Nonprofit · EIN 84-4735516
BLCK VC
Tax-exempt · PALO ALTO, CA 94301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $2,103,398 | $2,287,914 | -$184,516 | $1,762,040 | $1,206,705 | $555,335 |
| December 31, 2023 | 990 | $1,118,725 | $1,333,765 | -$215,040 | $945,713 | $205,862 | $739,851 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $272,456
- Program service revenue
- $1,830,077
- Investment income
- $0
- Other revenue
- $865
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $184,904
- Other salaries and wages
- $464,689
- Salaries, compensation and benefits (total)
- $769,799
- Professional fundraising fees
- $0
- Accounting fees
- $53,150
- Travel
- $139,398
- Program services (functional)
- $1,115,234
- Management and general (functional)
- $1,172,680
Balance sheet and other
- Total assets, start of year
- $945,713
- Total assets, end of year
- $1,762,040
- Total liabilities, end of year
- $1,206,705
- Net assets, end of year
- $555,335
- Land, buildings and equipment
- $1,425
- Net assets without donor restrictions
- $430,335
- Net assets with donor restrictions
- $125,000
- Gross receipts
- $2,103,398
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- CA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT LEE GORDON IV | CHIEF EXECUTIVE OFFICER Officer | 40 | $178,162 | $6,742 |
| KAREEMA THOMAS | Chief Strategy Officer Highest-paid employee | 40 | $126,809 | $3,496 |
| WARSAME AYAN | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $104,965 | $2,699 |
| OKORIE CHIDIMA | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $100,477 | $5,202 |
| Groce Frederik | Co-Founder and Board Co-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Sykes Sydney | Co-Founder and Board Co-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Cummings Jackson | Board Member Trustee or director | 1 | $0 | $0 |
| Asem Mike | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WARSAME AYAN | CHIEF OPERATING OFFICER Officer | 40 | $149,757 | $7,237 |
| OKORIE CHIDMA | PROGRAM OFFICER Highest-paid employee | 40 | $104,761 | $8,437 |
| ROBERT LEE GORDON IV | CHIEF EXECUTIVE OFFICER Officer | 40 | $68,311 | $2,641 |
| YOUSIF SAMER | INTERIM CEO (FORMER) Officer | 40 | $60,280 | $1,148 |
| McLauglin Amanda Victoria Bynum | CHIEF EXECUTIVE OFF (formeR) Officer | 40 | $10,000 | $0 |
| Groce Frederik | Co-Founder and Board Co-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Sykes Sydney | Co-Founder and Board Co-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Cummings Jackson | Board Member Trustee or director | 1 | $0 | $0 |
| Asem Mike | Board Member Trustee or director | 1 | $0 | $0 |
| LYNCH ANITA | BOARD MEMBER (FORMER) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 855 EL CAMINO REAL STE 13A PMB 401, PALO ALTO, CA 94301-2326
- In care of
- % SIMONE KNIGHT
- Principal officer (990 for 2024)
- SYDNEY SYKES, 2021 Fillmore St PMB2147, San Francisco, CA 94115
- Signed the 990
- SYDNEY SYKES, CO-CHAIR
- Phone
- (877) 829-5500
- Website
- BLCKVC.ORG
- Return prepared by
- MILLER KAPLAN ARASE LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-4735516 or by the name BLCK VC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO CONNECT, ENGAGE, EMPOWER AND ADVANCE BLACK VENTURE INVESTORS.
Program accomplishments
- SUPPORT BLACK INVESTORS WITH THE ACCESS, EDUCATION AND COMMUNITY NEEDED TO ACCELERATE THEIR CAREERS IN VENTURE CAPITAL.Expenses $1,115,234 · revenue $2,149,533
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-4735516
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R99)
- Assets (IRS master file)
- $1,762,040
- Income (IRS master file)
- $2,103,398
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,103,398 | $2,287,914 | $1,762,040 | XML |
| 990 | December 2023 | $1,118,725 | $1,333,765 | $945,713 | XML |
| 990 | December 2022 | $1,934,441 | $1,872,678 | $1,725,310 | 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 84-4735516).
Questions about BLCK VC
- What is the EIN of BLCK VC?
- The employer identification number (EIN) of BLCK VC is 84-4735516.
- Is BLCK VC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to BLCK VC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLCK VC 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 BLCK VC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLCK VC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BLCK VC?
- The 990 for the year ended December 31, 2024 names SYDNEY SYKES.
- Who are the officers and directors of BLCK VC?
- The 990 for the year ended December 31, 2024 lists 8 people; 4 received compensation from the organization, the highest $178,162 (ROBERT LEE GORDON IV, CHIEF EXECUTIVE OFFICER).
- How much revenue does BLCK VC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,103,398, expenses of $2,287,914 and total assets of $1,762,040 at year end.
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