Civic Intelligence

Black Capital Foundation

990EZ • Fiscal year 2023 • EIN 86-2749636

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

PO Box 7077Denver, CO 80207

(720) 297-5301

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

12th percentile

-40%

Higher net margin than 12% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

86th percentile

$25,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

3rd percentile

-100%

Faster asset growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-23%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$74

Down $50,547 (-100%) from 2022

Net Assets

Down

$74

Down $49,853 (-100%) from 2022

Liabilities

Down

$0

Down $694 (-100%) from 2022

Revenue

Down

$124,076

Down $37,924 (-23%) from 2022

Expenses

Up

$173,929

Up $61,856 (+55%) from 2022

Net Income

Down

-$49,853

Down $99,780 (-200%) from 2022

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2022: $50,621Liabilities 2022: $694Net Assets 2022: $49,9272022Assets 2023: $74Liabilities 2023: $0Net Assets 2023: $742023

Highlighted filing

2023

Assets$74
Liabilities$0
Net Assets$74

Operations Trend

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

$200K$100K$0-$100KRevenue 2022: $162,000Expenses 2022: $112,073Net Income 2022: $49,9272022Revenue 2023: $124,076Expenses 2023: $173,929Net Income 2023: -$49,8532023

Highlighted filing

2023

Revenue$124,076
Expenses$173,929
Net Income-$49,853
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.0
Gross Receipts
$124,076
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.

To eliminate the wealth gap in the black community across america. To raise, invest, steward and expand capital for black businesses and communities. The black capital foundation (bcf) is a foundation 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.$77,000$110,238
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES COLEMANPresidentPT$25,000-$25,000
GREGORY HATCHERSecretary/TrPT$22,500-$22,500
KWON ATLASDirector-$0--
ASHLEE WEDGEWORTHDirector-$0--
JOSH RAINESDirector-$0--
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
James Coleman
Title
President
Phone
9736521972
Signed
2024-11-04
Discuss with paid preparer
Yes

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: beast fingers climbing, llc address: 5280 n broadway st denver, co 80216 cash contribution: 25,000 name: welton street cafe inc address: 2883 welton st denver, co 80205 cash contribution: 25,000 name: borne 16th llc address: 3349 york street denver, co 80205 cash contribution: 25,000

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 17,800 office 248 information technology 1,612 interest 2,250 insurance 872 bank fees 126 total 22,908

Form 990-ez, Part II, Line 24

Accounts receivable 50,000 0 total 50,000 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 694 0

Form 990-ez, Part III

To eliminate the wealth gap in the black community across america. To raise, invest, steward and expand capital for black businesses and communities. The black capital foundation (bcf) is a foundation 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.

Form 990-ez, Part III, Line 28

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.

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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 AMERICA. TO RAISE, INVEST, STEWARD AND EXPAND CAPITAL FOR BLACK BUSINESSES AND COMMUNITIES. THE BLACK CAPITAL FOUNDATION (BCF) IS A FOUNDATION 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: BEAST FINGERS CLIMBING, LLC ADDRESS: 5280 N BROADWAY ST DENVER, CO 80216 CASH CONTRIBUTION: 25,000 NAME: WELTON STREET CAFE INC ADDRESS: 2883 WELTON ST DENVER, CO 80205 CASH CONTRIBUTION: 25,000 NAME: BORNE 16TH LLC ADDRESS: 3349 YORK STREET DENVER, CO 80205 CASH CONTRIBUTION: 25,000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 694 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO ELIMINATE THE WEALTH GAP IN THE BLACK COMMUNITY ACROSS AMERICA. TO RAISE, INVEST, STEWARD AND EXPAND CAPITAL FOR BLACK BUSINESSES AND COMMUNITIES. THE BLACK CAPITAL FOUNDATION (BCF) IS A FOUNDATION 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BCF 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES COLEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09736521972
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI B BAUER CPA
ReturnHeader/ReturnTs02024-11-08T14:42:42-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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