HBCU FIRST INC

EIN: 843831738 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$341,852
Total Expenses
$446,721
Total Assets
$54,900
Net Assets
$31,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
COURTNEY GRAY
Phone
3233465339
Tax Period
2025-01-01 to 2025-12-31

HBCU FIRST INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $342K in total revenue in fiscal year 2025. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $447K exceeded revenue, resulting in a 31% operating deficit.

Mission

HBCU FIRST IS A STUDENT-LED COMMUNITY HELPING BLACK YOUTH NAVIGATE THE COLLEGE-TO-CAREER JOURNEY. AS THE NATION'S LEADING HBCU INTERNSHIP AND MENTORING PROGRAM, HBCU FIRST ADVANCES THE WELLBEING OF STUDENTS AT OVER 70 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS).

Program Service Accomplishments

Program 1
Expenses: $406,790

LAUNCH STUDENT-LED INITIATIVES; SUCCESS JOURNEYS OF BLACK EXECUTIVES AND CAREER READINESS

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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 (2025)

Revenue Breakdown

Contributions & Grants $341,844
Program Service Revenue $0
Investment Income $8
Other Revenue $0
TOTAL REVENUE $341,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,665
Fundraising Expenses $0
Program Expenses $406,790
Other Expenses $304,056
TOTAL EXPENSES $446,721

Year-over-Year Comparison

2025 2024 Change
Revenue $341,852 $457,238 -0.3%
Expenses $446,721 $346,856 +0.3%
Net Income $-104,869 $110,382 -2.0%
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
4
Independent Members
3
Employees
1
Volunteers
N/A

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
$132,000
Total Directors
4
$132,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COURTNEY GRAY CHAIRMAN OF 40.00
Officer Director
$132,000 $0 $132,000
JOSH BRUCE BOARD MEMBER 2.00
Director
$0 $0 $0
DWIGHT HOWELL BOARD MEMBER 2.00
Director
$0 $0 $0
CARLTON TRIOLO-SAPP BOARD MEMBER 2.00
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 $341,852 $446,721 $54,900 $-104,869
2024 $457,238 $346,856 $136,269 $110,382
2023 $417,662 $446,562 $100,887 $-28,900
2022 $391,504 $422,372 $54,787 $-30,868
2021 $199,807 $229,529 $85,655 $-29,722
2021 $276,954 $229,529 $85,655 $47,425
2020 $56,558 $21,440 $38,230 $35,118
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