2024-02-28T16:35:53-06:00 2023-06-30 953309779 GURSEY SCHNEIDER LLP 16633 VENTURA BLVD SUITE 1320 ENCINO CA 91436 990 2022-07-01 863846215 HBCU FOUNDERS INITIATIVE HBCU 8778295500 325 PACIFIC AVENUE SAN FRANCISCO CA 94111 KIP QUACKENBUSH TREASURER 8778295500 2024-02-21 1 KIP QUACKENBUSH 999009999 0 BEN HOY P01237140 3105520960 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KIP QUACKENBUSH 325 PACIFIC AVENUE SAN FRANCISCO CA 94111 1175500 0 X HTTPS://WWW.HBCUFI.ORG/ X 2021 CA THE CORPORATION IS ORGANIZED AND OPERATED FOR CHARITABLE AND EDUCATIONAL PURPOSES AT HBCUS. 7 7 0 0 0 0 725000 1175500 0 0 0 0 0 0 725000 1175500 122500 95000 0 0 0 76440 0 0 0 596837 1001530 719337 1172970 5663 2530 6163 8693 500 500 5663 8193 THE CORPORATION IS ORGANIZED AND OPERATED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING WITHOUT LIMITATION, INSPIRING AND SUPPORTING WOMEN AND MINORITIES TO PURSUE ENTREPRENEURSHIP 0 0 1063511 95000 THE PRE-ACCELERATOR PROGRAM IS AN 8-WEEK EDUCATIONAL PROGRAM DESIGNED FOR EARLY-STAGE FOUNDERS WHO ARE PAST THE IDEA STAGE OF THEIR STARTUP AND READY TO VALIDATE A PROBLEM AND BUILD A MINIMUM VIABLE PRODUCT. THE CORPORATION IS DEDICATED TO ENGAGING RISING STUDENTS AND ALUMNI ACROSS ALL HBCUS WHO ARE INTERESTED IN DEVELOPING SOLUTIONS THAT CLOSE THE RACIAL "WEALTH GAP AND RELATED INEQUALITIES IN THE UNITED STATES, SUCH AS ACCESS TO HEALTHCARE, EDUCATION, AND FINANCIAL SERVICES. ACCORDINGLY, PARTICIPATION IS OPEN TO ALL RISING STUDENTS AND RECENT GRADUATES OF HBCUS AND THE OBJECTIVE IS TO MAXIMIZE THE AVAILABILITY OF THE PROGRAM. THE PRE-ACCELERATOR PROGRAM CURRICULUM IS OPEN-SOURCE AND THE SESSIONS ARE AVAILABLE FREE OF CHARGE TO PROGRAM PARTICIPANTS. 1063511 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 1 1 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 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X MARLON EVANS 8778295500 325 PACIFIC AVENUE SAN FRANCISCO CA 94111 X MARLON EVANS PRESIDENT 1.00 X X 0 0 0 KIP QUACKENBUSH TREASURER 1.00 X X 0 0 0 ANDRE KIRWAN SECRETARY 1.00 X X 0 0 0 KELSEY MORGAN PASQUALICHIO DIRECTOR 1.00 X 0 0 0 SHELLEY ARAKAWA DIRECTOR 1.00 X 0 0 0 MARCELA RUIZ DIRECTOR 1.00 X 0 0 0 JARRID WHITNEY DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1175500 1175500 1175500 0 0 0 X 70000 70000 25000 25000 76440 76440 7363 7363 4190 4190 962738 958360 4378 10151 10151 631 631 13600 13600 2857 2857 1172970 1063511 109459 0 6163 6653 0 2040 6163 8693 500 500 500 500 X 0 0 0 0 5663 8193 5663 8193 6163 8693 2530 0 X 0 0 0 X 725000 1175500 1900500 725000 1175500 1900500 0 0 0 1900500 725000 1175500 1900500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PREPAID INSURANCE 2040 2040 DUE TO NEX CUBED, LLC 500 500 0 MORGAN STATE UNIVERSITY 1700 EAST COLD SPRING LANE BALTIMORE MD 21251 10000 0 BOOK TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. ELIZABETH CITY STATE UNIVERSITY 1704 WEEKSVILLE RD ELIZABETH CITY NC 27909 10000 0 BOOK TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS NORTH CAROLINA AT&T UNIVERSITY 1601 E MARKET ST GREENSBORO NC 27411 10000 0 BOOK TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS OAKWOOD UNIVERSITY 7000 ADVENTIST BLVD NW HUNTSVILLE AL 35896 10000 0 BOOK TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. PRAIRIE VIEW A&M UNIVERSITY 700 UNIVERSITY DRIVE PRAIRIE VIEW TX 77446 10000 0 BOOK TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. SPELMAN COLLEGE 350 SPELMAN LN SW ATLANTA GA 30314 10000 0 BOOK TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. BOWIE STATE UNIVERSITY 14000 JERICHO PARK RD BOWIE MD 20715 10000 0 BOOK TO DIRECTLY FOSTER INNOVATION AND ENTREPRENEURSHIP ON CAMPUS. CASH 3 25000 BOOK FORM 990, PART VI, SECTION A, LINE 2 MR. EVANS (PRESIDENT AND DIRECTOR) AND MR. QUACKENBUSH (TREASURER AND DIRECTOR) ARE BUSINESS ASSOCIATES AT NEX CUBED, LLC. THIS BUSINESS RELATIONSHIP HAS BEEN FULLY DISCLOSED VIA A WRITTEN CONFLICT OF INTEREST POLICY AND HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THIS FORM 990 WAS DISSEMINATED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. DISCUSSION AND APPROVAL WAS MADE DURING A BOARD OF DIRECTORS MEETING HELD ON FEBRUARY 1, 2024 FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ROUTINELY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY CONDUCTING QUARTERLY REVIEWS WITH THE ORGANIZATION'S LEGAL COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 N/A FORM 990, PART IX, LINE 11G BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 835. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 835. DUES AND SUBSCRIPTION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,513. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,513. FELLOW SERVICES: PROGRAM SERVICE EXPENSES 3,360. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,360. LICENSE AND PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30. HBCU PROGRAM AND CAMPUS IMPLEMENTATION SERVICE COST: PROGRAM SERVICE EXPENSES 955,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 955,000.