B1 Foundation EIN 84-4964205

B1 Foundation

EIN  84-4964205 Public charity (501(c)(3)) Baton Rouge, LA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Educates small businesses and entrepreneurs to bridge gaps.
Leadership
Heather Roemer · Director, President
Money in and out
$217K revenue, $112K expenses
Bottom line
91% program efficiency

Educates small businesses and entrepreneurs to bridge gaps. For fiscal year 2024 it reported $217K in revenue, $112K in expenses, and $244K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$217K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$244K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $105K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs▲ +29% vs prior filing year
Operating runway
26.2mo
months of highly liquid reserves at operating expense rate▼ -3% vs prior filing year
Surplus margin
+48%
revenue over expenses, this year▲ +17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$217K
FY2024▲ +105%
Expenses
$112K
FY2024▲ +81%
Total assets
$244K
FY2024▲ +76%
Total liabilities
$0
FY2024
Total revenue
$217K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$244K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$105K
Total assetsPt X · Ln 16$244K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $76K of program spending, described in the organization's own filed words · FY2024.
01

The Governor Charles "Buddy" Roemer Small Business Center provides free financial education and counseling services, as well as rental offices for small businesses and start-ups.

$29Kprogram expense
02

To offer financial and educational assistance to community-based organizations.

$25Kprogram expense
03

To provide a scholarship fund, and to engage in other charitable and economic development activities. The foundation distributed $22,000 in scholarships to employees and their children.

$22Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CB1 Foundation
EINHdr · item D84-4964205
Principal addressHdr · item CBaton Rouge, LA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director, President
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$173K · 80%
Program service revenue$44K · 20%
Contributions & grants80%$173K
Program service revenue20%$44K
Total revenueLn 12$217K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$101K
Management & general9%$10K
Total functional expensesLn 25$112K

Balance Sheet

Part X · end of year
CashLn 1$244K
Total assetsLn 16$244K
Total liabilitiesLn 26$0
Total net assetsLn 32$244K
Months of cash on handcomputed26.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $244K · Operating expenses/yr $112K
26.2 months
Where the money goes
Program services
Program services $101K · Total expenses $112K
91%
Management & General
Management & general $10K · Total expenses $112K
9%
Fundraising
Fundraising $0 · Total expenses $112K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $142K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $173K · Total revenue $217K
80%
Government reliance
Government grants — · Total revenue $217K
Earned-income share
Program service revenue $44K · Total revenue $217K
20%
Investment reliance
Investment income $0 · Total revenue $217K
0%
Program self-sufficiency
Program service revenue $44K · Total expenses $112K
39%
Growth & trend
Revenue growth (YoY)
This year $217K · Prior year $106K
+105%
Revenue CAGR
FY2020 $110K · FY2024 $217K
+19%
Net-asset trend (YoY)
End of year $244K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $217K · Expenses $112K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $244K
Net-asset ratio
Net assets $244K · Total assets $244K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $244K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Heather Roemer · Reported title DIRECTOR, PRESIDENT · Highest reported compensation $0 · Total expenses $112K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $112K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth 105%
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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$16K
Grants paid · 13 grants · $321K · 2021–2024
Unitemized GrantFY2024$22,000
Unitemized GrantFY2024$12,925
Bread of Life INCTX · FY2024$5,000
Unitemized GrantFY2023$17,000
Unitemized GrantFY2023$12,704
Unitemized GrantFY2022$19,000
Unitemized GrantFY2022$4,000
Unitemized GrantFY2021$177,100

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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)$217K revenue · viewing · ⤓ 990 PDF
FY2023$106K revenue · ⤓ 990 PDF
FY2022$153K revenue · ⤓ 990 PDF
FY2021$223K revenue · ⤓ 990 PDF
FY2020$110K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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