Nonprofit · EIN 52-6053597
BLACK STUDENT FUND
Tax-exempt · WASHINGTON, DC 20010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $284,622 | $301,911 | -$17,289 | $48,328 | $35,880 | $12,448 |
| June 30, 2024 | 990 | $307,091 | $314,602 | -$7,511 | $51,018 | $165 | $50,853 |
| June 30, 2023 | 990 | $216,438 | $399,047 | -$182,609 | $45,372 | $675 | $44,697 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $225,373
- Program service revenue
- $58,661
- Investment income
- $588
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $17,180
- Compensation of officers, directors and key employees
- $61,000
- Other salaries and wages
- $95,062
- Salaries, compensation and benefits (total)
- $163,154
- Professional fundraising fees
- $0
- Occupancy
- $50,447
- Travel
- $300
- Program services (functional)
- $172,028
- Management and general (functional)
- $117,649
- Fundraising (functional)
- $12,234
Balance sheet and other
- Total assets, start of year
- $51,018
- Total assets, end of year
- $48,328
- Total liabilities, end of year
- $35,880
- Net assets, end of year
- $12,448
- Land, buildings and equipment
- $1,542
- Publicly traded securities
- $20,024
- Net assets without donor restrictions
- -$3,562
- Net assets with donor restrictions
- $16,010
- Gross receipts
- $284,622
- Employees
- 1
- Volunteers
- 14
- Year formed
- 1964
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leroy Nesbitt Jr | Executive Director Trustee or director, Officer | 64 | $61,000 |
| Joel Kanter | Board Chair Trustee or director | 5 | $0 |
| Mark D Schneider | Trustee Trustee or director | 1 | $0 |
| Olutosin Aje-Adegbite | Trustee Trustee or director | 1 | $0 |
| Adewale Omoniyi | Trustee Trustee or director | 0.5 | $0 |
| Breon N Wells | Trustee Trustee or director | 0.5 | $0 |
| Sean A Floyd | Trustee Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leroy Nesbitt Jr | Executive Director Trustee or director, Officer, Key employee | 60 | $50,250 |
| Joel Kanter | Board Chair Trustee or director | 5 | $0 |
| Mark D Schneider | Trustee Trustee or director | 5 | $0 |
| Dwight Franklin Jr | Trustee Trustee or director | 0 | $0 |
| Olutosin Aje-Adegbite | Trustee Trustee or director | 2 | $0 |
| Adewale Omoniyi | Trustee Trustee or director | 2 | $0 |
| Jeanie Carr | Trustee Trustee or director | 2 | $0 |
| Breon N Wells | Trustee Trustee or director | 2 | $0 |
| Sean A Floyd | Trustee Institutional trustee | 2 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leroy Nesbitt Jr | Executive Director Trustee or director, Officer, Key employee | 64 | $60,000 |
| Joel Kanter | Board Chair Trustee or director, Officer | 3 | $0 |
| Mark D Schneider | Trustee Trustee or director | 3 | $0 |
| Dwight Franklin Jr | Trustee Trustee or director | 3 | $0 |
| Olutosin Aje-Adegbite | Trustee Trustee or director | 3 | $0 |
| Sean A Floyd | Trustee Trustee or director | 3 | $0 |
| Adewale Omoniyi | Trustee Trustee or director | 3 | $0 |
| Jeanie Carr | Trustee Trustee or director | 3 | $0 |
| Breon N Wells | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3636 16TH STREET NW, WASHINGTON, DC 20010-1146
- In care of
- % THE BLACK STUDENT FUND
- Principal officer (990 for 2024)
- Leroy Nesbitt Jr, 2618 Northampton Street, Washington, DC 20010
- Signed the 990
- Leroy Nesbitt Jr, Executive Director
- Phone
- (202) 387-1414
- Website
- www.blackstudentfund.org
- Return prepared by
- Greg Billings Management Consulting
Mission
BSF is an educational equity organization advancing educational choice by affording underserved families access to independent schools and supporting their success. BSF has served tens of thousands of children; served more than seventy five BSF member schools K-12; and inspired replications across the Mid-Atlantic region. BSF is also a community resource collaborating with organizations advancing education.
Program accomplishments
- For more than fifty years, BSF has provided financial support for families at BSF Member Schools. BSF provides small tuition scholarships, funding for participation in summer and school year academic enrichment, youth development program/activities and BSF provides emergency and essential services financial support to BSF familiesExpenses $46,448 · grants $17,960
- The BSF/LSF Annual School Fair is a forum for Washington metropolitan area families to learn about independent school education and to engage students, teachers and administrators from more than 70 local and national independent schools and educational programs. This event also includes: workshops, chat rooms, recorded content and a digital resources library. The event served more than 1200 families and included more than 50 schools and educational organizationsExpenses $67,091
- BSF Science, Technology, Engineering & Math (STEM) is a focused academic enrichment effort of BSF. BSF STEM is a series of connected programs and activities providing students with introductory and advanced STEM learning. With an anchor in math and coding, BSF Scholars and Affiliates participate in yearlong out of school learning; tech skill development and STEM awareness eventsExpenses $41,287
- Provided cultural experiences including Juneteenth, Long Way Down, and the Higher GroundExpenses $17,202
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-6053597
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1964
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $48,328
- Income (IRS master file)
- $284,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $284,622 | $301,911 | $48,328 | XML |
| 990 | June 2024 | $307,091 | $314,602 | $51,018 | XML |
| 990 | June 2023 | $216,438 | $399,047 | $45,372 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-6053597).
Questions about BLACK STUDENT FUND
- What is the EIN of BLACK STUDENT FUND?
- The employer identification number (EIN) of BLACK STUDENT FUND is 52-6053597.
- Is BLACK STUDENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to BLACK STUDENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK STUDENT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BLACK STUDENT FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLACK STUDENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BLACK STUDENT FUND?
- The 990 for the year ended June 30, 2025 names Leroy Nesbitt Jr.
- Who are the officers and directors of BLACK STUDENT FUND?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $61,000 (Leroy Nesbitt Jr, Executive Director).
- How much revenue does BLACK STUDENT FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $284,622, expenses of $301,911 and total assets of $48,328 at year end.
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