Bfb Foundation INC EIN 45-2402969

Bfb Foundation INC

EIN  45-2402969 Public charity (501(c)(3)) Charlotte, NC Founded 2011
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Size
$100K–1M
What they do
Empowers girls and women through education to build stronger communities.
Leadership
Christine Burns-Fazzi · Board Chair
Money in and out
$207K revenue, $224K expenses
Bottom line
88% program efficiency

Empowers girls and women through education to build stronger communities. For fiscal year 2025 it reported $207K in revenue, $224K in expenses, and $277K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$224K
Pt IX · Ln 25
Net assets
$277K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▼ -154% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$207K
FY2025▼ -15%
Expenses
$224K
FY2025▲ +10%
Total assets
$281K
FY2025▼ -6%
Total liabilities
$4K
FY2025▼ -8%
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$224K
Pt IX · Ln 25
Net assets
$277K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$281K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

2 program services account for $198K of program spending, described in the organization's own filed words · FY2025.
01

Tuition sponsorship for young women from rural villages to become teachers in guatemala AND/OR pursue studies at university. Hosted a reunion of graduates and established a MENTORING/NETWORKING group for students. Also implemented social and financial education for a children's program at three locations in guatemala.

$159Kprogram expense
02

Support of schools in guatemala for the benefit of children, in the form of teacher salaries, books, supplies, transportation, and lodging and other costs. A wide range of support is provided, and differs from school to school.

$40Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBfb Foundation INC
EINHdr · item D45-2402969
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jwww.bfbfoundation.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFAug 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer (as of Jan 2025)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Elizabeth Love Maddrey’s $19K as Executive Director (ended 5/2023) is at the 14th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022
Elizabeth Love Maddrey$18,750$35,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$206K
Investment income$355
Total revenueLn 12$207K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$198K
Management & general12%$26K
Total functional expensesLn 25$224K

Balance Sheet

Part X · end of year
CashLn 1$78K
Total assetsLn 16$281K
Total liabilitiesLn 26$4K
Total net assetsLn 32$277K
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $78K · Operating expenses/yr $224K
4.2 months
Where the money goes
Program services
Program services $198K · Total expenses $224K
88%
Management & General
Management & general $26K · Total expenses $224K
12%
Fundraising
Fundraising $0 · Total expenses $224K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $216K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $206K · Total revenue $207K
100%
Government reliance
Government grants — · Total revenue $207K
Earned-income share
Program service revenue $0 · Total revenue $207K
0%
Investment reliance
Investment income $355 · Total revenue $207K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $224K
0%
Growth & trend
Revenue growth (YoY)
This year $207K · Prior year $243K
-15%
Revenue CAGR
FY2020 $311K · FY2025 $207K
-8%
Net-asset trend (YoY)
End of year $277K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $207K · Expenses $224K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $281K
Net-asset ratio
Net assets $277K · Total assets $281K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $281K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christine Burns-Fazzi · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $224K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $224K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Revenue growth -15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$299
Grants paid · 100 grants · $471K · 2020–2023
Institute Indigena Nuestra Senora Del SocorroFY2021$109,052
Prosperity English ProgramFY2021$23,796
University De ValleFY2021$15,573
Alba EstradaFY2021$11,267
La Fundacion RieckenFY2021$10,000
Aflatoun InternationalFY2021$10,000
Namaste DirectFY2021$4,650
Teresa ChurunelFY2021$607
Susana OrdonezFY2021$607
Silvia TiuFY2021$607
Silvia MejiaFY2021$607
Sebastiana GonzalezFY2021$607
Ruth IbateFY2021$607
Rosanda LucasFY2021$607
Paola IxcamparicFY2021$607
Olga VilledaFY2021$607
Mishelle RodriguezFY2021$607
See all 100 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$207K revenue · viewing · ⤓ 990 PDF
FY2024$243K revenue · ⤓ 990 PDF
FY2023$200K revenue · ⤓ 990 PDF
FY2022$374K revenue · ⤓ 990 PDF
FY2021$360K revenue · ⤓ 990 PDF
FY2020$311K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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