Nonprofit · EIN 86-3846215
HBCU FOUNDERS INITIATIVE
Tax-exempt · SAN FRANCISCO, CA 94111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,336,210 | $1,232,813 | $103,397 | $196,945 | $0 | $196,945 |
| June 30, 2024 | 990 | $1,902,801 | $1,817,446 | $85,355 | $204,359 | $110,811 | $93,548 |
| June 30, 2023 | 990 | $1,175,500 | $1,172,970 | $2,530 | $8,693 | $500 | $8,193 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,336,210
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $177,855
- Other salaries and wages
- $192,812
- Salaries, compensation and benefits (total)
- $192,812
- Professional fundraising fees
- $0
- Accounting fees
- $20,844
- Travel
- $24,157
- Program services (functional)
- $977,046
- Management and general (functional)
- $255,767
Balance sheet and other
- Total assets, start of year
- $204,359
- Total assets, end of year
- $196,945
- Total liabilities, end of year
- $0
- Net assets, end of year
- $196,945
- Gross receipts
- $1,336,210
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARLON EVANS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KIP QUACKENBUSH | TREASURER Trustee or director, Officer | 1 | $0 |
| ANDRE KIRWAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| KELSEY MORGAN PASQUALICHIO | DIRECTOR Trustee or director | 1 | $0 |
| SHELLEY ARAKAWA | DIRECTOR Trustee or director | 1 | $0 |
| MARCELA RUIZ | DIRECTOR Trustee or director | 1 | $0 |
| JARRID WHITNEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARLON EVANS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KIP QUACKENBUSH | TREASURER Trustee or director, Officer | 1 | $0 |
| ANDRE KIRWAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| KELSEY MORGAN PASQUALICHIO | DIRECTOR Trustee or director | 1 | $0 |
| SHELLEY ARAKAWA | DIRECTOR Trustee or director | 1 | $0 |
| MARCELA RUIZ | DIRECTOR Trustee or director | 1 | $0 |
| JARRID WHITNEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARLON EVANS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KIP QUACKENBUSH | TREASURER Trustee or director, Officer | 1 | $0 |
| ANDRE KIRWAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| KELSEY MORGAN PASQUALICHIO | DIRECTOR Trustee or director | 1 | $0 |
| SHELLEY ARAKAWA | DIRECTOR Trustee or director | 1 | $0 |
| MARCELA RUIZ | DIRECTOR Trustee or director | 1 | $0 |
| JARRID WHITNEY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 325 PACIFIC AVENUE, SAN FRANCISCO, CA 94111-1720
- Principal officer (990 for 2024)
- MARLON EVANS, 325 PACIFIC AVENUE, SAN FRANCISCO, CA 94111
- Signed the 990
- MARLON EVANS, PRESIDENT
- Phone
- (877) 829-5500
- Website
- HTTPS://WWW.HBCUFI.ORG/
- Return prepared by
- GURSEY SCHNEIDER LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 86-3846215 or by the name HBCU FOUNDERS INITIATIVE.
- 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
THE CORPORATION IS ORGANIZED AND OPERATED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING WITHOUT LIMITATION, INSPIRING AND SUPPORTING WOMEN AND MINORITIES TO PURSUE ENTREPRENEURSHIP
Program accomplishments
- 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.Expenses $977,046 · grants $177,855
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
- 86-3846215
- 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
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $196,945
- Income (IRS master file)
- $1,336,210
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,336,210 | $1,232,813 | $196,945 | IRS |
| 990 | June 2024 | $1,902,801 | $1,817,446 | $204,359 | IRS |
| 990 | June 2023 | $1,175,500 | $1,172,970 | $8,693 | XML |
| 990 | June 2022 | $725,000 | $719,337 | $6,163 | 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 86-3846215).
Questions about HBCU FOUNDERS INITIATIVE
- What is the EIN of HBCU FOUNDERS INITIATIVE?
- The employer identification number (EIN) of HBCU FOUNDERS INITIATIVE is 86-3846215.
- Is HBCU FOUNDERS INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to HBCU FOUNDERS INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HBCU FOUNDERS INITIATIVE 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 HBCU FOUNDERS INITIATIVE 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 HBCU FOUNDERS INITIATIVE 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 HBCU FOUNDERS INITIATIVE?
- The 990 for the year ended June 30, 2025 names MARLON EVANS.
- Who are the officers and directors of HBCU FOUNDERS INITIATIVE?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does HBCU FOUNDERS INITIATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,336,210, expenses of $1,232,813 and total assets of $196,945 at year end.
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All nonprofits in SAN FRANCISCO · California · Community improvement and capacity building