2023-04-26T10:36:26-05:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-01-01 833032236 THE BLEXIT FOUNDATION INC BLEX 6514724392 PO BOX 158067 NASHVILLE TN 37215 CANDACE OWENS PRESIDENT 6514724392 2023-04-25 1 CANDACE OWENS XXX-XX-XXXX 0 FRANK H SMITH P00639053 2028225000 2023-04-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CANDACE OWENS PO BOX 158067 NASHVILLE TN 37215 2906245 0 X BLEXITFOUNDATION.ORG X 2018 DE BLEXIT FOUNDATION IS A 501(C)(3) NON-PROFIT ORGANIZATION DEDICATED TO THE ADVANCEMENT OF URBAN AND MINORITY COMMUNITIES BY ENCOURAGING YOUTH TO SEEK AND TAKE ADVANTAGE OF OPPORTUNITIES IN 21ST CENTURY AMERICA. 7 5 24 75 0 0 2342820 2674420 1008 225000 126 3566 52639 3259 2396593 2906245 4000 0 0 0 925349 1185621 612356 838098 1246986 1780022 2602752 3321727 4626471 -925134 -1720226 2991862 1311227 31084 70675 2960778 1240552 X THE ORGANIZATION PROMOTES EDUCATIONAL INITIATIVES, PURSUES CRIMINAL JUSTICE REFORM, EDUCATES MINORITY COMMUNITIES REGARDING AMERICA'S FOUNDING PRINCIPLES, AND HIGHLIGHTS THE IMPORTANCE OF FREE MARKETS AND ENTREPRENEURSHIP AS THE ANTIDOTE TO POVERTY. BLEXIT FOUNDATION'S VISION IS TO CHANGE THE NARRATIVE THAT SURROUNDS AMERICA'S MINORITY COMMUNITIES - WITH A PARTICULAR FOCUS ON AFRICAN-AMERICANS. 0 0 2423561 225000 BLEXIT COMMUNICATED ITS VISION AND MESSAGE THROUGH A VARIETY OF MULTI-MEDIA AND ONLINE MEDIA IN ADDITION TO HOLDING LIVE EVENTS IN VARIOUS CITIES. BLEXIT HIRED ADDITIONAL STAFF AND CONCEPTUALIZED NEW PROGRAMMING FOR IMPLEMENTATION, LAUNCHING A SUCCESSFUL AFTERSCHOOL PROGRAM IN URBAN AREAS. 2423561 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 49 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 0 0 1 1 0 AL CT FL IL KS KY LA MD MI MN MO NC OH OK OR PA SC TN UT VA WA X THE BLEXIT FOUNDATION INC 6514724392 PO BOX 158067 NASHVILLE TN 37215 CANDACE OWENS PRESIDENT & DIRECTOR 30.00 X X 250000 0 13905 BRANDON TATUM VICE PRESIDENT & DIRECTOR 5.00 X X 36000 0 0 DOUG DEASON BOARD MEMBER 5.00 X 0 0 0 LAURENCE ELDER BOARD MEMBER 5.00 X 0 0 0 ALICE HANLEY BOARD MEMBER - UNTIL 6/2022 5.00 X 0 0 0 REBEKAH MERCER BOARD MEMBER - AS OF 9/2022 5.00 X 0 0 0 DAVID PANTON BOARD MEMBER 5.00 X 0 0 0 BOB WHEATLEY BOARD MEMBER 5.00 X 0 0 0 VICTOR PAP SECRETARY 5.00 X 0 0 0 GEORGE FARMER TREASURER 30.00 X 0 0 0 MELISSA NUNEZ CHIEF OPERATIONS OFFICER 40.00 X 160385 0 11588 ASHLEY ALEXANDER DEVELOPMENT DIRECTOR 40.00 X 140824 0 11588 587209 0 37081 3 0 1 0 OPTIMIZE CONSULTING PO BOX 660121 AUSTIN TX 78766 SOCIAL MEDIA FUNDRAISING 553694 FORTIFIED RISK GROUPGAR PO BOX 681752 FRANKLIN TN 37068 SECURITY 349934 OLYMPIC MEDIA 1881 N NASH ST 2031 ARLINGTON VA 22209 SOCIAL MEDIA FUNDRAISING 284404 RIOSLUM 117 CHURCH ST APT A CHARLESTON SC 29401 WEB SERVICES 237938 4 2674420 58490 2674420 CAMP REGISTRATION 900099 225000 225000 225000 3566 3566 MERCHANDISE SALE 900099 3259 3259 3259 2906245 225000 0 6825 X 299905 158953 73176 67776 488573 308006 140011 40556 105389 63894 28822 12673 291754 173268 78991 39495 82357 82357 28504 28504 838098 838098 847649 272527 436215 138907 182584 145341 37243 119058 99488 14896 4674 389435 288759 43177 57499 518490 508425 10065 10774 10774 51007 51007 VIDEO PRODUCTION 372894 372894 ALLOCATIONS 0 32006 -32006 4626471 2423561 955924 1246986 197409 92838 2164418 958917 590161 250522 21667 32310 23360 18207 8950 2991862 1311227 31084 70675 31084 70675 X 2594656 889069 366122 351483 2960778 1240552 2991862 1311227 -1720226 0 X X 0 1 X 1 0 X 1604575 7647567 2342820 2674420 14269382 1604575 7647567 2342820 2674420 14269382 2711810 11557572 126 3566 3692 2907 52639 3259 58805 14331879 226008 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MERCHANDISE SALES - 2020 AMOUNT: $ 2,907. 