Force 50 Foundation Inc
- Assets
- $323.8k
- Revenue
- $298.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-2810429
Organization Overview
Force 50 Foundation Inc is located in Norman, OK. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Force 50 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 12/2021, Force 50 Foundation Inc generated $298.1k in total revenue. All expenses for the organization totaled $20.9k during the year ending 12/2021. While expenses have increased by 11.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FORCE 50 FOUNDATION IS DEDICATED TO IMPROVING THE QUALTIY OF LIFE FOR VETERANS, HOMEBOUND AND TERMINALLY ILL PATIENTS AND THEIR FAMILIES BY DIRECTING DONATED FUNDS TO PROVIDE BASIC NEEDS, CARE, SPECIAL WISHES, AND RECOGNITION FOR OUR VETERANS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVING THE QUALITY OF LIFE FOR VETRANS, HOMEBOUND, AND TERMINALLY ILL PATIENTS AND THEIR FAMILIES BY DIRECTING DONATED FUNDS TO PROVIDE BASIC NEEDS, CARE, SPECIAL WISHES, AND RECOGNITION FOR OUR VETRANS AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Reed President | Officer | 3 | $0 |
Myles Deering Vice President | Officer | 3 | $0 |
Steve Yarger Treasurer | Officer | 3 | $0 |
Ashley Howard Secretary | Officer | 3 | $0 |
Gary Banz Director | Trustee | 0.25 | $0 |
Ben Robinson Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $464,138 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,553 |
| Total Program Service Revenue | $0 |
| Investment income | $59 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$217,561 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,535 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,700 |
| Advertising and promotion | $0 |
| Office expenses | $4,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $506 |
| All other expenses | $0 |
| Total functional expenses | $20,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,264 |
| 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 | $792 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $323,768 |
| Accounts payable and accrued expenses | $4,568 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,568 |
| Net assets without donor restrictions | $319,200 |
| Net assets with donor restrictions | $0 |
| 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 | $323,768 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Force 50 Foundation Inc has recieved totaling $16,500.
| Awarding Organization | Amount |
|---|---|
Arvest Foundation Bentonville, AR PURPOSE: HEALTH CARE | $15,000 |
Enterprise Holdings Foundation Saint Louis, MO PURPOSE: PROGRAM SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglass Community Services Inc Hannibal, MO | $3,361,431 | $10,312,306 |
Catholic Charites Of Kc St Joseph Inc Kansas City, MO | $5,341,549 | $14,556,013 |
Acsi Children Education Fund Inc Colorado Springs, CO | $5,927,618 | $9,771,787 |
Families & Youth Inc Las Cruces, NM | $11,381,645 | $11,555,132 |
Lawrence Hall Health & Rehabilitation Walnut Ridge, AR | $6,640,497 | $11,158,374 |
Central Texas Opportunities Inc Coleman, TX | $2,982,785 | $9,804,598 |
Cross Creek Ranch Community Association Pipe Creek, TX | $12,075,216 | $10,341,783 |
Santa Maria El Mirador Santa Fe, NM | $9,562,818 | $9,385,452 |
Catholic Charities Inc Wichita, KS | $19,562,283 | $10,420,566 |
Family Tree Inc Wheat Ridge, CO | $10,333,594 | $9,395,162 |
Catholic Charities Of Southern Missouri Springfield, MO | $5,759,480 | $11,217,220 |
Yes On 805 Inc Oklahoma City, OK | $75,415 | $8,941,808 |