B Foundation Inc
- Assets
- $166.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belding, MI
- Founding
- 12/2012
- Data as of
- 12/2023
- EIN
- 45-5384813
Organization Overview
B Foundation Inc is located in Belding, MI. The organization was established in 2012. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B 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, B Foundation Inc generated $91.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $55.3k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
WE PROVIDE FUNDS TO FAMILIES WHO ARE CURRENTLY STRUGGLING WITH CANCER. FUNDS ARE MOST COMMONLY GIVE IN GAS CARDS OR UTILITIES. NO FUNDS ARE GIVEN FOR MEDICAL EXPENSES. WE HAVE SERVED ABOUT 40 FAMILIES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikayla Linebaugh President | 0 | $0 | |
Heidi Wilker Vice President | 0 | $0 | |
Michael Ostrander Secretary | 0 | $0 | |
Cathy Flynn Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,277 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $45,023 |
| Other Revenue | $0 |
| Total Revenue | $91,300 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,570 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,295 |
| Other expenses | $50,479 |
| Total expenses | $55,344 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $166,023 |
| Other assets | $0 |
| Total assets | $166,023 |
| Total liabilities | $0 |
| Net assets or fund balances | $166,023 |