BELOVED COMMUNITY INCUBATOR INC Charity Report

Public IRS 990 nonprofit record

BELOVED COMMUNITY INCUBATOR INC

EIN 83-3133482 · Employment Preparation & Procurement (J20)

What they do

BELOVED COMMUNITY INCUBATOR (BCI) is WORKER SELF-DIRECTED NON-PROFIT THAT SUPPORTS and ORGANIZES RESOURCES for COMMUNITY-BASED COOPERATIVES and COLLECTIVES IN THE DC METRO AREA. BCI PROVIDES HIGH-TOUCH INCUBATION SUPPORT - INCLUDING LEADERSHIP DEVELOPMENT, ECOSYSTEM and WE SUPPORT WORKERS to CREATE and MAINTAIN COLLECTIVELY OWNED BUSINESSES SO THAT WORKERS CAN CONTROL THEIR WORK, PAY THEMSELVES LIVING WAGES, BUILD A DEMOCRATIC PRACTICE of STEWARDING RESOURCES TOGETHER and ENGAGE IN THE WIDER DMV AREA MOVEMENT ECOSYSTEM THAT is BUILDING ABOLITION and DECOLONIZATION. WE PROVIDE HIGH-TOUCH INCUBATION SUPPORT - INCLUDING LEADERSHIP DEVELOPMENT, ECOSYSTEM and RESOURCE ORGANIZING and LEGAL, BOOKKEEPING and ADMINISTRATIVE SUPPORT - for NEW COOPERATIVES THAT CREATE LIVING WAGE WORK and THAT ARE LED BY POOR and WORKING CLASS BLACK, BROWN, INDIGENOUS and PEOPLE of COLOR.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.33%of revenue went to mission work78.1% of expenses · Program services

1.75%of revenue went to fundraising1.8% of expenses

$98.98spent for every $100 of revenueRevenue covered expenses this year.

19.90%of revenue went to management and office costs20.1% of expenses

$0.34in assets for every $1 spent this yearSome assets cannot be spent right away.

97.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $93,150 for MEGAN FELIX MACARAEG (CO-PRESIDENT/ORGANIZING DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$988,282

Mission workProgram services$764,19477.33% of revenue78.1% of expenses

ManagementOffice and general costs$196,70319.90% of revenue20.1% of expenses

FundraisingAsking for donations$17,3411.75% of revenue1.8% of expenses

Revenue left after expensesReported annual surplus$10,0441.02% of revenueShown in gray on the chart

Total expenses$978,23898.98% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.1% mission · 20.1% management · 1.8% fundraisingTotal expenses: 98.98% of revenue

2023Expense mix: 88.1% mission · 9.5% management · 2.4% fundraisingTotal expenses: 91.69% of revenue

2022Expense mix: 91.0% mission · 7.4% management · 1.7% fundraisingTotal expenses: 91.99% of revenue

2021Expense mix: 85.6% mission · 11.7% management · 2.6% fundraisingTotal expenses: 64.91% of revenue

Money in and money out

Revenue$988,282

Expenses$978,238

Annual surplus $10,044 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$764,194 · 78.1% of expenses

Management and office costs$196,703 · 20.1% of expenses

Fundraising$17,341 · 1.8% of expenses

See all reported dollar amounts

Revenue$988,282

Expenses$978,238

Assets$335,572

Income$988,282

Contributions$958,698

Mission work (program services)$764,194

Fundraising$17,341

Management and general$196,703

Accounting fees$10,768

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MEGAN FELIX MACARAEGCO-PRESIDENT/ORGANIZING DIRECTOR · 40 hrs/week $93,150

GEOFFREY GILBERTLEGAL AND TECHNICAL DIRECTOR · 40 hrs/week $80,265

BIANCA VAZQUEZCO-PRESIDENT/PROGRAM DIRECTOR · 40 hrs/week $79,387

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

MEGAN FELIX MACARAEGCO-PRESIDENT/ORGANIZING DIRECTOR

GEOFFREY GILBERTLEGAL AND TECHNICAL DIRECTOR

BIANCA VAZQUEZCO-PRESIDENT/PROGRAM DIRECTOR

ALANA EICHNERBOARD MEMBER

BENJI RIVERABOARD MEMBER

CALVIN JOHNSONBOARD MEMBER

CELESTE SMITHBOARD MEMBER

JOSH KINGBOARD MEMBER

MADHVI BAHLBOARD MEMBER

MEGHAN SOBOCIENSKIBOARD MEMBER

NORMA CHAVEZBOARD MEMBER

QAADIR EL AMINBOARD MEMBER

About this charity

Recognized since: January 2020
Location: 1640 COLUMBIA RD NW, WASHINGTON, DC 20009
County: District of Columbia
In care of: GEOFFREY GILBERT
Primary officer: GEOFFREY GILBERT, DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(301) 639-5367

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MJO BOOKKEEPING SERVICES LLC
NTEE classification: Employment Preparation & Procurement (J20)
IRS tax category: Employment Preparation & Procurement