Civic Intelligence

Black Girl Ventures Foundation

EIN 83-0935942 • 501(c)3 • Alexandria, VA

Profile

To provide black and brown woman identifying as founders with access to community, education and leadership development in order to meet business milestones that lead to economic success through entrepreneurship.

8647 Richmond Highway 649Alexandria, VA 22309

www.blackgirlventures.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.01x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-19%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,501,780

Up $570,645 (+12%) from 2023

Liabilities

Down

$53,303

Down $58,877 (-52%) from 2023

Net Assets

Up

$5,448,477

Up $629,522 (+13%) from 2023

Revenue

Down

$4,539,358

Down $1,059,887 (-19%) from 2023

Expenses

Up

$3,909,836

Up $334,831 (+9.4%) from 2023

Net Income

Down

$629,522

Down $1,394,718 (-69%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2019: $40,310Liabilities 2019: $0Net Assets 2019: $40,3102019Assets 2020: $2,856,647Liabilities 2020: $484Net Assets 2020: $2,856,1632020Assets 2021: $2,941,094Liabilities 2021: $52,985Net Assets 2021: $2,888,1092021Assets 2022: $2,617,449Liabilities 2022: $177,000Net Assets 2022: $2,440,4492022Assets 2023: $4,931,135Liabilities 2023: $112,180Net Assets 2023: $4,818,9552023Assets 2024: $5,501,780Liabilities 2024: $53,303Net Assets 2024: $5,448,4772024

Highlighted filing

2024

Assets$5,501,780
Liabilities$53,303
Net Assets$5,448,477

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $246,906Expenses 2019: $208,734Net Income 2019: $38,1722019Revenue 2020: $3,705,150Expenses 2020: $891,498Net Income 2020: $2,813,6522020Revenue 2021: $3,288,394Expenses 2021: $3,501,861Net Income 2021: -$213,4672021Revenue 2022: $4,434,818Expenses 2022: $4,671,583Net Income 2022: -$236,7652022Revenue 2023: $5,599,245Expenses 2023: $3,575,005Net Income 2023: $2,024,2402023Revenue 2024: $4,539,358Expenses 2024: $3,909,836Net Income 2024: $629,5222024

Highlighted filing

2024

Revenue$4,539,358
Expenses$3,909,836
Net Income$629,522

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 27, 2025
Return Version
2024v5.1
Gross Receipts
$4,539,358
Mission and Program Overview

Mission

To provide Black and Brown woman-identifying founders with access to community,education, and leadership development in order to meet business milestones that lead to economic advancement through entrepreneurship.

The mission is to create access to capital, capacity building and education for under resourced entrepreneurs that enables business sustainability and creates intergenerational wealth for a more equitable society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,687,258$3,854,977▲ $1,167,719
Pledges and Grants Receivable$2,243,877$1,631,785▼ $612,092
Land, Buildings, and Equipment, Net$0$15,018▲ $15,018
Total Assets$4,931,135$5,501,780▲ $570,645
Liabilities
Accounts Payable and Accrued Expenses$112,180$53,303▼ $58,877
Total Liabilities$112,180$53,303▼ $58,877
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,075,078$3,519,191▲ $1,444,113
Net Assets With Donor Restrictions$2,743,877$1,929,286▼ $814,591
Total Net Assets Fund Balance$4,818,955$5,448,477▲ $629,522
Total Liabilities and Net Assets / Fund Balance$4,931,135$5,501,780▲ $570,645

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,018$671$15,689
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Omi BellChief Executive OfficerFT$212,070$7,341$219,411
Vanessa Mcdowell-atlasChief Operating OfficerFT$143,429$5,242$148,671

Board Members and Trustees

NameTitle
Willie WilliamsBoard Chair
Nikisha CarpenterOfficer
Selvi ClarkOfficer
Alex NecklesSecretary
Kristina FrancisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,458,317
Program Service Revenue
$72,414
Investment Income
$8,481
Other Revenue
$146
All Other Contributions
$4,458,317
Change in Net Assets
$629,522

