Hbcu Founders Initiative

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

EIN: 863846215 ✦ San francisco, CA ✦ Designated as a 501(c)(3)

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Overview

What is Hbcu Founders Initiative?

Hbcu Founders Initiative is a pre-accelerator program, located in San Francisco, California, with a focus on empowering women and minorities to pursue entrepreneurship. This 8-week program, situated at 325 Pacific Avenue, aims to guide entrepreneurs beyond the ideation stage, teaching them the essential skills to establish and grow a startup company. The organization's mission is deeply rooted in inspiring and supporting underrepresented groups, fostering an inclusive environment for entrepreneurial growth.


Official website here: www.hbcufi.org

Is Hbcu Founders Initiative legitimate?

Hbcu Founders Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hbcu Founders Initiative 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: $76,440

For more financial information, click here


Official website here: www.hbcufi.org

What is the mission statement of Hbcu Founders Initiative?

The HBCU Founders Initiative is established with a mission to inspire and support women and minorities in their entrepreneurial pursuits. This organization operates with the aim of encouraging and providing resources to these groups, fostering a conducive environment for their business ventures. The initiative offers an 8-week pre-accelerator program, specifically designed for entrepreneurs who have progressed beyond the ideation stage. This program equips them with the necessary skills to establish and grow a startup company.


Official website here: www.hbcufi.org

What is the revenue of Hbcu Founders Initiative?

Hbcu Founders Initiative's revenue in 2023 was $1,175,500.


Official website here: www.hbcufi.org

Who are the executives of Hbcu Founders Initiative and what are their salaries?

Here are 7 key members and their salaries:


Marlon Evans (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kip Quackenbush (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andre Kirwan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsey Morgan Pasqualichio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelley Arakawa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcela Ruiz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jarrid Whitney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hbcufi.org

Where can I find the form 990 for Hbcu Founders Initiative?

Hbcu Founders Initiative's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.hbcufi.org

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

Mission Statement of Hbcu Founders Initiative

The HBCU Founders Initiative is a corporation dedicated to inspiring and supporting women and minorities in their entrepreneurial pursuits. Its mission is to foster an environment that encourages these groups to venture into business ventures, providing them with the necessary tools and resources to succeed. The organization offers an 8-week pre-accelerator program, specifically designed for entrepreneurs who have progressed beyond the ideation stage. This program equips them with the skills to establish and grow a startup company.

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Impact




October, 2024

The HBCU Founders Initiative significantly impacts entrepreneurship by inspiring and supporting women and minorities in their pursuit of starting businesses. Through its 8-week pre-accelerator program, it targets entrepreneurs who have moved beyond the ideation stage, equipping them with the skills and knowledge needed to successfully build and scale their startup companies. By fostering a supportive environment in places like San Francisco, the initiative creates pathways for historically underrepresented groups, thereby promoting diversity and innovation within the entrepreneurial landscape. This focus not only enhances the prospects for individual participants but also contributes to broader community improvement and economic growth.




This information is meant to be a general summary of Hbcu Founders Initiative. 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
$1,175,500 (2023)
Expenses
$1,172,970 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $1,175,500

Assets and Liabilities:

  • Total Assets: $6,163
  • Total Liabilities: $500
  • Net Assets: $5,663

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Organization Details

Founding Year

2021

Principal Officer

Kip Quackenbush

NTEE Category

Code: S43 - Community improvement

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