5 Under 40 Foundation Corp
- Assets
- $341.9k
- Revenue
- $377.0k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 45-2595059
Organization Overview
5 Under 40 Foundation Corp is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (G32) the organization is classified as: Breast Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, 5 Under 40 Foundation Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 5 Under 40 Foundation 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 12/2021, 5 Under 40 Foundation Corp generated $377.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $308.4k during the year ending 12/2021. While expenses have increased by 17.1% 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
THE 5 UNDER 40 FOUNDATION DEDICATED TO PROVIDING FUNDED MEDICAL,WELLNESS,BEAUTY AND EDUCATIONAL SERVICES TO WOMEN UNDER THE AGE OF 40 WHO HAVE BEEN DIAGNOSED WITH BREAST CANCER OR HAVE A BRCA MUTATION. WE FOCUS ON A WOMAN'S WHOLE BEING IN ORDER TO EMPOWER,FOSTER HOPE AND IMPROVE THE QUALITY OF LIFE FOR WOMEN IN THE FACE OF THIS DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COMPREHENSIVE RESOURCES & VITAL TOOLS NECESSARY FOR EARLY DETECTION, DIAGNOSIS & TREATMENT OF BREAST CANCER AS WELL AS THOSE DIAGNOSED WITH BRCA GENE MUTATION FOR WOMEN UNDER AGE 40 IN THE NY METRO & NJ AREA. OUR MISSION IS TO ENABLE WOMEN TO RECEIVE DIAGNOSTIC TREATMENT & POST TREATMENT SERVICES.
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 |
|---|---|---|---|
Jennifer Finkelstein President | OfficerTrustee | 25 | $50,000 |
Robert Fafalak MD Treasurer | OfficerTrustee | 8 | $0 |
Lisa Green Vice President | OfficerTrustee | 8 | $0 |
Brooke Weingarten Director | Trustee | 8 | $0 |
Phyllis Ginsburg Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,962 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $376,962 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $693 |
| Office expenses | $4,662 |
| Information technology | $7,879 |
| 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 | $202 |
| Interest | $67 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $574 |
| Insurance | $3,635 |
| All other expenses | $26,270 |
| Total functional expenses | $308,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,912 |
| Savings and temporary cash investments | $0 |
| 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 | $341,912 |
| Accounts payable and accrued expenses | $22,510 |
| 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 | $22,510 |
| 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 | $319,402 |
| Total liabilities and net assets/fund balances | $341,912 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that 5 Under 40 Foundation Corp has recieved totaling $44,042.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $21,412 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $7,957 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,032 |
Lester M & Sally Entin Foundation Livingston, NJ PURPOSE: DONATION | $5,000 |
Falconwood Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT, UNRESTRICTED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Judges And Lawyers Breast Cancer Alert Inc New York, NY | $1,498,075 | $1,310,303 |
Breast Cancer Help Inc West Islip, NY | $0 | $142,632 |
5 Under 40 Foundation Corp New York, NY | $341,912 | $376,962 |
Asian Women For Health Inc Somerville, MA | $543,325 | $499,026 |
Chrysalis Initiative Philadelphia, PA | $203 | $201,374 |
Lobular Breast Cancer Alliance Inc White Horse Beach, MA | $236,186 | $416,482 |
Sister2sister Inc Somerset, NJ | $638,205 | $173,319 |
Connect Thru Cancer West Chester, PA | $235,790 | $178,166 |
Breast Intentions Inc Middletown, NJ | $270,002 | $132,016 |
West Islip Breast Cancer Coalition For Long Island Inc West Islip, NY | $70,480 | $0 |
Linked By Pink Erie, PA | $97,034 | $84,303 |
Girls Night Out Altoona Inc Duncansville, PA | $186,681 | $189,817 |