Nonprofit · EIN 85-2793701
SF BLACK WALL STREET FOUNDATION
Tax-exempt · SAN FRANCISCO, CA 94124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,243,385 | $1,418,299 | -$174,914 | $191,639 | $62,522 | $129,117 |
| December 31, 2023 | 990 | $1,168,123 | $1,083,818 | $84,305 | $371,016 | $66,985 | $304,031 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,189,889
- of which government grants
- $914,425
- Program service revenue
- $53,496
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $360,000
- Compensation of officers, directors and key employees
- $246,610
- Other salaries and wages
- $49,620
- Salaries, compensation and benefits (total)
- $320,902
- Professional fundraising fees
- $0
- Accounting fees
- $127,870
- Occupancy
- $18,024
- Travel
- $204
- Program services (functional)
- $1,099,055
- Management and general (functional)
- $304,244
- Fundraising (functional)
- $15,000
Balance sheet and other
- Total assets, start of year
- $371,016
- Total assets, end of year
- $191,639
- Total liabilities, end of year
- $62,522
- Net assets, end of year
- $129,117
- Net assets without donor restrictions
- $129,117
- Gross receipts
- $1,243,385
- Employees
- 4
- Volunteers
- 3
- 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 |
|---|---|---|---|---|
| GWENDOLYN BROWN | EXECUTIVE DIRECTOR Officer | 40 | $148,741 | $8,984 |
| TINISCH HOLLINS | EXECUTIVE DIRECTOR Officer | 40 | $74,992 | $7,893 |
| GEOFFREA MORRIS | PRESIDENT (LEFT AUGUST 2024) Trustee or director, Officer | 8 | $6,000 | $0 |
| ERIC MCDONNELL | PRESIDENT Trustee or director, Officer | 8 | $0 | $0 |
| MICHAEL MCBRIDE | TREASURER Trustee or director, Officer | 8 | $0 | $0 |
| KENYA BODDIE | SECRETARY Trustee or director, Officer | 8 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TINISCH HOLLINS | EXECUTIVE DIRECTOR Officer | 40 | $108,026 | $1,413 |
| GWENDOLYN BROWN | EXECUTIVE DIRECTOR Officer | 40 | $75,020 | $1,316 |
| GEOFFREA MORRIS | PRESIDENT Trustee or director, Officer | 8 | $8,250 | $0 |
| ERIC MCDONNELL | TREASURER Trustee or director, Officer | 8 | $0 | $0 |
| MICHAEL MCBRIDE | SECRETARY Trustee or director, Officer | 8 | $0 | $0 |
| KENYA BODDIE | MEMBER Trustee or director | 8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 744 INNES AVE, SAN FRANCISCO, CA 94124-2901
- In care of
- % SF BLACK WALL STREET FOUNDATION
- Principal officer (990 for 2024)
- GWENDOLYN BROWN, 744 INNES AVENUE, SAN FRANCISCO, CA 94124
- Signed the 990
- GWENDOLYN BROWN, EXECUTIVE DIRECTOR
- Phone
- (415) 796-3445
- Website
- WWW.SFBWSFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-2793701 or by the name SF BLACK WALL STREET FOUNDATION.
- 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
SF BLACK WALL STREET WAS FOUNDED IN JUNE 2020 BY A GROUP OF SEVEN BLACK SAN FRANCISCO NATIVES IN RESPONSE TO THE DEVASTATING IMPACT OF COVID-19 AND ANTI-BLACK RACISM ON BLACK BUSINESS, CULTURAL SPACE, AND STAKEHOLDERSHIP. WE ARE A NETWORK OF COMMUNITY SERVANTS, PROFESSIONALS, AND CULTURAL INFLUENCERS WHO ARE COMMITTED TO BLACK SOVEREIGNTY.
