Mbi Educational Foundation Inc

Charlottesvle, VA
Tax-exempt since Jan. 2001
EIN: 54-2005704

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Type of Nonprofit

Designated as a 501(c)(3) 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 / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$52.5k (2023)

Expenses

$23.5k (2023)

Total Assets

$391k (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$52,457

Expenses

$23,479

Net Income

$28,978

Net Assets

$390,812

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$44,650	85.1%
Interest Revenue	$0
Dividends	$7,028	13.4%
Sales of Assets	$779	1.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,479	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	$390,812
Total Liabilities	$0
Net Assets	$390,812

Compensation

Key Employees and Officers	Compensation	Other
Kelly Williams (Chair)	$0	$0
Kathy Wilmot (Vice Chair)	$0	$0
Mike Rhoades (Sec./Treas.)	$0	$0
Steven Williams (Exec. Direct)	$0	$0
Brad Gudeman (Director)	$0	$0
Kent Anderson (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Maury Tiernan (Director)	$0	$0

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990-PF

Filed on May 13, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$224,344

Expenses

$25,840

Net Income

$198,504

Net Assets

$327,846

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$224,344	100%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,840	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	$327,846
Total Liabilities	$0
Net Assets	$327,846

Compensation

Key Employees and Officers	Compensation	Other
Mike Rhoades (Sec./Treas.)	$0	$0
Steven Williams (Exec. Direct)	$0	$0
Kelly Williams (Chair)	$0	$0
Kathy Wilmot (Vice Chair)	$0	$0
Brad Gudeman (Director)	$0	$0
Maury Tiernan (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0
Kent Anderson (Director)	$0	$0

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990-PF

Filed on May 15, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$38,040

Expenses

$22,715

Net Income

$15,325

Net Assets

$129,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$38,040	100%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,715	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	$129,342
Total Liabilities	$0
Net Assets	$129,342

Compensation

Key Employees and Officers	Compensation	Other
Mike Rhoades (Sec./Treas.)	$0	$0
Steven Williams (Exec. Direct)	$0	$0
Kelly Williams (Chair)	$0	$0
Kathy Wilmot (Vice Chair)	$0	$0
Brad Gudeman (Director)	$0	$0
Maury Tiernan (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0
Kent Anderson (Director)	$0	$0
Ciff Cort (Director)	$0	$0

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990-PF

Filed on Sept. 29, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$54,168

Expenses

$29,610

Net Income

$24,558

Net Assets

$114,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$54,168	100%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,610	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	$114,017
Total Liabilities	$1
Net Assets	$114,016

Compensation

Key Employees and Officers	Compensation	Other
John Erb (Chair)	$0	$0
Mike Rhoades (Sec./Treas.)	$0	$0
Steven Williams (Exec. Direct)	$0	$0
Kelly Williams (Vice Chair)	$0	$0
Brad Gudeman (Director)	$0	$0
Maury Tiernan (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0
Kathy Wilmot (Director)	$0	$0
Kent Anderson (Director)	$0	$0

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990-PF

Filed on Nov. 10, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$71,025

Expenses

$33,610

Net Income

$37,415

Net Assets

$89,458

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$71,025	100%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,110	98.5%
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	$89,459
Total Liabilities	$1
Net Assets	$89,458

Compensation

Key Employees and Officers	Compensation	Other
John Erb (Chair)	$0	$0
Mike Rhoades (Sec./Treas.)	$0	$0
Steven Williams (Exec. Direct)	$0	$0
Kelly Williams (Vice Chair)	$0	$0
Brad Gudeman (Director)	$0	$0
Maury Tiernan (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Clifford Cort (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0
Chris Schmidt (Director)	$0	$0
Kathy Wilmot (Director)	$0	$0
Kent Anderson (Director)	$0	$0

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990-PF

Filed on Oct. 1, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$14,170

Expenses

$18,115

Net Income

-$3,945

Net Assets

$52,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,170	100%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,115	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	$52,044
Total Liabilities	$0
Net Assets	$52,044

Compensation

Key Employees and Officers	Compensation	Other
Brad Gudeman (Chair)	$0	$0
John Erb (Vice Chair)	$0	$0
Michael Wilmot (Sec./Treas.)	$0	$0
Steven Williams (Exec. Direct)	$0	$0
Kelly Williams (Director)	$0	$0
Maury Tiernan (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Jeff Deutschendorf (Director)	$0	$0
Clifford Cort (Director)	$0	$0
Ian Atkins (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0

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990-PF

Filed on Nov. 12, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$33,700

Expenses

$46,967

Net Income

-$13,267

Net Assets

$55,989

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$33,700	100%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,967	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	$57,189
Total Liabilities	$1,200
Net Assets	$55,989

