Nonprofit · EIN 86-3099877
BLK FOUNDATION INC
Tax-exempt · NEW YORK, NY 10038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $614,466 | $618,690 | -$4,224 | $0 | $0 | $0 |
| December 31, 2023 | 990-EZ | $110,000 | $111,276 | -$1,276 | $4,224 | – | $4,224 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $614,466
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,076
- Travel
- $123,886
- Program services (functional)
- $617,614
- Management and general (functional)
- $1,076
Balance sheet and other
- Total assets, start of year
- $4,224
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $614,466
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- MA
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 |
|---|---|---|---|
| ANGEL ONUOHA ONYEKURU | FOUNDATION MGR Trustee or director, Officer | – | $0 |
| INJIL MUHAMMAD | TRUSTEE Trustee or director | – | $0 |
| SEVEN RICHMOND | TRUSTEE Trustee or director | – | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Angel Onuoha Onyekuru | Foundation Mgr. | 0 | $0 |
| Injil Muhammad | Trustee | 0 | $0 |
| Seven Richmond | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 8 SPRUCE STREET, NEW YORK, NY 10038-1556
- In care of
- % ANGEL ONUOHA-ONYEKURU
- Mailing address (990-N for 2022)
- 32 Mill St, Cambridge MA 02138
- Principal officer (990 for 2024)
- ANGEL ONUOHA ONYEKURU, 32 MILL ST, Cambridge, MA 02138
- Principal officer (990-N for 2022)
- Angel Onuoha Onyekuru, 32 Mill St, Cambridge MA 02138
- Signed the 990
- ANGEL ONUOHA ONYEKURU, FOUNDER
- Return prepared by
- BB Tax and Advisory
Mission
BLK Foundation, Inc. the Foundationis a student-run organization created to remediate systemic barriers that impede growth and entrepreneurship in underserved and marginalized communities.
Program accomplishments
- BLK Foundation, Inc. the Foundationis a student-run organization created to remediate systemic barriers that impede growth and entrepreneurship in underserved and marginalized communities. The Foundation will provide resources and networking opportunities to underrepresented minority students as well as entrepreneurs and founders of minority-owned and women-owned businesses. The Foundation will further these goals by engaging in the following activities the Programming. Providing coaching, access and resources to established minority owned businesses and minority entrepreneurs2. Providing grants to established minority-owned businesses serving at risk or underfunded communities which will be limited to use exclusively in furtherance of combating community deterioration, relief of the poor, the distressed, and/or the underprivileged and other charitable purposes and3. Providing educational fellowships to minority undergraduate individuals to provide capital to incubate a for-profit business serving certain at-risk or underfunded communities which grants will be limitedExpenses $617,614 · revenue $614,466
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-EZ on file |
IRS record
- EIN
- 86-3099877
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Income (IRS master file)
- $614,466
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $614,466 | $618,690 | $0 | XML |
| 990-EZ | December 2023 | $110,000 | $111,276 | $4,224 | XML |
| 990-N for 2022 Officer: Angel Onuoha Onyekuru | December 31, 2022 | ≤ $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 86-3099877).
Questions about BLK FOUNDATION INC
- What is the EIN of BLK FOUNDATION INC?
- The employer identification number (EIN) of BLK FOUNDATION INC is 86-3099877.
- Is BLK FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BLK FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLK 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 BLK 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 BLK 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 BLK FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ANGEL ONUOHA ONYEKURU.
- Who are the officers and directors of BLK FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BLK FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $614,466, expenses of $618,690 and total assets of $0 at year end.
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