Mission
Founded by Pharrell Williams, Black Ambition aims to reduce barriers to capital and empower Black and Hispanic entrepreneurs through funding and resources for high-growth startups. The initiative involves a series of competitions, mentorship programs, and training initiatives specifically targeting entrepreneurs from historically Black colleges and universities (HBCUs) and underrepresented communities.
Basic Information
Tax-Exempt
Founded in
2020
EIN
85-1559517
Total Assets
$13.8 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 3 of 3 goals
At a Glance
2024 Demo Day Celebration
Celebrating the culmination of the Black Ambition Prize with substantial funding awarded to talented entrepreneurs.
2024 Finalists Announcement
Announcing the finalists for the 2024 Black Ambition Prize, showcasing diverse and innovative ventures.
So Ambitious HBCU Tour
A program designed to engage and support HBCU students with entrepreneurial potential.
Impact Stats
$2.7 million
Total Amount Distributed
Total Prize Distribution
Awarded significant funding to Black and Hispanic entrepreneurs through the Black Ambition Prize competition.
250
Number of Semifinalists
Semifinalists Announced
Identified 250 exceptional semifinalists for the 2024 Black Ambition Prize Competition.
> $50 million
Total Funds Raised Post-Competition
Impact on Entrepreneurs
Provided support for entrepreneurs, leading to significant fundraising achievements post-competition.
Past Events
2024 Black Ambition Demo Day
November 2024
Annual Demo Day event featuring pitch presentations from prize winners.
2023 Finalists Announcement
November 2023
Announcing the 2023 finalists and recognizing outstanding entrepreneurial talent.
So Ambitious HBCU Tour
2023
A collaboration with HBCUs to promote entrepreneurship.
Upcoming Events
Black Ambition Prize Application Deadline
February 26, 2024
The application period for the next cycle of the Black Ambition Prize.
Learn MoreOur Programs
Black Ambition Prize
A competition that awards grants to innovative startups led by Black and Hispanic entrepreneurs.
Learn MoreHBCU Accelerator Program
A program focused on developing entrepreneurial skills among students at Historically Black Colleges and Universities.
Learn MoreVolunteer Opportunities
Mentorship Program
Opportunity to mentor and guide aspiring entrepreneurs in the Black Ambition community.
Testimonials
"With Black Ambition, the goal is to help strengthen the pipeline of talented entrepreneurs and close the opportunity and wealth gaps."
Pharrell Williams
Founder
Impact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
55
48
/100
Program Expense Ratio
79.92%
12
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.1776
16
/20
Working Capital Ratio
2.727
16
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 15.51M | 100.00% |
| Program Services | 0 | 0.00% |
| Investment Income | 21 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 15.51M | 100.00% |