Upside Down Foundation Inc
- Assets
- $39.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/2007
- Data as of
- 06/2018
- EIN
- 20-8143518
Organization Overview
Upside Down Foundation Inc is located in Sarasota, FL. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upside Down 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 06/2018, Upside Down Foundation Inc generated $28.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.6%) each year. All expenses for the organization totaled $8.1k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (57.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
CONTINUATION OF READING PROGRAM AT SARASOTA COUNTY SCHOOLS; OVER 300 HIGH SCHOOL MENTORS HAVE HELPED MORE THAN 700 ELEMENTARY SCHOOL STUDENTS TO IMPROVE THEIR READING SKILLS. FLUENCY RATES AMONG THE ELEMENTARY SCHOOL STUDENTS HAVE IMPROVED BY AN AVERAGE OF 85%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Truitt Chairman | 20 | $0 | |
Eddye Howard Jr Vice Chairman/liability | 0 | $0 | |
Mickey Chard Treasurer | 0 | $0 | |
Nathan Weinbaum Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,027 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,027 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,141 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $138 |
| Other expenses | $4,802 |
| Total expenses | $8,081 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,525 |
| Other assets | $0 |
| Total assets | $39,525 |
| Total liabilities | $0 |
| Net assets or fund balances | $39,525 |