Program accomplishments
- BLACK MILLIONAIRE DEVELOPMENT PROGRAM: THE PROGRAM AIMS TO INCREASE THE NUMBER OF BLACK MICROBUSINESSES AND NON-TRADITIONAL BUSINESS OWNERS IN THE SAN FRANCISCO COMMUNITY. IT SEEKS TO STABILIZE EXISTING MICROBUSINESSES, CONNECT BUSINESS OWNERS WITH SERVICE PROVIDERS, AND ENHANCE NETWORKING AND SUPPORT AMONG PARTICIPATING ENTREPRENEURS. IN 2024, BMDP HAS PROVIDED OVER $352,000 IN MINI-GRANT INVESTMENTS AND HAS HAD 32 SUCCESSFUL GRADUATES, INCLUDING WOMEN, MEN, AND YOUNG ADULTS. THESE BMDP GRADUATES CONTINUE TO BE PART OF THE SFBWS NETWORK.Expenses $537,573 · grants $352,000 · revenue $53,496
- JUNETEENTH: THE EVENT CONTINUES A 70-YEAR TRADITION OF JUNETEENTH CELEBRATIONS THAT HONOUR BLACK CULTURE AND FREEDOM IN SAN FRANCISCO. IT WILL FEATURE LIVE MUSIC, COMMUNITY WORKSHOPS, AND CULINARY EXPERIENCES, ATTRACTING BOTH LOCALS AND TOURISTS TO APPRECIATE THE RICH DIVERSITY OF BLACK CULTURE IN THE CITY. THIS MILESTONE CELEBRATION AIMS TO FURTHER ESTABLISH JUNETEENTH AS A CULTURAL AND ECONOMIC ANCHOR FOR BLACK-LED REVITALIZATION EFFORTS IN SAN FRANCISCO.Expenses $444,289
- HUMAN RIGHTS COMMISSION: BEGINNING IN SEPTEMBER 2022, THE DREAM KEEPER INITIATIVE (DKI) SPENT THE MONTHS OF OCTOBER TO DECEMBER ESTABLISHING ITS CURRICULUM, BRINGING IN CONSULTANTS, CREATING A SERVICE MENU, AND IDENTIFYING BUSINESSES ELIGIBLE FOR MASTER CLASSES. IN 2024, FOUR SMALL BUSINESSES WERE SELECTED, AND DKI DESIGNED MASTER CLASSES TO HELP THESE BUSINESSES SCALE THEIR OPERATIONS. THE PROGRAM FOCUSED ON ADDRESSING COMPLIANCE ISSUES AND IMPROVING INFRASTRUCTURE AND ADMINISTRATIVE SYSTEMS THROUGH ONE-ON-ONE PROFESSIONAL COACHING.Expenses $95,903 · grants $8,000
- THE BAYVIEW NIGHT MARKET AIMS TO CREATE A VIBRANT, INCLUSIVE COMMUNITY EVENT THAT CELEBRATES LOCAL CULTURE, SUPPORTS SMALL AND MICRO BUSINESSES, AND ENGAGES RESIDENTS AND VISITORS ALIKE. LOCATED IN THE HEART OF BAYVIEW, THE MARKET WILL FEATURE A DIVERSE ARRAY OF VENDORS OFFERING ARTISANAL GOODS, CULINARY DELIGHTS, AND UNIQUE EXPERIENCES.Expenses $21,290
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
- 85-2793701
- 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
- Assets (IRS master file)
- $191,639
- Income (IRS master file)
- $1,243,385
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,243,385 | $1,418,299 | $191,639 | XML |
| 990 | December 2023 | $1,168,123 | $1,083,818 | $371,016 | XML |
| 990 | December 2022 | $938,979 | $778,181 | $243,961 | IRS |
| 990-EZ | December 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 85-2793701).
Questions about SF BLACK WALL STREET FOUNDATION
- What is the EIN of SF BLACK WALL STREET FOUNDATION?
- The employer identification number (EIN) of SF BLACK WALL STREET FOUNDATION is 85-2793701.
- Is SF BLACK WALL STREET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to SF BLACK WALL STREET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SF BLACK WALL STREET FOUNDATION 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 SF BLACK WALL STREET FOUNDATION 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 SF BLACK WALL STREET FOUNDATION 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 SF BLACK WALL STREET FOUNDATION?
- The 990 for the year ended December 31, 2024 names GWENDOLYN BROWN.
- Who are the officers and directors of SF BLACK WALL STREET FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $148,741 (GWENDOLYN BROWN, EXECUTIVE DIRECTOR).
- How much revenue does SF BLACK WALL STREET FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,243,385, expenses of $1,418,299 and total assets of $191,639 at year end.
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