expenses 2024: $567,886Net Income 2024: $501,7742024

Highlighted filing

2018

Revenue$263,881
Expenses$201,293
Net Income$62,588
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$263,881
Mission and Program Overview

Mission

MBL Foundation, Inc. is the backbone for the development, support, and advancement of small, minority and women-owned businesses in the Richmond & Tri-cities areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$7,529-
Prepaid Expenses and Deferred Charges-$6,541-
Total Assets$0$14,130▲ $14,130
Other Assets Total-$60-
Liabilities
Deferred Revenue-$66,005-
Accounts Payable and Accrued Expenses-$750-
Total Liabilities$0$66,755▲ $66,755
Net Assets / Fund Balance
Unrestricted Net Assets-$14,130-
Temporarily Rstr Net Assets-$-66,755-
Total Net Assets Fund Balance$0$-52,625▼ $52,625
Total Liabilities and Net Assets / Fund Balance$0$14,130▲ $14,130
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sharon Dabney-wooldridgeDirector-$33,654$33,654
Floyd E MillerExecutive DirectorFT$27,692$27,692

Board Members and Trustees

NameTitle
Samuel S Young JrBoard Chair
Devon HenryImmediate Past Chair
Scottessa HurteVice Chair
Adrienne WhitakerDirector
Bernard RobinsonDirector
C Stinson MundyDirector
Catina WrightDirector
Connie HomDirector
Dallas SimmonsDirector
Joanne EvenDirector
John Ramirez IiiDirector
Nickkol LewisSecretary
Nita S VaughanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,000
Program Service Revenue
$168,261
Investment Income
$0
Other Revenue
$620
Change in Net Assets
$62,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,869
Salaries, Compensation, and Employee Benefits$63,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$136,876$0$0$136,876
Current Officers, Directors, Trustees, and Key Employees$33,980$3,776$0$37,756
Other Salaries and Wages$18,844$2,094$0$20,938
Payroll Taxes$4,257$473$0$4,730
Fees for Services Other$894$99$0$993
Total Functional Expenses$194,851$6,442$0$201,293
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
MBL Foundation Inc
EIN
77-0698911
Phone
8046497473
Address
707 East Main Street, Richmond, VA 23219

Signing Officer

Name
Floyd Miller Ii
Title
Executive Director
Phone
8046497473
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Floyd Miller Ii
Formed
2007
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
0
Employees
3
Volunteers
0

Preparer

Firm
K & P Financial LLC
Address
3022 W BROAD ST STE B, RICHMOND, VA 23230
Preparer
Karen Athy
Phone
8043066845
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is provided to the Executive Director and Finance Committee for questions and review before being filed.”

Pt VI, Line 15B

“Compensation is reviewed and voted upon by the Board and Finance Committee on an annual basis.”

Pt XI

“The Board of Directors, the Treasurer, the Finance Committee, and the President share the responsibilities of upholding financial policies and procedures. In the place of an audit system, the MBL Board reviews the financial documents monthly.”

Pt VI, Line 15A

“Compensation is reviewed and voted upon by the Board and Finance Committee on an annual basis.”

Pt VI, Line 19

“Form 990 is kept on site and is available for review upon request. The Board of Directors, the Treasurer, the finance committee, and the President share the responsibilities of upholding financial policies and procedures. In the place of an audit system, the MBL Board reviews the financial documents monthly.”

Form 990, Part IX, Line 24E

“Signature Events 122464. 122464. 0. 0.”

Form 990, Part IX, Line 24E

“RVA Linkup Expo 3941. 3941. 0. 0.”

Form 990, Part IX, Line 24E

“Educational Series 10471. 10471. 0. 0.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is provided to the Executive Director and Finance Committee for questions and review before being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation is reviewed and voted upon by the Board and Finance Committee on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors, the Treasurer, the Finance Committee, and the President share the responsibilities of upholding financial policies and procedures. In the place of an audit system, the MBL Board reviews the financial documents monthly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is reviewed and voted upon by the Board and Finance Committee on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is kept on site and is available for review upon request. The Board of Directors, the Treasurer, the finance committee, and the President share the responsibilities of upholding financial policies and procedures. In the place of an audit system, the MBL Board reviews the financial documents monthly.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RVA Linkup Expo 3941. 3941. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Educational Series 10471. 10471. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0-66755
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt014130
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt014130
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt095000
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06442
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0194851
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201293
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt066755
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt066755
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-52625
IRS990/TotalProgramServiceExpensesAmt0194851
IRS990/TotalProgramServiceRevenueAmt0168261
IRS990/TotalReportableCompFromOrgAmt061346
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0168881
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0263881
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014130
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt014130
IRS990/USAddress/AddressLine1Txt0707 E Main Street Suite 1615
IRS990/USAddress/CityNm0Richmond
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023219
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FLOYD MILLER II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08046497473
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MBL Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0MBLF
ReturnHeader/Filer/EIN0770698911
ReturnHeader/Filer/PhoneNum08046497473
ReturnHeader/Filer/USAddress/AddressLine1Txt0707 East Main Street
ReturnHeader/Filer/USAddress/CityNm0Richmond
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023219
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C871AAEB8186A46DE3D1A05D306E202C0AD4ABB2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C871AAEB8186A46DE3D1A05D306E202C0AD4ABB2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.176.212.38
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:14:14
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0K & P FINANCIAL LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03022 W BROAD ST STE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023230
ReturnHeader/PreparerPersonGrp/PhoneNum08043066845
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN ATHY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-15T13:14:22-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,130
Liabilities
$66,755
Net assets
-$52,625
Revenue
$263,881
Expenses
$201,293
Net income
$62,588
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.38$0.91$0.47$1.07$0.57$0.50
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.19$0.81$0.97$0.38$0.59
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.17$1.03$1.46$0.71$0.75
2021Detailed filing. Detailed filing data is available for this year.$0.83$0.15$0.68$1.40$0.59$0.81
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.25$0.06$0.59$0.18$0.41
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.13$0.07$0.32$0.12$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.07$0.05$0.26$0.20$0.06