Overview
What is Black Girl Ventures Foundation?
The Black Girl Ventures Foundation, based in Fort Belvoir, Virginia, is a dedicated nonprofit organization. Its primary mission is to empower and support Black and Brown women entrepreneurs by offering them access to community resources, education, and leadership development. This support aims to help these women accomplish various business milestones, ultimately leading to economic growth through entrepreneurship. The foundation operates with a commitment to fostering an inclusive environment where these women can thrive and make significant strides in their respective industries.
Official website here: www.blackgirlventures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Black Girl Ventures Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating indicates that the organization is managing its resources effectively, with an impressive program expense ratio of 79.12%, meaning a significant portion of its funds is directed towards its mission-driven programs. The foundation has also demonstrated strong governance practices, including a fully independent board and compliance with document retention policies.
The foundation has shown no material diversion of assets and maintains a low liability-to-assets ratio of 6.76%. Furthermore, its fundraising efficiency is commendable, with only $0.03 spent to raise each dollar, allowing for more funds to be allocated to its initiatives. These strengths illustrate Black Girl Ventures Foundation's commitment to transparency and responsible financial management.
However, while the financial indicators are strong, the overall rating is based solely on accountability and finance metrics. This means there may be limited insights into other operational aspects, such as program impact or community feedback. Nonetheless, the foundation's strong fiscal practices suggest a reliable organization that prioritizes its commitments to empowering Black women entrepreneurs.
This AI summary has been generated from information found on Charity Navigator.
Is Black Girl Ventures Foundation legitimate?
Black Girl Ventures Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Girl Ventures Foundation 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: $290,068
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,046,891
For more financial information, click here
Official website here: www.blackgirlventures.org
What is the mission statement of Black Girl Ventures Foundation?
The Black Girl Ventures Foundation aims to offer resources and opportunities to Black and brown woman entrepreneurs. Their mission is to provide these founders with access to community, education, and leadership development. This support is intended to help them achieve business milestones, ultimately leading to economic growth through entrepreneurship. The foundation serves as a catalyst for their professional advancement, fostering an environment that encourages their success.
Official website here: www.blackgirlventures.org
Who is the CEO of Black Girl Ventures Foundation?
Shelly Bell is the President & Ceo of Black Girl Ventures Foundation. The CEO's salary of Black Girl Ventures Foundation is $0 and their total compensation is $0.
Official website here: www.blackgirlventures.org
What is the revenue of Black Girl Ventures Foundation?
Black Girl Ventures Foundation's revenue in 2022 was $4,434,818.
Official website here: www.blackgirlventures.org
Who are the executives of Black Girl Ventures Foundation and what are their salaries?
Here are 12 key members and their salaries (Black Girl Ventures Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $205,000
- Related: $0
- Other: $0
- Compensation: $85,068
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.blackgirlventures.org
Where can I find the form 990 for Black Girl Ventures Foundation?
Black Girl Ventures Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blackgirlventures.org
Learn more at the official website: www.blackgirlventures.org
Mission Statement of Black Girl Ventures Foundation
Black Girl Ventures Foundation is committed to serving black and brown woman identifying founders by providing them with vital resources to achieve business milestones that ultimately lead to economic success through entrepreneurship. This mission is accomplished by offering these founders access to a supportive community, educational opportunities, and leadership development programs. By doing so, Black Girl Ventures Foundation empowers these women to overcome obstacles and thrive in their entrepreneurial endeavors.
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Impact
July, 2024
Black Girl Ventures Foundation is making a meaningful impact by providing Black and Brown woman-identifying founders with access to community, education, and leadership development. Through these opportunities, the organization is helping these entrepreneurs meet crucial business milestones that ultimately lead to economic empowerment through entrepreneurship. Their work is not only benefiting the individual founders but also contributes to community improvement, creating a ripple effect of positive change and empowerment for marginalized entrepreneurs.
This information is meant to be a general summary of Black Girl Ventures Foundation. 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 2022.
- Gross Receipts: $4,434,818
Assets and Liabilities:
- Total Assets: $2,617,449
- Total Liabilities: $177,000
- Net Assets: $2,440,449
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Organization Details
Founding Year
2018
Phone
(202) 709-4522Principal Officer
Shelly Bell
Main Address
9142 RICHMOND HIGHWAY 244, FORT BELVOIR, VA, 22060
Website
www.blackgirlventures.orgNTEE Category
Code: S43 - Community improvement
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