Civic Intelligence

Black Capital Foundation

EIN 86-2749636 • 501(c)3 • Denver, CO

Profile

To eliminate the wealth gap in the black community across colorado. To raise, invest, steward, and expand capital for black businesses and communities. The black capital foundation (bcf) is a non-profit designed to support and benefit black-owned and operated businesses that serve the black community. Bcf aims to be a solution that will contribute to providing inclusivity and equity for black ownership. Through impactful partnerships that are aligned to create tangible and realistic approaches, bcf will work to close the wealth gap in the black community.

PO Box 7077Denver, CO 80207
Siviq Scores

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

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

65th percentile

0.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$50,621

No earlier filing loaded for comparison.

Liabilities

$694

No earlier filing loaded for comparison.

Net Assets

$49,927

No earlier filing loaded for comparison.

Revenue

$162,000

No earlier filing loaded for comparison.

Expenses

$112,073

No earlier filing loaded for comparison.

Net Income

$49,927

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2022: $50,621Liabilities 2022: $694Net Assets 2022: $49,9272022

Highlighted filing

2022

Assets$50,621
Liabilities$694
Net Assets$49,927

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2022: $162,000Expenses 2022: $112,073Net Income 2022: $49,9272022

Highlighted filing

2022

Revenue$162,000
Expenses$112,073
Net Income$49,927

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.51$0.01$0.50$1.62$1.12$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$162,000
Mission and Program Overview

Mission

To eliminate the wealth gap in the black community across colorado. To raise, invest, steward, and expand capital for black businesses and communities. The black capital foundation (bcf) is a non-profit designed to support and benefit black-owned and operated businesses that serve the black community. Bcf aims to be a solution that will contribute to providing inclusivity and equity for black ownership. Through impactful partnerships that are aligned to create tangible and realistic approaches, bcf will work to close the wealth gap in the black community.

Program Services

DescriptionGrantsExpenses
BCF WILL STRATEGICALLY INVEST THE DOLLARS RAISED TO ENSURE LONG-TERM FINANCIAL SECURITY FOR BCF AS WELL AS CREATE FUNNELS OF OPPORTUNITY TO PURCHASE PROPERTY, INFRASTRUCTURE, AND PROPRIETARY TECHNOLOGY THAT BLACK BUSINESSES AND ORGANIZATIONS CAN UTILIZE TO ACHIEVE THEIR MISSION AND MEET THEIR FINANCIAL GOALS. THEREFORE, SEVERAL GRANTS WERE ISSUED TO BUSINESSES AND ORGANIZATIONS.$99,750$249
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES COLEMANPresidentPT$0--
GEGORY HATCHERSecretary/ TreasurerPT$0--
KWON ATLASBoard Director-$0--
ASHLEE WEDGEWORTHBoard Director-$0--
JOSH RAINESBoard Director-$0--
Governance and Compliance

Governance Explanations

Form 990-EZ, Part VI, Line 49

A $99,750 Fiscal sponsorship was provided to Faithbridge, 87-4155513, throughout the year 2022.

Filing and Contact Details

Filer

Filer Name
Black Capital Foundation
EIN
86-2749636
Phone
7202975301
Address
PO BOX 7077, DENVER, CO 80207

Signing Officer

Name
Gregory Hatcher
Title
Secretary/ Treasurer
Phone
7202975301
Signed
2023-11-14
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^BANK FEES;115|FISCAL SPONSORSHIP to Faithbridge EIN 87 4155513;99750|OFFICE EXPENSES;134^Total;99999^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^CABB GRANT;50000^Total;50000^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^ANNUAL FEE FOR REGISTERED AGENT;519|ACCOUNTING TAX SERVICES;175^Total;694^

Raw XML Appendix176 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0TO ELIMINATE THE WEALTH GAP IN THE BLACK COMMUNITY ACROSS COLORADO. TO RAISE, INVEST, STEWARD, AND EXPAND CAPITAL FOR BLACK BUSINESSES AND COMMUNITIES. THE BLACK CAPITAL FOUNDATION (BCF) IS A NON-PROFIT DESIGNED TO SUPPORT AND BENEFIT BLACK-OWNED AND OPERATED BUSINESSES THAT SERVE THE BLACK COMMUNITY. BCF AIMS TO BE A SOLUTION THAT WILL CONTRIBUTE TO PROVIDING INCLUSIVITY AND EQUITY FOR BLACK OWNERSHIP. THROUGH IMPACTFUL PARTNERSHIPS THAT ARE ALIGNED TO CREATE TANGIBLE AND REALISTIC APPROACHES, BCF WILL WORK TO CLOSE THE WEALTH GAP IN THE BLACK COMMUNITY.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^BANK FEES;115|FISCAL SPONSORSHIP to Faithbridge EIN 87 4155513;99750|OFFICE EXPENSES;134^Total;99999^
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A $99,750 Fiscal sponsorship was provided to Faithbridge, 87-4155513, throughout the year 2022.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part VI, Line 49
ReasonableCauseExplanation/ExplanationTxt0Inability to Obtain Records, SYSTEM ISSUES
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ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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