BRIC FOUNDATION

EIN: 831408476 501(c)(3) Arts, Culture & Humanities

North Hollywood, CA

Total Revenue
$1,558,386
Total Expenses
$1,530,057
Total Assets
$768,527
Net Assets
$537,854
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CA
Principal Officer
Nicole Hendrix
Tax Period
2024-01-01 to 2024-12-31

BRIC FOUNDATION, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum.

Mission

BRIC Foundation has one main goal: to increase representation in Entertainment, Gaming, Media and Tech. By strategically engaging with leaders across these industries, along with Government and Education Partners, BRIC strives to Break, Reinvent, Impact and Change the foundations of these businesses and create inclusive opportunities for women and underrepresented people to be successful.

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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 $618,477
Program Service Revenue $935,520
Investment Income $0
Other Revenue $4,389
TOTAL REVENUE $1,558,386

Expense Breakdown

Grants Paid $0
Salaries & Benefits $314,235
Fundraising Expenses $4,843
Program Expenses $1,390,901
Other Expenses $1,215,822
TOTAL EXPENSES $1,530,057

Year-over-Year Comparison

2024 2023 Change
Revenue $1,558,386 $918,486 +0.7%
Expenses $1,530,057 $510,703 +2.0%
Net Income $28,329 $407,783 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
7
Employees
5
Volunteers
62

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
3
$144,224
Total Directors
10
$177,952
Key Employees
1
$120,339
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicole Hendrix Chairman/Executive Director 50
Officer Director Key Emp
$119,231 $1,108 $120,339
Carl Gist Board Member 1
Director
$33,728 $0 $33,728
Alison Mann Vice Chair/Director of Talent 15
Officer Director
$23,608 $277 $23,885
Larry Laboe Treasurer 1
Officer Director
$0 $0 $0
Rabia Abedin Secretary 0.5
Director
$0 $0 $0
Dionne McNeff Board Member 1
Director
$0 $0 $0
Brandon Sharp Board Member 0.5
Director
$0 $0 $0
Zulema Uriarte Board Member 0.5
Director
$0 $0 $0
Matthew Waynee Board Member 3
Director
$0 $0 $0
Alisha Hines Board Member 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
2024 $1,558,386 $1,530,057 $768,527 $28,329
2023 $918,486 $510,703 $509,525 $407,783
2022 $336,022 $337,003 $101,742 $-981
2021 $211,670 $122,567 $102,723 $89,103
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