NonprofitsB1 Foundation

Human Services

B1 Foundation

BATON ROUGE, LA

Total revenue

$217K

Total expenses

$112K

Net assets

$244K

Grants received

$24K

2 grants

EIN

844964205

Tax year

2024

Mission

The b1 foundation helps bridge the gap by providing financial literacy and entrepreneurship training for individuals and small business owners.

Programs

4 programs

To offer financial and educational assistance to community-based organizations.

Expenses: $25KGrants: $25K

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: $22KGrants: $22K

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: $13KGrants: $13K

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: $12K

Financials

FY 2024

Revenue

Contributions & grants$173K
Program service revenue$44K
Investment income
Other revenue
Total revenue$217K

Expenses

Grants paid$60K
Salaries & benefits
Fundraising
Other expenses$52K
Total expenses$112K
Total assets$244K
Net assets$244K

People

5 listed

NameRoleCompensation

HEATHER ROEMER

DIRECTOR, PRESIDENT

Board

10 hrs/wk

MELISSA TERITO

TREASURER

Board

0

ROBERT YARBOROUGH

CHAIRMAN OF THE BOARD

Board

0

SUE ANNE KLEINPETER COX

SECRETARY

Board

0

DAVID R MELVILLE III

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$1K
TO ENHANCE COMMUNITY GROWTH AND FINANCIAL COUNSELING
2024
$23K
SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES.
2023

Funded by

$24K from 2 funders · 2 grants · 2023–2024

Tbs Spark Foundation

$1K · 1 grant · 2024

Details

EIN844964205
NTEE codeP20
Subsection03
Ruling date2020-05
Formed2020
Employees0
Volunteers5
B1 FOUNDATION — Mission, Financials & Grants Received | Grantivo