Compensation

Key Employees and Officers	Compensation	Other
Brad Gudeman (Chair)	$0	$0
John Erb (Vice Chair)	$0	$0
Michael Wilmot (Sec./Treas.)	$0	$0
Steven Williams (Exec. Direct)	$0	$0
Kelly Williams (Director)	$0	$0
Maury Tiernan (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Jeff Deutschendorf (Director)	$0	$0
Clifford Cort (Director)	$0	$0
Ian Atkins (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0

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990-PF

Filed on Aug. 7, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$15,379

Expenses

$17,102

Net Income

-$1,723

Net Assets

$69,256

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,290	99.4%
Interest Revenue	$89	0.6%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,102	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	$69,256
Total Liabilities	$0
Net Assets	$69,256

Compensation

Key Employees and Officers	Compensation	Other
Brad Gudeman (Chair)	$0	$0
John Erb (Vice Chair)	$0	$0
Michael Wilmot (Sec./Treas.)	$0	$0
Steven Williams (Exec. Direct)	$0	$0
Kelly Williams (Director)	$0	$0
Maury Tiernan (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Jeff Deutschendorf (Director)	$0	$0
Clifford Cort (Director)	$0	$0
Ian Atkins (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0

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990-PF

Filed on June 22, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$17,573

Expenses

$19,346

Net Income

-$1,773

Net Assets

$70,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,490	99.5%
Interest Revenue	$83	0.5%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,346	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	$70,979
Total Liabilities	$0
Net Assets	$70,979

Compensation

Key Employees and Officers	Compensation	Other
Brad Gudeman (Chair)	$0	$0
John Erb (Vice Chair)	$0	$0
Michael Wilmot (Secretary/Treasurer)	$0	$0
Steven Williams (Executive Director)	$0	$0
Kelly Williams (Director)	$0	$0
Maury Tiernan (Director)	$0	$0
Ralph Tavares (Director)	$0	$0
Jeff Deutschendorf (Director)	$0	$0
Clifford Cort (Director)	$0	$0
Ian Atkins (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0

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990-PF

Filed on Aug. 12, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$14,788

Expenses

$42,718

Net Income

-$27,930

Net Assets

$72,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,650	99.1%
Interest Revenue	$138	0.9%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,715	100.0%
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	$72,752
Total Liabilities	$0
Net Assets	$72,752

Compensation

Key Employees and Officers	Compensation	Other
Ralph Tavares (Director)	$0	$0
Steven Williams (Executive Director)	$0	$0
Michael Wilmot (Secretary/Treasurer)	$0	$0
Maury Tiernan (Director)	$0	$0
Brad Gudeman (Chair)	$0	$0
Jeff Deutschendorf (Director)	$0	$0
John Erb (Vice Chair)	$0	$0
Clifford Cort (Director)	$0	$0
Walter Griffin (Director)	$0	$0
Ian Atkins (Director)	$0	$0
Kelly Williams (Director)	$0	$0
Harry Klukas (Director)	$0	$0

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990-PF

Filed on Aug. 13, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$21,585

Expenses

$36,516

Net Income

-$14,931

Net Assets

$100,682

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,447	99.4%
Interest Revenue	$138	0.6%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,512	100.0%
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	$100,682
Total Liabilities	$0
Net Assets	$100,682

Compensation

Key Employees and Officers	Compensation	Other
Ralph Tavares (Director)	$0	$0
Steven Williams (Executive Director)	$0	$0
Michael Wilmot (Secretary/Treasurer)	$0	$0
Maury Tiernan (Director)	$0	$0
Brad Gudeman (Chair)	$0	$0
Jeff Deutschendorf (Secretary)	$0	$0
John Erb (Vice Chair)	$0	$0
Clifford Cort (Director)	$0	$0
Walter Griffin (Director)	$0	$0
Ian Atkins (Director)	$0	$0
Kelly Williams (Director)	$0	$0
Michael Bollero Sr (Director)	$0	$0

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990-PF

Filed on Aug. 14, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$52,276

Expenses

$44,095

Net Income

$8,181

Net Assets

$115,613

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$40,915	78.3%
Interest Revenue	$411	0.8%
Dividends	$0
Sales of Assets	$0
Other Income	$10,950	20.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,869	97.2%
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	$115,613
Total Liabilities	$0
Net Assets	$115,613

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$11,458

Expenses

$67,590

Net Income

-$56,132

Net Assets

$107,432

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,050	96.4%
Interest Revenue	$408	3.6%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$67,556	99.9%
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	$107,432
Total Liabilities	$0
Net Assets	$107,432

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Mbi Educational Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $52.5k (2023)

Expenses $23.5k (2023)

Total Assets $391k (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$52.5k (2023)

Expenses

$23.5k (2023)

Total Assets

$391k (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Feb.
2004

Fiscal Year Ending Feb.
2003

Fiscal Year Ending Feb.
2002