Shred Foundation
- Assets
- $12.5k
- Revenue
- $204.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Beacon, NY
- Founding
- 09/2014
- Data as of
- 07/2022
- EIN
- 47-1612775
Organization Overview
Shred Foundation is located in Beacon, NY. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shred 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 07/2022, Shred Foundation generated $204.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $192.4k during the year ending 07/2022. While expenses have increased by 48.2% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS FOR UNDERPRIVELEDGED YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR UNDERPRIVELEDGED YOUTH
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,000 |
| 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 | $90,000 |
| Total Program Service Revenue | $114,882 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,882 |
| 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. | $54,615 |
| 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 | $9,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,570 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,443 |
| Advertising and promotion | $4,142 |
| Office expenses | $7,140 |
| Information technology | $4,240 |
| Royalties | $0 |
| Occupancy | $47,561 |
| Travel | $172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,790 |
| All other expenses | $5,974 |
| Total functional expenses | $192,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,472 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,472 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $12,472 |
| Total liabilities and net assets/fund balances | $12,472 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Shred Foundation has recieved totaling $97,556.
| Awarding Organization | Amount |
|---|---|
Share Winter Foundation Providence, RI PURPOSE: GENERAL SUPPORT | $92,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,006 |
Lamb Weston Charitable Foundation Eagle, ID PURPOSE: COMMUNITY SUPPORT | $50 |
Peer Organizations
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|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |