3b Foundation Inc
- Assets
- $194.6k
- Revenue
- $126.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sebring, FL
- Founding
- 04/2014
- Data as of
- 08/2021
- EIN
- 46-1274956
Organization Overview
3b Foundation Inc is located in Sebring, FL. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., 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. 3b 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 08/2021, 3b Foundation Inc generated $126.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 71.9% each year . All expenses for the organization totaled $46.7k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED A COMMUNITY EVENT TO SHARE A DAY OUTDOORS WITH FIRST RESPONDERS, ACTIVE DUTY MILITARY, VETERANS, AND THEIR FAMILY MEMBERS.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
THE ORGANIZATION PROVIDES BENEVOLENT ASSITANCE IN THE FORM OF RELIABLE TRANSPORTATION FOR INDIVIDUALS AND FAMILIES SUFFERING FROM FINANCIAL DISTRESS AND IN NEED OF TRANSPORTATION. BY PROVIDING THIS BENEVOLENT ASSISTANCE, THE ORGANIZATION HELPS TO EASE THE BURDENS OF INDIVIDUALS IN NEED OF VEHICLES TO TRAVEL TO WORK, SCHOOL OR CHILD CARE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Fitch Secretary / Treasurer | 5 | $0 | |
Michael Fitch President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,823 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $126,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,458 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $776 |
| Printing and publications | $0 |
| Other expenses | $41,000 |
| Total operating and administrative expenses | $45,733 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $46,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,082 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $191,550 |
| Total assets | $194,632 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $60,918 |
| Total liabilities | $60,918 |
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