Nonprofit · EIN 45-2402969
BFB FOUNDATION INC
Tax-exempt · CHARLOTTE, NC 28209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $206,751 | $224,446 | -$17,695 | $281,098 | $4,346 | $276,752 |
| December 31, 2024 | 990 | $242,835 | $204,612 | $38,223 | $299,164 | $4,717 | $294,447 |
| December 31, 2023 | 990 | $199,887 | $224,242 | -$24,355 | $256,224 | $0 | $256,224 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $206,396
- Program service revenue
- $0
- Investment income
- $355
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $139,557
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $75
- Accounting fees
- $12,543
- Travel
- $6,806
- Program services (functional)
- $198,416
- Management and general (functional)
- $26,030
Balance sheet and other
- Total assets, start of year
- $299,164
- Total assets, end of year
- $281,098
- Total liabilities, end of year
- $4,346
- Net assets, end of year
- $276,752
- Net assets without donor restrictions
- $276,752
- Gross receipts
- $206,751
- Employees
- 0
- Volunteers
- 13
- Year formed
- 2011
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE BURNS-FAZZI | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| THOMAS FARRELL | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| ANNE VARI | SECRETARY Trustee or director, Officer | 3 | $0 |
| BARBARA HOLMES | TREASURER (AS OF JAN 2025) Trustee or director, Officer | 1 | $0 |
| LINDA ARNTZEN | DIRECTOR Trustee or director | 1 | $0 |
| SHELLY BROCK | DIRECTOR Trustee or director | 1 | $0 |
| GERRIANNE WINKY BURKS | DIRECTOR Trustee or director | 1 | $0 |
| DEB FOOTE | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN GREESON | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| JAMES PATTERSON | DIRECTOR Trustee or director | 1 | $0 |
| PAULINA SCOTT TORREBIARTE | DIRECTOR Trustee or director | 1 | $0 |
| LYNNE BARR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE BURNS-FAZZI | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| THOMAS FARRELL | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| ANNE VARI | SECRETARY Trustee or director, Officer | 3 | $0 |
| LYNNE BARR | TREASURER Trustee or director, Officer | 1 | $0 |
| LINDA ARNTZEN | DIRECTOR Trustee or director | 1 | $0 |
| SHELLY BROCK | DIRECTOR Trustee or director | 1 | $0 |
| GERRIANNE WINKY BURKS | DIRECTOR Trustee or director | 1 | $0 |
| DEB FOOTE | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN GREESON | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| JAMES PATTERSON | DIRECTOR Trustee or director | 1 | $0 |
| PAULINA SCOTT TORREBIARTE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH LOVE MADDREY | EXECUTIVE DIRECTOR (ENDED 5/2023) Officer | 20 | $18,750 |
| CHRISTINE BURNS-FAZZI | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| THOMAS FARRELL | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| ANNE VARI | SECRETARY Trustee or director, Officer | 3 | $0 |
| LYNNE BARR | TREASURER Trustee or director, Officer | 1 | $0 |
| LINDA ARNTZEN | DIRECTOR Trustee or director | 1 | $0 |
| SHELLY BROCK | DIRECTOR Trustee or director | 1 | $0 |
| GERRIANNE WINKY BURKS | DIRECTOR Trustee or director | 1 | $0 |
| DEB FOOTE | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN GREESON | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER HERRIG | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| JAMES PATTERSON | DIRECTOR Trustee or director | 1 | $0 |
| PAULINA SCOTT TORREBIARTE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4250 CONGRESS ST STE 250, CHARLOTTE, NC 28209-0046
- In care of
- % JEFF ZILIANI
- Principal officer (990 for 2025)
- BARBARA HOLMES, 4250 CONGRESS STREET 250, CHARLOTTE, NC 28209
- Signed the 990
- BARBARA HOLMES, TREASURY
- Phone
- (704) 593-6935
- Website
- WWW.BFBFOUNDATION.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
TO STRENGTHEN DEVELOPING COMMUNITIES BY SUPPORTING EDUCATION-FOCUSED INITIATIVES FOR GIRLS AND WOMEN. OUR VISION IS TO BREAK THE CYCLE OF POVERTY.
Program accomplishments
- 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.Expenses $158,733 · grants $111,646
- SUPPORT OF SCHOOLS IN GUATEMALA FOR THE BENEFIT OF CHILDREN, IN THE FORM OF TEACHER SALARIES, BOOKS, SUPPLIES, TRANSPORTATION, AND LODGING AND OTHER COSTS. A WIDE RANGE OF SUPPORT IS PROVIDED, AND DIFFERS FROM SCHOOL TO SCHOOL.Expenses $39,683 · grants $27,911
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2402969
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $281,098
- Income (IRS master file)
- $206,751
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $206,751 | $224,446 | $281,098 | IRS |
| 990 | December 2024 | $242,835 | $204,612 | $299,164 | IRS |
| 990 | December 2023 | $199,887 | $224,242 | $256,224 | XML |
| 990 | December 2022 | $373,555 | $397,569 | $281,078 | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2402969).
Questions about BFB FOUNDATION INC
- What is the EIN of BFB FOUNDATION INC?
- The employer identification number (EIN) of BFB FOUNDATION INC is 45-2402969.
- Is BFB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to BFB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BFB FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BFB FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BFB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BFB FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names BARBARA HOLMES.
- Who are the officers and directors of BFB FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does BFB FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $206,751, expenses of $224,446 and total assets of $281,098 at year end.
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