NonprofitsHbcu Week Foundation Inc

Education

Hbcu Week Foundation Inc

WILMINGTON, DE

Total revenue

$2.1M

Total expenses

$2.2M

Net assets

$469K

Grants received

$1.2M

14 grants

EIN

851276996

Tax year

2024

Mission

The mission of hbcu week is to encourage high school aged youth to enroll into hbcus, provide scholarship dollars for matriculation and sustain a pipeline for employment from undergraduate school to corporate america.

Programs

3 programs

Gala - in 2024, the foundation hosted its annual awards gala recognizing hbcu graduates who have made significant impact in their communities. Attendees of the event included government officials and other influential members of the local community. The event raised $110,523 in profits, all of which was reinvested into the foundations core operations.

Expenses: $192K

Scholarship - the foundation administers several scholarships funded by donations from corporate partners and other organizations. The foundation creates applications, hosts an application platform, manages the application process and distributes funding all of the scholarships with the exception of future of(stem) scholars initiative.

Expenses: $779KGrants: $508K

Activity is related hbcu weeks smaller targeted programs.

Expenses: $13K

Financials

FY 2024

Revenue

Contributions & grants$1.9M
Program service revenue$241K
Investment income
Other revenue
Total revenue$2.1M

Expenses

Grants paid$730K
Salaries & benefits
Fundraising$12K
Other expenses$1.5M
Total expenses$2.2M
Total assets$469K
Net assets$469K

People

6 listed

NameRoleCompensation

ASHLEY CHRISTOPHER

CEO

Board

20 hrs/wk

ADRIELLE B KALE

CFO

Board

5 hrs/wk

Lorin Dale-Pierce

CHIEF LEGAL OFFICER

Board

5 hrs/wk

Daniel R Meachum

VICE CHAIRMAN

Board

2 hrs/wk

Heyward Damon

CHAIRMAN

Board

2 hrs/wk

KRISTI HENDERSON

BOARD MEMBER

Board

2 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$200K
GENERAL OPERATING EXPENSES
2024
$15K
EDUCATION & LEADERSHIP DEVELOPMENT
2024
$200K
GENERAL OPERATING EXPENSES
2023
$133K
GENERAL SUPPORT
2023
$100K
PROGRAM/OPERATING SUPPORT
2023
$1K
PROGRAM/OPERATING SUPPORT
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$100
PROGRAM/OPERATING SUPPORT
2023
$136K
GENERAL SUPPORT
2022
$136K
GENERAL SUPPORT
2022
$100K
PROGRAM/OPERATING SUPPORT
2022
$100K
GENERAL OPERATING EXPENSES
2022

Funded by

$1.2M from 4 funders · 14 grants · 2021–2024

The Sallie Mae Fund Inc

$500K · 3 grants · 2022–2024

Christiana Care Health Services Inc

$405K · 3 grants · 2022–2023

The Bank of America Charitable Foundation Inc

$242K · 7 grants · 2021–2023

Wsfs Cares Foundation

$15K · 1 grant · 2024

Details

EIN851276996
NTEE codeB80
Subsection03
Ruling date2020-07
Formed2020
Employees0
Volunteers8
HBCU WEEK FOUNDATION INC — Mission, Financials & Grants Received | Grantivo