Escape Velocity Resources Foundation Inc
- Assets
- $6.7k
- Revenue
- $186.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- Data as of
- 12/2022
- EIN
- 81-2836404
Organization Overview
Escape Velocity Resources Foundation Inc is located in Sacramento, CA. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Escape Velocity Resources Foundation 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 12/2022, Escape Velocity Resources Foundation Inc generated $186.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $183.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT AND SACTOWNYOUTHNIGHTS YOUTH EVENTS PROMOTING ENGAGEMENT LEARNING AND YOUTH DEVELOPMENT
SACYOUTHWORKS MINDONESIX YOUTH MENTAL HEALTH SUMMER PROGRAM
COMMUNITY OUTREACH FOR COVID19 PREVENTION AND COMMUNITY COLLEGE ENROLLMENT
DOMESTIC VIOLENCE PREVENTION WITH SOUTH SACRAMENTO HEALTHY BLACK FAMILIES COLLABORATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirkeri Badger Chief Executive Officer | 4 | $0 | |
Felicia Armelin Chief Financial Officer | 15 | $0 | |
Chania Couisan Secretary | 1 | $0 | |
Damaje Muhammad Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $123,495 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,550 |
| Total Revenue | $186,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $5,920 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $3,357 |
| Other expenses | $130,764 |
| Total operating and administrative expenses | $183,742 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $183,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,670 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,670 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Escape Velocity Resources Foundation Inc has awarded $10,106 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SHAHAD PURPOSE: WORK READINESS PROGRAM STIPEND | $640 |
YOUTH AMBASSADORS PURPOSE: WEAVE YOUTH AMBASSADOR ACTIVITIES | $925 |
SERENITY PURPOSE: WORK READINESS PROGRAM STIPEND | $780 |
VARIOUS YOUTH PURPOSE: YOUTH STIPENDS FROM PROYOUTH MINDONESIX PROGRAM | $5,700 |
ALL THINGS LITERACY PURPOSE: BOOKS | $1,201 |
SHIRKERI BADGER PURPOSE: REIMBURSED FUNERAL EXPENSES | $860 |