2021 AMOUNT: $ 2,639. 2022 AMOUNT: $ 3,259. SPEAKING HONORARIA - 2021 AMOUNT: $ 50,000. SCHEDULE A, PART II THE 2018 COLUMN OF SCHEDULE A, PART II REPRESENTS THE ORGANIZATION'S INITIAL YEAR OF EXISTENCE, WHICH WAS A SHORT PERIOD RUNNING FROM DECEMBER 17, 2018 TO DECEMBER 31, 2018. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32310 23360 8950 8950 X 2906245 0 2906245 0 2906245 4626471 0 4626471 0 4626471 PART X, LINE 2: BLEXIT PERFORMED AN EVALUATION FOR UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2022, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. X X X 1 OPTIMIZE CONSULTING PO BOX 660121 AUSTIN TX 78766 SOCIAL MEDIA FUNDRAISING 0 818319 553694 264625 OLYMPIC MEDIA 1881 N NASH STREET APT 2031 ARLINGTON VA 22209 SOCIAL MEDIA FUNDRAISING 0 384284 284404 99880 1202603 838098 364505 AL CO CT DC FL IL KS KY MD MI MN MO NV NC OH OK OR PA SC TN UT VA WA LA X X 1 1 X X X 0 0 0 0 0 0 0 1 0 CANDACE OWENS PRESIDENT & DIRECTOR 250000 0 0 0 0 0 0 0 13905 0 263905 0 0 0 MELISSA NUNEZ CHIEF OPERATIONS OFFICER 145385 0 15000 0 0 0 0 0 11588 0 171973 0 0 0 ASHLEY ALEXANDER DEVELOPMENT DIRECTOR 127824 0 13000 0 0 0 0 0 11588 0 152412 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES SECURITY FOR ITS PRESIDENT & CEO, WHICH WAS DEEMED NECESSARY BY THE BOARD TO ENSURE PROGRAMMING NEEDS WERE MET. THE COST OF SECURITY IN 2022 WAS $397,159; THESE COSTS WERE NOT INCLUDED AS PART OF TAXABLE INCOME TO THE PRESIDENT & CEO. THE ORGANIZATION ALSO OCCASIONALLY PROVIDES FOR CHARTER TRAVEL FOR THE PRESIDENT & CEO AS NECESSARY. IN 2022, A CHARTER FLIGHT WAS PROVIDED SO THE PRESIDENT & CEO COULD MEET WITH A DONOR AND STILL MAKE A PREVIOUSLY-SCHEDULED LIVE EDUCATIONAL PRESENTATION SHORTLY THEREAFTER. PART I, LINE 7 THE ORGANIZATION PROVIDED BONUSES TO CERTAIN EMPLOYEES DURING 2022. THE BONUSES WERE DETERMINED AT THE DISCRETION OF THE COMPENSATION COMMITTEE. X CRYPTOCURRENCY 3 58490 SALE PRICE UPON RECE 0 0 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTION IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 CANDACE OWENS, PRESIDENT, AND GEORGE FARMER, TREASURER, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FEDERAL FORM 990 IS ELECTRONICALLY CIRCULATED TO THE FULL BOARD OF DIRECTORS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS REVIEWS THE CONFLICT OF INTEREST POLICY AND SIGN A STATEMENT ANNUALLY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE MEMBERS OF THE GOVERNING BODY OR COMMITTEE MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION COMMITTEE IS COMPRISED OF BOTH BOARD MEMBERS AND NON-BOARD MEMBERS. THE COMMITTEE MET IN ADVANCE AND TOOK INTO ACCOUNT VARIOUS FACTORS INCLUDING COMPARABILITY DATA TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION FOR THE PRESIDENT AS WELL AS OTHER STAFF MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,681. FUNDRAISING EXPENSES 137,703. TOTAL EXPENSES 142,384. PAYROLL FEES: PROGRAM SERVICE EXPENSES 5,281. MANAGEMENT AND GENERAL EXPENSES 2,407. FUNDRAISING EXPENSES 1,204. TOTAL EXPENSES 8,892. CONSULTANTS: PROGRAM SERVICE EXPENSES 2,000. MANAGEMENT AND GENERAL EXPENSES 31,968. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,968. SECURITY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 397,159. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 397,159. PROGRAM COORDINATORS: PROGRAM SERVICE EXPENSES 265,246. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 265,246. FORM 990, PART II, LINE 1 THE ORGANIZATION UPDATED ITS METHOD OF ACCOUNTING THIS YEAR TO PROPERLY REFLECT THAT THE RETURN IS (AND HAS BEEN) PREPARED ON THE ACCRUAL BASIS. THE PREVIOUS RETURNS INDICATING CASH BASIS WERE INCORRECT.