Fiver Childrens Foundation Inc
- Assets
- $6.0m
- Revenue
- $2.9m
- Investments
- $365.1k
- Employees
- 109
- Location
- New York, NY
- Founding
- 10/1998
- Data as of
- 01/2024
- EIN
- 13-3993633
Organization Overview
Fiver Childrens Foundation Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 01/2024, Fiver Childrens Foundation Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiver Childrens Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Fiver Childrens Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.7m during the year ending 01/2024. While expenses have increased by 5.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH OUR ONE-OF-A-KIND TEN-YEAR COMMITMENT, FIVER PROVIDES EXPERIENCES THAT CHALLENGE AND BUILDS RELATIONSHIPS THAT NURTURE SO THAT YOUTH FROM SYSTEMICALLY UNDER-RESOURCED COMMUNITIES IN NEW YORK CAN CREATE THEIR OWN POSITIVE FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT- FIVER PROVIDES COUNSELING, MENTORING, AND OTHER SUPPORT TO YOUTH FROM UNDERSERVED COMMUNITIES, INCLUDING OVER 400 CHILDREN THAT ATTENDED CAMP FIVER DURING THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Jean-Pierre Secretary | OfficerTrustee | 1 | $0 |
Michele Lallemand Brazil Vice Chair | OfficerTrustee | 1 | $0 |
Karen Toll Director | Trustee | 1 | $0 |
John Cokinos Treasurer | OfficerTrustee | 1 | $0 |
Gabriela Berroa Director | Trustee | 1 | $0 |
Kan Devnani Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,187,609 |
| Related organizations | $0 |
| Government grants | $58,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,570,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,816,356 |
| Total Program Service Revenue | $0 |
| Investment income | $49,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,877,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $256,040 |
| Compensation of current officers, directors, key employees. | $19,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,013,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,836 |
| Payroll taxes | $95,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,143 |
| Office expenses | $42,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $223,789 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,304 |
| Insurance | $102,817 |
| All other expenses | $110,375 |
| Total functional expenses | $2,697,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,207,543 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $131,844 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $138,735 |
| Net Land, buildings, and equipment | $2,476,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $365,097 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,685,877 |
| Total assets | $6,005,460 |
| Accounts payable and accrued expenses | $131,534 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,016 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,690,668 |
| Total liabilities | $1,840,218 |
| Net assets without donor restrictions | $3,665,242 |
| Net assets with donor restrictions | $500,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,005,460 |