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B1 Foundation

EIN 84-4964205 · Baton Rouge, LA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood81 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ENHANCE EDUCATIONAL OPPORTUNITIES AND PROMOTE THE GROWTH OF THE COMMUNITIES WE SERVE THROUGH ECONOMIC DEVELOPMENT.

Income
$216,709
Spending
$111,746
Spent on programs
91%
Reserves
26.2 months of spending
Largest source of income
donations and private grants, 80%
Employees
0
Volunteers
5

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 87% of charities in its peer group (human services, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 26.2 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 48% of income.

  • Income trend

    15 of 15

    Income rose 105% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 81 out of 100. Higher than 70% of charities in its peer group (human services, under $250k).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $29,224 spent. The Governor Charles "Buddy" Roemer Small Business Center provides free financial education and counseling services, as well as rental offices for small businesses and start-ups. (Expenses $ 12,925 including grants of $ 12,925) TO SERVE AS AN ASSISTANCE FUND TO PROVIDE DISASTER AND OTHER HARDSHIP ASSISTANCE TO AN INDEFINITE CLASS OF INDIVIDUALS. THE FOUNDATION DISTRIBUTED $12,925 IN GRANTS. (Expenses $ 12,423 including grants of $)(Revenue $ 30,000) b1 FOUNDATION works to support entrepreneurs as they navigate the start-up process and prepare to seek financial services from a bank. We offer free one-on-one business counseling and educational courses for entrepreneurs and business owners.
  2. $24,875 spent. TO OFFER FINANCIAL AND EDUCATIONAL ASSISTANCE TO COMMUNITY-BASED ORGANIZATIONS.
  3. $22,000 spent. TO PROVIDE A SCHOLARSHIP FUND, AND TO ENGAGE IN OTHER CHARITABLE AND ECONOMIC DEVELOPMENT ACTIVITIES. THE FOUNDATION DISTRIBUTED $22,000 IN SCHOLARSHIPS TO EMPLOYEES AND THEIR CHILDREN. (Expenses $ 12,925 including grants of $ 12,925) TO SERVE AS AN ASSISTANCE FUND TO PROVIDE DISASTER AND OTHER HARDSHIP ASSISTANCE TO AN INDEFINITE CLASS OF INDIVIDUALS. THE FOUNDATION DISTRIBUTED $12,925 IN GRANTS. (Expenses $ 12,423 including grants of $)(Revenue $ 30,000) b1 FOUNDATION works to support entrepreneurs as they navigate the start-up process and prepare to seek financial services from a bank. We offer free one-on-one business counseling and educational courses for entrepreneurs and business owners.
  4. $12,925 spent. TO SERVE AS AN ASSISTANCE FUND TO PROVIDE DISASTER AND OTHER HARDSHIP ASSISTANCE TO AN INDEFINITE CLASS OF INDIVIDUALS. THE FOUNDATION DISTRIBUTED $12,925 IN GRANTS.
  5. $12,423 spent. b1 FOUNDATION works to support entrepreneurs as they navigate the start-up process and prepare to seek financial services from a bank. We offer free one-on-one business counseling and educational courses for entrepreneurs and business owners.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Ab Foundation (Washington, DC), EIN 27-5278038. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.