250 Inc
- Assets
- $12.6k
- Revenue
- $241.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-3439774
Organization Overview
250 Inc is located in Cleveland, OH. The organization was established in 2015. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, 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. 250 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 12/2021, 250 Inc generated $241.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (55.7%) each year. All expenses for the organization totaled $5.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, 250 Inc has awarded 11 individual grants totaling $154,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRINCIPAL PURPOSE OF THE CORPORATION IS TO BRING TOGETHER MEMBERS OF THE COMMUNITY ANNUALLY TO HONOR PAST ACHIEVEMENTS THEREBY ENHANCING COMMUNITY SPIRIT AND PHILANTHROPY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL FUNDRAISING EVENT TO BENEFIT VARIOUS BIG BROTHERS BIG SISTERS ORGANIZATIONS AND OTHER QUALIFIED CHARITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Spitz Chairman | Officer | 5 | $0 |
Jeremy Bass Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241 |
| Total Program Service Revenue | $0 |
| 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 | $241 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $187 |
| 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 | $1,555 |
| All other expenses | $0 |
| Total functional expenses | $5,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,556 |
| 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 | $12,556 |
| 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 | $12,556 |
| Total liabilities and net assets/fund balances | $12,556 |
Grants Awarded
Over the last fiscal year, 250 Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Shaker Heights, OH | | $15,000 |
Columbus, OH | | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Remember Nhu Akron, OH | $1,725,867 | $3,603,409 |
Upspring Cincinnati, OH | $867,696 | $895,370 |
Anthony Munoz Foundation Cincinnati, OH | $1,120,500 | $1,095,006 |
Cavaliers Youth Foundation Cleveland, OH | $907,069 | $380,976 |
The Jerome Bettis Bus Stop Here Foundation Southfield, MI | $31,237 | $230,021 |
Van Noy Valor Foundation Inc Florence, KY | $112,217 | $345,441 |
Kids On The Move Louisville, KY | $83,801 | $276,776 |
Fields Of Wheat Inc Middlefield, OH | $932,156 | $355,579 |
Detroit Red Wings Alumni Association Inc Detroit, MI | $283,794 | $124,732 |
Footpath Foundation Westlake, OH | $395,106 | $316,233 |
Youth Foundation Of America Petoskey, MI | $1,408,546 | $54,787 |
Porcini Childrens Foundation Inc Louisville, KY | $146,144 | $202,828 |