Civic Intelligence

Hbcu 20X20 Foundation

EIN 84-2260592 • 501(c)3 • Washington, DC

Pub. 78 Eligible990-N CoverageNTEE J20

Profile

HBCU 20x20 is the worlds largest network for HBCU and Black job seekers. We relentlessly pursue opportunities for others because when we all work together any and everything is possible. Born from the idea that students at HBCU Historically Black Colleges and Universities deserved the same job opportunities and career resources as those at Ivy League Institutions the company was founded as a social enterprise in 2017 with the goal of employing 20,000 HBCU students by year 2020. Since then we've grown exponentially to a quality over quantity approach with over 25,000 members. Today we own a recruiting platform to share opportunities with our more than 250 corporate partners. Our HBCU 20X20 Foundation serves students and alumni from all 105 HBCUs with professional development resources.

1250 Connecticut Avenue NWWashington, DC 20036

www.hbcu20x20.org

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Operations

Revenue

$872,570

No earlier filing loaded for comparison.

Expenses

$872,570

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$0Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

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

$1.0M$500K$0Revenue 2023: $872,570Expenses 2023: $872,570Net Income 2023: $02023

Highlighted filing

2023

Revenue$872,570
Expenses$872,570
Net Income$0
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$872,570
Expenses
$872,570
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$8.73$8.73$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jul 17, 2023
Return Version
2022v5.0
Gross Receipts
$872,570
Mission and Program Overview

Mission

HBCU 20x20 is the worlds largest network for HBCU and Black job seekers. We relentlessly pursue opportunities for others because when we all work together any and everything is possible. Born from the idea that students at HBCU Historically Black Colleges and Universities deserved the same job opportunities and career resources as those at Ivy League Institutions the company was founded as a social enterprise in 2017 with the goal of employing 20,000 HBCU students by year 2020. Since then we've grown exponentially to a quality over quantity approach with over 25,000 members. Today we own a recruiting platform to share opportunities with our more than 250 corporate partners. Our HBCU 20X20 Foundation serves students and alumni from all 105 HBCUs with professional development resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Other Assets Total$0$0→ $0
Total Assets$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dennis JohnsonSVP of Programs and PartnershipsFT$185,000$185,000
Nicole TinsonCEOFT$85,000$85,000

Board Members and Trustees

NameTitle
Jamya RobinsonChair of the Board
Eloise PryorBoard Mmeber

Highest Paid Contractors

ContractorServicesLocationCompensation
PureLogics LLCWebsite Development101 Stetson Ave, Corte Madera, CA 94925$152,500
Revenue and Support

Revenue Composition

Contributions and Grants
$450,000
Program Service Revenue
$422,570
Investment Income
$0
Other Revenue
$0
All Other Contributions
$450,000
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$577,570
Salaries, Compensation, and Employee Benefits$295,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$270,000$0$270,000
Fees for Services Other$0$160,280$0$160,280
Office Expenses$101,353$50,000$0$151,353
Information Technology$0$150,000$0$150,000
Travel$110,339$4,000$0$114,339
Other Employee Benefits$0$25,000$0$25,000
Advertising$1,098$500$0$1,598
Total Functional Expenses$212,790$659,780$0$872,570
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

Part VI, Line 2

“| Employee:, Relationship:, Employee:| Dennis Johnson, Family Relationship, Jamya Robinson| Nicole Tinson, Business Relationship, Dennis Johnson|”

Part VI, Section B, Line 11B

“No review was or will be conducted”

Part VI, Section C, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Hbcu 20x20 Foundation
EIN
84-2260592
In Care Of
% Nicole Tinson
Address
1250 Connecticut Avenue NW, Washington, DC 20036

Signing Officer

Name
Nicole Tinson
Title
CEO
Signed
2023-07-17
Discuss with paid preparer
No

Organization Details

Formed
2019
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
1,500
Supplemental Narrative

Additional Explanations

Part III, line 2

“Mock interview program and fellowship programs.”

Part III, Line 4D

“| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Gaining insight through research the VYP Research Institute is committed to true transformational change that will further advance the HBCU and Black community. HBCU 20x20 actively seeks to understand and provide solutions to address our nation's inequities. Whether the challenge is the opportunity gap or understanding the 21st century barriers that impact first generation students and professionals we listen and learn so we can identify answers to create a more equitable world., $937, $0, $5000| HBCU 20x20's Mock Interview Program So Tell Me About Yourself provides direct professional development to the HBCU and Black community through virtual practice interviews with volunteers from our partner companies during the fall and spring semesters., $0, $0, $6000|”

Part IX, line 11G

“| Description:, Amount:| PureLogics LLC for website developmet, $152500| Photography - Cedric Coyler, $1000| Photography and Videography - Fif Wilson, $2000| DJ for Network to Networth Event - Terrell Williams, $1000| Toptal - Quality Assurance, $2480| Techverx LLC - Website maintenance, $1300|”

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IRS990/Desc0HBCU 20x20 hosts paid Fellowship Programs to ensure Black students are adequately prepared for our partner employers' opportunities. Fellowship programs guarantee top-tier talent due to the rigorous application process and workshops. The workshop curriculum developed by HBCU 20x20 is used to facilitate the pipelining of students into receiving a job or internship at the end of the fellowship program.
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Nicole Tinson
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IRS990/ProgramServiceRevenueGrp/Desc0HBCU 20x20 Fellowships
IRS990/ProgramServiceRevenueGrp/Desc1Network to Networth
IRS990/ProgramServiceRevenueGrp/Desc2HBCU 20x20 Job Board
IRS990/ProgramServiceRevenueGrp/Desc3HBCU 20x20 Mock Interview Program
IRS990/ProgramServiceRevenueGrp/Desc4VYP Research Institute
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Network 2 Networth shifts the business connection to a more social setting. Speed networking provides employers with the opportunity to connect directly with Black professionals seeking new opportunities.
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