Our mission is to provide capital, community, mentorship, education, support, and advocacy to entrepreneurs of color in order to help them build successful businesses that create jobs, generate revenue, and strengthen communities.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $15K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
33 mo
of spending, in cash
Looks good: 32.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $155K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$252K
Spent
$68K
To programs
100%
Net assets
$184K
By yearFY2020–FY2024
Revenue
$252K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$252K
FY2021$1.9M
FY2022$4.2M
FY2023$2.6M
FY2024$879K
Expenses
$68K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$68K
FY2021$931K
FY2022$4.0M
FY2023$3.9M
FY2024$878K
Net assets
$184K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$184K
FY2021$1.1M
FY2022$1.3M
FY2023$74K
FY2024$74K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2019.

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% · $68K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Fund Advisor
$0Pt VII · Sec A
Venture Partner
$0Pt VII · Sec A
Fund Advisor
$0Pt VII · Sec A
General Partner
$0Pt VII · Sec A
General Partner
$0Pt VII · Sec A

Christina Murray’s $27K as Director of Programs is at the 25th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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.

See Fearless 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers entrepreneurs of color with resources and support to build successful businesses.

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Provided by the organization

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1 program · $68K · in their own filed words · FY2020
01

Fearless Fund invests in women of color led businesses seeking pre-seed, seed level or series A financing. Our mission is to bridge the gap in venture capital funding for women of color founders building scalable, growth aggressive companies. Fearless Fund is built by women of color for women of color.

$68Kprogram 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
FjcFY2024$10K
Total grants receivedfrom 2 funders$155K
Grants paid · 2 grants · $25K · 2024–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$252K
Ln 12
Gifts and grantsLn 1h$252K
Money outPt IX
$68K
Ln 25
Programscol B$68K
Owns and owesPt X
$184K
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$184K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$252K
Government grantsLn 1e$250K
Total revenueLn 12$252K
Assets in detailPt X, end of year
CashLn 1$184K
Cash and savings togetherLn 1–2$184K
Total assetsLn 16$184K
LiabilitiesLn 26$0
Net assetsLn 32$184K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$184K
Total assetsLn 16$0$184K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$184K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$66K$66K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$638$638
Total functional expensesLn 25$68K$68K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $879K$878K$1K$74K 990 PDF
FY2023 $2.6M$3.9M−$1.3M$74K 990 PDF
FY2022 $4.2M$4.0M$205K$1.3M 990 PDF
FY2021 $1.9M$931K$948K$1.1M 990 PDF
FY2020 Viewing $252K$68K$184K$184K 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 FY2020 990 (6 parts)
Part I · Summary $251,857 revenue, 12 lines filed
I-8 Contributions and grants$251,857
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$251,857
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$65,900
I-16a Professional fundraising fees$0
I-17 Other expenses$1,905
I-18 Total expenses$67,805
I-19 Revenue less expenses$184,052
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $251,857 across 4 lines filed
VIII-1e Government grants$250,000
VIII-1f All other contributions, gifts and grants$1,857
VIII-1h Total contributions, gifts and grants$251,857
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$251,857
Part IX · Statement of functional expenses $67,805 across 3 lines filed
IX-7 Other salaries and wagesPrograms $65,900$65,900
IX-11g Other fees for servicesPrograms $1,267$1,267
IX-13 Office expensesPrograms $638$638
IX-25 Total functional expensesPrograms $67,805 · Management $0 · Fundraising $0$67,805
Part X · Balance sheet $184,052 assets, 6 lines filed
X-1 Cash, non-interest-bearing$184,052
X-16 Total assetsStart of year $0$184,052
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$184,052
X-32 Total net assets or fund balancesStart of year $0$184,052
X-33 Total liabilities and net assetsStart of year $0$184,052
Part XI · Reconciliation of net assets $184,052 net assets at year end
XI-1 Total revenue$251,857
XI-2 Total expenses$67,805
XI-3 Revenue less expenses$184,052
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$184,052

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

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