Foolproof Foundation Inc
- Assets
- $21.1k
- Revenue
- $433.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cocoa, FL
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 46-2102687
Organization Overview
Foolproof Foundation Inc is located in Cocoa, FL. The organization was established in 2014. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foolproof 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, Foolproof Foundation Inc generated $433.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $504.5k during the year ending 12/2023. While expenses have increased by 21.1% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFER WEB-DRIVEN FINANCIAL LITERACY PROGRAMS BASED PRIMARILY ON CRITICAL THINKING SKILLS RATHER THAN ROTE MONEY MANAGEMENT SKILLS. OUR PROGRAMS AND MATERIALS ARE COMPLETELY PRO-CONSUMER. WE ADVOCATE FOR THE INDIVIDUAL, NOT FOR ANY PRODUCT, PROGRAM, SERVICE OR COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sheffer Director | 2 | $80,910 | |
Malcolm Kirschenbaum Chairman | 2 | $0 | |
Mary Cunningham Secretary/tr | 2 | $0 | |
Roberta Baskin Vice Preside | 2 | $0 | |
Wicher Dehoo Director | 2 | $51,200 | |
Daniel Buettner Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Veritate Llc | 12/30/23 | $92,519 |
Renier Dijkhuis | 12/30/23 | $90,100 |
Michael Sheffer | 12/30/23 | $80,910 |
Wision | 12/30/23 | $51,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $432,973 |
| Interest on Savings | $1 |
| 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 | $200 |
| Total Revenue | $433,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,110 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $906 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $278 |
| Printing and publications | $0 |
| Other expenses | $22,786 |
| Total operating and administrative expenses | $504,515 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $504,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,125 |
| 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 | $0 |
| Total assets | $21,125 |
| 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 | $40,000 |
| Total liabilities | $40,000 |