For The Need Foundation
- Assets
- $222.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Simi Valley, CA
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 81-0657985
Organization Overview
For The Need Foundation is located in Simi Valley, CA. The organization was established in 2004. 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. For The Need 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 12/2022, For The Need Foundation generated $141.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $348.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL OR MATERIAL ASSISTANCE FOR THE SPECIAL NEEDS OR AT-RISK CHILDREN AND ADULTS AND TO HELP CHILDREN EXPERIENCING HOMELESSNESS AND POVERTY BY PROVIDING MENTORSHIP FINANCIAL AND OTHER RESOURCES ACTIVITIES AND MATERIALS
Describe the Organization's Program Activity:
Part 3
BOW & ARROW PROGRAM PROVIDING MENTORSHIP FINANCIAL AND OTHER RESOURCES ACTIVITIES AND MATERIALS TO YOUTH EXPERIENCING HOMELESSNESS POVERTY AND CRHONIC ILLLNESS
MAILING OF HOLIDAY LETTER FOR DONATIONS TO SUPPLY GIFTS TO CHILDREN IN NEED
SENT THE PROGRAM CHILDREN TO SUMMER CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorina Timbol Executive Dir. | 20 | $47,613 | |
Myan Spaccarelli Director | 2 | $0 | |
Vivianna Spaccarelli Director | 2 | $0 | |
Danny Spaccarelli Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,142 |
| Total Program Service Revenue | $26,865 |
| Membership dues | $0 |
| Investment income | $1,866 |
| Gain or Loss | $7 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $141,880 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,385 |
| Professional fees and other payments to independent contractors | $11,648 |
| Occupancy, rent, utilities, and maintenance | $15,990 |
| Printing, publications, postage, and shipping | $1,605 |
| Other expenses | $258,416 |
| Total expenses | $348,044 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $222,541 |
| Other assets | $0 |
| Total assets | $222,541 |
| Total liabilities | $2,208 |
| Net assets or fund balances | $220,333 |
Grants Awarded
Over the last fiscal year, For The Need Foundation has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES CHURCH OF CHRIST | | | $10,000 |
HAPPY TRAILS FOR KIDS | | | $5,000 |