Nonprofit · EIN 77-0698911
MBL FOUNDATION INC
Tax-exempt (reinstated) · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,231,756 | $2,004,043 | $227,713 | $1,619,474 | $924,777 | $694,697 |
| June 30, 2024 | 990 | $1,069,660 | $567,886 | $501,774 | $1,381,589 | $914,605 | $466,984 |
| June 30, 2023 | 990 | $969,223 | $376,163 | $593,060 | $1,000,747 | $194,607 | $806,140 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,062,882
- of which government grants
- $717,000
- Program service revenue
- $89,673
- Investment income
- $6,477
- Net income from fundraising events
- $22,296
- Other revenue
- $72,724
Expenses
- Grants and similar amounts paid
- $510,000
- Other salaries and wages
- $852,007
- Salaries, compensation and benefits (total)
- $937,444
- Professional fundraising fees
- $0
- Legal fees
- $46,600
- Accounting fees
- $42,895
- Occupancy
- $3,745
- Travel
- $15,399
- Program services (functional)
- $1,400,632
- Management and general (functional)
- $460,796
- Fundraising (functional)
- $142,615
Balance sheet and other
- Total assets, start of year
- $1,381,589
- Total assets, end of year
- $1,619,474
- Total liabilities, end of year
- $924,777
- Net assets, end of year
- $694,697
- Land, buildings and equipment
- $3,945
- Net assets without donor restrictions
- $272,317
- Net assets with donor restrictions
- $422,380
- Gross receipts
- $2,252,092
- Employees
- 17
- Volunteers
- 99
- Year formed
- 2007
- State of legal domicile
- VA
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 |
|---|---|---|---|
| NIKKOL LEWIS | CHAIR Trustee or director, Officer | 1.5 | $0 |
| KATHRYN DOLAN | VICE CHAIR Trustee or director, Officer | 1.5 | $0 |
| DAVID LEFEBVRE | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| SCOTTESSA HURTE | IMMEDIATE PA Trustee or director, Officer | 1.5 | $0 |
| TANYA BATTLE | DIRECTOR Trustee or director | 1.5 | $0 |
| WENDY BURCHARD | DIRECTOR Trustee or director | 1.5 | $0 |
| LISA D COLLINS | DIRECTOR Trustee or director | 1.5 | $0 |
| R MARK CROWE | DIRECTOR Trustee or director | 1.5 | $0 |
| ROBERT DORTCH JR | DIRECTOR Trustee or director | 1.5 | $0 |
| ELSA ESLVA-SMITH | DIRECTOR Trustee or director | 1.5 | $0 |
| CLAIRE GUTHRIE-GASTANAGA | DIRECTOR Trustee or director | 1.5 | $0 |
| GWEN HURT | DIRECTOR Trustee or director | 1.5 | $0 |
| ALFREDA JARRETT REYNOLDS | DIRECTOR Trustee or director | 1.5 | $0 |
| TONYA JOHNSON | DIRECTOR Trustee or director | 1.5 | $0 |
| KEVIN KENNY | DIRECTOR Trustee or director | 1.5 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAC LIVINGSTON | DIRECTOR Trustee or director | 1.5 | $0 |
| ANDREA LYONS | DIRECTOR Trustee or director | 1.5 | $0 |
| PATRICK MCFADDEN | DIRECTOR Trustee or director | 1.5 | $0 |
| BRANDON SHAW | DIRECTOR Trustee or director | 1.5 | $0 |
| SHERRY T WHITE LANDRUM | DIRECTOR Trustee or director | 1.5 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scottessa Hurte | Immediate Past Chair Trustee or director, Officer | 40 | $0 |
| Nickkol Lewis | Chair Trustee or director, Officer | 1.5 | $0 |
| Chris Layne | Treasurer Trustee or director, Officer | 1.5 | $0 |
| David LeFebvre | Secretary Trustee or director, Officer | 1.5 | $0 |
| Brittany Rawlinson | Vice Secretary Trustee or director | 1.5 | $0 |
| Jeff Conley | Director Trustee or director | 1.5 | $0 |
| William Carter | Director Trustee or director | 1.5 | $0 |
| Greg Hofbauer | Director Trustee or director | 1.5 | $0 |
| Kevin Kenny | Director Trustee or director | 1.5 | $0 |
| Floyd E Miller II | President & CEO Trustee or director, Key employee | 40 | $0 |
| Tanya Battle | Director Trustee or director | 1.5 | $0 |
| Kathryn Dolan | Vice Chair Trustee or director | 1.5 | $0 |
| Patrick McFadden | Director Trustee or director | 1.5 | $0 |
| Lisa Speller | Director Trustee or director | 1.5 | $0 |
| Mac Livingston | Director Trustee or director | 1.5 | $0 |
| Wendy Burchard | Director Trustee or director | 1.5 | $0 |
| Andrea Lyons | Director Trustee or director | 1.5 | $0 |
| Robert Dortch Jr | Director Trustee or director | 1.5 | $0 |
| Sherry T White Landrum | Director Trustee or director | 1.5 | $0 |
| Lisa D Collins | Director Trustee or director | 1.5 | $0 |
| Elsa Eslava-Smith | Director Trustee or director | 1.5 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scottessa Hurte | Board Chair Trustee or director, Officer | 40 | $0 |
| Nickkol Lewis | Vice Chair Trustee or director, Officer | 1.5 | $0 |
| Chris Layne | Treasurer Trustee or director, Officer | 1.5 | $0 |
| David LeFebvre | Secretary Trustee or director, Officer | 1.5 | $0 |
| Brittany Rawlinson | Vice Secretary Trustee or director | 1.5 | $0 |
| Gagan Marwaha | Director Trustee or director | 1.5 | $0 |
| Sharon Dabney-Wooldridge | Director Trustee or director | 1.5 | $0 |
| Connie Hom | Director Trustee or director | 1.5 | $0 |
| Jeff Conley | Director Trustee or director | 1.5 | $0 |
| William Carter | Director Trustee or director | 1.5 | $0 |
| Greg Hofbauer | Director Trustee or director | 1.5 | $0 |
| Kevin Kenny | Director Trustee or director | 1.5 | $0 |
| Floyd E Miller | President Trustee or director, Key employee | 40 | $0 |
| Tanya Battle | Director Trustee or director | 1.5 | $0 |
| Kathryn Dolan | Director Trustee or director | 1.5 | $0 |
| Patrick McFadden | Director Trustee or director | 1.5 | $0 |
| Lisa Speller | Director Trustee or director | 1.5 | $0 |
| Mac Livingston | Director Trustee or director | 1.5 | $0 |
| Wendy Burchard | Director Trustee or director | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 115 E MARSHALL ST, RICHMOND, VA 23219-1745
- In care of
- % OLIVER SINGLETON
- Mailing address (990-N for 2016)
- P O Box 26751, Richmond VA 23261
- Principal officer (990 for 2024)
- FLOYD E MILLER II, 1717 E CARY STREET, RICHMOND, VA 23223
- Principal officer (990-N for 2016)
- Floyd Miller, P O Box 26751, Richmond VA 23261
- Signed the 990
- FLOYD E MILLER II, EXECUTIVE DIRECTOR
- Phone
- (804) 649-7473
- Return prepared by
- HARRIS HARDY & JOHNSTONE PC
Mission
WE EMPOWER BUSINESSES AND PROFESSIONALS TO BE SUCCESSFUL.
Program accomplishments
- SIGNATURE EVENTS - INCLUDES EVENTS SUCH AS MBL ANNUAL AWARDS RECEPTION, INCREDIBLE MEN'S BREAKFAST, SAM YOUNH, SR. GOLF TOURNAMENT, RVA LINKUP EXPO, WOMEN IN CONSTRUCTION, & WOMEN WHO MEAN BUSINESS.Expenses $157,960 · revenue $50,479
- MBL YOUTH ACTIVITIES - INCLUDES EVENTS SUCH AS BOYS N BUSINESS, BOYS N CONSTRUCTION, ENTREPRENUERSHIP TOUR STOP, GIRLS WHO MEAN BUSINESS, KIDZ N BIZ, MBL JR. ENTREPRENEUR CLUB, REMARKABLE GIRL'S LUNCHEON, SHARK TANK KIDZ-N-BIZ, SHARK TANK TEENS WHO MEAN BUSINESS, TEENS WHO MEAN BUSINESS, YOUTH N CONSTRUCTION, & RICHMOND CHILDREN'S BUSINESS FAIR.Expenses $52,819
- MBL EDUCATION/ TRANINING & SMALL BUSINESS GRANT/OTHER BUSINESS EXPENSES - INCLUDES EVENTS SUCH AS COFFEE & CONVERSATIONS, ENTREPRENEURSHIP - ABILITIIES, ENTREPRENUERSHIP SERIES, KAUFFMAN FASTTRAC INSTITUTE, REMARKABLE WOMEN'S LUNCHEON, & VETERAN'S ENTREPRENEURSHIP.Expenses $30,889 · revenue $39,194
- OTHER MEMBER EVENTS - INCLUDES EVENTS SUCH AS EMPOWER HOUR, MEMBERSHARE, MONTHLY RECHARGE MEETINGS, SUMMER HAPPY HOUR, & TOWN HALL.Expenses $1,158,964 · grants $510,000
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
- 77-0698911
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,619,474
- Income (IRS master file)
- $2,252,092
Revocation and reinstatement
- Exemption revoked
- November 15, 2011
- Posted by the IRS
- August 13, 2012
- Reinstated
- Effective December 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,231,756 | $2,004,043 | $1,619,474 | IRS |
| 990 | June 2024 | $1,069,660 | $567,886 | $1,381,589 | IRS |
| 990 | June 2023 | $969,223 | $376,163 | $1,000,747 | XML |
| 990 | June 2022 | $1,458,044 | $707,031 | $1,204,782 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Floyd Miller | June 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 77-0698911).
Questions about MBL FOUNDATION INC
- What is the EIN of MBL FOUNDATION INC?
- The employer identification number (EIN) of MBL FOUNDATION INC is 77-0698911.
- Is MBL FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2011 and reinstated it effective December 15, 2012.
- Are donations to MBL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MBL FOUNDATION INC 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 MBL FOUNDATION INC 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 MBL FOUNDATION INC 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 MBL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names FLOYD E MILLER II.
- Who are the officers and directors of MBL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does MBL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,231,756, expenses of $2,004,043 and total assets of $1,619,474 at year end.
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