Bootstrap Capital Incorporated FY2020 filing

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Connecting high potentional New Majority entreprenuers to the innovati ecosystem through access to opportunity resources and capital

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3323494) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest 990-N e-Postcard
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $5K a year · 0.9% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
0.8 mo
of spending, in cash
0.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.5M
+435% vs prior year
Spent
$1.5M
To programs
90%
Net assets
$98K
By yearFY2019–FY2021
Revenue
$1.5M
FY2020▲ +435%
Tap a bar for its year
Revenue by fiscal year
FY2019$276K
FY2020$1.5M
FY2021$25K
Expenses
$1.5M
FY2020▲ +832%
Tap a bar for its year
Expenses by fiscal year
FY2019$160K
FY2020$1.5M
FY2021$105K
Net assets
$98K
FY2020▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2019$117K
FY2020$98K
FY2021$0

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2021. IRS ruling in Jan 2017.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.4M Management & general 2% · $24K Fundraising 1% · $10K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Bootstrap Capital Incorporated executive salaries →

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

Connects entrepreneurs to resources and capital for innovation.

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3 programs · $1.4M · in their own filed words · FY2020
01

Bootstrap Capital is leveragering it's data platform to aggregate information about black owned, women-led, and LGBTQIA+ business owners Bootstrap has an analytics infrastructure that is used to glean insights from these communities.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3323494) · Dispute this line
$1.1Mprogram expense
02

Bootstrap hosts a 5 week financial training program for New Majoirty business owners. These trainings leverage volunteers and partnership resources.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3323494) · Dispute this line
$264Kprogram expense
03

Bootstrap hosted a series of programs in various cities. These events were cancancelled due to COVID yet we did still incur expenses.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3323494) · Dispute this line
$5Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$24K
Fundraisingcol D$10K
Owns and owesPt X
$98K
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$98K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$1.0M
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$98K
Cash and savings togetherLn 1–2$98K
Total assetsLn 16$98K
LiabilitiesLn 26$0
Net assetsLn 32$98K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$1.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$117K$98K
Total assetsLn 16$117K$98K
LiabilitiesLn 26$0$0
Net assetsLn 32$117K$98K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$150K$150K
Accounting feesLn 11c$4K$2K$2K
Other fees for servicesLn 11g$20K$10K$10K
Information technologyLn 14$1.2M$1.1M$12K
Other expenses (24a–d)Ln 24$100K$100K
Total functional expensesLn 25$1.5M$1.4M$24K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS Oct 14, 2023 $25K$105K−$80K$0 990 PDF
FY2020 ViewingFiled with the IRS Oct 29, 2021 $1.5M$1.5M−$19K$98K 990 PDF
FY2019Filed with the IRS Sep 9, 2021 $276K$160K$115K$117K 990 PDF

Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2021. The 990-N has no money details, and postcard years before 2025 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations
See the full FY2020 990
Part I · Summary $1,475,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $275,653$1,475,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $275,653$1,475,000
I-13 Grants and similar amounts paidPrior year $50,000$150,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $110,224$1,344,000
I-18 Total expensesPrior year $160,224$1,494,000
I-19 Revenue less expensesPrior year $115,429−$19,000
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,475,000 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,475,000
VIII-1g Noncash contributions (included above)$1,000,000
VIII-1h Total contributions, gifts and grants$1,475,000
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$1,475,000
Part IX · Statement of functional expenses $1,494,000 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $150,000$150,000
IX-11c Accounting feesPrograms $2,000 · Management $2,000$4,000
IX-11g Other fees for servicesManagement $10,000 · Fundraising $10,000$20,000
IX-14 Information technologyPrograms $1,100,000 · Management $12,000$1,220,000
IX-24 Other expenses (24a–d)Programs $100,000$100,000
IX-25 Total functional expensesPrograms $1,352,000 · Management $24,000 · Fundraising $10,000$1,494,000
Part X · Balance sheet $98,190 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $117,190$98,190
X-16 Total assetsStart of year $117,190$98,190
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $117,190$98,190
X-32 Total net assets or fund balancesStart of year $117,190$98,190
X-33 Total liabilities and net assetsStart of year $117,190$98,190
Part XI · Reconciliation of net assets $98,190 net assets at year end
XI-1 Total revenue$1,475,000
XI-2 Total expenses$1,494,000
XI-3 Revenue less expenses−$19,000
XI-4 Net assets at start of year$117,190
XI-10 Net assets at end of year$98,190

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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