Fbfn Foundation
- Assets
- $83.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 11/2012
- Data as of
- 12/2022
- EIN
- 46-1162704
Organization Overview
Fbfn Foundation is located in Sugar Land, TX. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fbfn Foundation 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 12/2022, Fbfn Foundation generated $44.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $28.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 2 years. 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
2022
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS FOR STUDENTS OF FORT BEND COUNTY, TX, COLLEGES RANGING FROM $1,250 TO $2,500 @ 11 STUDENTSTHE SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGES/UNIVERSITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Jackson Board Member | 2 | $0 | |
Judy Weber Grants& Corresponding Secy | 1 | $0 | |
Sharon Svendsen VP Scholarships | 6 | $0 | |
Vicky Margita Treasurer | 2 | $0 | |
Paula Holzband VP Development | 5 | $0 | |
Joyce Levine Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,434 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $176 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,170 |
| Other Revenue | $0 |
| Total Revenue | $44,780 |
| 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 | $328 |
| Occupancy, rent, utilities, and maintenance | $1,844 |
| Printing, publications, postage, and shipping | $1,761 |
| Other expenses | $0 |
| Total expenses | $28,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,978 |
| Other assets | $0 |
| Total assets | $82,978 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,978 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fbfn Foundation has recieved totaling $154.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |