58ten Inc
- Assets
- $311.8k
- Revenue
- $550.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Elverson, PA
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 45-0704947
Organization Overview
58ten Inc is located in Elverson, PA. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. 58ten 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, 58ten Inc generated $550.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $553.7k during the year ending 12/2021. While expenses have increased by 19.0% per year over the past 7 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
TO ORGANIZE, DEVELOP, AND LEAD THOSE WILLING TO USE THEIR RESOURCES AND TALENTS TO ASSIST THE NEEDY WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENRICH THE LIVES OF THE RESIDENTS OF THE MULANGO ORPHANAGE THROUGH CHILD SPONSORSHIPS, CAPITAL IMPROVEMENTS, AND WITH NECESSARY PROVISIONS SUCH AS BLANKETS, BOWLS, CLOTHING, AND OTHER ESSENTIAL ITEMS.
TO ENRICH THE LIVES OF THE RESIDENTS OF THE MUKAA ORPHANAGE THROUGH CHILD SPONSORSHIPS, CAPITAL IMPROVEMENTS, AND WITH NECESSARY PROVISIONS SUCH AS BLANKETS, BOWLS, CLOTHING, AND OTHER ESSENTIAL ITEMS.
TO ENRICH THE LIVES OF THE RESIDENTS OF THE KITUI ORPHANAGE THROUGH CHILD SPONSORSHIPS, CAPITAL IMPROVEMENTS, AND WITH NECESSARY PROVISIONS SUCH AS BLANKETS, BOWLS, CLOTHING, AND OTHER ESSENTIAL ITEMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Craft Executive Di | OfficerTrustee | 1.5 | $0 |
Ben Allston Leadership T | Trustee | 1.5 | $0 |
Julie Blackstone Board Member | Trustee | 0.25 | $0 |
Jeremy Buckley Leadership T | Trustee | 1.5 | $0 |
Daniel O'shaughnnessey Board Member | Trustee | 0.25 | $0 |
Clark Spain Board Member | Trustee | 0.25 | $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 | $549,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,272 |
| Total Program Service Revenue | $0 |
| Investment income | $1,395 |
| 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 | $550,667 |
| 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 | $501,585 |
| 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 | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,080 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,589 |
| 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 | $553,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,294 |
| Savings and temporary cash investments | $62,509 |
| 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 | $311,803 |
| Accounts payable and accrued expenses | $6,600 |
| 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 | $6,600 |
| Net assets without donor restrictions | $190,203 |
| Net assets with donor restrictions | $115,000 |
| 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 | $311,803 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 58ten Inc has recieved totaling $23,118.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $23,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |