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Nonprofit · EIN 84-4735516

BLCK VC

Tax-exempt · PALO ALTO, CA 94301

Financials

$2.1M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of BLCK VC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$2,103,398$2,287,914-$184,516$1,762,040$1,206,705$555,335
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$272,456
Program service revenue
$1,830,077
Investment income
$0
Other revenue
$865

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$184,904
Other salaries and wages
$464,689
Salaries, compensation and benefits (total)
$769,799
Professional fundraising fees
$0
Accounting fees
$53,150
Travel
$139,398
Program services (functional)
$1,115,234
Management and general (functional)
$1,172,680

Balance sheet and other

Total assets, start of year
$945,713
Total assets, end of year
$1,762,040
Total liabilities, end of year
$1,206,705
Net assets, end of year
$555,335
Land, buildings and equipment
$1,425
Net assets without donor restrictions
$430,335
Net assets with donor restrictions
$125,000
Gross receipts
$2,103,398
Employees
7
Volunteers
0
Year formed
2020
State of legal domicile
CA

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 / weekCompensationOther / benefits
ROBERT LEE GORDON IVCHIEF EXECUTIVE OFFICER
Officer
40$178,162$6,742
KAREEMA THOMASChief Strategy Officer
Highest-paid employee
40$126,809$3,496
WARSAME AYANCHIEF OPERATING OFFICER
Highest-paid employee
40$104,965$2,699
OKORIE CHIDIMADIRECTOR OF PROGRAMS
Highest-paid employee
40$100,477$5,202
Groce FrederikCo-Founder and Board Co-Chair
Trustee or director, Officer
1$0$0
Sykes SydneyCo-Founder and Board Co-Chair
Trustee or director, Officer
1$0$0
Cummings JacksonBoard Member
Trustee or director
1$0$0
Asem MikeBoard Member
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
855 EL CAMINO REAL STE 13A PMB 401, PALO ALTO, CA 94301-2326
In care of
% SIMONE KNIGHT
Principal officer (990 for 2024)
SYDNEY SYKES, 2021 Fillmore St PMB2147, San Francisco, CA 94115
Signed the 990
SYDNEY SYKES, CO-CHAIR
Phone
(877) 829-5500
Return prepared by
MILLER KAPLAN ARASE LLP

Mission

TO CONNECT, ENGAGE, EMPOWER AND ADVANCE BLACK VENTURE INVESTORS.

990 for the year ended December 31, 2024

Program accomplishments

  • SUPPORT BLACK INVESTORS WITH THE ACCESS, EDUCATION AND COMMUNITY NEEDED TO ACCELERATE THEIR CAREERS IN VENTURE CAPITAL.
    Expenses $1,115,234 · revenue $2,149,533

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
84-4735516
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,762,040
Income (IRS master file)
$2,103,398

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$1,118,725$1,333,765$945,713IRS
990December 2022$1,934,441$1,872,678$1,725,310IRS

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 BLCK VC

What is the EIN of BLCK VC?
The employer identification number (EIN) of BLCK VC is 84-4735516.
Is BLCK VC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to BLCK VC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BLCK VC 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 BLCK VC 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 BLCK VC 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 BLCK VC?
The 990 for the year ended December 31, 2024 names SYDNEY SYKES.
Who are the officers and directors of BLCK VC?
The 990 for the year ended December 31, 2024 lists 8 people; 4 received compensation from the organization, the highest $178,162 (ROBERT LEE GORDON IV, CHIEF EXECUTIVE OFFICER).
How much revenue does BLCK VC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,103,398, expenses of $2,287,914 and total assets of $1,762,040 at year end.

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