Liabilities / Assets
48th percentile
Higher debt load relative to assets than 48% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
48th percentile
Higher debt load relative to assets than 48% of similar nonprofits.
Liabilities / Revenue
18th percentile
Higher debt load relative to revenue than 18% of similar nonprofits.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
87th percentile
Faster asset growth than 87% of similar nonprofits.
Revenue Growth
86th percentile
Faster revenue growth than 86% of similar nonprofits.
Assets
Flat$8,693
Flat from 2023
Net Assets
Flat$8,193
Flat from 2023
Liabilities
Flat$500
Flat from 2023
Revenue
Flat$1,175,500
Flat from 2023
Expenses
Flat$1,172,970
Flat from 2023
Net Income
Flat$2,530
Flat from 2023
The corporation is organized and operated for charitable and educational purposes, including without limitation, inspiring and supporting women and minorities to pursue entrepreneurship
The corporation is organized and operated for charitable and educational purposes at hbcus.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $5,663 | $8,193 | ▲ $2,530 |
| Cash and Non-Interest-Bearing Accounts | $6,163 | $6,653 | ▲ $490 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $6,163 | $8,693 | ▲ $2,530 |
| Other Assets Total | $0 | $2,040 | ▲ $2,040 |
| Liabilities | |||
| Other Liabilities | $500 | $500 | → $0 |
| Total Liabilities | $500 | $500 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $5,663 | $8,193 | ▲ $2,530 |
| Total Liabilities and Net Assets / Fund Balance | $6,163 | $8,693 | ▲ $2,530 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $2,040 | - | - |
| Name | Title |
|---|---|
| Marlon Evans | President |
| Jarrid Whitney | Director |
| Kelsey Morgan Pasqualichio | Director |
| Marcela Ruiz | Director |
| Shelley Arakawa | Director |
| Andre Kirwan | Secretary |
| Kip Quackenbush | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,001,530 |
| Grants and Similar Amounts Paid | $95,000 |
| Salaries, Compensation, and Employee Benefits | $76,440 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $958,360 | $4,378 | - | $962,738 |
| Other Salaries and Wages | - | $76,440 | - | $76,440 |
| Grants to Domestic Orgs | $70,000 | - | - | $70,000 |
| Grants to Domestic Individuals | $25,000 | - | - | $25,000 |
| Travel | - | $13,600 | - | $13,600 |
| Advertising | $10,151 | - | - | $10,151 |
| Fees for Services Legal | - | $7,363 | - | $7,363 |
| Fees for Services Accounting | - | $4,190 | - | $4,190 |
| Insurance | - | $2,857 | - | $2,857 |
| Office Expenses | - | $631 | - | $631 |
| Total Functional Expenses | $1,063,511 | $109,459 | $0 | $1,172,970 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Bowie State University | Bowie, MD | - | To Directly Foster Innovation and Entrepreneurship on Campus. | $10,000 |
| Elizabeth City State University | Elizabeth City, NC | - | To Directly Foster Innovation and Entrepreneurship on Campus | $10,000 |
| Morgan State University | Baltimore, MD | - | To Directly Foster Innovation and Entrepreneurship on Campus. | $10,000 |
| North Carolina At&t University | Greensboro, NC | - | To Directly Foster Innovation and Entrepreneurship on Campus | $10,000 |
| Oakwood University | Huntsville, AL | - | To Directly Foster Innovation and Entrepreneurship on Campus. | $10,000 |
| Prairie View A&m University | Prairie View, TX | - | To Directly Foster Innovation and Entrepreneurship on Campus. | $10,000 |
| Spelman College | Atlanta, GA | - | To Directly Foster Innovation and Entrepreneurship on Campus. | $10,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Nex Cubed, LLC | $500 |
“Mr. Evans (president and director) and mr. Quackenbush (treasurer and director) are business associates at nex cubed, llc. This business relationship has been fully disclosed via a written conflict of interest policy and has been approved by the board of directors.”
“This form 990 was disseminated to all members of the board of directors for review and approval. Discussion and approval was made during a board of directors meeting held on february 1, 2024”
“The organization routinely monitors and enforces compliance with its conflict of interest policy by conducting quarterly reviews with the organization's legal counsel.”
