BLACK STUDENT FUND

EIN: 526053597 501(c)(3)

Washington, DC

Total Revenue
$284,622
Total Expenses
$301,911
Total Assets
$48,328
Net Assets
$12,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
DC
Principal Officer
Leroy Nesbitt Jr
Phone
2023871414
Tax Period
2024-07-01 to 2025-06-30

BLACK STUDENT FUND, founded in 1964, is a small nonprofit that reported $285K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

BSF is an educational equity organization advancing educational choice by affording underserved families access to independent schools and supporting their success. BSF has served tens of thousands of children; served more than seventy five BSF member schools K-12; and inspired replications across the Mid-Atlantic region. BSF is also a community resource collaborating with organizations advancing education.

Program Service Accomplishments

Program 1
Expenses: $46,448 Revenue: $0

For more than fifty years, BSF has provided financial support for families at BSF Member Schools. BSF provides small tuition scholarships, funding for participation in summer and school year academic...

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For more than fifty years, BSF has provided financial support for families at BSF Member Schools. BSF provides small tuition scholarships, funding for participation in summer and school year academic enrichment, youth development program/activities and BSF provides emergency and essential services financial support to BSF families

Program 2
Expenses: $67,091 Revenue: $0

The BSF/LSF Annual School Fair is a forum for Washington metropolitan area families to learn about independent school education and to engage students, teachers and administrators from more than 70...

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The BSF/LSF Annual School Fair is a forum for Washington metropolitan area families to learn about independent school education and to engage students, teachers and administrators from more than 70 local and national independent schools and educational programs. This event also includes: workshops, chat rooms, recorded content and a digital resources library. The event served more than 1200 families and included more than 50 schools and educational organizations

Program 3
Expenses: $41,287 Revenue: $0

BSF Science, Technology, Engineering & Math (STEM) is a focused academic enrichment effort of BSF. BSF STEM is a series of connected programs and activities providing students with introductory and...

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BSF Science, Technology, Engineering & Math (STEM) is a focused academic enrichment effort of BSF. BSF STEM is a series of connected programs and activities providing students with introductory and advanced STEM learning. With an anchor in math and coding, BSF Scholars and Affiliates participate in yearlong out of school learning; tech skill development and STEM awareness events

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $225,373
Program Service Revenue $58,661
Investment Income $588
Other Revenue $0
TOTAL REVENUE $284,622

Expense Breakdown

Grants Paid $17,180
Salaries & Benefits $163,154
Fundraising Expenses $12,234
Program Expenses $172,028
Other Expenses $121,577
TOTAL EXPENSES $301,911

Year-over-Year Comparison

2024 2023 Change
Revenue $284,622 $307,091 -0.1%
Expenses $301,911 $314,602 0.0%
Net Income $-17,289 $-7,511 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$61,000
Total Directors
7
$61,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leroy Nesbitt Jr Executive Director 64
Officer Director
$61,000 $0 $61,000
Joel Kanter Board Chair 5
Director
$0 $0 $0
Mark D Schneider Trustee 1
Director
$0 $0 $0
Olutosin Aje-Adegbite Trustee 1
Director
$0 $0 $0
Adewale Omoniyi Trustee 0.5
Director
$0 $0 $0
Breon N Wells Trustee 0.5
Director
$0 $0 $0
Sean A Floyd Trustee 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $284,622 $301,911 $48,328 $-17,289
2024 $307,091 $314,602 $51,018 $-7,511
2023 $216,438 $399,047 $45,372 $-182,609
2022 $448,097 $347,224 $212,837 $100,873
2021 $422,990 $322,362 $98,859 $100,628
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