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,539,358
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,539,358
Total Revenue per Form 990
$4,539,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,804,206
Salaries, Compensation, and Employee Benefits$1,333,033
Grants and Similar Amounts Paid$772,597
Total Fundraising Expense$60,230
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$508,093$587,830$59,980$1,155,903
Other Salaries and Wages$630,000$210,000-$840,000
Grants to Domestic Individuals$772,597--$772,597
Current Officers, Directors, Trustees, and Key Employees$266,624$88,875-$355,499
Travel$197,687$1,400-$199,087
Payroll Taxes$69,292$23,097-$92,389
Information Technology$19,200$29,463-$48,663
Other Employee Benefits$33,859$11,286-$45,145
Advertising$33,163$8,484-$41,647
Other Expenses$50,171$32,419$250$32,419
Office Expenses$11,087$14,993-$26,080
Fees for Services Accounting-$20,664-$20,664
All Other Expenses-$13,184-$13,184
Insurance-$8,864-$8,864
Fees for Services Legal-$4,443-$4,443
Depreciation Depletion-$670-$670
Total Functional Expenses$2,673,108$1,176,498$60,230$3,909,836

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,909,836
Total Expenses per Audited Statements$3,909,836
Total Expenses per Form 990$3,909,836
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Audit committee
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
No
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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Black Girl Ventures Foundation
EIN
83-0935942
Phone
5717717424
Address
8647 RICHMOND HIGHWAY 649, ALEXANDRIA, VA 22309

Signing Officer

Name
Omi Bell
Title
President & CEO
Phone
5717717424
Signed
2025-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Omi Bell
Formed
2018
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
18
Volunteers
306

Preparer

Firm
Ericksen Krentel Llp
Address
4227 CANAL STREET, NEW ORLEANS, LA 70119
Preparer
Jeremy Thibodeaux CPA
Phone
5044867275
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional expenses: program service expenses 497,357. Management and general expenses 539,830. Fundraising expenses 59,980. Total expenses 1,097,167. Professional memberships: program service expenses 10,736. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,736. Cfo services: program service expenses 0. Management and general expenses 48,000. Fundraising expenses 0. Total expenses 48,000.

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

The foundation's evaluation as of december 31, 2024 revealed no tax positions that would have a material impact on the financial statements. The 2021 through 2023 tax years remain subject to examination by the irs. The foundation does not believe that any reasonably possible changes will occur within the next twelve months that will have a material impact on the financial statements.

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IRS990/PYSalariesCompEmpBnftPaidAmt01538187
IRS990/PYTotalExpensesAmt03575005
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05599245
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0629522
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt072560
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt04458317
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05475823
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04434818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03343394
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03704666
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt021417018
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08481
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07431
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015912
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt072414
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt072414
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08481
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07431
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015912
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0146
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0115991
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0116137
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99390
IRS990ScheduleA/PublicSupportPY509Pct00.99290
IRS990ScheduleA/PublicSupportTotal509Amt021489830
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0398
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt0398
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04530731
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05475823
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04434818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03343394
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03705064
IRS990ScheduleA/Total509Grp/TotalAmt021489830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04539358
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05599245
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04434818
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03343394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03705064
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt021621879
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/BookValueAmt015018
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0671
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015689
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03909836
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04539358
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S EVALUATION AS OF DECEMBER 31, 2024 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2021 THROUGH 2023 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE FOUNDATION DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015018
IRS990ScheduleD/TotalExpensesPerForm990Amt03909836
IRS990ScheduleD/TotalRevenuePerForm990Amt04539358
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04539358
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03909836
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0772597
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0NEXTGEN AND EMERGING LEADERS GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0320
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0212070
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07341
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0OMI BELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0219411
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER PROFESSIONAL EXPENSES: PROGRAM SERVICE EXPENSES 497,357. MANAGEMENT AND GENERAL EXPENSES 539,830. FUNDRAISING EXPENSES 59,980. TOTAL EXPENSES 1,097,167. PROFESSIONAL MEMBERSHIPS: PROGRAM SERVICE EXPENSES 10,736. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,736. CFO SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 48,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04931135
IRS990/TotalAssetsEOYAmt05501780
IRS990/TotalAssetsGrp/BOYAmt04931135
IRS990/TotalAssetsGrp/EOYAmt05501780
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt04458317
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt060230
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01176498
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02673108
IRS990/TotalFunctionalExpensesGrp/TotalAmt03909836
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0112180
IRS990/TotalLiabilitiesEOYAmt053303
IRS990/TotalLiabilitiesGrp/BOYAmt0112180
IRS990/TotalLiabilitiesGrp/EOYAmt053303
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04818955
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05448477
IRS990/TotalOtherCompensationAmt012583
IRS990/TotalProgramServiceExpensesAmt02673108
IRS990/TotalProgramServiceRevenueAmt072414
IRS990/TotalReportableCompFromOrgAmt0355499

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