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Sf Black Wall Street Foundation

EIN 85-2793701 · San Francisco, CA

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

LegitimacyPassesRegistration and standingFinancial healthFair54 out of 100GovernanceFair66 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SF BLACK WALL STREET WAS FOUNDED IN JUNE 2020 BY A GROUP OF SEVEN BLACK SAN FRANCISCO NATIVES IN RESPONSE TO THE DEVASTATING IMPACT OF COVID-19 AND ANTI-BLACK RACISM ON BLACK BUSINESS, CULTURAL SPACE, AND STAKEHOLDERSHIP. WE ARE A NETWORK OF COMMUNITY SERVANTS, PROFESSIONALS, AND CULTURAL INFLUENCERS WHO ARE COMMITTED TO BLACK SOVEREIGNTY.

Income
$1.2 million
Spending
$1.4 million
Spent on programs
78%
Reserves
1.1 months of spending
Largest source of income
government grants, 74%
Employees
4
Volunteers
3
Highest pay
$157,725, executive director

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: 54 out of 100.

  • Reserves

    10 of 35

    Spendable reserves would cover 1.1 months of spending.

  • Debt

    10 of 20

    It owes 33% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 14% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    77% 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: 66 out of 100.

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a 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.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • 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 (4)
  1. $537,573 spent. BLACK MILLIONAIRE DEVELOPMENT PROGRAM: THE PROGRAM AIMS TO INCREASE THE NUMBER OF BLACK MICROBUSINESSES AND NON-TRADITIONAL BUSINESS OWNERS IN THE SAN FRANCISCO COMMUNITY. IT SEEKS TO STABILIZE EXISTING MICROBUSINESSES, CONNECT BUSINESS OWNERS WITH SERVICE PROVIDERS, AND ENHANCE NETWORKING AND SUPPORT AMONG PARTICIPATING ENTREPRENEURS. IN 2024, BMDP HAS PROVIDED OVER $352,000 IN MINI-GRANT INVESTMENTS AND HAS HAD 32 SUCCESSFUL GRADUATES, INCLUDING WOMEN, MEN, AND YOUNG ADULTS. THESE BMDP GRADUATES CONTINUE TO BE PART OF THE SFBWS NETWORK.
  2. $444,289 spent. JUNETEENTH: THE EVENT CONTINUES A 70-YEAR TRADITION OF JUNETEENTH CELEBRATIONS THAT HONOUR BLACK CULTURE AND FREEDOM IN SAN FRANCISCO. IT WILL FEATURE LIVE MUSIC, COMMUNITY WORKSHOPS, AND CULINARY EXPERIENCES, ATTRACTING BOTH LOCALS AND TOURISTS TO APPRECIATE THE RICH DIVERSITY OF BLACK CULTURE IN THE CITY. THIS MILESTONE CELEBRATION AIMS TO FURTHER ESTABLISH JUNETEENTH AS A CULTURAL AND ECONOMIC ANCHOR FOR BLACK-LED REVITALIZATION EFFORTS IN SAN FRANCISCO.
  3. $95,903 spent. HUMAN RIGHTS COMMISSION: BEGINNING IN SEPTEMBER 2022, THE DREAM KEEPER INITIATIVE (DKI) SPENT THE MONTHS OF OCTOBER TO DECEMBER ESTABLISHING ITS CURRICULUM, BRINGING IN CONSULTANTS, CREATING A SERVICE MENU, AND IDENTIFYING BUSINESSES ELIGIBLE FOR MASTER CLASSES. IN 2024, FOUR SMALL BUSINESSES WERE SELECTED, AND DKI DESIGNED MASTER CLASSES TO HELP THESE BUSINESSES SCALE THEIR OPERATIONS. THE PROGRAM FOCUSED ON ADDRESSING COMPLIANCE ISSUES AND IMPROVING INFRASTRUCTURE AND ADMINISTRATIVE SYSTEMS THROUGH ONE-ON-ONE PROFESSIONAL COACHING.
  4. $21,290 spent. THE BAYVIEW NIGHT MARKET AIMS TO CREATE A VIBRANT, INCLUSIVE COMMUNITY EVENT THAT CELEBRATES LOCAL CULTURE, SUPPORTS SMALL AND MICRO BUSINESSES, AND ENGAGES RESIDENTS AND VISITORS ALIKE. LOCATED IN THE HEART OF BAYVIEW, THE MARKET WILL FEATURE A DIVERSE ARRAY OF VENDORS OFFERING ARTISANAL GOODS, CULINARY DELIGHTS, AND UNIQUE EXPERIENCES.

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 October 13, 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 October 13, 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 October 13, 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 October 13, 2026.

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

    Recognized by the IRS since September 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 2026.

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