Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
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
6 people listed on the 990.
Brandon Purnsley’s $20K as CFO is at the 3rd percentile of top reported officer pay among 3395 $1–10M education 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 · 2 named individuals · Part VII
| Name | FY2022 | FY2020 |
|---|---|---|
| Brandon Purnsley | $20,000 | — |
| Lorin Dale Pierce ESQ | — | $10,000 |
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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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
Encourages youth to attend HBCUs, offering scholarships and career pipelines.
Questions for Hbcu Week Foundation INC
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Hbcu Week 2024
The foundation hosted hbcu week in both wilmington, delaware and orlando, florida. In wilmington, the events consisted of a 5k RUN/WALK, a college tour at delaware state university for middle school students,two educational panels at local high schools, a concert, a college fair and a battle of the bands event.
Scholarship
The foundation administers several scholarships funded by donations from corporate partners and other organizations. The foundation creates applications, hosts an application platform, manages the application process and distributes funding all of the scholarships with the exception of future of(stem) scholars initiative.
Gala
In 2024, the foundation hosted its annual awards gala recognizing hbcu graduates who have made significant impact in their communities. Attendees of the event included government officials and other influential members of the local community.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $433K | $344K |
| Total assetsLn 16 | $595K | $469K |
| LiabilitiesLn 26 | $19K | $0 |
| Net assetsLn 32 | $577K | $469K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $730K | $730K | ||
| Accounting feesLn 11c | $28K | $0 | $28K | $0 |
| Professional fundraising feesLn 11e | $12K | $12K | ||
| Advertising and promotionLn 12 | $154K | $0 | $154K | $0 |
| Office expensesLn 13 | $10K | $0 | $10K | $0 |
| TravelLn 17 | $63K | $0 | $63K | $0 |
| Conferences, conventions and meetingsLn 19 | $22K | $0 | $22K | $0 |
| InsuranceLn 23 | $6K | $0 | $6K | $0 |
| Other expenses (24a–d)Ln 24 | $1.2M | $1.2M | $23K | $0 |
| All other expensesLn 24e | $516 | $0 | $516 | $0 |
| Total functional expensesLn 25 | $2.2M | $1.9M | $305K | $12K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $2.1M | $2.2M | −$108K | $469K | 990 PDF |
| FY2023 | $2.2M | $1.9M | $276K | $577K | 990 PDF |
| FY2022 | $2.1M | $2.2M | −$168K | $300K | 990 PDF |
| FY2021 | $1.2M | $966K | $208K | $459K | 990 PDF |
| FY2020 | $513K | $262K | $251K | $251K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,139,207 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $2,139,207 across 5 lines filed
Part IX · Statement of functional expenses $2,247,060 across 10 lines filed
Part X · Balance sheet $468,784 assets, 6 lines filed
Part XI · Reconciliation of net assets $468,784 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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