2024-10-29T08:45:38-05:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2023-01-01 452402969 BFB FOUNDATION INC BFBF 7045936935 4250 CONGRESS STREET 250 CHARLOTTE NC 28209 LYNNE BARR TREASURER 7045936935 2024-10-29 1 1 BREE-ANN WEIDNER P01319397 7043771678 2023 2024-10-15 13:58:12Z CHRISTINE BURNS-FAZZI 4250 CONGRESS STREET 250 CHARLOTTE NC 28209 199887 0 X WWW.BFBFOUNDATION.ORG X 2011 NC STRENGTHENING DEVELOPING COMMUNITIES BY SUPPORTING EDUCATION-FOCUSED INITIATIVES FOR GIRLS AND WOMEN. 13 13 0 13 0 0 373542 199620 0 0 13 267 0 0 373555 199887 258748 143615 0 0 0 18750 0 0 0 138821 61877 397569 224242 -24014 -24355 281078 256224 499 0 280579 256224 TO STRENGTHEN DEVELOPING COMMUNITIES BY SUPPORTING EDUCATION-FOCUSED INITIATIVES FOR GIRLS AND WOMEN. OUR VISION IS TO BREAK THE CYCLE OF POVERTY. 0 0 182913 139615 TUITION SPONSORSHIP FOR YOUNG WOMEN FROM RURAL VILLAGES TO BECOME TEACHERS IN GUATEMALA AND/OR PURSUE STUDIES AT UNIVERSITY. HOSTED A REUNION OF GRADUATES AND ESTABLISHED A MENTORING/NETWORKING GROUP FOR STUDENTS. ALSO IMPLEMENTED SOCIAL AND FINANCIAL EDUCATION FOR A CHILDREN'S PROGRAM AT THREE LOCATIONS IN GUATEMALA. 14825 4000 SUPPORT OF A 3-YEAR PROGRAM FOR GIRLS TO TAKE WEEKLY ENGLISH IMMERSION CLASSES WITH THE GOAL OF SPEAKING AND READING ENGLISH FLUENTLY. 197738 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 GT 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NC X LYNNE BARR 7043322469 4250 CONGRESS STREET CHARLOTTE NC 28209 CHRISTINE BURNS-FAZZI BOARD CHAIR 5.00 X X 0 0 0 THOMAS FARRELL VICE CHAIR 2.00 X X 0 0 0 ANNE VARI SECRETARY 3.00 X X 0 0 0 LYNNE BARR TREASURER 1.00 X X 0 0 0 LINDA ARNTZEN DIRECTOR 1.00 X 0 0 0 SHELLY BROCK DIRECTOR 1.00 X 0 0 0 GERRIANNE WINKY BURKS DIRECTOR 1.00 X 0 0 0 DEB FOOTE DIRECTOR 1.00 X 0 0 0 KATHLEEN GREESON DIRECTOR 1.00 X 0 0 0 HEATHER HERRIG DIRECTOR 1.00 X 0 0 0 JENNIFER JACKSON DIRECTOR 1.00 X 0 0 0 JAMES PATTERSON DIRECTOR 1.00 X 0 0 0 PAULINA SCOTT TORREBIARTE DIRECTOR 1.00 X 0 0 0 ELIZABETH LOVE MADDREY EXECUTIVE DIRECTOR (ENDED 5/2023) 20.00 X 18750 0 0 18750 0 0 0 0 0 0 0 199620 199620 267 267 199887 0 0 267 110915 110915 32700 32700 18750 18750 5416 5416 10940 10940 17004 17004 7341 7341 2445 2445 768 768 362 362 EVENT EXPENSES 15177 15177 OTHER PROGRAM SUPPORT 2424 2424 224242 197738 26504 0 78438 53584 1373 1373 0 0 202640 202640 281078 256224 499 499 0 X 280579 256224 280579 256224 281078 256224 -24355 0 X 0 0 0 X 290731 291601 362201 373542 199620 1517695 290731 291601 362201 373542 199620 1517695 1075654 442041 2015 3 13 267 2298 1519993 0.29080 X SCHEDULE A, SECTION C., LINE 17A 1. ATTRACTION OF PUBLIC SUPPORT: THE FOUNDATION HAS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE FOUNDATION'S WEBSITE (WWW.BFBFOUNDATION.ORG) IS CONTINUOUSLY UPDATED WITH INFORMATION ABOUT THE MISSION AND PROGRAMS OF THE FOUNDATION AND PROVIDES THE ABILITY TO DONATE ONLINE. (DONATE BUTTON IS AT THE TOP RIGHT-HAND CORNER OF EACH PAGE.) THE FOUNDATION HAS INSTAGRAM, FACEBOOK, AND LINKEDIN ACCOUNTS (@BFBFOUNDATION) WITH REGULAR (WEEKLY) POSTS PROVIDING NEWS AND EVENT INFORMATION ABOUT THE FOUNDATION. THE FOUNDATION SENDS A NEWSLETTER TO APPROXIMATELY 375 PERSONS TWICE A YEAR AND SOMETIMES MORE OFTEN TO PROMOTE EVENTS AND CAMPAIGNS AS NEEDED. ANNUAL GIVING REQUESTS ARE SUBMITTED TO THOSE PERSONS AS WELL. THE FOUNDATION HAS 2-3 ANNUAL PLANNED FUNDRAISERS EACH YEAR TO DRAW DONATIONS AND THE INTEREST OF NEW DONORS. CORPORATE DONORS ARE SOLICITED FOR SPECIFIC EVENTS. 