Black Capital Foundation

Nonprofit profile at a glance

EIN
862749636
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Denver, CO, USA
Phone
7202975301
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$13,250
Expenses
$13,324
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JAMES COLEMAN (PRESIDENT)

People named in this filing

  • JAMES COLEMAN (PRESIDENT)
  • GREGORY HATCHER (SECRETARY/TR)
  • KWON ATLAS (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To eliminate the wealth gap in the black community across america. To raise, invest, steward and expand capital for black businesses and communities. The black capital foundation (bcf) is a foundation designed to support and benefit black owned and operated businesses that serve the black community. Bcf aims to be a solution that will contribute to providing inclusivity and equity for black ownership. Through impactful partnerships that are aligned to create tangible and realistic approaches, bcf will work to close the wealth gap in the black community.

What it reported doing in 2024

Bcf will strategically invest the dollars raised to ensure long term financial security for bcf as well as create funnels of opportunity to purchase property, infrastructure and proprietary technology that black businesses and organizations can utilize to achieve their mission and meet their financial goals. Therefore, several grants were issued to businesses and organizations.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 100
  • Sustainability: 21
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 33.9%; rating input score 34
  • Program expense ratio: 33.7%; rating input score 34

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -0.6%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 45%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 5.5% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: -74.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -149.8% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 33.9% of revenue deployed · 33.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 34/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.