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.
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
2 people listed on the 990; $27K paid to officers and key staff.
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.
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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.
Questions for Fearless Foundation
Your first name shows with your question. Fearless Foundation answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $1.3M |
| Total assetsLn 16 | $1.1M | $1.3M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $1.1M | $1.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $181K | $181K | ||
| Other employee benefitsLn 9 | $171K | $171K | ||
| Payroll taxesLn 10 | $14K | $14K | ||
| Management feesLn 11a | $140K | $140K | ||
| Legal feesLn 11b | $28K | $28K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Other fees for servicesLn 11g | $323K | $323K | ||
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $49K | $49K | ||
| Conferences, conventions and meetingsLn 19 | $535K | $535K | ||
| Other expenses (24a–d)Ln 24 | $2.5M | $2.5M | ||
| Total functional expensesLn 25 | $4.0M | $4.0M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $879K | $878K | $1K | $74K | 990 PDF |
| FY2023 | $2.6M | $3.9M | −$1.3M | $74K | 990 PDF |
| FY2022 Viewing | $4.2M | $4.0M | $205K | $1.3M | 990 PDF |
| FY2021 | $1.9M | $931K | $948K | $1.1M | 990 PDF |
| FY2020 | $252K | $68K | $184K | $184K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $4,166,197 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $4,166,197 across 4 lines filed
Part IX · Statement of functional expenses $3,961,625 across 11 lines filed
Part X · Balance sheet $1,336,947 assets, 6 lines filed
Part XI · Reconciliation of net assets $1,336,947 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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