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Bfb Foundation Inc

  • Charlotte, NC
  • Tax-exempt since Aug. 2012
  • EIN: 45-2402969

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$243k (2024)

Expenses
$205k (2024)

Total Assets
$299k (2024)

Total Liabilities
$4.72k (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$242,835
Expenses
$204,612
Net Income
$38,223
Net Assets
$294,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $242,586
99.9%
Program Services $0
Investment Income $249
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $299,164
Total Liabilities $4,717
Net Assets $294,447
Compensation
Key Employees and Officers Compensation Related Other
Christine Burns Fazzi (Board Chair) $0 $0 $0
Thomas Farrell (Vice Chair) $0 $0 $0
Anne Vari (Secretary) $0 $0 $0
Lynne Barr (Treasurer) $0 $0 $0
Linda Arntzen (Director) $0 $0 $0
Shelly Brock (Director) $0 $0 $0
Gerrianne Winky Burks (Director) $0 $0 $0
Deb Foote (Director) $0 $0 $0
Kathleen Greeson (Director) $0 $0 $0
Jennifer Jackson (Director) $0 $0 $0
James Patterson (Director) $0 $0 $0
Paulina Scott Torrebiarte (Director) $0 $0 $0
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Document Links

990
Filed on May 9, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$199,887
Expenses
$224,242
Net Income
-$24,355
Net Assets
$256,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $199,620
99.9%
Program Services $0
Investment Income $267
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,750
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $256,224
Total Liabilities $0
Net Assets $256,224
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth Love Maddrey (Executive Director (Ended 5/2023)) $18,750 $0 $0
Christine Burns Fazzi (Board Chair) $0 $0 $0
Thomas Farrell (Vice Chair) $0 $0 $0
Anne Vari (Secretary) $0 $0 $0
Lynne Barr (Treasurer) $0 $0 $0
Linda Arntzen (Director) $0 $0 $0
Shelly Brock (Director) $0 $0 $0
Gerrianne Winky Burks (Director) $0 $0 $0
Deb Foote (Director) $0 $0 $0
Kathleen Greeson (Director) $0 $0 $0
Heather Herrig (Director) $0 $0 $0
Jennifer Jackson (Director) $0 $0 $0
James Patterson (Director) $0 $0 $0
Paulina Scott Torrebiarte (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 29, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$373,555
Expenses
$397,569
Net Income
-$24,014
Net Assets
$280,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $373,542
100.0%
Program Services $0
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $281,078
Total Liabilities $499
Net Assets $280,579
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth Love Maddrey (Executive Director) $35,750 $0 $0
Christine Burns Fazzi (Board Chair) $0 $0 $0
Thomas Farrell (Vice Chair) $0 $0 $0
Anne Vari (Secretary) $0 $0 $0
Lynne Barr (Treasurer) $0 $0 $0
Shelly Brock (Director) $0 $0 $0
Gerrianne Winky Burks (Director) $0 $0 $0
Deb Foote (Director) $0 $0 $0
Heather Herrig (Director) $0 $0 $0
Jennifer Jackson (Director) $0 $0 $0
James Patterson (Director) $0 $0 $0
Paulina Scott Torrebiarte (Director) $0 $0 $0
Linda Arntzen (Director) $0 $0 $0
Kathleen Greeson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$360,069
Expenses
$333,025
Net Income
$27,044
Net Assets
$304,593
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $362,201
> 100%
Interest Revenue $3
0.0%
Dividends $0
Sales of Assets -$2,135
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $333,025
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $308,369
Total Liabilities $3,776
Net Assets $304,593
Compensation
Key Employees and Officers Compensation Other
Christine Burns Fazzi (Board Chair) $0 $0
Thomas Farrell (Vice Chair) $0 $0
Pilar Fitzgerald (Secretary) $0 $0
Lynne Barr (Treasurer) $0 $0
Shelly Brock (Director) $0 $0
Gerrianne Winky Burks (Director) $0 $0
Deb Foote (Director) $0 $0
Heather Herrig (Director) $0 $0
Jennifer Jackson (Director) $0 $0
James Patterson (Director) $0 $0
Paulina Scott Torrebiarte (Director) $0 $0
Anne Vari (Director) $0 $0
Elizabeth Love Maddrey (Executive Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 17, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$311,111
Expenses
$243,140
Net Income
$67,971
Net Assets
$275,506
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $291,601
93.7%
Interest Revenue $2,015
0.6%
Dividends $0
Sales of Assets $17,495
5.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $248,677
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $275,543
Total Liabilities $37
Net Assets $275,506
Compensation
Key Employees and Officers Compensation Other
Christine Burns Fazzi (Board Chair) $0 $0
Pilar Fitzgerald (Secretary) $0 $0
Jeff Ziliani (Treasurer) $0 $0
Gerrianne Winky Burks (Director) $0 $0
Thomas Farrell (Director) $0 $0
Deb Foote (Director) $0 $0
Heather Herrig (Director) $0 $0
Jennifer Jackson (Director) $0 $0
James Patterson (Director) $0 $0
Marlene Schwartz (Director) $0 $0
Paulina Scott Torrebiarte (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Oct. 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$674,224
Expenses
$321,941
Net Income
$352,283
Net Assets
$384,879
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $674,224
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $321,666
99.9%
Compensation of Officers* $60,500
18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $384,918
Total Liabilities $39
Net Assets $384,879

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$253,581
Expenses
$296,154
Net Income
-$42,573
Net Assets
-$1,142
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $253,581
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $296,154
100%
Compensation of Officers* $50,807
17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,612
Total Liabilities $2,754
Net Assets -$1,142

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$252,667
Expenses
$215,386
Net Income
$37,281
Net Assets
$41,431
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $252,667
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $215,386
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $43,906
Total Liabilities $2,475
Net Assets $41,431

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,202
Expenses
$15,052
Net Income
$4,150
Net Assets
$4,150
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $19,202
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,052
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,150
Total Liabilities $0
Net Assets $4,150

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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