Rebuildtheblock Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 851421101 ✦ Upper marlboro, MD ✦ Designated as a 501(c)(3)

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Overview

What is Rebuildtheblock Corp?

Rebuildtheblock Corp, located in Upper Marlboro, Maryland, is a nonprofit organization with a mission to bridge the gap between Black entrepreneurs and reputable resources. Through their Bridge the Gap Fund, they aim to combat social and economic disparities that have hindered these entrepreneurs from accessing capital and investing in their communities. The fund is distributed semi-annually and has supported over 34 entrepreneurs, recognizing those impacted by the pandemic as well as long-standing racial and economic inequities. By providing these resources, Rebuildtheblock Corp strives to infiltrate generational wealth and capital within the Black community.


Official website here: www.rebuildtheblock.org

Is Rebuildtheblock Corp legitimate?

Rebuildtheblock Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rebuildtheblock Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.rebuildtheblock.org

What is the mission statement of Rebuildtheblock Corp?

Rebuildtheblock Corp's mission is to act as a mediator, connecting Black entrepreneurs with reliable resources to foster generational wealth and financial growth within the Black community. This organization aims to combat the long-standing economic disparities that have hindered Black entrepreneurs from accumulating capital and investing in their communities. One of their initiatives is the Bridge the Gap Fund, a grant program distributed twice a year, which has thus far benefited over 34 Black entrepreneurs, including those affected by the pandemic and pre-existing racial and economic inequities.


Official website here: www.rebuildtheblock.org

Who is the CEO of Rebuildtheblock Corp?

Cheryl Richards is the President of Rebuildtheblock Corp.


Official website here: www.rebuildtheblock.org

What is the revenue of Rebuildtheblock Corp?

Rebuildtheblock Corp's revenue in 2022 was $23.


Official website here: www.rebuildtheblock.org

Who are the executives of Rebuildtheblock Corp and what are their salaries?

There 6 volunteers at Rebuildtheblock Corp.


Here are 5 key members and their salaries:


Cheryl Richards (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Terry-Clark (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexis Akarolo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zelnnetta Clark (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shanique Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rebuildtheblock.org

Where can I find the form 990 for Rebuildtheblock Corp?

Rebuildtheblock Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rebuildtheblock.org

Learn more at the official website: www.rebuildtheblock.org

Mission Statement of Rebuildtheblock Corp

Rebuildtheblock Corp, as a community liaison, is dedicated to bridging the gap between Black entrepreneurs and reliable resources. The organization's mission is to facilitate the infiltration of generational wealth and capital within the Black community. This is achieved by connecting these entrepreneurs with reputable resources, thereby empowering them to invest in their communities and combat the long-standing social and economic disparities that have hindered their growth. The Bridge the Gap Fund is one of the tools used by Rebuildtheblock Corp in achieving this mission. This semi-annual capacity-building grant has been awarded to over 34 Black entrepreneurs, many of whom have been impacted by the pandemic and racial and economic inequities, providing them with the necessary capital to invest in their ventures and contribute to their communities.

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Impact




October, 2024

Rebuildtheblock Corp has a significant impact on the Black entrepreneurial community by serving as a vital resource and support system. It effectively bridges the gap between Black entrepreneurs and the resources necessary to cultivate generational wealth. Through initiatives like the Bridge the Gap Fund, RTB addresses social and economic disparities by providing capacity-building grants to Black entrepreneurs who have historically been underfunded and marginalized.

Since its inception, the Bridge the Gap Fund has supported over 34 Black entrepreneurs, particularly those adversely affected by the pandemic and systemic inequities, facilitating their access to capital and investment opportunities. By equipping these entrepreneurs with the resources they need, RTB fosters economic empowerment and encourages community reinvestment, ultimately working to create a more equitable landscape for Black businesses. In doing so, Rebuildtheblock Corp not only uplifts individual entrepreneurs but also stimulates broader economic growth within the Black community in Upper Marlboro, MD, and beyond.




This information is meant to be a general summary of Rebuildtheblock Corp. 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.

Revenue
$23 (2022)
Expenses
$22,721 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $23

Assets and Liabilities:

  • Total Assets: $58,256
  • Total Liabilities: $0
  • Net Assets: $58,256

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Organization Details

Founding Year

2020

Principal Officer

Cheryl Richards

Main Address

14706 Turner Wootton Parkway, Upper Marlboro, MD, 20774

NTEE Category

Code: R99 - Civil rights

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