2nd & 7 Foundation
- Assets
- $1.3m
- Revenue
- $598.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Columbus, OH
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 31-1756363
Organization Overview
2nd & 7 Foundation, operating under the name 2nd & 7, is located in Columbus, OH. The organization was established in 2002. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, 2nd & 7 employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2nd & 7 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, 2nd & 7 generated $598.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $595.6k during the year ending 12/2023. While expenses have increased by 10.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF 2ND & 7 IS TO PROMOTE READING BY PROVIDING FREE BOOKS AND POSITIVE ROLE MODELS TO KIDS IN NEED WHILE ENCOURAGING YOUNG ATHLETES OF THE COMMUNITY TO PAY IT FORWARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROCEEDS FROM FUNDRAISERS SUPPORT OUR LITERACY OUTREACH PROGRAMS. DURING THE 2023 SCHOOL YEAR, OVER 30,000 ELEMENTARY STUDENTS PARTICIPATED IN OUR ROLE MODEL READING PROGRAM ACROSS 23 STATES. OVER 3,700 STUDENT-ATHLETE VOLUNTEERS FROM OVER 1,000 DIFFERENT TEAMS SERVED AS POSITIVE ROLE MODELS AND DISTRIBUTED OVER 97,000 BOOKS TO ELEMENTARY STUDENTS. OUR COLUMBUS KIDS BOOK BANK DISTRIBUTED AN ADDITIONAL 12,000 BOOKS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Hoying Executive Director | Officer | 40 | $74,792 |
John Sass Director | Trustee | 1 | $0 |
Jane Mclean Mort Director | Trustee | 1 | $0 |
Tom Line Director | Trustee | 1 | $0 |
Chris Schneider Director | Trustee | 1 | $0 |
Josh Weirich Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,309 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,664 |
| Total Program Service Revenue | $0 |
| Investment income | $37,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $598,240 |
| 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. | $74,792 |
| Compensation of current officers, directors, key employees. | $3,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,018 |
| Pension plan accruals and contributions | $6,729 |
| Other employee benefits | $0 |
| Payroll taxes | $20,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,560 |
| Advertising and promotion | $32,498 |
| Office expenses | $4,793 |
| Information technology | $50,710 |
| Royalties | $0 |
| Occupancy | $33,075 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,113 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,844 |
| Insurance | $8,650 |
| All other expenses | $0 |
| Total functional expenses | $595,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,648 |
| Savings and temporary cash investments | $240,542 |
| 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 | $7,591 |
| Investments—publicly traded securities | $981,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,315,785 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,315,785 |
| 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 | $1,315,785 |