The B2b Project Foundation FY2023 filing

Tax-deductible

McLean, VA501(c)(3)Public & Societal BenefitEIN 84-4546567

The foundation acts as a supporting organization to the b2b project by conducting activities that improve the effectiveness of exceptional "board-ready" executives who support diversity of thought, perspective, and experience through educational peer advisory forums, educational programming, and expanding opportunities for board service.

501(c)(3) charity; gifts are tax-deductible.
26¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
2 of 3
filings with a surplus
Average surplus $4K a year · 9% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
26%
of spending
Concern: 26% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$34K
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20K
-81% vs prior year
Spent
$68K
To programs
26%
Net assets
$17K
By yearFY2021–FY2024
Revenue
$20K
FY2023▼ -81%
Revenue by fiscal year
FY2021$3K
FY2022$108K
FY2023$20K
FY2024$4K
Expenses
$68K
FY2023▲ +41%
Expenses by fiscal year
FY2021$3K
FY2022$48K
FY2023$68K
FY2024Not on file
Net assets
$17K
FY2023▼ -74%
Net assets by fiscal year
FY2021$5K
FY2022$65K
FY2023$17K
FY2024$5K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Mar 2022.

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

Where the money goes

26 cents of each dollar spent went to programs.

Program services 26% · $18K Management & general 3% · $2K Fundraising 71% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Chair/President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See The B2b Project 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves executive board readiness through peer advisory and educational programs.

Provided by the organization

This section is blank until The B2b Project Foundation claims this page.

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1 program service account for $18K of program spending, described in the organization's own filed words · FY2023.
01

As a 501(a)(9) supporting organization, the B2B project foundation funds specific education programs produced by the B2B project through grants. Expenditures incurred by the B2B project foundation are primarily associated with fundraising and administration of advisory committee (national leadership council).

$18Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $39K · 2022–2023
The B2b ProjectVA · FY2023$14,035
The B2b ProjectVA · FY2022$24,671

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$20K
Ln 12
Gifts and grantsLn 1h$20K
Money outPt IX
$68K
Ln 25
Programscol B$18K
Managementcol C$2K
Fundraisingcol D$48K
Owns and owesPt X
$17K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$51K
LiabilitiesLn 26$34K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Total revenueLn 12$20K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Total assetsLn 16$51K
LiabilitiesLn 26$34K
Net assetsLn 32$17K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$57K$51K
Total assetsLn 16$82K$51K
LiabilitiesLn 26$17K$34K
Net assetsLn 32$65K$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$14K$14K
Legal feesLn 11b$526$526
Accounting feesLn 11c$2K$2K
Professional fundraising feesLn 11e$48K$48K
Office expensesLn 13$49$49
OccupancyLn 16$115$115
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$68K$18K$2K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4K$5K 990 PDF
FY2023 Viewing $20K$68K−$48K$17K 990 PDF
FY2022 $108K$48K$60K$65K 990 PDF
FY2021 $3K$3K$113$5K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $20,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$20,000
VIII-1h Total contributions, gifts and grants$20,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$20,000
Part IX · Statement of functional expenses $67,530 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $14,035$14,035
IX-11b Legal feesPrograms $526$526
IX-11c Accounting feesManagement $1,750$1,750
IX-11e Professional fundraising feesFundraising $48,000$48,000
IX-13 Office expensesManagement $49$49
IX-16 OccupancyPrograms $115$115
IX-24 Other expenses (24a–d)Programs $3,055$3,055
IX-25 Total functional expensesPrograms $17,731 · Management $1,799 · Fundraising $48,000$67,530
Part X · Balance sheet $51,104 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $56,797$51,104
X-16 Total assetsStart of year $81,797$51,104
X-25 Other liabilitiesStart of year $17,265$34,102
X-26 Total liabilitiesStart of year $17,265$34,102
X-27 Net assets without donor restrictionsStart of year $64,532$17,002
X-32 Total net assets or fund balancesStart of year $64,532$17,002
X-33 Total liabilities and net assetsStart of year $81,797$51,104
Part XI · Reconciliation of net assets $17,002 net assets at year end
XI-1 Total revenue$20,000
XI-2 Total expenses$67,530
XI-3 Revenue less expenses−$47,530
XI-4 Net assets at start of year$64,532
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,002

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

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