2023-10-09T12:25:04-05:00 2022-12-31 390974031 WEGNER CPAS LLP 419 N LEE ST ALEXANDRIA VA 223142301 990 2022-01-01 833133482 BELOVED COMMUNITY INCUBATOR INC BELO 2026671377 1226 VERMONT AVE NW WASHINGTON DC 20005 GEOFFREY GILBERT LEGAL AND TECHNICAL DIRECTOR 2026671377 2023-10-06 1 GEOFFREY GILBERT 999009999 1 BRUCE MAYER CPA P00187180 7035190990 2023-10-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GEOFFREY GILBERT 1226 VERMONT AVE NW WASHINGTON DC 20005 886686 0 X BELOVEDCOMMUNITYINCUBATOR.ORG X 2018 DC SUPPORT AND ORGANIZE RESOURCES FOR COMMUNITY-BASED COOPERATIVES AND COLLECTIVES IN DC METRO AREA 7 3 8 25 0 0 387392 883033 1600 1600 107 141 0 1514 389099 886288 22350 25569 0 0 189552 367967 0 0 13715 40654 421725 252556 815261 136543 71027 143609 209700 7066 1412 136543 208288 X BELOVED COMMUNITY INCUBATOR (BCI) IS WORKER SELF-DIRECTED NON-PROFIT THAT SUPPORTS AND ORGANIZES RESOURCES FOR COMMUNITY-BASED COOPERATIVES AND COLLECTIVES IN THE DC METRO AREA. BCI PROVIDES HIGH-TOUCH INCUBATION SUPPORT - INCLUDING LEADERSHIP DEVELOPMENT, ECOSYSTEM AND RESOURCE ORGANIZING AND LEGAL, BOOKKEEPING AND ADMINISTRATIVE SUPPORT - FOR NEW COOPERATIVES THAT CREATE LIVING WAGE WORK AND THAT ARE LED BY POOR AND WORKING CLASS BLACK, BROWN, INDIGENOUS AND PEOPLE OF COLOR. 1 0 741557 25569 1600 WE SUPPORT WORKERS TO CREATE AND MAINTAIN COLLECTIVELY OWNED BUSINESSES SO THAT WORKERS CAN CONTROL THEIR WORK, PAY THEMSELVES LIVING WAGES, BUILD A DEMOCRATIC PRACTICE OF STEWARDING RESOURCES TOGETHER AND ENGAGE IN THE WIDER DMV AREA MOVEMENT ECOSYSTEM THAT IS BUILDING ABOLITION AND DECOLONIZATION. WE PROVIDE HIGH-TOUCH INCUBATION SUPPORT - INCLUDING LEADERSHIP DEVELOPMENT, ECOSYSTEM AND RESOURCE ORGANIZING AND LEGAL, BOOKKEEPING AND ADMINISTRATIVE SUPPORT - FOR NEW COOPERATIVES THAT CREATE LIVING WAGE WORK AND THAT ARE LED BY POOR AND WORKING CLASS BLACK, BROWN, INDIGENOUS AND PEOPLE OF COLOR.BCI INCUBATES NEW COOPERATIVES AND COLLECTIVES, PROVIDING SUPPORT FOR WORKERS THROUGH THE ENTIRE PROCESS OF CREATING AND LAUNCHING THEIR BUSINESS OPERATIONS. AS AN INCUBATOR, WE PROVIDE PRE-LAUNCH SUPPORT, BUSINESS & LEADERSHIP DEVELOPMENT, GOVERNANCE AND CONFLICT RESOLUTION TRAININGS, AND LEGAL, BOOKKEEPING, AND ADMINISTRATIVE SUPPORT. OUR PRE-LAUNCH SUPPORT INCLUDES A MONTHLY STIPEND TO OFFSET THE COST OF PARTICIPATING IN TRAINING. 741557 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 DC X ELSA SANCHEZ 2026671377 1226 VERMONT AVE NW WASHINGTON DC 20005 FRANCISCO BENAVIDES TREASURER/ADMINISTRATIVE COORDINATOR 24.00 X X 28558 0 0 BIANCA VAZQUEZ CO-PRESIDENT/PROGRAM DIRECTOR 40.00 X X 63306 0 5359 GEOFF GILBERT LEGAL AND TECHNICAL DIRECTOR 40.00 X X 72240 0 559 MEGAN FELIX MACARAEG CO-PRESIDENT/ORGANIZING DIRECTOR 40.00 X X 72240 0 14493 MEGHAN SOBOCIENSKI BOARD MEMBER 1.00 X 0 0 0 CELESTE SMITH BOARD MEMBER 1.00 X 0 0 0 ALANA EICHNER BOARD MEMBER 1.00 X 0 0 0 YANNIK OMICTIN PROGRAM DIRECTOR 40.00 X 22210 0 0 258554 0 20411 0 0 0 0 0 883033 883033 MANAGEMENT CONSULTING 541610 1600 1600 1600 141 141 1912 398 1514 1514 886288 1600 0 1655 X 3500 3500 22069 22069 278965 249870 18589 10506 42834 40083 1449 1302 16991 15232 1358 401 29177 26173 1924 1080 2680 2680 946 946 118347 116189 2137 21 104 70 34 45930 19612 26318 3575 2976 583 16 13334 13334 91243 91140 94 9 91974 89841 2005 128 7022 6180 643 199 MIGRANT SUPPORT PROJECT 27339 27339 LOBBY DAY AND HEARING S 7660 7660 DUES AND SUBSCRIPTIONS 3230 1403 1808 19 8341 7940 401 815261 741557 59989 13715 1020 0 142389 209500 200 200 143609 209700 7066 1412 7066 1412 X 136543 207763 0 525 136543 208288 143609 209700 71027 718 0 X 0 0 0 X 387392 883033 1270425 