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EIN 86-3846215

Hbcu Founders Initiative

IRS 501(c) type
501(c)(3)
Num. employees
0
City
San Francisco
State
California
Year formed
2021
Most recent tax filings
2023-06-01
NTEE code, primary
Z99: Unknown
Description
Hbcu Founders Initiative inspires and supports women and minorities to pursue entrepreneurship through its pre-accelerator program. This 8-week program targets entrepreneurs who have moved past the ideation stage and teaches them how to build a startup company.
Total revenues
$1,175,500
2023
Total expenses
$1,172,970
2023
Total assets
$8,693
2023
Num. employees
0
2023

Program areas at Hbcu Founders Initiative

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.

Grants made by Hbcu Founders Initiative

GranteeGrant descriptionAmount
Oakwood UniversityTo Directly Foster Innovation and Entrepreneurship on Campus.$10,000
Spelman CollegeTo Directly Foster Innovation and Entrepreneurship on Campus.$10,000

Who funds Hbcu Founders Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
AarpSponsorship of the Hbcu Founders Initiative Program$75,000

Personnel at Hbcu Founders Initiative

NameTitleCompensation
Marlon EvansPresident$0
Kip QuackenbushTreasurer$0
Andre KirwanSecretary$0

Financials for Hbcu Founders Initiative

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,175,500
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,175,500

Form 990s for Hbcu Founders Initiative

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-28990View PDF
2022-062023-05-15990View PDF

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Data update history
May 21, 2024
Updated personnel
Identified 5 new personnel
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $75,000 from Aarp
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 17, 2023
Updated personnel
Identified 2 new personnel
June 29, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Employment organizationsCharities
Issues
Education
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
325 Pacific Ave
San Francisco, CA 94111
Metro area
San Francisco-Oakland-Berkeley, CA
County
San Francisco County, CA
Website URL
hbcufi.org/ 
Phone
(877) 829-5500
IRS details
EIN
86-3846215
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Z99: Z99
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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