Overview
What is Foundation For Black Entrepreneurship?
The Foundation For Black Entrepreneurship is a nonprofit organization situated in Denver, Colorado. In 2021, they directly supported over 500 Black women entrepreneurs through various programs, including training, coaching sessions, consultations, and back-office business technical services. Notably, 22% of their participants returned for additional support. The organization served a diverse group, with participants ranging in age, household size, annual income, and industry. To further its mission, the Foundation secured several strategic partnerships in 2021 with companies like Xfinity/Comcast, Xcel Energy, Southwest Airlines, Amazon, and Kaiser Permanente. These partnerships led to increased funding and program delivery, benefiting more Black women entrepreneurs. The organization provided 130 free coaching sessions to help Black women-owned businesses create strategic marketing plans, budgetary goals, and product designs. In line with digital trends, the Foundation's digital footprint grew substantially in 2021, reaching 14,857 followers on social media and 210,723 unique web page views. Positioning itself as a reliable resource in ecommerce, digital marketing, and web services, the Foundation successfully bridged the gap in entrepreneurship for female business owners.
Official website here: www.sistah.biz/
Is Foundation For Black Entrepreneurship legitimate?
Foundation For Black Entrepreneurship is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Black Entrepreneurship submitted a form 990, 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:
Executive Compensation: $81,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,000
For more financial information, click here
Official website here: www.sistah.biz/
What is the mission statement of Foundation For Black Entrepreneurship?
The Foundation For Black Entrepreneurship's mission is centered around supporting Black Women Entrepreneurs. They accomplish this by providing high-touch business development services, aiming to bridge the equity gap in entrepreneurship for female business owners. In 2021, their programs directly assisted over 500 Black women entrepreneurs through various means, such as training, coaching sessions, and consultations. The organization served a diverse group of participants, ranging in age, household size, annual income, and industry. To further their mission, they secured several strategic partnerships in 2021, which led to an increase in program delivery and the number of Black women served, as well as over $237,500 in new funding. Additionally, the Foundation For Black Entrepreneurship focused on digital resources, positioning themselves as a credible source in ecommerce, digital marketing, and web services, reaching 14,857 followers on social media and achieving 210,723 unique web page views in 2021.
Official website here: www.sistah.biz/
Who is the CEO of Foundation For Black Entrepreneurship?
Makisha Boothe is the Ceo of Foundation For Black Entrepreneurship. The CEO's salary of Foundation For Black Entrepreneurship is $81,166 and their total compensation is $81,166.
Official website here: www.sistah.biz/
What is the revenue of Foundation For Black Entrepreneurship?
Foundation For Black Entrepreneurship's revenue in 2021 was $1,255,984.
Official website here: www.sistah.biz/
Who are the executives of Foundation For Black Entrepreneurship and what are their salaries?
There 11 volunteers at Foundation For Black Entrepreneurship.
Here are 7 key members and their salaries (Foundation For Black Entrepreneurship's CEO's salary is $81,166 and their total compensation is $81,166):
- Compensation: $81,166
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sistah.biz/
Where can I find the form 990 for Foundation For Black Entrepreneurship?
Foundation For Black Entrepreneurship's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.sistah.biz/
Learn more at the official website: www.sistah.biz/
Mission Statement of Foundation For Black Entrepreneurship
The Foundation for Black Entrepreneurship, a nonprofit organization, is dedicated to closing the equity gap in entrepreneurship for female business owners, particularly Black women. They achieve this mission by offering high-touch services and business development programming. These activities aim to equip and empower Black women entrepreneurs, providing them with the necessary tools to thrive in their industries. In 2021, the Foundation directly supported over 500 Black women entrepreneurs through various programs, including training, coaching sessions, consultations, and back-office business technical services. The organization served a diverse group of participants, with varying ages, household sizes, annual incomes, and industries.
To further its mission, the Foundation secured several strategic partnerships in 2021, which led to increases in program delivery and the number of Black women served. These partnerships, with companies such as Xfinity/Comcast, Xcel Energy, Southwest Airlines, Amazon, and Kaiser Permanente, among others, provided over $237,500 in new funding. The Foundation also focused on digital marketing and web services, positioning itself as a credible resource in the ecommerce and digital arena. As a result of these efforts, the Foundation's digital footprint increased significantly in 2021, reaching 14,857 followers on social media, a 25% increase over the previous year, and achieving 210,723 unique web page views, a 12% increase.
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Impact
July, 2024
The Foundation For Black Entrepreneurship has had a significant impact on supporting and empowering Black women entrepreneurs. In 2021 alone, the organization directly supported over 500 Black women entrepreneurs through various training programs, coaching sessions, consultations, and back-office technical services. This support helped address the equity gap in entrepreneurship for female business owners.
Additionally, the Foundation For Black Entrepreneurship's efforts led to the establishment of strategic partnerships with companies such as Xfinity/Comcast, Xcel Energy, Southwest Airlines, Amazon, and Kaiser Permanente, resulting in over $237,500 in new funding. These partnerships facilitated an increase in program delivery and the number of Black women served by the organization.
Furthermore, the Foundation For Black Entrepreneurship provided 130 free coaching sessions conducted by highly-vetted business professionals to assist Black women-owned businesses in areas like strategic marketing planning, budgeting goals, and product design.
The organization's digital presence also saw significant growth, with a 25% increase in social media followers and a 12% increase in unique web page views in 2021 compared to the previous year. This indicates the Foundation's effectiveness in leveraging digital platforms to reach and support a wider audience of Black women entrepreneurs.
Overall, the Foundation For Black Entrepreneurship's impact is evident in its tangible support, partnerships, and digital outreach efforts that have positively contributed to the success and advancement of Black women entrepreneurs.
This information is meant to be a general summary of Foundation For Black Entrepreneurship. 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 2021.
- Gross Receipts: $1,255,984
Assets and Liabilities:
- Total Assets: $394,455
- Total Liabilities: $90,606
- Net Assets: $303,849
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Organization Details
Founding Year
2018
Phone
(720) 470-5234Principal Officer
Makisha Boothe
Main Address
20340 E 40th Ave, Denver, CO, 80249
Website
www.sistah.biz/NTEE Category
Code: S43 - Community improvement
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