Overview
What is Beloved Community Incubator Inc?
Beloved Community Incubator Inc. is a nonprofit organization situated in Washington, D.C., specifically at 1226 Vermont Ave NW, 20005. Their mission centers around supporting and organizing resources for community-based cooperatives and collectives in the Washington D.C. metropolitan area. They offer high-touch incubation services, including leadership development, ecosystem and resource organizing, legal, bookkeeping, and administrative support. This assistance is designed for new cooperatives led by marginalized groups, such as poor and working-class Black, Brown, Indigenous, and People of Color, who aim to create living-wage work opportunities. The organization provides pre-launch support, business and leadership development, governance, and conflict resolution training, and financial assistance to offset the costs associated with participating in these programs.
Official website here: www.belovedcommunityincubator.org
Is Beloved Community Incubator Inc legitimate?
Beloved Community Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beloved Community Incubator Inc 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: $278,965
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,834
For more financial information, click here
Official website here: www.belovedcommunityincubator.org
What is the mission statement of Beloved Community Incubator Inc?
The Beloved Community Incubator Inc., functioning as a worker-self-directed non-profit, is committed to supporting and organizing resources for community-based cooperatives and collectives in various areas. Its mission involves providing high-touch incubation support, encompassing leadership development, ecosystem and resource organizing, as well as legal, bookkeeping, and administrative assistance. This support is primarily aimed at new cooperatives that aim to create living wage work and are led by underrepresented groups, including poor and working-class Black, Brown, Indigenous, and People of Color.
Official website here: www.belovedcommunityincubator.org
Who is the CEO of Beloved Community Incubator Inc?
Geoffrey Gilbert is the Treasurer/Administrative Coordinator of Beloved Community Incubator Inc.
Official website here: www.belovedcommunityincubator.org
What is the revenue of Beloved Community Incubator Inc?
Beloved Community Incubator Inc's revenue in 2022 was $886,288.
Official website here: www.belovedcommunityincubator.org
Who are the executives of Beloved Community Incubator Inc and what are their salaries?
The average compensation at Beloved Community Incubator Inc during 2022 was $40,225. There are 8 employees and 25 volunteers at Beloved Community Incubator Inc.
Here are 8 key members and their salaries:
- Compensation: $28,558
- Related: $0
- Other: $0
- Compensation: $63,306
- Related: $0
- Other: $5,359
- Compensation: $72,240
- Related: $0
- Other: $559
- Compensation: $72,240
- Related: $0
- Other: $14,493
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $22,210
- Related: $0
- Other: $0
Official website here: www.belovedcommunityincubator.org
Where can I find the form 990 for Beloved Community Incubator Inc?
Beloved Community Incubator Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belovedcommunityincubator.org
Learn more at the official website: www.belovedcommunityincubator.org
Mission Statement of Beloved Community Incubator Inc
Beloved Community Incubator (BCI) is a worker-self-directed non-profit organization that dedicates its mission to supporting and organizing resources for community-based cooperatives and collectives in the DC metropolitan area. The primary goal of BCI is to bolster new cooperatives that are led by underprivileged and working-class individuals from Black, Brown, Indigenous, and People of Color (BIPOC) communities. By providing high-touch incubation support, BCI aids these cooperatives in various aspects, such as leadership development, ecosystem and resource organizing, and offering assistance with legal, bookkeeping, and administrative tasks. The ultimate objective of BCI is to help these cooperatives create sustainable living-wage work opportunities.
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Impact
July, 2024
Beloved Community Incubator Inc's impact lies in empowering workers to create and maintain collectively owned businesses, enabling them to control their work, pay themselves livable wages, and engage in democratic stewardship of resources. Through high-touch incubation support, leadership development, and legal assistance, BCI facilitates the establishment of new cooperatives and collectives led by marginalized communities in the DC metro area. By fostering economic independence and community-driven enterprises, BCI contributes to building a more equitable and cooperative society.
This information is meant to be a general summary of Beloved Community Incubator Inc. 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.
- Investment Income: $141
- Program Service Revenue: $1,600
- Gross Receipts: $886,686
Assets and Liabilities:
- Total Assets: $209,700
- Total Liabilities: $1,412
- Net Assets: $208,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT CONSULTING
Revenue
$1,600
Organization Details
Founding Year
2018
Phone
(202) 667-1377Principal Officer
Geoffrey Gilbert
Main Address
1226 VERMONT AVE NW, WASHINGTON, DC, 20005
NTEE Category
Code: J20 - Employment
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