Public Charity

MBL FOUNDATION INC

MBL FOUNDATION INC, of RICHMOND, VA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $2.2M in revenue, $2.0M in expenses, $1.6M in total assets. 13 publicly reported grants to this organization, totaling roughly $515K, appear in IRS filings.

EIN: 770698911 RICHMOND, VA Chambers of Commerce & Business Leagues NTEE: S41 Latest filing: 2025
Total Revenue$2.2M
Total Expenses$2.0M
Total Assets$1.6M
Grant Records13
Funding Total$515K
Filing Years2021–2025

Mission

WE EMPOWER BUSINESSES AND PROFESSIONALS TO BE SUCCESSFUL.

Officers & Directors

DIRECTOR Alfreda Jarrett Reynolds
DIRECTOR Andrea Lyons
DIRECTOR Brandon Shaw
DIRECTOR Claire Guthrie-Gastanaga
SECRETARY David Lefebvre
DIRECTOR Elsa Eslva-Smith

Officer compensation and complete director data available with membership.

Top Grant Purposes

ECONOMIC PROSPERITY
$326,000 3 grants
SEE PART IV
$32,500 1 grant
FINANCIAL SUPPORT FOR MINORITY-OWNED BUSINESSES,TO SUPPORT SMALL, WOMEN AND MINORITY-OWNED BUSINESSES WITH THE NEEDED BUSINESS RESOURCES, TRAINING, FINANCIAL COUNSELING, CAPITAL, AND ASSISTANCE TO STRATEGICALLY SUSTAIN AND RECOVER FROM THE IMPACT OF COVID-19.,GENERAL PURPOSES
$31,000 1 grant
CHARITABLE DONATION
$30,000 2 grants
1 GRANT(S) FOR VARYING PURPOSES
$25,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $2.2M $2.0M $1.6M
2024 $1.1M $568K $1.4M
2023 $969K $376K $1.0M
2022 $1.5M $707K $1.2M
2021 $1.4M $586K $830K

Between 2021 and 2025, reported annual revenue grew from $1.4M to $2.2M (+59%), with total assets most recently reported at $1.6M.

Interactive year-over-year charts and full filing details available with membership.

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