Meb Maintaining Excellent Balance Foundation A Cal Corp
- Assets
- $1.5m
- Revenue
- $307.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 11/2012
- Data as of
- 12/2023
- EIN
- 27-5338405
Organization Overview
Meb Maintaining Excellent Balance Foundation A Cal Corp is located in Tampa, FL. The organization was established in 2012. 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. Meb Maintaining Excellent Balance Foundation A Cal Corp 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 12/2023, Meb Maintaining Excellent Balance Foundation A Cal Corp generated $307.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $131.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER YOUTH TO MAINTAIN BALANCED LIVES, ENGAGE YOUTH IN ACADEMICS, AND PROVIDE OPPORTUNITIES FOR YOUTH TO LEARN POSITIVE LIFE SKILLS THROUGH SPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING INITIATIVES USED DURING 2023 TO RAISE MONEY FOR THE NEW YORK AND BOSTON MARATHONS.
FUNDING INITIATIVES USED DURING 2023 USED FOR RACE SETUP IN TAMPA.
FUNDING INITIATIVES USED DURING 2023 USED FOR DONATIONS OF MEDICAL SUPPLIES TO HOSPITALS IN ERITREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Patrick Trustee | Trustee | 0 | $0 |
Scott Kasen Trustee | Trustee | 0 | $0 |
Frank Sullivan Trustee | Trustee | 0 | $0 |
Lee A Kish Trustee | Trustee | 0 | $0 |
Mebrahtom Keflezighi President | Officer | 0 | $0 |
Yordanos Asgedom Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,906 |
| Total Program Service Revenue | $0 |
| Investment income | $172 |
| 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 | $307,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,712 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,638 |
| 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 | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,600 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,554 |
| Advertising and promotion | $16,497 |
| Office expenses | $26 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $131,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,090 |
| Savings and temporary cash investments | $1,401,748 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $1,458,838 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,608 |
| Total liabilities | $4,608 |
| Net assets without donor restrictions | $0 |
| 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 | $1,454,230 |
| Total liabilities and net assets/fund balances | $1,458,838 |
Grants Awarded
Over the last fiscal year, Meb Maintaining Excellent Balance Foundation A Cal Corp has awarded $16,174 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON ATHLETIC ASSOCIATION PURPOSE: Race fees for the Boston marathon | $6,974 |
NEW YORK ROAD RUNNERS PURPOSE: Race fees for the New York marathon | $9,200 |