2. PERCENTAGE OF FINANCIAL SUPPORT: THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE FOR 2023 IS 29.08% WHICH IS WELL ABOVE THE MINIMUM OF 10% NEEDED TO SATISFY THE FACTS AND CIRCUMSTANCES TEST. 3. SOURCES OF SUPPORT: WHILE THE FOUNDATION HAS RECEIVED SIGNIFICANT ONGOING SUPPORT FROM ITS FOUNDERS, IT REGULARLY RECEIVES CONTRIBUTIONS IN SMALL AMOUNTS FROM A WIDE RANGE OF DONORS. IN 2023, THE FOUNDATION RECEIVED CONTRIBUTIONS FROM OVER 100 DONORS. 4. REPRESENTATIVE GOVERNING BODY: THE FOUNDATION'S GOVERNING BODY IS COMPOSED OF INDIVIDUALS WHICH REPRESENT A BROAD CROSS-SECTION OF THE VIEWS AND INTERESTS OF THE COMMUNITY, INCLUDING HIGHER EDUCATION, TECHNOLOGY, LEGAL, GOVERNMENT, BUSINESS, AND ACCOUNTING/FINANCE. PLEASE SEE BELOW FOR A LIST OF THE FOUNDATION'S CURRENT BOARD OF DIRECTORS INCLUDING PROFESSIONAL HIGHLIGHTS. A. CHRISTINE BURNS-FAZZI, FOUNDER AND BOARD CHAIR - EXECUTIVE BENEFITS AND INSURANCE B. THOMAS FARRELL, VICE CHAIR - RETIRED U.S. DEPARTMENT OF STATE DEPUTY ASSISTANT SECRETARY OF STATE FOR ACADEMIC PROGRAMS IN THE BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS; CURRENTLY INTERNATIONAL HIGHER EDUCATION CONSULTANT TO UNIVERSITIES AND GOVERNMENTS. C. ANNE VARI, SECRETARY - FORMER FUNDRAISING CONSULTANT; COMMUNITY VOLUNTEER, ESPECIALLY FOCUSED ON LITERACY FOR PEOPLE OF ALL AGES. D. LYNNE BARR, TREASURER - 20 YEARS IN THE FINANCIAL SERVICES AND ACCOUNTING INDUSTRIES. E. LINDA ARNTZEN - 25 YEARS IN THE CHEMICAL INDUSTRY, MANAGING GLOBAL TEAMS. F. SHELLY BROCK - 30 YEARS AS HEALTHCARE NURSE. G. GERRIANNE WINKY BURKS, PROGRAMS COMMITTEE CHAIR - RETIRED AFTER 41 YEARS FINANCIAL SERVICES AND STAUNCH ADVOCATE FOR PROMOTING EDUCATION AND FINANCIAL LITERACY. H. DEB FOOTE - BUSINESS AND REAL ESTATE. I. KATHLEEN GREESON - PHOTOJOURNALIST. J. HEATHER HERRIG - MEETINGS AND EVENTS PROFESSIONAL. K. JENNIFER JACKSON, DEVELOPMENT CO-CHAIR - EXECUTIVE BENETS IN BANKING AND CREDIT UNIONS. L. JAMES PATTERSON, BYLAWS AND POLICY COMMITTEE CHAIR - ATTORNEY. M. PAULINA TORREBIARTE, BORN AND RAISED IN GUATEMALA CITY, FINANCE AND INTERNATIONAL BUSINESS. N. MARLENE SCHWARTZ, BOARD ADVISOR - RETIRED FROM THE U.S. DEPARTMENT OF STATE WITH MORE THAN 40 YEARS OF SERVICE. 5. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES; PUBLIC PARTICIPATION IN PROGRAMS: THE FOUNDATION'S WOMEN'S SCHOLARSHIP PROGRAM IS CURRENTLY FUNDING 46 UNIVERSITY STUDENTS IN GUATEMALA. THE PROGRAM STARTED IN 2015 WITH 8 STUDENTS AND HAS GROWN EACH YEAR. AS A COMPONENT OF THIS PROGRAM, EACH STUDENT IS EXPECTED TO GIVE BACK TO THEIR COMMUNITIES THROUGH VOLUNTEERING OR DOING COMMUNITY SERVICE, THEREBY MULTIPLYING THE FOUNDATION'S IMPACT ON THE COMMUNITY. THE FOUNDATION ALSO SUPPORTS 100 STUDENTS IN HIGH SCHOOL IN GUATEMALA BY PROVIDING FUNDING TO TWO SOCORRO HIGH SCHOOLS. BY ELIMINATING THE BARRIER OF EDUCATION EXPENSES, THE FOUNDATION HOPES TO ENABLE MORE GIRLS TO COMPLETE HIGH SCHOOL AND GO ON TO UNIVERSITY. THE FOUNDATION ALSO SUPPORTS TEACHER TRAINING AND IMPLEMENTATION OF CURRICULUM FOCUSED ON LITERACY, SOCIAL SKILLS, AND FINANCIAL EDUCATION IN THESE SCHOOLS, CURRENTLY IMPACTING APPROXIMATELY 800 STUDENTS. THE FOUNDATION HAS ALSO PROVIDED FUNDING FOR WOMEN'S LEADERSHIP PROJECTS, COMMUNITY LIBRARIES, AND FINANCIAL LITERACY PROGRAMS IN GUATEMALA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1373 1373 0 0 PROGRAM-RELATED INVESTMENT - GOOD PROPERTY GUATEMALA 202640 202640 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 1 PROGRAM SERVICES TUITION SPONSORSHIP; ENGLISH IMMERSION CLASSES 17004 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTMAKING 32700 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 202640 0 1 0 0 0 1 252344 0 252344 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 46 32700 WIRE TRANSFER 0 0 0 0 1 0 PART I, LINE 2: BFB FOUNDATION MAKES GRANTS TO VARIOUS SCHOOLS, AND AWARDS SCHOLARSHIPS DIRECTLY TO INDIVIDUAL STUDENTS. A SMALL PORTION OF THE GRANTS TO SCHOOLS ARE USED FOR EDUCATIONAL MATERIALS, WHICH THE SCHOOLS SUBSTANTIATE BY PROVIDING BFBF WITH A LIST OF SPECIFIC MATERIALS PURCHASED. THE MAJORITY OF FUNDS GRANTED TO SCHOOLS ARE USED FOR INDIVIDUAL STUDENTS AS SCHOLARSHIPS OR TUITION REDUCTIONS; THE SCHOOLS PROVIDE BFB FOUNDATION WITH AN ANNUAL REPORT, LISTING THE STUDENTS WHOSE TUITION HAS BEEN PAID BY THE GRANT FUNDS. THE INDIVIDUAL STUDENTS IN RECEIPT OF DIRECT SCHOLARSHIP FUNDS GO THROUGH AN APPLICATION PROCESS, AND ARE VETTED BEFORE THE GRANT IS DISBURSED. SINCE EACH INDIVIDUAL STUDENT GRANT IS A RELATIVELY SMALL AMOUNT AND IS INTENDED TO ASSIST STUDENTS WITH A BROAD ARRAY OF EDUCATIONAL EXPENSES (BOOKS, TRANSPORTATION, INTERNET ACCESS), THE ORGANIZATION DOES NOT MONITOR USE OF THESE FUNDS BEYOND THE ACCEPTANCE OF APPLICATION. 1 CENTRAL PIEDMONT COMMUNITY COLLEGE FOUNDATION P O BOX 35009 CHARLOTTE NC 28235 560890420 501(C)3 110915 0 GENERAL ASSISTANCE 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN EXTERNAL ACCOUNTANT. THE RETURN IS PROVIDED VIA EMAIL TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINES 13 AND 14 BFB FOUNDATION HAD A WRITTEN DOCUMENT RETENTION & DESTRUCTION POLICY AND A WRITTEN WHISTLEBLOWER POLICY IN DEVELOPMENT DURING THE YEAR BUT DID NOT HAVE THEM IN PLACE BY YEAR END. BFB FOUNDATION DID, HOWEVER, OFFICIALLY ADOPT BOTH POLICIES BY FEBRUARY 2024, WHICH WILL BE REFLECTED IN THE NEXT FORM 990 FILING. FORM 990, PART VI, SECTION B, LINE 12C BFBF FURNISHES A COPY OF THE CONFLICT OF INTEREST POLICY TO EACH BOARD MEMBER AND EMPLOYEE CURRENTLY SERVING THE ORGANIZATION OR WHO MAY BECOME ASSOCIATED WITH BFBF. THE POLICY AND A CONFLICT OF INTEREST DISCLOSURE STATEMENT ARE DISTRIBUTED ANNUALLY FOR COMPLETION BY ALL BOARD MEMBERS AND EMPLOYEES AND MAINTAINED AS RECORDS OF BFBF. FORM 990, PART VI, SECTION C, LINE 19 BFB FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.