BRIC Foundation has one main goal: to increase representation in Entertainment, Gaming, Media and Tech. By strategically engaging with leaders across these industries, along with Government and Education Partners, BRIC strives to Break, Reinvent, Impact and Change the foundations of these businesses and create inclusive opportunities for women and underrepresented people to be successful.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$144K 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

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $177K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$144K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $431K
Looks good: 4 funders name it on their filings; 3 or more.
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
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$918K
+173% vs prior year
Spent
$511K
To programs
75%
Net assets
$510K
By yearFY2021–FY2025
Revenue
$918K
FY2023▲ +173%
Tap a bar for its year
Revenue by fiscal year
FY2021$212K
FY2022$336K
FY2023$918K
FY2024$1.6M
FY2025$2.7M
Expenses
$511K
FY2023▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021$123K
FY2022$337K
FY2023$511K
FY2024$1.5M
FY2025$2.3M
Net assets
$510K
FY2023▲ +401%
Tap a bar for its year
Net assets by fiscal year
FY2021$103K
FY2022$102K
FY2023$510K
FY2024$538K
FY2025$899K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jul 2021.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $384K Management & general 24% · $122K Fundraising 1% · $5K

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

11 people listed on the 990; $144K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chairman/Executive Director
$102,308Pt VII · Sec A
Board Member
$24,075Pt VII · Sec A
Vice Chair/Director of Talent
$17,694Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Nicole Hendrix’s $120K as Chairman/Executive Director is at the 48th percentile of top reported officer pay among 3924 $1–10M arts & culture 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
Nicole Hendrix$120,000$119,231$102,308$77,423$33,150
Xochitl Torres$100,000————
Carl Gist—$33,728———
Alison Mann$30,000$23,608$17,694$31,672$5,000
Matthew Waynee——$24,075$11,108$7,560

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 Bric 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 15aYes

Programs and updates

Increases representation in entertainment, gaming, media, and tech for women and underrepresented people.

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Provided by the organization

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3 programs · $362K · in their own filed words · FY2023
01

BRIC enrolled 7 apprentices into our apprenticeship program and engaged six employers for this first cohort. BRIC launched the High Roads Training Partnership to expand arts, media, and entertainment apprenticeships for community based organizations, labor unions, and registered apprenticeship programs.

$196Kprogram expense
02

BRIC served 4.7K attendees from 61 countries at the 2023 BRIC Summit virtually and 220 in person during industry day. Over 100 actionable solutions were collaboratively created.

$94Kprogram expense
03

BRIC launched a Pre-Apprenticeship program including a speaker series reaching 203 classrooms nationwide. BRIC supported our school districts (Centinela Valley Unified High School District, Inglwood Unified School District and Los Angeles Unified School District) with curriculum alignment, outreach support, portfolio support, and…

$72Kprogram 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
See all 4 funders →
Grants paid · 3 grants · $1.0M · 2025–2025
Social Impact FundCA · FY2025$312,450

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$918K
Ln 12
Gifts and grantsLn 1h$726K
Fees for servicesLn 2g$192K
Other incomeLn 4–11$700
Money outPt IX
$511K
Ln 25
Programscol B$384K
Managementcol C$122K
Fundraisingcol D$5K
Owns and owesPt X
$510K
net assets · Ln 32
Cash and savingsLn 1–2$441K
Total assetsLn 16$510K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$726K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$192K
Other incomeLn 4–11$700
Total revenueLn 12$918K
Assets in detailPt X, end of year
CashLn 1$441K
Cash and savings togetherLn 1–2$441K
Total assetsLn 16$510K
LiabilitiesLn 26$0
Net assetsLn 32$510K
OperationsPt I, VI
EmployeesI 59
VolunteersI 685
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$102K$441K
Total assetsLn 16$102K$510K
LiabilitiesLn 26$0$0
Net assetsLn 32$102K$510K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Pay of current officers, directors and key staffLn 5$120K$74K$41K$5K
Other salaries and wagesLn 7$49K$33K$16K
Other employee benefitsLn 9$862$862
Payroll taxesLn 10$25K$17K$7K
Management feesLn 11a$1K$1K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$221K$202K$20K$0
Advertising and promotionLn 12$15K$8K$8K
Office expensesLn 13$12K$6K$6K$168
Information technologyLn 14$2K$143$2K
TravelLn 17$9K$3K$5K
InsuranceLn 23$9K$6K$3K
Other expenses (24a–d)Ln 24$32K$32K$351$0
Total functional expensesLn 25$511K$384K$122K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.7M$2.3M$361K$899K 990 PDF
FY2024 $1.6M$1.5M$28K$538K 990 PDF
FY2023 Viewing $918K$511K$408K$510K 990 PDF
FY2022 $336K$337K−$981$102K 990 PDF
FY2021 $212K$123K$89K$103K 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 FY2023 990 (6 parts)
Part I · Summary $918,486 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $316,522$726,139
I-9 Program service revenuePrior year $19,500$191,647
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$700
I-12 Total revenuePrior year $336,022$918,486
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $152,267$194,669
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $184,736$316,034
I-18 Total expensesPrior year $337,003$510,703
I-19 Revenue less expensesPrior year −$981$407,783
Part VI · Governance 10 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $918,486 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$726,139
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$726,139
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $191,647 · Unrelated business $0 · Excluded from tax $0$191,647
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $700 · Unrelated business $0 · Excluded from tax $0$700
VIII-12 Total revenueRelated to mission $192,347 · Unrelated business $0 · Excluded from tax $0$918,486
Part IX · Statement of functional expenses $510,703 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $73,964 · Management $40,923 · Fundraising $5,115$120,002
IX-7 Other salaries and wagesPrograms $33,250 · Management $15,778$49,028
IX-9 Other employee benefitsPrograms $862$862
IX-10 Payroll taxesPrograms $17,355 · Management $7,422$24,777
IX-11a Management feesPrograms $1,050$1,050
IX-11c Accounting feesManagement $13,530$13,530
IX-11g Other fees for servicesPrograms $201,832 · Management $19,584 · Fundraising $0$221,416
IX-12 Advertising and promotionPrograms $7,770 · Management $7,665$15,435
IX-13 Office expensesPrograms $6,340 · Management $5,545 · Fundraising $168$12,053
IX-14 Information technologyPrograms $143 · Management $2,168$2,311
IX-17 TravelPrograms $3,413 · Management $5,230$8,643
IX-23 InsurancePrograms $5,954 · Management $3,375$9,329
IX-24 Other expenses (24a–d)Programs $31,916 · Management $351 · Fundraising $0$32,267
IX-25 Total functional expensesPrograms $383,849 · Management $121,571 · Fundraising $5,283$510,703
Part X · Balance sheet $509,525 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $101,742$440,533
X-3 Pledges and grants receivable$68,992
X-16 Total assetsStart of year $101,742$509,525
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $101,742$509,525
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $101,742$509,525
X-33 Total liabilities and net assetsStart of year $101,742$509,525
Part XI · Reconciliation of net assets $509,525 net assets at year end
XI-1 Total revenue$918,486
XI-2 Total expenses$510,703
XI-3 Revenue less expenses$407,783
XI-4 Net assets at start of year$101,742
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$509,525

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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