Bric Foundation EIN 83-1408476 Form 990 (PDF) Claim this org

Bric Foundation FY2023 filing

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Increases representation in entertainment, gaming, media, and tech for women and underrepresented people. For fiscal year 2023 it reported $918K in revenue, $511K in expenses, and $510K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
N Hollywood, CA
Website
bricfoundation.org
Filings
4 on file (2021–2023)
Revenue
$918KFY2023
Expenses
$511K
Net assets
$510K
People
11
Filings
4
Updates
0
More identity details & actions ⌄
EIN  83-1408476 Public charity (501(c)(3)) N Hollywood, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Increases representation in entertainment, gaming, media, and tech for women and underrepresented people.
Leadership
Nicole Hendrix · Chairman/Executive Director · $102K
Money in and out
$918K revenue, $511K expenses
Bottom line
75% program efficiency
Where the money goes · FY2023
Total revenue
$918K
Pt VIII · Ln 12
Total expenses
$511K
Pt IX · Ln 25
Net assets
$510K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $408K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.24 Fundraising $0.01
Program efficiency
75%
of spending reaches programs
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+44%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$918K
FY2023▲ +173%
Expenses
$511K
FY2023▲ +52%
Total assets
$510K
FY2023▲ +401%
Total liabilities
$0
FY2023
Total revenue
$918K
Pt VIII · Ln 12
Total expenses
$511K
Pt IX · Ln 25
Net assets
$510K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$408K
Total assetsPt X · Ln 16$510K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $362K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBric Foundation
EINHdr · item D83-1408476
Principal addressHdr · item CN Hollywood, CA
WebsiteHdr · item Jbricfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFJul 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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 $119K as Chairman/Executive Director is at the 47th percentile of top reported officer pay among 3916 $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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Nicole Hendrix$119,231$102,308$77,423$33,150
Carl Gist$33,728
Alison Mann$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.

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Statement of Revenue

Part VIII
Contributions & grants$726K · 79%
Program service revenue$192K · 21%
Contributions & grants79%$726K
Program service revenue21%$192K
Other revenue$700
Total revenueLn 12$918K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.24 Fundraising $0.01
Program services75%$384K
Management & general24%$122K
Fundraising1%$5K
Total functional expensesLn 25$511K

Balance Sheet

Part X · end of year
CashLn 1$441K
Total assetsLn 16$510K
Total liabilitiesLn 26$0
Total net assetsLn 32$510K
Months of cash on handcomputed10.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $441K · Operating expenses/yr $511K
10.4 months
Where the money goes
Program services
Program services $384K · Total expenses $511K
75%
Management & General
Management & general $122K · Total expenses $511K
24%
Fundraising
Fundraising $5K · Total expenses $511K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $418K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $726K · Total revenue $918K
79%
Government reliance
Government grants $0 · Total revenue $918K
0%
Earned-income share
Program service revenue $192K · Total revenue $918K
21%
Investment reliance
Investment income $0 · Total revenue $918K
0%
Program self-sufficiency
Program service revenue $192K · Total expenses $511K
38%
Growth & trend
Revenue growth (YoY)
This year $918K · Prior year $336K
+173%
Net-asset trend (YoY)
End of year $510K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $918K · Expenses $511K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $510K
Net-asset ratio
Net assets $510K · Total assets $510K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $510K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nicole Hendrix · Reported title Chairman/Executive Director · Highest reported compensation $102K · Total expenses $511K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $195K · Total expenses $511K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 24%
Fundraising cost ratio 0.7%
Revenue growth 173%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.6M revenue · ⤓ 990 PDF
FY2023$918K revenue · viewing · ⤓ 990 PDF
FY2022$336K revenue · ⤓ 990 PDF
FY2021$212K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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