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Hbcu Week Foundation Inc

EIN 85-1276996 · Wilmington, DE

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

LegitimacyPassesRegistration and standingFinancial healthFair59 out of 100GovernanceFair61 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF HBCU WEEK IS TO ENCOURAGE HIGH SCHOOL AGED YOUTH TO ENROLL INTO HBCUS, PROVIDE SCHOLARSHIP DOLLARS FOR MATRICULATION AND SUSTAIN A PIPELINE FOR EMPLOYMENT FROM UNDERGRADUATE SCHOOL TO CORPORATE AMERICA.

Income
$2.1 million
Spending
$2.2 million
Spent on programs
86%
Reserves
2.5 months of spending
Largest source of income
donations and private grants, 75%
Employees
0
Volunteers
8

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

Fair: 59 out of 100. Higher than 40% of charities in its peer group (education, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    10 of 15

    Income fell 3% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 1 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

Fair: 61 out of 100. Higher than 18% of charities in its peer group (education, $1m to $10m).

  • Independent board

    18 of 25

    3 of 4 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.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • 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. $945,569 spent. HBCU WEEK 2024 - THE FOUNDATION HOSTED HBCU WEEK IN BOTH WILMINGTON, DELAWARE AND ORLANDO, FLORIDA. IN WILMINGTON, THE EVENTS CONSISTED OF A 5K RUN/WALK, A COLLEGE TOUR AT DELAWARE STATE UNIVERSITY FOR MIDDLE SCHOOL STUDENTS,TWO EDUCATIONAL PANELS AT LOCAL HIGH SCHOOLS, A CONCERT, A COLLEGE FAIR AND A BATTLE OF THE BANDS EVENT. IN ORLANDO, THE FOUNDATION HOSTED A WELCOME RECEPTION AND COLLEGE FAIR. INSTITUTIONS PRESENT AT THE COLLEGE FAIR OFFERED 4,450 ON THE SPOT ACCEPTANCES AND 1,448 SCHOLARSHIPS TOTALING APPROXIMATELY $26,719,498.
  2. $191,877 spent. GALA - IN 2024, THE FOUNDATION HOSTED ITS ANNUAL AWARDS GALA RECOGNIZING HBCU GRADUATES WHO HAVE MADE SIGNIFICANT IMPACT IN THEIR COMMUNITIES. ATTENDEES OF THE EVENT INCLUDED GOVERNMENT OFFICIALS AND OTHER INFLUENTIAL MEMBERS OF THE LOCAL COMMUNITY. THE EVENT RAISED $110,523 IN PROFITS, ALL OF WHICH WAS REINVESTED INTO THE FOUNDATIONS CORE OPERATIONS.
  3. $779,186 spent. SCHOLARSHIP - THE FOUNDATION ADMINISTERS SEVERAL SCHOLARSHIPS FUNDED BY DONATIONS FROM CORPORATE PARTNERS AND OTHER ORGANIZATIONS. THE FOUNDATION CREATES APPLICATIONS, HOSTS AN APPLICATION PLATFORM, MANAGES THE APPLICATION PROCESS AND DISTRIBUTES FUNDING ALL OF THE SCHOLARSHIPS WITH THE EXCEPTION OF FUTURE OF(STEM) SCHOLARS INITIATIVE.
  4. $13,015 spent. ACTIVITY IS RELATED HBCU WEEKS SMALLER TARGETED PROGRAMS.
  5. ACTIVITY IS RELATED HBCU WEEKS SMALLER TARGETED PROGRAMS. 13015. 0. 0.

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 July 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.

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.