Overview
What is Young Black & Giving Back Institute?
The Young Black & Giving Back Institute (YBGB) is a nonprofit organization dedicated to supporting Black-led organizations across the United States. Their mission is to offer unique capacity building convenings and funding tailored to these organizations' social impact needs. YBGB provides direct financial aid for capacity-building programs or general operating expenses. They launched their first Giving Fund cycle in April 2021, open to all 2020 grantees, aiming to assist these nonprofits in their growth and service delivery.
Is Young Black & Giving Back Institute legitimate?
Young Black & Giving Back Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Black & Giving Back Institute submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Young Black & Giving Back Institute?
The Young Black & Giving Back Institute, often referred to as YBGB, is dedicated to supporting Black-led nonprofit organizations. Its mission is to offer capacity-building convenings and financial aid tailored to their unique social impact requirements. The institute provides direct financial assistance through its YBGB fund, offering funding for capacity-building programs or general operational support. The initial cycle of this funding program, known as the Giving Fund, was launched in April 2021, open to all organizations that were eligible in 2020.
What is the revenue of Young Black & Giving Back Institute?
Young Black & Giving Back Institute's revenue in 2024 was $95,404.
Who are the executives of Young Black & Giving Back Institute and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Young Black & Giving Back Institute?
Young Black & Giving Back Institute's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Young Black & Giving Back Institute
The Young Black & Giving Back Institute, abbreviated as YBGB, is dedicated to serving Black-led nonprofits. Its mission is to provide these organizations with unique capacity-building convenings and financial support tailored to meet their social impact needs. YBGB offers funding through their Giving Fund, which supports organizations across the United States with capacity-building programs or general operating expenses. The first cycle of this fund was launched in April 2021, opening opportunities for 2020 grant recipients.
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Impact
October, 2024
The Young Black & Giving Back Institute (YBGB) significantly advances the capacity and sustainability of Black-led nonprofits across the United States. By providing tailored support through capacity-building convenings and dedicated funding, YBGB addresses the unique challenges these organizations face in their quest to create social impact. The institute's Giving Fund, launched in April 2021, directly allocates financial resources to these nonprofits, enabling them to enhance their programming and operations. This strategic focus not only strengthens individual organizations but also fosters a broader ecosystem of support, ensuring that Black-led initiatives are well-equipped to drive meaningful change in their communities. Through its comprehensive approach, YBGB is actively contributing to the empowerment of Black communities by investing in the leaders and organizations that serve them.
This information is meant to be a general summary of Young Black & Giving Back Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $6,355
- Gross Receipts: $95,404
Assets and Liabilities:
- Total Assets: $50,796
- Total Liabilities: $0
- Net Assets: $50,796
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Organization Details
Principal Officer
Melen Hagos
NTEE Category
Code: T50 - Philanthropy
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