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Mbl Foundation INC

Tax-deductible

Richmond, VA501(c)(3)Since 2007Community Development EIN 77-0698911Revenue $2.2M in FY2025

On file with the IRS115 E Marshall St, 23219-1745 · Richmond, VATax-exempt since Apr 2013Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 99 volunteers and 17 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $549K a year · 43% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $356K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$925K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+109% vs prior year
Spent
$2.0M
To programs
70%
Net assets
$695K
By yearFY2020–FY2025
Revenue
$2.2M
FY2025▲ +109%
Tap a bar for its year
Revenue by fiscal year
FY2020$587K
FY2021$1.4M
FY2022$1.5M
FY2023$969K
FY2024$1.1M
FY2025$2.2M
Expenses
$2.0M
FY2025▲ +253%
Tap a bar for its year
Expenses by fiscal year
FY2020$181K
FY2021$586K
FY2022$707K
FY2023$376K
FY2024$568K
FY2025$2.0M
Net assets
$695K
FY2025▲ +49%
Tap a bar for its year
Net assets by fiscal year
FY2020$61K
FY2021$679K
FY2022$1.0M
FY2023$806K
FY2024$467K
FY2025$695K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2011-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.4M Management & general 23% · $461K Fundraising 7% · $143K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Kathryn Dolan
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Scottessa Hurte
Immediate PA
$0Pt VII · Sec A
Tanya Battle
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
R Mark Crowe
Director
$0Pt VII · Sec A
See Mbl Foundation INC executive salaries →

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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

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Provided by the organization

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3 programs · $242K · in their own filed words · FY2024
01

Signature Events

Includes events such as MBL annual awards reception, incredible men's breakfast, sam younh, SR. Golf tournament, rva linkup expo, women in construction, & women who mean business.

$158Kprogram expense
02

Mbl Youth Activities

Includes events such as boys n business, boys n construction, entreprenuership tour stop, girls who mean business, kidz n biz, MBL JR. Entrepreneur club, remarkable girl's luncheon, shark tank kidz-n-biz, shark tank teens who mean business, teens who mean business, youth n construction, & richmond children's business fair.

$53Kprogram expense
03

MBL EDUCATION/ tranining & small business GRANT/OTHER business expenses - includes events such as coffee & conversations, entrepreneurship - abilitiies, entreprenuership series, kauffman fasttrac institute, remarkable women's luncheon, & veteran's entrepreneurship.

$31Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Jpmorgan Chase FoundationFY2024$200K
The Community Foundation INCFY2024$121K
Sentara HealthcareFY2024$20K
Dominion Energy Charitable FoundationFY2024$10K
Hampton Roads Community FoundationFY2024$6K
Total grants receivedfrom 5 funders$356K
See all 5 funders →
Grants paid · 5 grants · $78K · 2024–2024
Individual RecipientFY2024$37,500
Haus & Market FoundationFY2024$10,000
Individual RecipientFY2024$10,000
Individual RecipientFY2024$10,000
Winr INC DBAFY2024$10,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$2.1M
Fees for servicesLn 2g$90K
Other incomeLn 4–11$73K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.4M
Managementcol C$461K
Fundraisingcol D$143K
Owns and owesPt X
$695K
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$1.6M
LiabilitiesLn 26$925K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$717K
Fees for servicesLn 2g$90K
Investment incomeLn 3$6K
Other incomeLn 4–11$73K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$105K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$205K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$1.1M
Total assetsLn 16$1.6M
LiabilitiesLn 26$925K
Net assetsLn 32$695K
OperationsPt I, VI
EmployeesI 517
VolunteersI 699
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$515K$205K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$1.4M$1.6M
LiabilitiesLn 26$915K$925K
Net assetsLn 32$467K$695K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$510K$510K
Other salaries and wagesLn 7$852K$515K$197K$140K
Other employee benefitsLn 9$28K$6K$22K
Payroll taxesLn 10$57K$52K$6K
Legal feesLn 11b$47K$47K
Accounting feesLn 11c$43K$43K
Other fees for servicesLn 11g$75K$75K
Advertising and promotionLn 12$19K$10K$8K$2K
Office expensesLn 13$15K$11K$5K
Information technologyLn 14$31K$22K$9K
OccupancyLn 16$4K$4K
TravelLn 17$15K$12K$3K
InterestLn 20$5K$5K
InsuranceLn 23$42$10$32
Other expenses (24a–d)Ln 24$258K$255K$3K
All other expensesLn 24e$44K$8K$34K$1K
Total functional expensesLn 25$2.0M$1.4M$461K$143K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.2M$2.0M$228K$695K 990 PDF
FY2024 $1.1M$568K$502K$467K 990 PDF
FY2023 $969K$376K$593K$806K 990 PDF
FY2022 $1.5M$707K$751K$1.0M 990 PDF
FY2021 $1.4M$586K$815K$679K 990 PDF
FY2020 $587K$181K$406K$61K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,231,756 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $632,038$2,062,882
I-9 Program service revenuePrior year $412,075$89,673
I-10 Investment incomePrior year $16,160$6,477
I-11 Other revenuePrior year $9,387$72,724
I-12 Total revenuePrior year $1,069,660$2,231,756
I-13 Grants and similar amounts paidPrior year $41,000$510,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$937,444
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $526,886$556,599
I-18 Total expensesPrior year $567,886$2,004,043
I-19 Revenue less expensesPrior year $501,774$227,713
Part VI · Governance 20 of 20 board members independent, 3 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,231,756 across 8 lines filed
VIII-1e Government grants$717,000
VIII-1f All other contributions, gifts and grants$1,345,882
VIII-1h Total contributions, gifts and grants$2,062,882
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $89,673$89,673
VIII-3 Investment incomeExcluded from tax $6,477$6,477
VIII-8 Net income from fundraising events$22,296
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $50,428$50,428
VIII-12 Total revenueRelated to mission $140,101 · Excluded from tax $6,477$2,231,756
Part IX · Statement of functional expenses $2,004,043 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $510,000$510,000
IX-7 Other salaries and wagesPrograms $515,333 · Management $197,080 · Fundraising $139,594$852,007
IX-9 Other employee benefitsPrograms $5,881 · Management $22,138$28,019
IX-10 Payroll taxesPrograms $51,676 · Management $5,742$57,418
IX-11b Legal feesManagement $46,600$46,600
IX-11c Accounting feesManagement $42,895$42,895
IX-11g Other fees for servicesManagement $75,000$75,000
IX-12 Advertising and promotionPrograms $9,574 · Management $7,660 · Fundraising $1,915$19,149
IX-13 Office expensesPrograms $10,758 · Management $4,610$15,368
IX-14 Information technologyPrograms $21,835 · Management $9,358$31,193
IX-16 OccupancyManagement $3,745$3,745
IX-17 TravelPrograms $12,319 · Management $3,080$15,399
IX-20 InterestManagement $5,219$5,219
IX-23 InsurancePrograms $10 · Management $32$42
IX-24 Other expenses (24a–d)Programs $254,837 · Management $3,292$258,129
IX-24e All other expensesPrograms $8,409 · Management $34,345 · Fundraising $1,106$43,860
IX-25 Total functional expensesPrograms $1,400,632 · Management $460,796 · Fundraising $142,615$2,004,043
Part X · Balance sheet $1,619,474 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $464,765$104,962
X-2 Savings and temporary cash investmentsStart of year $50,000$100,000
X-4 Accounts receivableStart of year $63,900$319,705
X-9 Prepaid expenses and deferred chargesStart of year $8,983$5,207
X-10c Land, buildings and equipment, netStart of year $3,945$3,945
X-15 Other assetsStart of year $789,996$1,085,655
X-16 Total assetsStart of year $1,381,589$1,619,474
X-17 Accounts payable and accrued expensesStart of year $10,010$152,294
X-19 Deferred revenueStart of year $83,000$3,496
X-24 Unsecured notes and loans payableStart of year $123,610$115,918
X-25 Other liabilitiesStart of year $697,985$653,069
X-26 Total liabilitiesStart of year $914,605$924,777
X-27 Net assets without donor restrictionsStart of year $44,604$272,317
X-28 Net assets with donor restrictionsStart of year $422,380$422,380
X-32 Total net assets or fund balancesStart of year $466,984$694,697
X-33 Total liabilities and net assetsStart of year $1,381,589$1,619,474
Part XI · Reconciliation of net assets $694,697 net assets at year end
XI-1 Total revenue$2,231,756
XI-2 Total expenses$2,004,043
XI-3 Revenue less expenses$227,713
XI-4 Net assets at start of year$466,984
XI-10 Net assets at end of year$694,697

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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