NonprofitsBeloved Community Incubator Inc

Employment

Beloved Community Incubator Inc

WASHINGTON, DC

Total revenue

$988K

Total expenses

$978K

Net assets

$323K

Grants received

$2.2M

56 grants

EIN

833133482

Tax year

2024

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.

Programs

3 programs

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: $234K

Migrant solidarity mutual aid, bci continues to serve as a fiscal sponsor for the migrant solidarity mutual aid network.

Expenses: $128K

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: $37K

Financials

FY 2024

Revenue

Contributions & grants$959K
Program service revenue$28K
Investment income$294
Other revenue$2K
Total revenue$988K

Expenses

Grants paid
Salaries & benefits$598K
Fundraising$17K
Other expenses$380K
Total expenses$978K
Total assets$336K
Net assets$323K

People

12 listed

NameRoleCompensation

MEGAN FELIX MACARAEG

CO-PRESIDENT/ORGANIZING DIRECTOR

Board

$93K

40 hrs/wk

GEOFFREY GILBERT

LEGAL AND TECHNICAL DIRECTOR

Board

$80K

40 hrs/wk

BIANCA VAZQUEZ

CO-PRESIDENT/PROGRAM DIRECTOR

Board

$79K

40 hrs/wk

ALANA EICHNER

BOARD MEMBER

Board

1 hrs/wk

NORMA CHAVEZ

BOARD MEMBER

Board

1 hrs/wk

BENJI RIVERA

BOARD MEMBER

Board

1 hrs/wk

MADHVI BAHL

BOARD MEMBER

Board

1 hrs/wk

MEGHAN SOBOCIENSKI

BOARD MEMBER

Board

1 hrs/wk

JOSH KING

BOARD MEMBER

Board

1 hrs/wk

CALVIN JOHNSON

BOARD MEMBER

Board

1 hrs/wk

QAADIR EL AMIN

BOARD MEMBER

Board

1 hrs/wk

CELESTE SMITH

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 56 of 56

FromAmountPurposeYear
$100K
TO SUPPORT GENERAL OPERATIONS OVER THREE YEARS
2024
$35K
TO SUPPORT THE PARTICIPATORY ACTION RESEARCH PROJECT ON ECONOMIC JUSTICE
2024
$35K
General & Unrestricted
2024
$33K
COOPERATIVE DEVELOPMENT
2024
$25K
General operating support
2024
$23K
IMMIGRATION EDUCATION GRANT
2024
$20K
EDUCATION ACTIVITY
2024
$10K
SUPPORTING GRANT
2024
$9K
TO SUPPORT TRAINING FOR STAFF IN DATA AND FINANCIAL MANAGEMENT
2024
$6K
TO SUPPORT REST AND WELLNESS
2024
$3K
SUPPORT FOR COOPERATIVES AND COLLECTIVES
2024
$1K
GENERAL OPERATING SUPPORT - GENERAL
2024
$203K
For grant recipient's exempt purposes
2023
$80K
TO SUPPORT GENERAL OPERATIONS
2023
$74K
FY24 PRIVATE GRANTS PROGRAM
2023
$50K
IMMIGRATION EDUCATION GRANT
2023
$37K
MULTIPLE PRGM ACTVY
2023
$25K
General & Unrestricted
2023
$16K
COOPERATIVE DEVELOPMENT
2023
$15K
Fund general operatingexpenses
2023
$13K
General operating support
2023
$13K
Used clothing for distribution to the homeless
2023
$8K
TO SUPPORT FUNDRAISING PLANNING
2023
$5K
TO SUPPORT LEADERSHIP AND MANAGEMENT TRAINING
2023
$5K
Directed Giving / General Support
2023
$1K
SUPPORT FOR COOPERATIVES AND COLLECTIVES
2023
$1K
SUPPORT FOR COOPERATIVES AND COLLECTIVES
2023
$95K
DOMESTIC WORKERS PROGRAM AFFILIATE SUPPORT
2022
$79K
For grant recipient's exempt purposes
2022
$75K
TO SUPPORT GENERAL OPERATIONS
2022
$64K
GENERAL SUPPORT
2022
$55K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$50K
Program Grant
2022
$25K
LIVELIHOODS ACTIVITY
2022
$25K
TO GROW COOPERATIVE INCUBATION
2022
$20K
Project or program support
2022
$20K
GENERAL OPERATING SUPPORT
2022
$10K
GENERAL SUPPORT
2022
$10K
IMMIGRATION EDUCATION GRANT
2022
$5K
SUPPORT FOR COOPERATIVES AND COLLECTIVES
2022
$1K
SUPPORT FOR COOPERATIVES AND COLLECTIVES
2022
$59K
For grant recipient's exempt purposes
2021
$59K
For grant recipient's exempt purposes
2021
$20K
OPERATING SUPPORT
2021

Funded by

$2.2M from 27 funders · 56 grants · 2021–2024

Greater Washington Community Foundation

$502K · 4 grants · 2021–2023

Fidelity Investments Charitable Gift Fund

$401K · 4 grants · 2021–2023

Eugene & Agnes E Meyer Foundation

$317K · 8 grants · 2022–2024

Paypal Charitable Giving Fund

$97K · 2 grants · 2022–2023

Fwdus Education Fund Inc

$83K · 3 grants · 2022–2024

Save The Children Federation Inc

$82K · 3 grants · 2022–2024

Details

EIN833133482
NTEE codeJ20
Subsection03
Ruling date2020-10
Formed2018
Employees14
Volunteers0
BELOVED COMMUNITY INCUBATOR INC — Mission, Financials & Grants Received | Grantivo