Black Student Fund EIN 52-6053597 Form 990 (PDF) Claim this org

Black Student Fund

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Provides underserved families access to independent schools and supports student success. For fiscal year 2025 it reported $285K in revenue, $302K in expenses, and $12K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Washington, DC
Website
www.blackstudentfund.org
Filings
4 on file (2021–2025)
Revenue
$285KFY2025
Expenses
$302K
Net assets
$12K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  52-6053597 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides underserved families access to independent schools and supports student success.
Leadership
Leroy Nesbitt JR · Executive Director · $61K
Money in and out
$285K revenue, $302K expenses
Bottom line
57% program efficiency
Where the money goes · FY2025
Total revenue
$285K
Pt VIII · Ln 12
Total expenses
$302K
Pt IX · Ln 25
Net assets
$12K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$17K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.39 Fundraising $0.04
Program efficiency
57%
of spending reaches programs▼ -16% vs prior filing year
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -148% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$285K
FY2025▼ -7%
Expenses
$302K
FY2025▼ -4%
Total assets
$48K
FY2025▼ -5%
Total liabilities
$36K
FY2025▲ ×217
Total revenue
$285K
Pt VIII · Ln 12
Total expenses
$302K
Pt IX · Ln 25
Net assets
$12K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$48K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $155K of program spending, described in the organization's own filed words · FY2024.
01

The BSF/LSF Annual School Fair is a forum for Washington metropolitan area families to learn about independent school education and to engage students, teachers and administrators from more than 70 local and national independent schools and educational programs.

$67Kprogram expense
02

For more than fifty years, BSF has provided financial support for families at BSF Member Schools. BSF provides small tuition scholarships, funding for participation in summer and school year academic enrichment, youth development program/activities and BSF provides emergency and essential services financial support to BSF families

$46Kprogram expense
03

BSF Science, Technology, Engineering & Math (STEM) is a focused academic enrichment effort of BSF. BSF STEM is a series of connected programs and activities providing students with introductory and advanced STEM learning.

$41Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlack Student Fund
EINHdr · item D52-6053597
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.blackstudentfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$61,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2021
Leroy Nesbitt JR$61,000$50,250$60,000$60,000

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 & grants$225K · 79%
Program service revenue$59K · 21%
Contributions & grants79%$225K
Program service revenue21%$59K
Investment income$588
Total revenueLn 12$285K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.39 Fundraising $0.04
Program services57%$172K
Management & general39%$118K
Fundraising4%$12K
Total functional expensesLn 25$302K

Balance Sheet

Part X · end of year
CashLn 1$22K
Total assetsLn 16$48K
Total liabilitiesLn 26$36K
Total net assetsLn 32$12K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42K · Operating expenses/yr $302K
1.7 months
Where the money goes
Program services
Program services $172K · Total expenses $302K
57%
Management & General
Management & general $118K · Total expenses $302K
39%
Fundraising
Fundraising $12K · Total expenses $302K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $20K · Solicited contributions (3-yr avg) $223K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $225K · Total revenue $285K
79%
Government reliance
Government grants $0 · Total revenue $285K
0%
Earned-income share
Program service revenue $59K · Total revenue $285K
21%
Investment reliance
Investment income $588 · Total revenue $285K
+0.2%
Program self-sufficiency
Program service revenue $59K · Total expenses $302K
19%
Growth & trend
Revenue growth (YoY)
This year $285K · Prior year $307K
-7%
Revenue CAGR
FY2020 $423K · FY2024 $285K
-9%
Net-asset trend (YoY)
End of year $12K · Beginning of year $51K
-76%
Balance sheet
Surplus Margin
Revenue $285K · Expenses $302K
-6%
Liabilities-to-Assets
Total liabilities $36K · Total assets $48K
74%
Net-asset ratio
Net assets $12K · Total assets $48K
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $20K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $48K
41%
People & payroll
Highest Reported Total Compensation
Individual Leroy Nesbitt JR · Reported title Executive Director · Highest reported compensation $61K · Total expenses $302K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $163K · Total expenses $302K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 39%
Fundraising cost ratio 5%
Revenue growth -7%
Legal fee ratio 0%

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 · FY2025
Total grants receivedfrom 1 funder$14K
Grants paid · 8 grants · $42K · 2020–2024
Unitemized GrantFY2024$10,000
Unitemized GrantFY2024$5,750
Unitemized GrantFY2024$1,300
Unitemized GrantFY2023$5,900
Unitemized GrantFY2023$2,400
Unitemized GrantFY2022$6,050
Unitemized GrantFY2022$4,610
Unitemized GrantFY2020$6,340

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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)$285K revenue · viewing · ⤓ 990 PDF
FY2024$307K revenue · ⤓ 990 PDF
FY2023$216K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$423K 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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