Overview
What is Blavity Org Foundation Inc?
Blavity Org Foundation Inc, located in Culver City, California, is a nonprofit organization with a mission to empower Black entrepreneurs. Through strategic partnerships with entities such as Bank of America, Adidas, and LinkedIn, they have expanded their programs and resources, aiming to holistically support the entrepreneurs within their ecosystem. Their approach is multifaceted, encompassing education via fellowships, storytelling, and community building through Black Gravity Spaces. These initiatives offer unconventional tools, fostering authentic connections and empowerment for early-stage Black entrepreneurs. The organization's ultimate goal is to foster an environment where all Black people can thrive and generate wealth. With a small team of dedicated individuals, Blavity Org Foundation Inc continues to make significant strides towards their vision.
Official website here: www.blavity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Blavity Org Foundation Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a high level of transparency and financial accountability. The overall score is derived solely from the Accountability & Finance beacon, where the organization scored 97%. This indicates a strong commitment to managing resources effectively and ensuring responsible oversight.
The foundation excels in several key areas, including having a fully independent board and robust policies in place to address conflicts of interest and whistleblower protections. The charity's board consists entirely of independent members, which enhances governance and oversight. Additionally, the foundation demonstrates a sound financial structure, with an excellent liabilities-to-assets ratio and a strong program expense ratio, suggesting that funds are primarily directed toward its missions and programs.
While the organization has performed exceptionally well in accountability metrics, no specific information on program outcomes or impact was provided in the rating summary. This may leave potential donors curious about how effectively the charity's programs fulfill its mission beyond financial stewardship. Overall, Blavity Org Foundation Inc stands out for its strong financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Blavity Org Foundation Inc legitimate?
Blavity Org Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blavity Org Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.blavity.org
What is the mission statement of Blavity Org Foundation Inc?
Blavity Org Foundation Inc's mission is centered around empowering Black entrepreneurs. They aim to foster generational wealth by providing education, storytelling, and supporting initiatives through their Black Gravity program. The organization envisions a world where all Black individuals can thrive. In 2022, they have strengthened their mission through partnerships with Bank of America, Adidas, and LinkedIn, enabling them to broaden their offerings and holistically support the entrepreneurs within their network. Their activities are primarily focused on providing unconventional resources, fostering authentic connections, and offering spaces for empowerment through their education, storytelling, and Black Gravity Spaces programs.
Official website here: www.blavity.org
Who is the CEO of Blavity Org Foundation Inc?
Jeff Nelson is the CEO of Blavity Org Foundation Inc The CEO's salary of Blavity Org Foundation Inc is $0 and their total compensation is $0.
Official website here: www.blavity.org
What is the revenue of Blavity Org Foundation Inc?
Blavity Org Foundation Inc's revenue in 2024 was $27,944.
Official website here: www.blavity.org
Who are the executives of Blavity Org Foundation Inc and what are their salaries?
The average compensation at Blavity Org Foundation Inc during 2024 was $94,114. There 50 volunteers at Blavity Org Foundation Inc.
Here are 3 key members and their salaries (Blavity Org Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.blavity.org
Where can I find the form 990 for Blavity Org Foundation Inc?
Blavity Org Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.blavity.org
Learn more at the official website: www.blavity.org
Mission Statement of Blavity Org Foundation Inc
Blavity Org Foundation Inc, with a mission to fiscally support black-led businesses, aims to empower Black entrepreneurs on a generational scale. They achieve this through various means, including education, storytelling, and their Black Gravity initiative. Their goal is to create a world where all Black individuals can thrive.
To actualize this vision, Blavity Org Foundation Inc has implemented several programs. Their education pillar, represented by fellowships, provides early-stage entrepreneurs within the Blavity.org ecosystem with unconventional resources. This equips these individuals with the necessary tools to navigate their ventures effectively.
Furthermore, Blavity Org Foundation Inc prioritizes storytelling, offering a platform for Black entrepreneurs to share their experiences and inspire others. By doing so, they foster a sense of community and encourage collaboration among their members.
Lastly, the organization focuses on community building through their Black Gravity Spaces. These spaces serve as authentic platforms for connection and empowerment, where Black entrepreneurs can network, learn, and grow together.
In summary, Blavity Org Foundation Inc's mission is to empower Black entrepreneurs to create generational wealth. They achieve this through education, storytelling, and community building, providing holistic support to early-stage entrepreneurs within the Blavity.org ecosystem.
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Impact
July, 2024
Blavity Org Foundation Inc's impact is significant in empowering Black entrepreneurs to create generational wealth through education, storytelling, and Black Gravity. The foundation has partnered with major companies such as Bank of America, Adidas, and LinkedIn to expand its programs and resources, providing early-stage Black entrepreneurs with unconventional tools, spaces of authentic connection, and empowerment. Through initiatives like education fellowships, storytelling programs, and Black Gravity Spaces for community building, Blavity Org Foundation Inc is actively working towards a vision where all Black people thrive in the world.
This information is meant to be a general summary of Blavity Org Foundation 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 2024.
- Investment Income: $17,440
- Gross Receipts: $27,944
Assets and Liabilities:
- Total Assets: $900,412
- Total Liabilities: $3,818
- Net Assets: $896,594
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Organization Details
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