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Nonprofit · EIN 87-1392944

BARRED BUSINESS FOUNDATION CO

Tax-exempt · ELLENWOOD, GA 30294

Financials

$1.5M$931K2023$2.1M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of BARRED BUSINESS FOUNDATION CO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,097,561$1,319,280$778,281$2,242,078$610,013$1,632,065
December 31, 2023990$1,535,606$931,454$604,152$1,580,474$726,690$853,784
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,090,273
Program service revenue
$0
Investment income
$7,288
Other revenue
$0

Expenses

Grants and similar amounts paid
$82,371
Compensation of officers, directors and key employees
$291,782
Other salaries and wages
$186,323
Salaries, compensation and benefits (total)
$551,507
Professional fundraising fees
$50,275
Accounting fees
$28,250
Occupancy
$56,715
Travel
$140,820
Program services (functional)
$908,778
Management and general (functional)
$270,679
Fundraising (functional)
$139,823

Balance sheet and other

Total assets, start of year
$1,580,474
Total assets, end of year
$2,242,078
Total liabilities, end of year
$610,013
Net assets, end of year
$1,632,065
Net assets without donor restrictions
$1,632,065
Gross receipts
$2,097,561
Employees
6
Volunteers
120
Year formed
2021
State of legal domicile
GA

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.

NameTitleHours / weekCompensation
Bridgette SimpsonExecutive Dir.
Trustee or director, Officer
60$194,751
Denise RubenCOO
Trustee or director, Officer
40$97,030
Matthew GreenSecretary
Trustee or director, Officer
5$0
Dawn HarringtonDirector
Trustee or director
1$0
Jacqueline WorrellPresident
Trustee or director, Officer
1$0
Kwame TeagueVice President
Trustee or director, Officer
1$0
Sekwan MerrittDirector
Trustee or director
1$0
Micah HerskindDirector
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Denise RubenCFO
Officer
40$77,560
Bridgette SimpsonCEO
Officer
40$60,233
Matthew GreenSecretary
Trustee or director
5$0
Marcus WilsonTreasurer
Trustee or director
3$0
Tiffany KirkDirector
Trustee or director
1$0
Dawn HarringtonDirector
Trustee or director
1$0
Dean SteedDirector
Trustee or director
1$0
Jacqueline WorrellDirector
Trustee or director
1$0
Kwame TeagueDirector
Trustee or director
1$0
Sekwan MerrittDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
4217 VIEWPOINT TRL, ELLENWOOD, GA 30294-6300
Principal officer (990 for 2024)
Bridgette Simpson, 4217 Viewpoint Trail, Ellenwood, GA 30294
Signed the 990
Bridgette Simpson, Executive Director
Phone
(947) 366-4535
Return prepared by
PaperBox LLC

Mission

Help formerly incarcerated people who are disproportionately affected by the US legal system.

990 for the year ended December 31, 2024

Program accomplishments

  • Outreach to Atlanta formerly incarcerated community, canvassing training, and voter registration and mobilization. Campaign to add formerly incarcerated people to the list of legally protected classes in Georgia and the creation of a Protected Class Network with groups in other cities that organize to pass ordinances.
    Expenses $639,924 · grants $14,378
  • Bail out black mothers with the National Bailout Collective and provide post-release support through our residential gender-responsive, LGBTQIA+-positive re-entry program designed specifically by and for previously incarcerated Black women.
    Expenses $155,007 · grants $2,721
  • In response to the pressing needs of justice-impacted individuals, our organization established the We Got Us fund to provide financial support and resources to those affected by the justice system. Recognizing the significant barriers these individuals face, such as difficulties in securing employment and housing, this fund aims to alleviate financial hardships and support successful reintegration into society.
    Expenses $64,858 · grants $30,561
  • Expenses $48,989

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-1392944
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)
Human services (P50)
Assets (IRS master file)
$2,242,078
Income (IRS master file)
$2,097,561

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,097,561$1,319,280$2,242,078XML
990December 2023$1,535,606$931,454$1,580,474XML
990December 2022$628,930$379,298$605,012IRS

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 87-1392944).

Questions about BARRED BUSINESS FOUNDATION CO

What is the EIN of BARRED BUSINESS FOUNDATION CO?
The employer identification number (EIN) of BARRED BUSINESS FOUNDATION CO is 87-1392944.
Is BARRED BUSINESS FOUNDATION CO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to BARRED BUSINESS FOUNDATION CO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BARRED BUSINESS FOUNDATION CO 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 BARRED BUSINESS FOUNDATION CO 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 BARRED BUSINESS FOUNDATION CO 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 BARRED BUSINESS FOUNDATION CO?
The 990 for the year ended December 31, 2024 names Bridgette Simpson.
Who are the officers and directors of BARRED BUSINESS FOUNDATION CO?
The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $194,751 (Bridgette Simpson, Executive Dir.).
How much revenue does BARRED BUSINESS FOUNDATION CO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,097,561, expenses of $1,319,280 and total assets of $2,242,078 at year end.

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