Hbcu Cares EIN 85-3199841

Hbcu Cares

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Unites colleges to share research and programs for economic and workforce opportunities. For fiscal year 2025 it reported $854K in revenue, $604K in expenses, and $786K in net assets.Pt I

Founded
2020
Type
Public charity (501(c)(3)) · Community Development
Location
Birmingham, AL
Website
www.hbcucares.org
Filings
3 on file (2023–2025)
Revenue
$854KFY2025
Expenses
$604K
Net assets
$786K
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  85-3199841 Public charity (501(c)(3)) Birmingham, AL Founded 2020
Form 990 (PDF)
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Size
$100K–1M
What they do
Unites colleges to share research and programs for economic and workforce opportunities.
Leadership
Brittany Holloman · Executive Director · $111K
Money in and out
$854K revenue, $604K expenses
Bottom line
84% program efficiency
Where the money goes · FY2025
Total revenue
$854K
Pt VIII · Ln 12
Total expenses
$604K
Pt IX · Ln 25
Net assets
$786K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $250K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs▲ +92% vs prior filing year
Operating runway
15.6mo
months of highly liquid reserves at operating expense rate▼ -15% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▲ +21% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$854K
FY2025▲ +84%
Expenses
$604K
FY2025▲ +72%
Total assets
$787K
FY2025▲ +47%
Total liabilities
$744
FY2025
Total revenue
$854K
Pt VIII · Ln 12
Total expenses
$604K
Pt IX · Ln 25
Net assets
$786K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$250K
Total assetsPt X · Ln 16$787K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $166K of program spending, described in the organization's own filed words · FY2025.
01

Innovators Fellowship & Legacy Launchpad is an entrepreneurship and innovation accelerator program designed to support students and recent alumni from Historically Black Colleges and Universities (HBCUs) and Historically Black Community Colleges (HBCCs).

$84Kprogram expense
02

State Agency Talent Pipeline

The State Agency Talent Pipeline Grant Initiative is a workforce development program designed to strengthen connections between Alabama state agencies and students attending Historically Black Colleges and Universities (HBCUs) and Historically Black Community Colleges (HBCCs).

$75Kprogram expense
03

Birmingham Executive Class

The Executive Director participated in the Birmingham Executive Class through Momentum Leaders, a professional development and leadership training program designed to strengthen executive leadership, strategic planning, community engagement, and organizational effectiveness.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHbcu Cares
EINHdr · item D85-3199841
Principal addressHdr · item CBirmingham, AL
WebsiteHdr · item Jwww.hbcucares.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFMar 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
Executive Director
$110,915Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A

Brittany Holloman’s $111K as Executive Director is at the 79th percentile of top reported officer pay among 1711 $100K–1M community development 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

NameFY2025FY2024FY2023
Brittany Holloman$110,915
Danielle Kennedy-Jones$59,500
James Aaron Pierre$22,897
Anita Jarman$5,000

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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Statement of Revenue

Part VIII
Contributions & grants100%$852K
Investment income$2K
— government grantsLn 1e$772K
Total revenueLn 12$854K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$505K
Management & general16%$99K
Total functional expensesLn 25$604K

Balance Sheet

Part X · end of year
CashLn 1$787K
Total assetsLn 16$787K
Total liabilitiesLn 26$744
Total net assetsLn 32$786K
Months of cash on handcomputed15.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $787K · Operating expenses/yr $604K
15.6 months
Where the money goes
Program services
Program services $505K · Total expenses $604K
84%
Management & General
Management & general $99K · Total expenses $604K
16%
Fundraising
Fundraising $0 · Total expenses $604K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $324K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $852K · Total revenue $854K
100%
Government reliance
Government grants $772K · Total revenue $854K
90%
Earned-income share
Program service revenue $0 · Total revenue $854K
0%
Investment reliance
Investment income $2K · Total revenue $854K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $604K
0%
Growth & trend
Revenue growth (YoY)
This year $854K · Prior year $464K
+84%
Net-asset trend (YoY)
End of year $786K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $854K · Expenses $604K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $787K
Net-asset ratio
Net assets $786K · Total assets $787K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $787K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brittany Holloman · Reported title Executive Director · Highest reported compensation $111K · Total expenses $604K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $123K · Total expenses $604K
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Revenue growth 84%

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 · this organization's grantmaking
Grants paid · 6 grants · $86K · 2025–2025
Alabama a & M UniversityFY2025$26,000
Tuskegee UniversityAL · FY2025$25,000

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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
FY2025 (Latest)$854K revenue · viewing · ⤓ 990 PDF
FY2024$464K revenue · ⤓ 990 PDF
FY2023$429K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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