Bco Benevolence Fund Inc
- Assets
- $263.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 56-2501835
Organization Overview
Bco Benevolence Fund Inc is located in Jacksonville, FL. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bco Benevolence Fund 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, Bco Benevolence Fund Inc generated $181.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $97.8k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE BCO BENEVOLENCE FUND, INC. WAS FORMED FOR THE PURPOSE OF PROVIDING EMERGENCY HARDSHIP ASSISTANCE TO THE BUSINESS CAPACITY OWNERS (BCOS) UNDER CONTRACT TO LANDSTAR SYSTEM, INC. AND ITS SUBSIDIARIES AND THE IMMEDIATE FAMILY MEMBERS OF THOSE BCOS. BCOS ARE NOT EMPLOYEES OF THE LANDSTAR SYSTEM, RATHER THEY ARE SMALL BUSINESS OWNERS AND INDEPENDENT OWNER OPERATORS OF SALES FACILITIES AND EQUIPMENT SERVING LANDSTAR. THE FUND IS DESIGNED TO PROVIDE SUCH EMERGENCY ASSISTANCE TO INDIVIDUALS IN NEED. IT IS ANTICIPATED THAT THE GRANTS WOULD BE MADE FOR FOOD, CLOTHING, HOUSING, REPAIRS, TRANSPORTATION, MEDICAL ASSISTANCE, FUNERAL EXPENSES, AND OTHER GOODS AND SERVICES TYPICALLY ASSOCIATED WITH AN UNFORESEEN EVENT OR CIRCUMSTANCE SUCH AS A HURRICANE, FIRE, DEATH, MEDICAL ILLNESS OR ACCIDENT. IN ORDER TO RECEIVE AN EMERGENCY HARDSHIP GRANT FROM THE FUND, THE INDIVIDUAL SHALL SUBMIT THE REQUIRED APPLICATION AND SUFFICIENT SUPPORTING DOCUMENTATION TO SUPPORT A FINDING THAT THE RECIPIENT IS "DISTRE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg R Nelson President/director | 0.5 | $0 | |
Michael K Kneller Vice President/secretary | 0.5 | $0 | |
Rocco A Davanzo Director | 0.5 | $0 | |
Connie L Kortus Director | 0.5 | $0 | |
James P Todd Vice President | 0.5 | $0 | |
Joseph R Nichols Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,717 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,909 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $181,626 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,328 |
| Total expenses | $97,828 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $263,609 |
| Other assets | $0 |
| Total assets | $263,609 |
| Total liabilities | $0 |
| Net assets or fund balances | $263,609 |