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Nonprofit · EIN 81-4237999

THE BRONX FOUNDATION INC

Tax-exempt (reinstated) · BRONX, NY 10451

Financials

$2.1M$3.4M2024
Revenue Expenses · by fiscal year end
Financials of THE BRONX FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,128,622$3,353,844-$1,225,222$4,921,911$248,590$4,673,321
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,901,761
of which government grants
$30,000
Program service revenue
$0
Investment income
$69,443
Net gain from sales of assets
-$40
Net income from fundraising events
$157,418
Other revenue
$157,418

Expenses

Grants and similar amounts paid
$1,578,184
Compensation of officers, directors and key employees
$189,231
Other salaries and wages
$325,975
Salaries, compensation and benefits (total)
$568,245
Professional fundraising fees
$0
Legal fees
$32,382
Accounting fees
$194,108
Occupancy
$20,914
Travel
$56,622
Program services (functional)
$2,054,690
Management and general (functional)
$804,075
Fundraising (functional)
$495,079

Balance sheet and other

Total assets, start of year
$6,368,128
Total assets, end of year
$4,921,911
Total liabilities, end of year
$248,590
Net assets, end of year
$4,673,321
Publicly traded securities
$233,959
Net assets without donor restrictions
$3,794,867
Net assets with donor restrictions
$878,454
Gross receipts
$2,758,852
Employees
4
Volunteers
9
Year formed
2016
State of legal domicile
NY

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
MEISHA ROSS PORTER THRU AUGUSTPRESIDENT AND CEO
Officer
40$189,231
ERIKA FREUND THRU SEPTEMBERDIRECTOR OF DEVELOPMENT
Highest-paid employee
40$126,281
MICHELLE PEREZ THRU JANUARYDIRECTOR OF OPERATIONS
Highest-paid employee
40$109,621
OSARUMWENSE PAT-OSAGIE THRU JANUARYPROGRAM DIRECTOR
Highest-paid employee
40$103,376
DERRICK LEWISBOARD CHAIR
Trustee or director, Officer
1$0
DESMON LEWISTREASURER
Trustee or director, Officer
1$0
RAQUEL THOMPSONSECRETARY
Trustee or director, Officer
1$0
BRYAN WOODIRECTOR
Trustee or director
1$0
GERMAN SOTO SANCHEZDIRECTOR
Trustee or director
1$0
ROBERT MCCARTHYDIRECTOR
Trustee or director
1$0
JASON DUCHIN THRU OCTOBERSECRETARY
Trustee or director, Officer
1$0
CARLOS MORENO THRU OCTOBERDIRECTOR
Trustee or director
1$0
KAREN SEITZ THRU JULYDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
557 GRAND CONCOURSE, BRONX, NY 10451-5253
In care of
% DERRICK HARRY LEWIS
Principal officer (990 for 2024)
DERRICK LEWIS, 557 GRAND CONCOURSE SUITE 3 125, BRONX, NY 104515291
Signed the 990
DERRICK LEWIS, BOARD CHAIR
Phone
(917) 681-1876
Return prepared by
WEGNER CPAS LLP

Mission

THE BRONX COMMUNITY FOUNDATION SUPPORTS AND INVESTS IN COMMUNITY POWER TO ERADICATE INEQUITY AND BUILD SUSTAINABLE FUTURES FOR ALL BRONXITES.

990 for the year ended December 31, 2024

Program accomplishments

  • IN Q1 OF 2024, THE FOUNDATION LAUNCHED A SAFETY AND SECURITY PROGRAM FUNDING THE INSTALLATION OF SECURITY EQUIPMENT IN SMALL BUSINESS GROCERY SHOPS, CALLED BODEGA'S, IN THE BRONX. SECURITY EQUIPMENT WERE INSTALLED IN OVER 100 BODEGAS, IMPROVING SAFETY AND DETERRENCE OF CRIMINAL ACTIVITIES. POSITIVE FEEDBACK FROM BODEGA OWNERS REGARDING THE ENHANCED SAFETY FEATURES. THE FOUNDATION PARTNERED WITH NON-PROFIT ORGANIZATIONS AS WELL AS SECURITY PROVIDER TO STREAMLINE VENDOR AND BODEGA SELECTION, AND ENSURE ACCOUNTABLE OPERATIONS AND INSTALLATION OF EQUIPMENT. $317,025 WAS DISTRIBUTED IN THE FIRST TWO PHASES. WE EXPECT TO HAVE ADDITIONAL PHASES IN THE FUTURE.IN Q2 AND Q3 OF 2024, THE FOUNDATION LAUNCHED A COMMUNITY-DRIVEN, PARTICIPATORY GRANTS PROCESS FOCUSED ON SUPPORTING ASSYLUM SEEKERS IN THE BRONX. THE FOCUS WAS TO ADDRESS CRITICAL NEEDS FACED BY ASYLUM SEEKERS IN THE BRONX BY SUPPORTING GRASSROOTS ORGANIZATIONS THAT PROVIDE HOUSING, ADVOCACY, LEGAL SERVICES, JOB TRAINING, AND WRAPAROUND SUPPORT. $200,000 WAS DISTRIBUTED TO 10 ORGANIZATIONS.IN SPRING 2024, BXCF LAUNCHED A PROCESS TO PROVIDE FUNDING TO EDUCATIONAL INSTITUTIONS WITH FUNDING FROM THE ICHIGO FOUNDATION. THE PURPOSE WAS TO ACHIEVE SUPPORT FOR OPERATIONS AND ONGOING EDUCATIONAL PROGRAMS. BXCF GRANTED $755,000 TO 8 ORGANIZATIONS.
    Expenses $2,054,690 · grants $1,578,184

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-4237999
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,921,911
Income (IRS master file)
$2,758,852

Revocation and reinstatement

Exemption revoked
May 15, 2019
Posted by the IRS
August 12, 2019
Reinstated
Effective May 15, 2019

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$1,008,438$2,546,024$6,368,128IRS
990December 2022$2,875,826$1,503,763$7,619,113IRS
990December 2021–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about THE BRONX FOUNDATION INC

What is the EIN of THE BRONX FOUNDATION INC?
The employer identification number (EIN) of THE BRONX FOUNDATION INC is 81-4237999.
Is THE BRONX FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
Are donations to THE BRONX FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE BRONX 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 THE BRONX FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE BRONX FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE BRONX FOUNDATION INC?
The 990 for the year ended December 31, 2024 names DERRICK LEWIS.
Who are the officers and directors of THE BRONX FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 13 people; 4 received compensation from the organization, the highest $189,231 (MEISHA ROSS PORTER THRU AUGUST, PRESIDENT AND CEO).
How much revenue does THE BRONX FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,128,622, expenses of $3,353,844 and total assets of $4,921,911 at year end.

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