2025-06-04T09:04:51-05:00 2024-12-31 720549733 ERICKSEN KRENTEL LLP 4227 CANAL STREET NEW ORLEANS LA 70119 990 2024-01-01 830935942 BLACK GIRL VENTURES FOUNDATION BLAC 5717717424 8647 RICHMOND HIGHWAY 649 ALEXANDRIA VA 22309 OMI BELL PRESIDENT & CEO 5717717424 2025-05-27 1 1 JEREMY THIBODEAUX CPA P01232904 5044867275 2025-05-22 2024 2025-03-06 01:10:19Z OMI BELL 8647 RICHMOND HIGHWAY 649 ALEXANDRIA VA 22309 4539358 0 X WWW.BLACKGIRLVENTURES.ORG X 2018 VA THE MISSION IS TO CREATE ACCESS TO CAPITAL, CAPACITY BUILDING AND EDUCATION FOR UNDER RESOURCED ENTREPRENEURS THAT ENABLES BUSINESS SUSTAINABILITY AND CREATES INTERGENERATIONAL WEALTH FOR A MORE EQUITABLE SOCIETY. 3 3 18 306 0 0 5475823 4458317 62107 72414 7431 8481 53884 146 5599245 4539358 839406 772597 0 0 1538187 1333033 0 0 60230 1197412 1804206 3575005 3909836 2024240 629522 4931135 5501780 112180 53303 4818955 5448477 X THE MISSION IS TO CREATE ACCESS TO CAPITAL, CAPACITY BUILDING AND EDUCATION FOR UNDER RESOURCED ENTREPRENEURS THAT ENABLES BUSINESS SUSTAINABILITY AND CREATES INTERGENERATIONAL WEALTH FOR A MORE EQUITABLE SOCIETY. 0 0 2673108 772597 72560 TO PROVIDE UNDER RESOURCED ENTREPRENEURS WITH ACCESS TO COMMUNITY, EDUCATION AND LEADERSHIP DEVELOPMENT IN ORDER TO MEET BUSINESS MILESTONES THAT LEAD TO ECONOMIC SUCCESS THROUGH ENTREPRENEURSHIP. THE EMERGING LEADERSHIPS FELLOWSHIP (ELF) PROGRAM RECIEVED 381 APPLICATIONS, EXCEEDING ITS GOAL OF 250 BY 131. FROM THIS POOL, 40 APPLICANTS WERE SELECTED TO JOIN THE IMMERSIVE LEADERSHIP PROGRAM, WHICH CONCLUDED IN JUNE 2024. THE NEXTGEN SUMMER COHORT ALSO SAW STRONG ENGAGEMENT, ATTRACTING 183 APPLICATIONS FROM EXCEPTIONAL HBCU STUDENTS. OF THE APPLICATIONS SUBMITTED, 24 SCHOLARS WERE SELECTED TO PARTICIPATE, GAINING CRITICAL ENTREPRENEURIAL KNOWLEDGE AND SKILLS. THE HIGHLY ANTICIPATED BGV PITCH PROGRAM RECEIVED 539 APPLICATIONS ACROSS FOUR BGV ECOSYSTEMS: AUSTIN 5/3/24, CHICAGO 7/11/24, NEW YORK CITY 11/7/24, AND LOS ANGELES 12/5/24. A TOTAL OF 28 FOUNDERS WERE SELECTED TO PARTICIPATE IN THE COMPETITIONS WHERE THEY RECEIVED RESOURCES TO STRENGTHEN THEIR BUSINESS ACUMEN AND CAPITAL READINESS. IN EACH CITY, THE TOP THREEE FINALISTS RECEIVED A CUMULATIVE TOTAL OF $30K, ONE CROWD FAVORITE WAS AWARDED $2,500- TOTALING $10,000 ACROSS ALL CITIES. IN TOTAL, OVER $130K WAS DISTRIBUTED TO SUPPORT GROWING BUSINESSES. 2673108 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 166 0 1 18 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 X OMI BELL 5717717424 8647 RICHMOND HIGHWAY 649 ALEXANDRIA VA 22309 WILLIE WILLIAMS BOARD CHAIR 1.00 X X 0 0 0 ALEX NECKLES SECRETARY 1.00 X X 0 0 0 KRISTINA FRANCIS TREASURER 1.00 X X 0 0 0 SELVI CLARK OFFICER 1.00 X 0 0 0 NIKISHA CARPENTER OFFICER 1.00 X 0 0 0 OMI BELL CHIEF EXECUTIVE OFFICER 40.00 X 212070 0 7341 VANESSA MCDOWELL-ATLAS CHIEF OPERATING OFFICER 40.00 X 143429 0 5242 355499 0 12583 2 0 1 0 0 4458317 4458317 PITCH COMPETITIONS 900099 72414 72414 72414 8481 8481 OTHER REVENUE 900099 146 146 146 4539358 72560 0 8481 X 772597 772597 355499 266624 88875 840000 630000 210000 45145 33859 11286 92389 69292 23097 4443 4443 20664 20664 1155903 508093 587830 59980 41647 33163 8484 26080 11087 14993 48663 19200 29463 199087 197687 1400 670 670 8864 8864 DUES & SUBSCRIPTIONS 117360 117360 MEALS AND ENTERTAINMENT 84801 81335 3466 EVENT EXPENSES 50421 50171 250 TRAINING AND DEVELOPMEN 32419 32419 13184 13184 3909836 2673108 1176498 60230 2687258 3854977 2243877 1631785 15689 671 0 15018 4931135 5501780 112180 53303 112180 53303 X 2075078 3519191 2743877 1929286 4818955 5448477 4931135 5501780 629522 0 X X 0 1 X 1 0 X 3704666 3343394 4434818 5475823 4458317 21417018 72414 72414 398 398 3705064 3343394 4434818 5475823 4530731 21489830 0 0 0 21489830 7431 8481 15912 7431 8481 15912 115991 146 116137 3705064 3343394 4434818 5599245 4539358 21621879 0.99390 0.99290 0.00070 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15689 671 15018 15018 X 4539358 0 4539358 0 4539358 3909836 0 3909836 0 3909836 PART X, LINE 2: THE FOUNDATION'S EVALUATION AS OF DECEMBER 31, 2024 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2021 THROUGH 2023 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE FOUNDATION DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. 0 NEXTGEN AND EMERGING LEADERS GRANTS 320 772597 0 0 0 0 0 0 0 0 0 OMI BELL CHIEF EXECUTIVE OFFICER 212070 0 0 0 0 0 0 0 7341 0 219411 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL EXPENSES: PROGRAM SERVICE EXPENSES 497,357. MANAGEMENT AND GENERAL EXPENSES 539,830. FUNDRAISING EXPENSES 59,980. TOTAL EXPENSES 1,097,167. PROFESSIONAL MEMBERSHIPS: PROGRAM SERVICE EXPENSES 10,736. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,736. CFO SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 48,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED.