Nonprofit · EIN 83-0935942
BGV FOUNDATION
Tax-exempt · ALEXANDRIA, VA 22309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,539,358 | $3,909,836 | $629,522 | $5,501,780 | $53,303 | $5,448,477 |
| December 31, 2023 | 990 (amended) | $5,599,245 | $3,575,005 | $2,024,240 | $4,931,135 | $112,180 | $4,818,955 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,458,317
- Program service revenue
- $72,414
- Investment income
- $8,481
- Other revenue
- $146
Expenses
- Grants and similar amounts paid
- $772,597
- Compensation of officers, directors and key employees
- $355,499
- Other salaries and wages
- $840,000
- Salaries, compensation and benefits (total)
- $1,333,033
- Professional fundraising fees
- $0
- Legal fees
- $4,443
- Accounting fees
- $20,664
- Travel
- $199,087
- Depreciation
- $670
- Program services (functional)
- $2,673,108
- Management and general (functional)
- $1,176,498
- Fundraising (functional)
- $60,230
Balance sheet and other
- Total assets, start of year
- $4,931,135
- Total assets, end of year
- $5,501,780
- Total liabilities, end of year
- $53,303
- Net assets, end of year
- $5,448,477
- Land, buildings and equipment
- $15,018
- Net assets without donor restrictions
- $3,519,191
- Net assets with donor restrictions
- $1,929,286
- Gross receipts
- $4,539,358
- Employees
- 18
- Volunteers
- 306
- Year formed
- 2018
- State of legal domicile
- VA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OMI BELL | CHIEF EXECUTIVE OFFICER Officer | 40 | $212,070 | $7,341 |
| VANESSA MCDOWELL-ATLAS | CHIEF OPERATING OFFICER Officer | 40 | $143,429 | $5,242 |
| WILLIE WILLIAMS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALEX NECKLES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KRISTINA FRANCIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SELVI CLARK | OFFICER Trustee or director | 1 | $0 | $0 |
| NIKISHA CARPENTER | OFFICER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OMI BELL | CEO Trustee or director, Officer | 40 | $208,121 | $3,329 |
| WILLIE WILLIAMS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALEX NECKLES | OFFICER Trustee or director | 1 | $0 | $0 |
| NIKISHA CARPENTER | OFFICER Trustee or director | 1 | $0 | $0 |
| CHRISTINA CLARK | OFFICER Trustee or director | 1 | $0 | $0 |
| KRISTINA FRANCIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8647 RICHMOND HWY PMB 649, ALEXANDRIA, VA 22309-4206
- In care of
- % SHELLY BELL
- Mailing address (990-N for 2018)
- 9142 Richmond Hwy, Ft Belvoir VA 22060
- Principal officer (990 for 2024)
- OMI BELL, 8647 RICHMOND HIGHWAY 649, ALEXANDRIA, VA 22309
- Principal officer (990-N for 2018)
- Shelly Bell, 9142 Richmond Hwy, Ft Belvoir VA 22060
- Signed the 990
- OMI BELL, PRESIDENT & CEO
- Phone
- (571) 771-7424
- Website
- Blackgirlventures.org
- Return prepared by
- ERICKSEN KRENTEL LLP
Mission
THE MISSION IS TO CREATE ACCESS TO CAPITAL, CAPACITY BUILDING AND EDUCATION FOR UNDER RESOURCED ENTREPRENEURS THAT ENABLES BUSINESS SUSTAINABILITY AND CREATES INTERGENERATIONAL WEALTH FOR A MORE EQUITABLE SOCIETY.
Program accomplishments
- TO PROVIDE UNDER RESOURCED ENTREPRENEURS WITH ACCESS TO COMMUNITY, EDUCATION AND LEADERSHIP DEVELOPMENT IN ORDER TO MEET BUSINESS MILESTONES THAT LEAD TO ECONOMIC SUCCESS THROUGH ENTREPRENEURSHIP. THE EMERGING LEADERSHIPS FELLOWSHIP (ELF) PROGRAM RECIEVED 381 APPLICATIONS, EXCEEDING ITS GOAL OF 250 BY 131. FROM THIS POOL, 40 APPLICANTS WERE SELECTED TO JOIN THE IMMERSIVE LEADERSHIP PROGRAM, WHICH CONCLUDED IN JUNE 2024. THE NEXTGEN SUMMER COHORT ALSO SAW STRONG ENGAGEMENT, ATTRACTING 183 APPLICATIONS FROM EXCEPTIONAL HBCU STUDENTS. OF THE APPLICATIONS SUBMITTED, 24 SCHOLARS WERE SELECTED TO PARTICIPATE, GAINING CRITICAL ENTREPRENEURIAL KNOWLEDGE AND SKILLS. THE HIGHLY ANTICIPATED BGV PITCH PROGRAM RECEIVED 539 APPLICATIONS ACROSS FOUR BGV ECOSYSTEMS: AUSTIN 5/3/24, CHICAGO 7/11/24, NEW YORK CITY 11/7/24, AND LOS ANGELES 12/5/24. A TOTAL OF 28 FOUNDERS WERE SELECTED TO PARTICIPATE IN THE COMPETITIONS WHERE THEY RECEIVED RESOURCES TO STRENGTHEN THEIR BUSINESS ACUMEN AND CAPITAL READINESS. IN EACH CITY, THE TOP THREEE FINALISTS RECEIVED A CUMULATIVE TOTAL OF $30K, ONE CROWD FAVORITE WAS AWARDED $2,500- TOTALING $10,000 ACROSS ALL CITIES. IN TOTAL, OVER $130K WAS DISTRIBUTED TO SUPPORT GROWING BUSINESSES.Expenses $2,673,108 · grants $772,597 · revenue $72,560
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 | Not 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
- 83-0935942
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $5,501,780
- Income (IRS master file)
- $4,539,358
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,539,358 | $3,909,836 | $5,501,780 | XML |
| 990 | December 2023 | $5,599,245 | $3,575,005 | $4,931,135 | XML |
| 990 | December 2022 | $4,434,818 | $4,671,583 | $2,617,449 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Shelly Bell | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-0935942).
Questions about BGV FOUNDATION
- What is the EIN of BGV FOUNDATION?
- The employer identification number (EIN) of BGV FOUNDATION is 83-0935942.
- Is BGV FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to BGV FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BGV FOUNDATION 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 BGV FOUNDATION 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 BGV FOUNDATION 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 BGV FOUNDATION?
- The 990 for the year ended December 31, 2024 names OMI BELL.
- Who are the officers and directors of BGV FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $212,070 (OMI BELL, CHIEF EXECUTIVE OFFICER).
- How much revenue does BGV FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,539,358, expenses of $3,909,836 and total assets of $5,501,780 at year end.
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All nonprofits in ALEXANDRIA · Virginia · Community improvement and capacity building