Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1964.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
68 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $50K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 |
|---|---|---|---|---|
| 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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides underserved families access to independent schools and supports student success.
Questions for Black Student Fund
Your first name shows with your question. Black Student Fund answers here, for everyone.
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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.
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.
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
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $21K | $26K |
| InvestmentsLn 11–13 | $17K | $16K |
| Land, buildings, equipmentLn 10c | $3K | $2K |
| Total assetsLn 16 | $45K | $51K |
| LiabilitiesLn 26 | $675 | $165 |
| Net assetsLn 32 | $45K | $51K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $9K | $9K | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $50K | $39K | $7K | $5K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $114K | $88K | $15K | $11K |
| Payroll taxesLn 10 | $5K | $4K | $606 | $466 |
| Advertising and promotionLn 12 | $4K | $1K | $360 | $2K |
| Office expensesLn 13 | $11K | $4K | $6K | $850 |
| Information technologyLn 14 | $22K | $9K | $11K | $2K |
| OccupancyLn 16 | $38K | $15K | $20K | $3K |
| TravelLn 17 | $2K | $804 | $1K | $161 |
| Conferences, conventions and meetingsLn 19 | $74 | $30 | $39 | $5 |
| Depreciation, depletion and amortizationLn 22 | $684 | $68 | $616 | |
| InsuranceLn 23 | $6K | $3K | $2K | $445 |
| Other expenses (24a–d)Ln 24 | $41K | $36K | $5K | $0 |
| All other expensesLn 24e | $14K | $6K | $7K | $1K |
| Total functional expensesLn 25 | $315K | $213K | $75K | $26K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $285K | $302K | −$17K | $12K | 990 PDF |
| FY2024 Viewing | $307K | $315K | −$8K | $51K | 990 PDF |
| FY2023 | $216K | $399K | −$183K | $45K | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 | $423K | $322K | $101K | $98K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $307,091 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $307,091 across 13 lines filed
Part IX · Statement of functional expenses $314,602 across 16 lines filed
Part X · Balance sheet $51,018 assets, 12 lines filed
Part XI · Reconciliation of net assets $50,853 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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