Overview
What is B1 Foundation?
The B1 Foundation, situated in Baton Rouge, Louisiana, is a nonprofit organization with a mission to boost educational opportunities and stimulate community growth through economic development. They achieve this by offering scholarships to employees and their children, as seen through their distribution of $19,000 in scholarships. Additionally, the B1 Foundation serves as a bridge for small businesses and entrepreneurs, providing them with essential educational resources. This nonprofit's initiatives aim to enhance the lives and prospects of the communities they serve.
Is B1 Foundation legitimate?
B1 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. B1 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.
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What is the mission statement of B1 Foundation?
The B1 Foundation's mission is geared towards enhancing educational opportunities and fostering the growth of the communities it serves through economic development. It achieves this by providing scholarships and engaging in charitable and economic development activities. Specifically, the foundation distributed $19,000 in scholarships to its employees and their children. This non-profit organization is committed to bridging the educational gap and promoting community development.
Who is the CEO of B1 Foundation?
Heather Roemer is the Director of B1 Foundation.
What is the revenue of B1 Foundation?
B1 Foundation's revenue in 2022 was $152,620.
Who are the executives of B1 Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for B1 Foundation?
B1 Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of B1 Foundation
B1 Foundation, a nonprofit organization, is committed to bridging gaps and fostering growth within the communities it serves. Its primary mission is to enhance educational opportunities, with a focus on economic development. By offering educational programs and resources to small businesses and entrepreneurs, B1 Foundation aims to contribute to the betterment of its communities.
In addition to its educational initiatives, B1 Foundation also operates a scholarship program. Under this program, the foundation has distributed a significant sum of $19,000 in scholarships to both employees and their children. This financial aid serves as a testament to the organization's dedication to promoting learning and fostering opportunities for personal and professional growth. By engaging in charitable and economic development activities, B1 Foundation demonstrates its comprehensive approach to community development and its commitment to the well-being of its community members.
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Impact
October, 2024
B1 Foundation significantly impacts the community by enhancing educational opportunities and promoting economic growth for small businesses and entrepreneurs. Through its efforts, it bridges the gap in access to resources and education essential for success in the business landscape.
The Foundation has established a scholarship program, distributing $19,000 to employees and their children, thereby supporting families in their pursuit of education and career development. This financial assistance not only empowers individuals but also fosters a more skilled workforce in Baton Rouge, LA.
By engaging in charitable activities and focused economic development initiatives, B1 Foundation plays a vital role in nurturing local talent and ensuring that communities thrive through improved educational access and support for small businesses.
This information is meant to be a general summary of B1 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: $152,620
Assets and Liabilities:
- Total Assets: $95,076
- Total Liabilities: $0
- Net Assets: $95,076
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Organization Details
Founding Year
2020
Phone
(512) 298-2898Principal Officer
Heather Roemer
Main Address
500 LAUREL STREET, BATON ROUGE, LA, 70801
NTEE Category
Code: P20 - Human services
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