Five Two Foundation
- Assets
- $50.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4329847
Organization Overview
Five Two Foundation is located in Fairfax, VA. The organization was established in 2014. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, 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. Five Two 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 12/2021, Five Two Foundation generated $153.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $120.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PRIMARILY EXECUTES ITS EXEMPT PURPOSE THROUGH A FISCAL SPONSORSHIP WITH FIVE TWO FOUNDATION KOREA, A NONPROFIT REGISTERED IN SOUTH KOREA. GRANTS RECEIVED BY THE FOREIGN ORGANIZATION ARE UNDER THE DIRECT SUPERVISION AND OVERSIGHT OF THE DIRECTORS OF THIS ORGANIZATION. THE FUNDS ARE PRIMARILY USED FOR THE FURTHERING OF GOD'S KINGDOM IN ASIA AND TO SUPPORT LOCAL CHRISTIAN MINISTRIES AND ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Lim Treasurer | 20 | $0 | |
Heather Lim Secretary | 10 | $0 | |
Matt Suhocki President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,948 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $153,948 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,851 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $30,540 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,782 |
| Total expenses | $120,173 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,453 |
| Other assets | $0 |
| Total assets | $50,453 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,453 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Five Two Foundation has recieved totaling $20,132.
| Awarding Organization | Amount |
|---|---|
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Board Of Child Care Of The United Methodist Church Incorporated Baltimore, MD | $135,211,803 | $51,763,524 |
Home Of The Innocents Louisville, KY | $65,936,373 | $44,982,651 |
The Accreditation Commission For Health Care Inc Cary, NC | $50,991,539 | $43,469,636 |
Alexander Youth Network Charlotte, NC | $13,951,988 | $30,286,385 |
Childrens Guild Inc Baltimore, MD | $23,290,601 | $33,432,358 |
Child Trends Incorporated Bethesda, MD | $18,852,217 | $34,169,461 |
Childrens Home Society Of North Carolina Inc Greensboro, NC | $19,407,050 | $27,175,677 |
Childrens Home Society Of West Virginia Charleston, WV | $19,571,379 | $26,416,852 |
Port Health Services Greenville, NC | $13,234,691 | $26,221,937 |
Sunrise Childrens Services Mt Washington, KY | $37,970,472 | $27,965,095 |
Virginia Baptist Childrens Home And Family Services Salem, VA | $22,485,858 | $18,159,448 |
Catholic Charities Of Louisville Inc Louisville, KY | $10,972,807 | $15,581,081 |