2024-11-15T16:28:04-06:00 2023-12-31 390974031 WEGNER CPAS LLP 419 N LEE ST ALEXANDRIA VA 223142301 990 2023-01-01 833133482 BELOVED COMMUNITY INCUBATOR INC BELO 2026671377 1226 VERMONT AVE NW WASHINGTON DC 20005 GEOFFREY GILBERT LEGAL AND TECHNICAL DIRECTOR 2026671377 2024-11-15 1 1 BRUCE MAYER CPA P00187180 7035190990 2024-11-15 2023 2024-10-15 13:58:12Z GEOFFREY GILBERT 1226 VERMONT AVE NW WASHINGTON DC 20005 1137098 0 X BELOVEDCOMMUNITYINCUBATOR.ORG X 2018 DC SUPPORT AND ORGANIZE RESOURCES FOR COMMUNITY-BASED COOPERATIVES AND COLLECTIVES IN DC METRO AREA 12 9 9 50 0 0 883033 1129011 1600 7744 141 343 1514 0 886288 1137098 25569 12350 0 0 367967 541259 0 0 25211 421725 488966 815261 1042575 71027 94523 209700 312692 1412 0 208288 312692 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 694250 12350 7744 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. IN ADDITION TO HIGH-TOUCH INCUBATION SUPPORT, WE PROVIDE TECHNICAL ASSISTANCE AND NON-EXTRACTIVE LENDING TO DC-AREA COOPERATIVES AND COLLECTIVES. WE ALSO ORGANIZE FOR WORKER POWER AND COLLECTIVE CONTROL OF RESOURCES IN DC THROUGH COMMUNITY ORGANIZING, BROAD-BASED CAMPAIGNS AND MUTUAL AID. 224173 0 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. 918423 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 14 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 9 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 BIANCA VAZQUEZ CO-PRESIDENT/PROGRAM DIRECTOR 40.00 X X 76931 0 5473 GEOFFREY GILBERT LEGAL AND TECHNICAL DIRECTOR 40.00 X X 77328 0 4916 MEGAN FELIX MACARAEG CO-PRESIDENT/ORGANIZING DIRECTOR 40.00 X X 81208 0 15312 QAADIR EL AMIN 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 NORMA CHAVEZ BOARD MEMBER 1.00 X 0 0 0 BENJI RIVERA BOARD MEMBER 1.00 X 0 0 0 MADHVI BAHL BOARD MEMBER 1.00 X 0 0 0 MEGHAN SOBOCIENSKI BOARD MEMBER 1.00 X 0 0 0 JOSH KING BOARD MEMBER 1.00 X 0 0 0 CALVIN JOHNSON BOARD MEMBER 1.00 X 0 0 0 235467 0 25701 0 0 0 0 0 1129011 1129011 MANAGEMENT CONSULTING 541610 7744 7744 7744 343 343 1137098 7744 0 343 X 4750 4750 7600 7600 261168 232351 16465 12352 104301 76067 23839 4395 38037 31475 5327 1235 137753 113360 17324 7069 250 250 228296 225378 2831 87 23500 8368 15093 39 1452 1104 318 30 105121 102441 2680 19209 18593 616 33669 26837 6832 1962 208 1750 4 MIGRANT SUPPORT PROJECT 52578 52578 PROGRAM SUPPLIES 12401 12401 DUES AND SUBSCRIPTIONS 7932 2366 5566 LOBBY DAY AND HEARING S 2596 2546 50 1042575 918423 98941 25211 209500 312692 200 209700 312692 1412 1412 0 X 207763 312167 525 525 208288 312692 209700 312692 94523 9881 0 X 0 0 0 X 387392 883033 1129011 2399436 387392 883033 1129011 2399436 119469 2279967 107 141 343 591 1514 1514 2401541 10944 0.94940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1270 17161 18431 1023948 1042379 179238 44810 0 0 147289 179238 326527 489791 24888 18431 43319 36822 44810 81632 122448 8500 1270 9770 1 MIGRANT SUPPORT 6 7600 PART I, LINE 2: BCI PROVIDED SMALL CASH GRANTS TO ASSIST MIGRANTS WITH RENT AND OTHER LIVING EXPENSES. 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 PARTNERSHIP WITH THE NATIONAL ORGANIZATION SEED COMMONS (DBA THE WORKING WORLD), WE LAUNCHED THE DC SOLIDARITY ECONOMY LOAND FUND, WHICH SOURCES NON-EXTRACTIVE LENDING TO LOCAL COOPERATIVES. SEED COMMONS IS THE LENDER OF RECORD FOR ALL TRANSACTIONS, WHILE BELOVED COMMUNITY INCUBATOR PROVIDES THE EDUCATION AND TECHNICAL ASSISTANCE FOR WORKER-COOPS TO BE READY TO ACCESS CAPITAL. 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 MIGRANT SUPPORT CONSULTANTS: PROGRAM SERVICE EXPENSES 98,160. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,160. COMMUNICATIONS CONSULTANTS: PROGRAM SERVICE EXPENSES 53,500. MANAGEMENT AND GENERAL EXPENSES 750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,250. COOP DEVELOPMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 35,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,000. INTERPRETER AND TRANSLATION: PROGRAM SERVICE EXPENSES 18,993. MANAGEMENT AND GENERAL EXPENSES 409. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,402. FACILITATION CONSULTANTS: PROGRAM SERVICE EXPENSES 16,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,200. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,525. MANAGEMENT AND GENERAL EXPENSES 1,672. FUNDRAISING EXPENSES 87. TOTAL EXPENSES 5,284.