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Mbl Foundation INC FY2022 filing

Tax-deductible

Richmond, VA501(c)(3)Since 2007Community Development EIN 77-0698911Revenue $1.5M in FY2022

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.
35¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.2 months of spending in cash; 3 or more.
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
$173K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 19 voting members
Concern: none of 19 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+4% vs prior year
Spent
$707K
To programs
35%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$1.5M
FY2022▲ +4%
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
$707K
FY2022▲ +21%
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
$1.0M
FY2022▲ +52%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

35 cents of each dollar spent went to programs.

Program services 35% · $251K Management & general 64% · $456K Fundraising 0% · $616

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Scottessa Hurte
Board Chair
$0Pt VII · Sec A
Nickkol Lewis
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brittany Rawlinson
Vice Secretary
$0Pt VII · Sec A
Samuel S Young JR
Immediate Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Connie Hom
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 · $251K · in their own filed words · FY2021
01

Signature Events

$132Kprogram expense
02

MBL Education/Training & Small Business Grant/Other Business Expenses

$72Kprogram expense
03

MBL Youth Activities

$47Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$165K
Other incomeLn 4–11$31K
Money outPt IX
$707K
Ln 25
Programscol B$251K
Managementcol C$456K
Fundraisingcol D$616
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$173K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$189K
Fundraising eventsLn 1c$23K
Fees for servicesLn 2g$165K
Investment incomeLn 3$593
Other incomeLn 4–11$31K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Other assetsLn 15$12K
Total assetsLn 16$1.2M
LiabilitiesLn 26$173K
Net assetsLn 32$1.0M
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 FY22End FY22
Cash and savingsLn 1–2$828K$1.2M
Total assetsLn 16$830K$1.2M
LiabilitiesLn 26$151K$173K
Net assetsLn 32$679K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$6K$3K$2K$616
Office expensesLn 13$4K$3K$825$0
TravelLn 17$150$0$150$0
InterestLn 20$1K$0$1K$0
All other expensesLn 24e$695K$244K$451K$0
Total functional expensesLn 25$707K$251K$456K$616

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.0M$228K$695K 990 PDF
FY2024Filed with the IRS May 15, 2025 $1.1M$568K$502K$467K 990 PDF
FY2023Filed with the IRS May 18, 2024 $969K$376K$593K$806K 990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023 $1.5M$707K$751K$1.0M 990 PDF
FY2021Filed with the IRS Jun 3, 2022 $1.4M$586K$815K$679K 990 PDF
FY2020Filed with the IRS May 15, 2021 $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 FY2022 990 (6 parts)
Part I · Summary $1,458,044 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,213,497$1,261,161
I-9 Program service revenuePrior year $185,818$165,035
I-10 Investment incomePrior year $665$593
I-11 Other revenuePrior year $548$31,255
I-12 Total revenuePrior year $1,400,528$1,458,044
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $585,732$707,031
I-18 Total expensesPrior year $585,732$707,031
I-19 Revenue less expensesPrior year $814,796$751,013
Part VI · Governance 0 of 19 board members independent, 3 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members0
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 $1,458,044 across 8 lines filed
VIII-1c Fundraising events$22,964
VIII-1e Government grants$189,059
VIII-1f All other contributions, gifts and grants$1,049,138
VIII-1h Total contributions, gifts and grants$1,261,161
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$165,035
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$593
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,255 · Unrelated business $0 · Excluded from tax $0$31,255
VIII-12 Total revenueRelated to mission $196,883 · Unrelated business $0 · Excluded from tax $0$1,458,044
Part IX · Statement of functional expenses $707,031 across 5 lines filed
IX-12 Advertising and promotionPrograms $3,078 · Management $2,463 · Fundraising $616$6,157
IX-13 Office expensesPrograms $3,298 · Management $825 · Fundraising $0$4,123
IX-17 TravelPrograms $0 · Management $150 · Fundraising $0$150
IX-20 InterestPrograms $0 · Management $1,308 · Fundraising $0$1,308
IX-24e All other expensesPrograms $244,497 · Management $450,796 · Fundraising $0$695,293
IX-25 Total functional expensesPrograms $250,873 · Management $455,542 · Fundraising $616$707,031
Part X · Balance sheet $1,204,782 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $828,292$1,190,532
X-4 Accounts receivableStart of year $1,570$0
X-9 Prepaid expenses and deferred charges$2,000
X-15 Other assets$12,250
X-16 Total assetsStart of year $829,862$1,204,782
X-17 Accounts payable and accrued expensesStart of year $3,244$32,989
X-24 Unsecured notes and loans payableStart of year $147,327$139,635
X-26 Total liabilitiesStart of year $150,571$172,624
X-27 Net assets without donor restrictionsStart of year −$775,160−$844,673
X-28 Net assets with donor restrictionsStart of year $1,454,451$1,876,831
X-32 Total net assets or fund balancesStart of year $679,291$1,032,158
X-33 Total liabilities and net assetsStart of year $829,862$1,204,782
Part XI · Reconciliation of net assets $1,032,158 net assets at year end
XI-1 Total revenue$1,458,044
XI-2 Total expenses$707,031
XI-3 Revenue less expenses$751,013
XI-4 Net assets at start of year$679,291
XI-10 Net assets at end of year$1,032,158

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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