“N/A”
“Bank charges: program service expenses 0. Management and general expenses 835. Fundraising expenses 0. Total expenses 835. Dues and subscription: program service expenses 0. Management and general expenses 3,513. Fundraising expenses 0. Total expenses 3,513. Fellow services: program service expenses 3,360. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,360. License and permits: program service expenses 0. Management and general expenses 30. Fundraising expenses 0. Total expenses 30. Hbcu program and campus implementation service cost: program service expenses 955,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 955,000.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE CORPORATION IS ORGANIZED AND OPERATED FOR CHARITABLE AND EDUCATIONAL PURPOSES AT HBCUS. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 10151 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 10151 |
| IRS990/AllOtherContributionsAmt | 0 | 1175500 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MARLON EVANS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8778295500 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 325 PACIFIC AVENUE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SAN FRANCISCO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 94111 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 6163 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 6653 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1175500 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 95000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 1001530 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 2530 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 76440 |
| IRS990/CYTotalExpensesAmt | 0 | 1172970 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1175500 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE PRE-ACCELERATOR PROGRAM IS AN 8-WEEK EDUCATIONAL PROGRAM DESIGNED FOR EARLY-STAGE FOUNDERS WHO ARE PAST THE IDEA STAGE OF THEIR STARTUP AND READY TO VALIDATE A PROBLEM AND BUILD A MINIMUM VIABLE PRODUCT. THE CORPORATION IS DEDICATED TO ENGAGING RISING STUDENTS AND ALUMNI ACROSS ALL HBCUS WHO ARE INTERESTED IN DEVELOPING SOLUTIONS THAT CLOSE THE RACIAL "WEALTH GAP AND RELATED INEQUALITIES IN THE UNITED STATES, SUCH AS ACCESS TO HEALTHCARE, EDUCATION, AND FINANCIAL SERVICES. ACCORDINGLY, PARTICIPATION IS OPEN TO ALL RISING STUDENTS AND RECENT GRADUATES OF HBCUS AND THE OBJECTIVE IS TO MAXIMIZE THE AVAILABILITY OF THE PROGRAM. THE PRE-ACCELERATOR PROGRAM CURRICULUM IS OPEN-SOURCE AND THE SESSIONS ARE AVAILABLE FREE OF CHARGE TO PROGRAM PARTICIPANTS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1063511 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 4190 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 4190 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 7363 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 7363 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 4378 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 958360 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 962738 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MARLON EVANS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KIP QUACKENBUSH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ANDRE KIRWAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KELSEY MORGAN PASQUALICHIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | SHELLEY ARAKAWA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MARCELA RUIZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JARRID WHITNEY |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2021 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantAmt | 0 | 95000 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 25000 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 25000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 70000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 70000 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1175500 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 2857 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2857 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE CORPORATION IS ORGANIZED AND OPERATED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING WITHOUT LIMITATION, INSPIRING AND SUPPORTING WOMEN AND MINORITIES TO PURSUE ENTREPRENEURSHIP |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5663 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 8193 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 631 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 631 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2040 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 500 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 500 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 76440 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 76440 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | KIP QUACKENBUSH |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 725000 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 122500 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 596837 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 5663 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 719337 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 725000 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 2530 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 5663 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 8193 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 1175500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 725000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 1900500 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 1900500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 1175500 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 725000 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 1900500 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 1175500 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 725000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 1900500 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 2040 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | PREPAID INSURANCE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 500 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO NEX CUBED, LLC |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 2040 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 500 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 0 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 25000 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | CASH |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 3 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc | 0 | BOOK |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 6 | 10000 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 1 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 2 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 3 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 4 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 5 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 6 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 4 | TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 5 | TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 6 | TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | MORGAN STATE UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | ELIZABETH CITY STATE UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | NORTH CAROLINA AT&T UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | OAKWOOD UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 4 | PRAIRIE VIEW A&M UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 5 | SPELMAN COLLEGE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 6 | BOWIE STATE UNIVERSITY |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1700 EAST COLD SPRING LANE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 1704 WEEKSVILLE RD |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 1601 E MARKET ST |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | 7000 ADVENTIST BLVD NW |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 4 | 700 UNIVERSITY DRIVE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 5 | 350 SPELMAN LN SW |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 6 | 14000 JERICHO PARK RD |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | BALTIMORE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | ELIZABETH CITY |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | GREENSBORO |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | HUNTSVILLE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 4 | PRAIRIE VIEW |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 5 | ATLANTA |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 6 | BOWIE |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | AL |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 4 | TX |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 5 | GA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 6 | MD |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 21251 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 27909 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 27411 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 35896 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 4 | 77446 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 5 | 30314 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 6 | 20715 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | BOOK |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 1 | BOOK |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 2 | BOOK |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 3 | BOOK |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 4 | BOOK |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 5 | BOOK |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 6 | BOOK |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MR. EVANS (PRESIDENT AND DIRECTOR) AND MR. QUACKENBUSH (TREASURER AND DIRECTOR) ARE BUSINESS ASSOCIATES AT NEX CUBED, LLC. THIS BUSINESS RELATIONSHIP HAS BEEN FULLY DISCLOSED VIA A WRITTEN CONFLICT OF INTEREST POLICY AND HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THIS FORM 990 WAS DISSEMINATED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. DISCUSSION AND APPROVAL WAS MADE DURING A BOARD OF DIRECTORS MEETING HELD ON FEBRUARY 1, 2024 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION ROUTINELY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY CONDUCTING QUARTERLY REVIEWS WITH THE ORGANIZATION'S LEGAL COUNSEL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 835. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 835. DUES AND SUBSCRIPTION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,513. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,513. FELLOW SERVICES: PROGRAM SERVICE EXPENSES 3,360. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,360. LICENSE AND PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30. HBCU PROGRAM AND CAMPUS IMPLEMENTATION SERVICE COST: PROGRAM SERVICE EXPENSES 955,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 955,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART IX, LINE 11G |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 6163 |
| IRS990/TotalAssetsEOYAmt | 0 | 8693 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 6163 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 8693 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 1175500 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 109459 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1063511 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1172970 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 500 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 500 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 500 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 500 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 5663 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 8193 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1063511 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1175500 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 6163 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 8693 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 13600 |
| IRS990/TravelGrp/TotalAmt | 0 | 13600 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 325 PACIFIC AVENUE |
| IRS990/USAddress/CityNm | 0 | SAN FRANCISCO |
| IRS990/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/USAddress/ZIPCd | 0 | 94111 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | HTTPS://WWW.HBCUFI.ORG/ |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KIP QUACKENBUSH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8778295500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-02-21 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | HBCU FOUNDERS INITIATIVE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HBCU |
| ReturnHeader/Filer/EIN | 0 | 863846215 |
| ReturnHeader/Filer/PhoneNum | 0 | 8778295500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 325 PACIFIC AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SAN FRANCISCO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94111 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 953309779 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GURSEY SCHNEIDER LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 16633 VENTURA BLVD SUITE 1320 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ENCINO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.