387392 883033 1270425 49556 1220869 107 141 248 1514 1514 1272187 3200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8500 16388 24888 790373 815261 147289 36822 0 0 147289 147289 220934 24888 24888 36822 36822 55233 8500 8500 1 COOP EDUCATION STIPENDS 23 13469 COVID SUPPORT 43 8600 PART I, LINE 2: BCI PROVIDES COOP EDUCATION STIPENDS TO HELP COOPERATIVES AND COLLECTIVES OFFSET THE COSTS OF PARTICIPATING IN TRAINING. IN 2022, $200 GRANTS WERE PROVIDED TO COOP WORKERS AFFECTED BY THE PANDEMIC. ALL GRANTS AND STIPENDS ARE APPROVED BY THE BOARD. THE USE OF GRANT FUNDS IS NOT MONITORED ONCE FUNDS ARE DISBURSED. FORM 990, PART III, LINE 2 IN 2022, BELOVED COMMUNITY INCUBATOR BECAME A MEMBER OF SEED COMMONS AND BEGAN OUR NEWEST PROGRAM - THE DC SOLIDARITY ECONOMY LOAN FUND (DCSELF) SEED COMMONS IS A NATIONAL NETWORK OF LOCALLY ROOTED, NON-EXTRACTIVE LOAN FUNDS THAT BRING TRADITIONAL FINANCE UNDER COMMUNITY CONTROL. DC SELF, IS THE FIRST AND ONLY PROJECT IN THE WASHINGTON, DC AREA MEANT TO ENABLE ACCESS TO FUNDING FOR COLLECTIVELY OWNED ENTERPRISES AND COOPERATIVES LED BY BLACK, BROWN, INDIGENOUS AND PEOPLE OF COLOR. SEED COMMONS IS ALWAYS THE LENDER OF RECORD ON THE PROJECT WHILE DCSELF EXPANDS BELOVED COMMUNITY INCUBATOR'S TRADITIONAL FINANCIAL EDUCATION AND TRAINING. BCI, THROUGH THE DC SELF PROJECT, PROVIDES TECHNICAL ASSISTANCE, TRAINING, AND EDUCATION TO BORROWERS TO BECOME LOAN-READY, ENGAGES IN COMMUNITY OUTREACH TO SUPPORT THE FUND, AND CONNECTS BORROWERS WITH SEED COMMONS. TOGETHER, WE ARE BUILDING THE INFRASTRUCTURE NECESSARY FOR A TRULY JUST AND SUSTAINABLE NEW ECONOMY. THE NETWORK CHANNELS INVESTMENT TO MARGINALIZED COMMUNITIES AND TRADITIONALLY "UNLIKELY BORROWERS" THAT HAVE FACED THE BRUNT OF THE EXTRACTIVE ECONOMY, DEINDUSTRIALIZATION, AND SYSTEMIC DISCRIMINATION, MAKING FINANCING AVAILABLE TO COOPERATIVELY-OWNED BUSINESSES LED PRIMARILY BY POOR AND WORKING CLASS WORKER-OWNERS THAT CREATE JOBS, BUILD WEALTH, AND CHALLENGE INEQUALITY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY ALL OFFICERS PRIOR TO FILING WITH THE IRS. IN ADDITION, A COPY OF THE RETURN IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS AND EMPLOYEES. ANY DIRECTOR OR EMPLOYEE IS CONSIDERED AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF THE ANNUAL BUDGET REVIEW, OFFICER COMPENSATION IS REVIEWED AND APPROVED BY THE INDEPENDENT BOARD MEMBERS. THE APPROVAL IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 497. MANAGEMENT AND GENERAL EXPENSES 512. FUNDRAISING EXPENSES 21. TOTAL EXPENSES 1,030. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 615. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 615. INTERPRETER AND TRANSLATION: PROGRAM SERVICE EXPENSES 25,719. MANAGEMENT AND GENERAL EXPENSES 225. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,944. MIGRANT PROJECT COORDINATOR: PROGRAM SERVICE EXPENSES 20,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,000. VIDEOGRAPHER: PROGRAM SERVICE EXPENSES 1,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,700. MIGRANT SUPPORT CONSULTANT: PROGRAM SERVICE EXPENSES 4,025. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,025. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 5,200. MANAGEMENT AND GENERAL EXPENSES 1,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,600. COOP DEVELOPMENT: PROGRAM SERVICE EXPENSES 30,386. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,386. ORGANIZING AND COOP DEVELOPMENT: PROGRAM SERVICE EXPENSES 22,421. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,421. COMMUNICATIONS CONSULTANT: PROGRAM SERVICE EXPENSES 5,626. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,626.