Bric Foundation
Nonprofit profile at a glance
- EIN
- 831408476
- IRS 990 coverage
- 2021–2025
- Forms available
- Form 990 2025
- Location
- Los Angeles, CA, USA
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $2,678,393
- Expenses
- $2,317,275
- Assets
- $1,266,814
- Liabilities
- $367,842
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Nicole Hendrix (Chairman/Executive Director)
Highest reported compensation
- Nicole Hendrix (Chairman/Executive Director): $121,200 total reported compensation
- Xochitl Torres (Director of Workforce): $104,500 total reported compensation
- Alison Mann (Vice Chair/Director of Talent): $30,300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
BRIC Foundation has one main goal: to increase representation in Entertainment, Gaming, Media and Tech. By strategically engaging with leaders across these industries, along with Government and Education Partners, BRIC strives to Break, Reinvent, Impact and Change the foundations of these businesses and create inclusive opportunities for women and underrepresented people to be successful.
What it reported doing in 2025
Education Initiatives - We helped over 300 high school students prepare and attend LightBox Expo- the largest concept art/animation conference in the US, launched our digital badging program, and provided educator support for apprenticeship alignment. Hosted more than 35 events reaching more than 3,300 students and emerging creatives. Facilitated more than 100 portfolio reviews, providing students with personalized feedback from industry professionals and studio recruiters. Launched 4 new Digital Badging skills certifications in Budgeting, Scheduling, Creative Production Management, and Graphic Design
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 89
- Accountability: 75
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.4%; rating input score 80
- Program expense ratio: 92.9%; rating input score 93
- Fundraising efficiency: $86.45 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.5%; rating input score 88; 20th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.5%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 11%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 61.5% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 54% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 54.5% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 80.4% of revenue deployed · 92.9% of spending went to programs
- Governance: 7 of 8 board members independent · 5 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $2.2M in reported program spending
- Leadership: top reported pay $121K · 13 people listed
- Consistency: 41 of 42 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.