Bkbnk INC: FY2021 Nonprofit Profile & Form 990 (EIN 82-1420342)

Revenue by fiscal year
FY2020	$118K
FY2021	$449K
FY2022	$239K
FY2023	$49K
FY2024	$68K

Expenses by fiscal year
FY2020	Not on file
FY2021	$353K
FY2022	$220K
FY2023	Not on file
FY2024	Not on file

Net assets by fiscal year
FY2020	$74K
FY2021	$169K
FY2022	$188K
FY2023	$56K
FY2024	$5K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2017.

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

Where the money goes

61 cents of each dollar spent went to programs.

61%

25%

13%

Program services 61% · $216K Management & general 25% · $90K Fundraising 13% · $46K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Jude Bernard

President

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Promotes financial literacy, awareness, and entrepreneurship through job training and business planning advice.

Provided by the organization

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1 program · $216K · in their own filed words · FY2021

01

Annual Turkey Drive, Several programs teaching financial literacy and self improvement.

$216Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Paypal Charitable Giving FundFY2024$35K

Total grants receivedfrom 1 funder$35K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$449K

Ln 12

Gifts and grantsLn 1h$449K

Money outPt IX

$353K

Ln 25

Programscol B$216K

Managementcol C$90K

Fundraisingcol D$46K

Owns and owesPt X

$169K

net assets · Ln 32

Cash and savingsLn 1–2$134K

Total assetsLn 16$169K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$449K

Government grantsLn 1e$14K

Total revenueLn 12$449K

Assets in detailPt X, end of year

CashLn 1$134K

Cash and savings togetherLn 1–2$134K

Land, buildings, equipmentLn 10c$30K

Other assetsLn 15$6K

Total assetsLn 16$169K

LiabilitiesLn 26$0

Net assetsLn 32$169K

OperationsPt I, VI

EmployeesI 50

VolunteersI 6150

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$53K	$134K
Land, buildings, equipmentLn 10c		$30K
Total assetsLn 16	$74K	$169K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$74K	$169K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$1K		$1K
Other fees for servicesLn 11g	$7K	$4K	$2K	$706
Advertising and promotionLn 12	$12K	$1K	$1K	$9K
Office expensesLn 13	$1K	$833	$417	$139
Information technologyLn 14	$2K	$985	$492	$164
OccupancyLn 16	$150K	$90K	$45K	$15K
TravelLn 17	$8K	$6K		$1K
Conferences, conventions and meetingsLn 19	$133K	$81K	$39K	$14K
Depreciation, depletion and amortizationLn 22	$160	$96	$48	$16
Other expenses (24a–d)Ln 24	$38K	$31K	$354	$6K
All other expensesLn 24e	$921	$553	$276	$92
Total functional expensesLn 25	$353K	$216K	$90K	$46K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$68K			$5K	990 PDF
FY2023	$49K			$56K	990 PDF
FY2022	$239K	$220K	$19K	$188K	990 PDF
FY2021 Viewing	$449K	$353K	$96K	$169K	990 PDF
FY2020	$118K			$74K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $448,790 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $123,868$448,790

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $123,868$448,790

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 $110,126$352,538

I-18 Total expensesPrior year $110,126$352,538

I-19 Revenue less expensesPrior year $13,742$96,252

Part VI · Governance 0 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

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-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $448,790 across 4 lines filed

VIII-1e Government grants$14,000

VIII-1f All other contributions, gifts and grants$434,790

VIII-1h Total contributions, gifts and grants$448,790

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$448,790

Part IX · Statement of functional expenses $352,538 across 11 lines filed

IX-11c Accounting feesManagement $1,075$1,075

IX-11g Other fees for servicesPrograms $4,238 · Management $2,119 · Fundraising $706$7,063

IX-12 Advertising and promotionPrograms $1,295 · Management $1,413 · Fundraising $9,068$11,776

IX-13 Office expensesPrograms $833 · Management $417 · Fundraising $139$1,389

IX-14 Information technologyPrograms $985 · Management $492 · Fundraising $164$1,641

IX-16 OccupancyPrograms $89,859 · Management $44,930 · Fundraising $14,977$149,766

IX-17 TravelPrograms $6,231 · Fundraising $1,276$7,507

IX-19 Conferences, conventions and meetingsPrograms $80,798 · Management $38,615 · Fundraising $13,603$133,016

IX-22 Depreciation, depletion and amortizationPrograms $96 · Management $48 · Fundraising $16$160

IX-24 Other expenses (24a–d)Programs $31,455 · Management $354 · Fundraising $6,415$38,224

IX-24e All other expensesPrograms $553 · Management $276 · Fundraising $92$921

IX-25 Total functional expensesPrograms $216,343 · Management $89,739 · Fundraising $46,456$352,538

Part X · Balance sheet $169,480 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $52,755$134,105

X-10c Land, buildings and equipment, net$29,840

X-15 Other assetsStart of year $21,331$5,535

X-16 Total assetsStart of year $74,086$169,480

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $74,086$169,480

X-32 Total net assets or fund balancesStart of year $74,086$169,480

X-33 Total liabilities and net assetsStart of year $74,086$169,480

Part XI · Reconciliation of net assets $169,480 net assets at year end

XI-1 Total revenue$448,790

XI-2 Total expenses$352,538

XI-3 Revenue less expenses$96,252

XI-4 Net assets at start of year$74,086

XI-8 Prior period adjustments−$548

XI-9 Other changes in net assets−$310

XI-10 Net assets at end of year$169,480

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Bkbnk INC FY2021 filing

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