Nonprofit · EIN 83-3133482
BELOVED COMMUNITY INCUBATOR INC
Also known as BELOVED COMMUNITY INCUBATOR
Tax-exempt · WASHINGTON, DC 20009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $988,282 | $978,238 | $10,044 | $335,572 | $12,835 | $322,737 |
| December 31, 2023 | 990 | $1,137,098 | $1,042,575 | $94,523 | $312,692 | $0 | $312,692 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $958,698
- Program service revenue
- $27,521
- Investment income
- $294
- Other revenue
- $1,769
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $252,804
- Other salaries and wages
- $244,305
- Salaries, compensation and benefits (total)
- $598,304
- Professional fundraising fees
- $0
- Accounting fees
- $10,768
- Travel
- $2,408
- Program services (functional)
- $764,194
- Management and general (functional)
- $196,703
- Fundraising (functional)
- $17,341
Balance sheet and other
- Total assets, start of year
- $312,692
- Total assets, end of year
- $335,572
- Total liabilities, end of year
- $12,835
- Net assets, end of year
- $322,737
- Net assets without donor restrictions
- $322,212
- Net assets with donor restrictions
- $525
- Gross unrelated business income
- $294
- Gross receipts
- $988,282
- Employees
- 14
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- DC
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 |
|---|---|---|---|
| MEGAN FELIX MACARAEG | CO-PRESIDENT/ORGANIZING DIRECTOR Trustee or director, Officer | 40 | $93,150 |
| GEOFFREY GILBERT | LEGAL AND TECHNICAL DIRECTOR Trustee or director, Officer | 40 | $80,265 |
| BIANCA VAZQUEZ | CO-PRESIDENT/PROGRAM DIRECTOR Trustee or director, Officer | 40 | $79,387 |
| QAADIR EL AMIN | BOARD MEMBER Trustee or director | 1 | $0 |
| CELESTE SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| ALANA EICHNER | BOARD MEMBER Trustee or director | 1 | $0 |
| NORMA CHAVEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| BENJI RIVERA | BOARD MEMBER Trustee or director | 1 | $0 |
| MADHVI BAHL | BOARD MEMBER Trustee or director | 1 | $0 |
| MEGHAN SOBOCIENSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSH KING | BOARD MEMBER Trustee or director | 1 | $0 |
| CALVIN JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGAN FELIX MACARAEG | CO-PRESIDENT/ORGANIZING DIRECTOR Trustee or director, Officer | 40 | $81,208 | $15,312 |
| BIANCA VAZQUEZ | CO-PRESIDENT/PROGRAM DIRECTOR Trustee or director, Officer | 40 | $76,931 | $5,473 |
| GEOFFREY GILBERT | LEGAL AND TECHNICAL DIRECTOR Trustee or director, Officer | 40 | $77,328 | $4,916 |
| QAADIR EL AMIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CELESTE SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALANA EICHNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NORMA CHAVEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BENJI RIVERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MADHVI BAHL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEGHAN SOBOCIENSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSH KING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CALVIN JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1640 COLUMBIA RD NW, WASHINGTON, DC 20009-3602
- In care of
- % BIANCA VAZQUEZ
- Principal officer (990 for 2024)
- GEOFFREY GILBERT, 1640 COLUMBIA RD NW, WASHINGTON, DC 20009
- Signed the 990
- GEOFFREY GILBERT, DIRECTOR
- Phone
- (301) 639-5367
- Return prepared by
- MJO BOOKKEEPING SERVICES LLC
Mission
BELOVED COMMUNITY INCUBATOR (BCI) IS WORKER SELF-DIRECTED NON-PROFIT THAT SUPPORTS AND ORGANIZES RESOURCES FOR COMMUNITY-BASED COOPERATIVES AND COLLECTIVES IN THE DC METRO AREA. BCI PROVIDES HIGH-TOUCH INCUBATION SUPPORT - INCLUDING LEADERSHIP DEVELOPMENT, ECOSYSTEM AND WE SUPPORT WORKERS TO CREATE AND MAINTAIN COLLECTIVELY OWNED BUSINESSES SO THAT WORKERS CAN CONTROL THEIR WORK, PAY THEMSELVES LIVING WAGES, BUILD A DEMOCRATIC PRACTICE OF STEWARDING RESOURCES TOGETHER AND ENGAGE IN THE WIDER DMV AREA MOVEMENT ECOSYSTEM THAT IS BUILDING ABOLITION AND DECOLONIZATION. WE PROVIDE HIGH-TOUCH INCUBATION SUPPORT - INCLUDING LEADERSHIP DEVELOPMENT, ECOSYSTEM AND RESOURCE ORGANIZING AND LEGAL, BOOKKEEPING AND ADMINISTRATIVE SUPPORT - FOR NEW COOPERATIVES THAT CREATE LIVING WAGE WORK AND THAT ARE LED BY POOR AND WORKING CLASS BLACK, BROWN, INDIGENOUS AND PEOPLE OF COLOR.
