NonprofitsHbcu Founders Initiative

Community Improvement & Capacity Building

Hbcu Founders Initiative

REDWOOD CITY, CA

Total revenue

$1.9M

Total expenses

$1.8M

Net assets

$94K

Grants received

$1.1M

8 grants

EIN

863846215

Tax year

2023

Mission

This corporation is organized and operated for charitable and educational purposes at hbcus.

Financials

FY 2023

Revenue

Contributions & grants$1.9M
Program service revenue
Investment income
Other revenue
Total revenue$1.9M

Expenses

Grants paid$109K
Salaries & benefits$135K
Fundraising
Other expenses$1.6M
Total expenses$1.8M
Total assets$204K
Net assets$94K

People

7 listed

NameRoleCompensation

MARLON EVANS

PRESIDENT

Board

1 hrs/wk

KIP QUACKENBUSH

TREASURER

Board

1 hrs/wk

ANDRE KIRWAN

SECRETARY

Board

1 hrs/wk

KELSEY MORGAN PASQUALICHIO

DIRECTOR

Board

1 hrs/wk

SHELLEY ARAKAWA

DIRECTOR

Board

1 hrs/wk

MARCELA RUIZ

DIRECTOR

Board

1 hrs/wk

JARRID WHITNEY

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$335K
PROGRAMMATIC SUPPORT FOR LAUNCHPAD
2024
$400K
Community Development
2023
$175K
PROGRAMMATIC SUPPORT FOR LAUNCHPAD
2023
$75K
Sponsorship for accelerator entrepreneurship program events for founders of color
2023
$30K
Designing for Social Good Workshop Sponsorship
2023
$5K
Intellectual Property Education/Support
2023
$75K
Sponsorship of the HBCU Founders Initiative program
2022

Funded by

$1.1M from 6 funders · 8 grants · 2022–2024

The Blackstone Charitable Foundation

$510K · 2 grants · 2023–2024

Skoll Fund

$400K · 1 grant · 2023

Aarp

$150K · 2 grants · 2022–2023

National Collegiate Investors &

$30K · 1 grant · 2023

The Michelson 20Mm Foundation Inc

$5K · 1 grant · 2023

Details

EIN863846215
NTEE codeS43
Subsection03
Ruling date2021-12
Formed2021
Employees0
Volunteers0
HBCU FOUNDERS INITIATIVE — Mission, Financials & Grants Received | Grantivo