The Focus Foundation Inc
- Assets
- $291.7k
- Revenue
- $703.1k
- Investments
- $0.0
- Employees
- 19
- Location
- Davidsonville, MD
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 34-2045354
Organization Overview
The Focus Foundation Inc is located in Davidsonville, MD. The organization was established in 2007. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Focus Foundation Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Focus 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 12/2023, Focus Foundation Inc generated $703.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $797.5k during the year ending 12/2023. While expenses have increased by 7.7% 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
TO HELP CHILDREN WITH APRAXIA, DYSLEXIA AND SEX CHROMOSOME DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INCREASE AWARENESS, IDENTIFICATION, UNDERSTANDING, AND TREATMENT OF CHILDREN WITH APRAXIA, DYSLEXIA, AND SEX CHROMOSOME DISORDERS AND TO FOSTER AND PROMOTE SCIENTIFIC RESEARCH RELATING TO THESE DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Stratts President | OfficerTrustee | 4 | $0 |
Francie Mitchell Vice President | OfficerTrustee | 4 | $0 |
Linda Loftus Secretary And Treasurer | OfficerTrustee | 4 | $0 |
Jacolyn Bucksbaum Board Member | Trustee | 4 | $0 |
Carole Samango-Sprouse Executive Director | Officer | 40 | $128,418 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,330 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $570,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $747,358 |
| Total Program Service Revenue | $0 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$44,282 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $703,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,656 |
| 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. | $128,418 |
| Compensation of current officers, directors, key employees. | $16,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,975 |
| Advertising and promotion | $532 |
| Office expenses | $27,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,538 |
| Travel | $25,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,128 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,331 |
| Insurance | $13,871 |
| All other expenses | $0 |
| Total functional expenses | $797,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,984 |
| Savings and temporary cash investments | $1,855 |
| Pledges and grants receivable | $13,000 |
| 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 | $15,157 |
| Investments—publicly traded securities | $130,724 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,720 |
| Accounts payable and accrued expenses | $21,960 |
| 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 | $21,960 |
| Net assets without donor restrictions | $269,760 |
| 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 | $291,720 |