Program accomplishments
- COMMUNITY ORGANIZATION - IN PARTNERSHIP WITH THE NATIONAL ORGANIZATION SEED COMMONS (DBA THE WORKING WORLD), WE LAUNCHED THE DC SOLIDARITY ECONOMY LOAND FUND, WHICH SOURCES NON-EXTRACTIVE LENDING TO LOCAL COOPERATIVES. SEED COMMONS IS THE LENDER OF RECORD FOR ALL TRANSACTIONS, WHILE BELOVED COMMUNITY INCUBATOR PROVIDES THE EDUCATION AND TECHNICAL ASSISTANCE FOR WORKER-COOPS TO BE READY TO ACCESS CAPITAL.Expenses $364,764
- CO-OP SUPPORT - BCI INCUBATES NEW COOPERATIVES AND COLLECTIVES, PROVIDING SUPPORT FOR WORKERS THROUGH THE ENTIRE PROCESS OF CREATING AND LAUNCHING THEIR BUSINESS OPERATIONS. AS AN INCUBATOR, WE PROVIDE PRE-LAUNCH SUPPORT, BUSINESS & LEADERSHIP DEVELOPMENT, GOVERNANCE AND CONFLICT RESOLUTION TRAININGS, AND LEGAL, BOOKKEEPING, AND ADMINISTRATIVE SUPPORT.Expenses $234,060
- MIGRANT SOLIDARITY MUTUAL AID, BCI CONTINUES TO SERVE AS A FISCAL SPONSOR FOR THE MIGRANT SOLIDARITY MUTUAL AID NETWORK.Expenses $128,115
- STREET VENDING IMPLEMENTATION - BCI, IN PARTNERSHIP WITH A DIVERSE GROUP OF MORE THAN 50 VENDORS, RAN A SUCCESSFUL CAMPAIGN TO DECRIMINALIZE STREET VENDING AND REMOVE REGULATORY BARRIERS TO ACCESSING VENDING LICENSES.Expenses $37,255
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
- 83-3133482
- 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
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $335,572
- Income (IRS master file)
- $988,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $988,282 | $978,238 | $335,572 | XML |
| 990 | December 2023 | $1,137,098 | $1,042,575 | $312,692 | XML |
| 990 | December 2022 | $886,288 | $815,261 | $209,700 | IRS |
| 990 | December 2021 | – | – | – | 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 83-3133482).
Questions about BELOVED COMMUNITY INCUBATOR INC
- What is the EIN of BELOVED COMMUNITY INCUBATOR INC?
- The employer identification number (EIN) of BELOVED COMMUNITY INCUBATOR INC is 83-3133482.
- Is BELOVED COMMUNITY INCUBATOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to BELOVED COMMUNITY INCUBATOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BELOVED COMMUNITY INCUBATOR 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 BELOVED COMMUNITY INCUBATOR 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 BELOVED COMMUNITY INCUBATOR 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 BELOVED COMMUNITY INCUBATOR INC?
- The 990 for the year ended December 31, 2024 names GEOFFREY GILBERT.
- Who are the officers and directors of BELOVED COMMUNITY INCUBATOR INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 3 received compensation from the organization, the highest $93,150 (MEGAN FELIX MACARAEG, CO-PRESIDENT/ORGANIZING DIRECTOR).
- How much revenue does BELOVED COMMUNITY INCUBATOR INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $988,282, expenses of $978,238 and total assets of $335,572 at year end.
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