Nonprofit · EIN 84-4964205
B1 FOUNDATION
Tax-exempt · BATON ROUGE, LA 70801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $216,709 | $111,746 | $104,963 | $243,979 | $0 | $243,979 |
| December 31, 2023 | 990 | $105,693 | $61,753 | $43,940 | $139,016 | $0 | $139,016 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $173,063
- Program service revenue
- $43,646
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $59,800
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,800
- Program services (functional)
- $101,447
- Management and general (functional)
- $10,299
Balance sheet and other
- Total assets, start of year
- $139,016
- Total assets, end of year
- $243,979
- Total liabilities, end of year
- $0
- Net assets, end of year
- $243,979
- Gross receipts
- $216,709
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2020
- State of legal domicile
- LA
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 |
|---|---|---|---|
| HEATHER ROEMER | DIRECTOR, PRESIDENT Trustee or director, Officer | 10 | $0 |
| MELISSA TERITO | TREASURER Trustee or director, Officer | 0 | $0 |
| ROBERT YARBOROUGH | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0 | $0 |
| SUE ANNE KLEINPETER COX | SECRETARY Trustee or director, Officer | 0 | $0 |
| DAVID R MELVILLE III | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER ROEMER | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| DAVID R MELVILLE | DIRECTOR Trustee or director | 0.5 | $0 |
| MELISSA TERITO | TREASURER Trustee or director | 0.5 | $0 |
| ROBERT YARBOROUGH | CHAIRMAN Trustee or director | 0.5 | $0 |
| SUE ANN KLEINPETER COX | SECRETARY Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 500 LAUREL STREET, BATON ROUGE, LA 70801-1811
- In care of
- % HEATHER ROEMBER
- Principal officer (990 for 2024)
- Heather Roemer, 500 Laurel Street, Baton Rouge, LA 70801
- Signed the 990
- Heather Roemer, President
- Phone
- (225) 286-7881
- Website
- www.b1-foundation.org
- Return prepared by
- ERNST & YOUNG US LLP
Mission
TO ENHANCE EDUCATIONAL OPPORTUNITIES AND PROMOTE THE GROWTH OF THE COMMUNITIES WE SERVE THROUGH ECONOMIC DEVELOPMENT.
Program accomplishments
- The Governor Charles "Buddy" Roemer Small Business Center provides free financial education and counseling services, as well as rental offices for small businesses and start-ups.Expenses $29,224 · revenue $13,646
- TO OFFER FINANCIAL AND EDUCATIONAL ASSISTANCE TO COMMUNITY-BASED ORGANIZATIONS.Expenses $24,875 · grants $24,875
- TO PROVIDE A SCHOLARSHIP FUND, AND TO ENGAGE IN OTHER CHARITABLE AND ECONOMIC DEVELOPMENT ACTIVITIES. THE FOUNDATION DISTRIBUTED $22,000 IN SCHOLARSHIPS TO EMPLOYEES AND THEIR CHILDREN.Expenses $22,000 · grants $22,000
- TO SERVE AS AN ASSISTANCE FUND TO PROVIDE DISASTER AND OTHER HARDSHIP ASSISTANCE TO AN INDEFINITE CLASS OF INDIVIDUALS. THE FOUNDATION DISTRIBUTED $12,925 IN GRANTS.Expenses $12,925 · grants $12,925
- b1 FOUNDATION works to support entrepreneurs as they navigate the start-up process and prepare to seek financial services from a bank. We offer free one-on-one business counseling and educational courses for entrepreneurs and business owners.Expenses $12,423 · revenue $30,000
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
- 84-4964205
- 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)
- Human services (P20)
- Assets (IRS master file)
- $243,979
- Income (IRS master file)
- $216,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $216,709 | $111,746 | $243,979 | XML |
| 990 | December 2023 | $105,693 | $61,753 | $139,016 | XML |
| 990 | December 2022 | $152,620 | $82,820 | $95,076 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | 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 84-4964205).
Questions about B1 FOUNDATION
- What is the EIN of B1 FOUNDATION?
- The employer identification number (EIN) of B1 FOUNDATION is 84-4964205.
- Is B1 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to B1 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does B1 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 B1 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 B1 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 B1 FOUNDATION?
- The 990 for the year ended December 31, 2024 names Heather Roemer.
- Who are the officers and directors of B1 FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does B1 FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $216,709, expenses of $111,746 and total assets of $243,979 at year end.
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