Bizfed Institute
- Assets
- $135.4k
- Revenue
- $473.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Commerce, CA
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 81-2589663
Organization Overview
Bizfed Institute, operating under the name Bfi, is located in Commerce, CA. The organization was established in 2018. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bfi 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, Bfi generated $473.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $427.9k during the year ending 12/2021. While expenses have increased by 56.9% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BIZFED INSTITUTE ENHANCES COMMUNITY REVITALIZATION ECONOMIC DEVELOPMENT AND CIVIV ENGAGEMENT THROUGH CONCERTED ORGANIZATION INFORMATION RESEARCH AND COMMUNICATION. THE INSTITUTE EDUCATES ENGAGES AND EQUIPS BUSINESS LEADERS AND OWNERS WITH THE NECESSARY KNOWLEDGE CONNECTIONS AND RESOURCES TO CREATE A ROBUST REGIONAL ECONOMY. THIS IS ACCOMPLISHED THROUGH FORUMS AND ROUNDTABLES TO ADDRESS VARIOUS ISSUES SUCH AS ENVIRONMENT STEWARDSHIP AND SUSTAINABILITY EDUCATION WORKPLACE DEVELOPMENT HOUSING TRANSPORTATION WATER ETC. BIZFED INSTITUTE IS FUNDED THROUGH GRANTS CONTRIBUTIONS SPONSORSHIPS AND GIFTS FROM FAMILY FRIENDS CORPORATION FOUNDATIONS AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND COMMUNITY FORUMS ON HOUSING WATER BUSINESS RESILIENCY AND TECHNOLOGY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Harbour Sr President | Officer | 40 | $157,467 |
Jonathan Parfrey Chair | OfficerTrustee | 4 | $0 |
Kevin Klowden Vice Chair | OfficerTrustee | 4 | $0 |
Ron Miller Treasurer | OfficerTrustee | 4 | $0 |
Steve Pontell Immediate Past Chair | OfficerTrustee | 4 | $0 |
David Fleming Founding Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,875 |
| Noncash contributions included in lines 1a–1f | $12,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,875 |
| 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 | $473,875 |
| 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 | $256,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,898 |
| Payroll taxes | $12,888 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,159 |
| Office expenses | $1,715 |
| Information technology | $755 |
| Royalties | $0 |
| Occupancy | $12,000 |
| 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 | $3,173 |
| All other expenses | $0 |
| Total functional expenses | $427,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,207 |
| 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 | $2,233 |
| 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 | $135,440 |
| Accounts payable and accrued expenses | $24,532 |
| Grants payable | $0 |
| Deferred revenue | $48,500 |
| 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 | $73,032 |
| 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 | $62,408 |
| Total liabilities and net assets/fund balances | $135,440 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bizfed Institute has recieved totaling $136,750.
| Awarding Organization | Amount |
|---|---|
California Emerging Technology Fund Concord, CA PURPOSE: TO SUPPORT PROGRAMS THAT INCREASE BROADBAND AWARENESS AND ADOPTION | $110,000 |
California Association Of Realtors Inc Los Angeles, CA PURPOSE: ADVOCACY | $11,750 |
Randall W Lewis Family Foundation Upland, CA PURPOSE: TO EDUCATE LEADERS AND HELP STRENGTHEN COMMUNITIES. | $5,000 |
Randall W Lewis Family Foundation Upland, CA PURPOSE: TO EDUCATE LEADERS AND HELP STRENGTHEN COMMUNITIES. | $5,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MOBILE VACCINATION CLINIC | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Development Foundation Woodland, CA | $499,472 | $124,731 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Translational Genomics Research Institute Phoenix, AZ | $224,233,974 | $175,687,790 |
Central Valley General Hospital Hanford, CA | $0 | $118,529,798 |
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Rogue Credit Union Medford, OR | $2,944,952,062 | $136,267,424 |
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |