Bbyo Fund For The Future Inc
- Assets
- $5.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2014
- Data as of
- 06/2021
- EIN
- 46-3736290
Organization Overview
Bbyo Fund For The Future Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bbyo Fund For The Future 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 06/2021, Bbyo Fund For The Future Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $22.3k during the year ending 06/2021. 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSES OF THE FUND ARE TO ACCEPT ENDOWMENTS, REVENUE FROM MATURED PLANNED GIFTS, AND DESIGNATED DONORS; PROVIDE CONSISTENTLY INCREASING (ANNUAL) DISTRIBUTIONS TO BBYO TO CARRY OUT ITS MISSION; TO OVERSEE THE INVESTMENT OF THE FUND'S ASSETS TO OPTIMIZE THE LONG-TERM SUPPORT IT PROVIDES TO BBYO; AND, UPON REQUEST FROM BBYO, TO ISSUE PRUDENT LOANS AND/OR TO MAKE DISTRIBUTIONS TO BBYO FROM THE FUND'S UNRESTRICTED ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Estee Portnoy Chair | OfficerTrustee | 1 | $0 |
Susan Goldsmith Board Member | Trustee | 1 | $0 |
Phyllis Tabachnik Board Member | Trustee | 1 | $0 |
Howard Wohl Board Member | Trustee | 1 | $0 |
Ted Perlman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,251,223 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,251,223 |
| Total Program Service Revenue | $0 |
| Investment income | $9,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $210,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,470,457 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,276 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $4,534,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $675,926 |
| Total assets | $5,210,745 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | -$6,960 |
| Net assets with donor restrictions | $5,217,705 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,210,745 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bbyo Fund For The Future Inc has recieved totaling $1,261,567.
| Awarding Organization | Amount |
|---|---|
Bnai Brith Youth Organization Inc Washington, DC PURPOSE: TRANSFER OF ENDOWMENT FUNDS | $1,251,223 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,344 |
Endowment Analysis
| Beg. Balance | $2,998,617 |
| Earnings | $983,181 |
| Net Contributions | $1,359,956 |
| Other Expense | $10,492 |
| Grants | $12,799 |
| Ending Balance | $5,318,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Love Of Jesus Inc Richmond, VA | $78,913 | $756,026 |
Cathedral Of The Sacred Heart Foundation Richmond, VA | $1,493,251 | $566,622 |
Camp St Charles Inc Issue, MD | $696,980 | $720,122 |
Virginia Baptist Childrens Home & Family Services Foundation Salem, VA | $12,915,726 | $2,531,560 |
Acc Foundation Washington, DC | $169,352 | $568,950 |
Remnant Ministry Annandale, VA | $2,109,776 | $382,307 |
Northstar Community Inc Richmond, VA | $346,757 | $398,467 |
Barnabas Center- Richmond Richmond, VA | $205,831 | $470,219 |
Bruton Parish Church Endowment Fund Inc Williamsburg, VA | $13,990,916 | $89,154 |
Mt Gilead Community Development Corporation Richmond, VA | $18,665 | $295,772 |
St Johns Episcopal Church Endowment Fund Inc Richmond, VA | $3,860,300 | $760,109 |