Grant-making for underrepresented founders of start-ups and other entrepreneurs.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$37K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
1 of 4
filings with a surplus
Average deficit $10K a year · 4% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $124K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$85K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$180K
-36% vs prior year
Spent
$277K
To programs
100%
Net assets
$25K
By yearFY2021–FY2025
Revenue
$180K
FY2024▼ -36%
Tap a bar for its year
Revenue by fiscal year
FY2021$150K
FY2022$291K
FY2023$283K
FY2024$180K
FY2025$157K
Expenses
$277K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$205K
FY2023$283K
FY2024$277K
FY2025$185K
Net assets
$25K
FY2024▼ -80%
Tap a bar for its year
Net assets by fiscal year
FY2021$36K
FY2022$122K
FY2023$121K
FY2024$25K
FY2025−$3K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $277K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$37,080Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A

Bianca Frails’s $54K as Executive Director is at the 32nd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mecca Tartt———$62,600$28,000
Bianca Frails$54,000————
Nwanyinma Dike$12,000$37,080———
Mecca Tartt Through 73123——$30,129——
Nwanyinma Dike Started 12123——$3,000——

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.

See Startup Runway Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants to underrepresented startup founders and entrepreneurs.

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Provided by the organization

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1 program · $277K · in their own filed words · FY2024
01

We provided sixteen grants to underrepresented founders during the reporting year (2024) totaling $10,000 each.

$277Kprogram 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
Ncr FoundationFY2024$124K
Total grants receivedfrom 1 funder$124K
Grants paid · 4 grants · $470K · 2022–2025
Unitemized GrantFY2025$70,000
Unitemized GrantFY2024$160,000
Unitemized GrantFY2023$150,000
Unitemized GrantFY2022$90,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$180K
Ln 12
Gifts and grantsLn 1h$180K
Money outPt IX
$277K
Ln 25
Programscol B$277K
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$109K
LiabilitiesLn 26$85K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$180K
Total revenueLn 12$180K
Assets in detailPt X, end of year
CashLn 1$109K
Cash and savings togetherLn 1–2$109K
Total assetsLn 16$109K
LiabilitiesLn 26$85K
Net assetsLn 32$25K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$126K$109K
Total assetsLn 16$126K$109K
LiabilitiesLn 26$4K$85K
Net assetsLn 32$121K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$160K$160K
Pay of current officers, directors and key staffLn 5$37K$37K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$26K$26K
Advertising and promotionLn 12$13K$13K
Other expenses (24a–d)Ln 24$36K$36K
Total functional expensesLn 25$277K$277K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $157K$185K−$28K−$3K 990 PDF
FY2024 Viewing $180K$277K−$97K$25K 990 PDF
FY2023 $283K$283K−$796$121K 990 PDF
FY2022 $291K$205K$86K$122K 990 PDF
FY2021 $150K$36K 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 FY2024 990 (6 parts)
Part I · Summary $179,990 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $282,700$179,990
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $282,700$179,990
I-13 Grants and similar amounts paidPrior year $150,000$160,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $71,466$37,080
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $62,030$79,717
I-18 Total expensesPrior year $283,496$276,797
I-19 Revenue less expensesPrior year −$796−$96,807
Part VI · Governance 2 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $179,990 across 3 lines filed
VIII-1f All other contributions, gifts and grants$179,990
VIII-1h Total contributions, gifts and grants$179,990
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$179,990
Part IX · Statement of functional expenses $276,797 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $160,000$160,000
IX-5 Pay of current officers, directors and key staffPrograms $37,080$37,080
IX-11b Legal feesPrograms $3,200$3,200
IX-11c Accounting feesPrograms $1,500$1,500
IX-11g Other fees for servicesPrograms $25,902$25,902
IX-12 Advertising and promotionPrograms $13,138$13,138
IX-24 Other expenses (24a–d)Programs $35,977$35,977
IX-25 Total functional expensesPrograms $276,797 · Management $0 · Fundraising $0$276,797
Part X · Balance sheet $109,389 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $125,713$109,389
X-16 Total assetsStart of year $125,713$109,389
X-17 Accounts payable and accrued expensesStart of year $4,248$2,731
X-18 Grants payableStart of year $0$20,000
X-19 Deferred revenueStart of year $0$62,000
X-26 Total liabilitiesStart of year $4,248$84,731
X-32 Total net assets or fund balancesStart of year $121,465$24,658
X-33 Total liabilities and net assetsStart of year $125,713$109,389
Part XI · Reconciliation of net assets $24,658 net assets at year end
XI-1 Total revenue$179,990
XI-2 Total expenses$276,797
XI-3 Revenue less expenses−$96,807
XI-4 Net assets at start of year$121,465
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,658

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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