Pass The Torch Inc
- Assets
- $2.5k
- Revenue
- $6.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Melbourne, FL
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-4956722
Organization Overview
Pass The Torch Inc is located in Melbourne, FL. The organization was established in 2017. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., 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. Pass The Torch 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, Pass The Torch Inc generated $6.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION CONSTRUCTION AND MAINTENANCE OF A SCOUTPOST FACILITY TO HOST BSA SCOUTING ACTIVITIES YOUTH ACTIVITIES AND COMMUNITY ACTIVITIES FOR SURROUNDING AREAS
SUPPORT BOY SCOUTS OF AMERICA TROOP 337 EAGLE SCOUT PROJECTS AND OTHER SCOUT PROGRAMS THAT BENEFIT MELBOURNE BREVARD COUNTY AND SURROUNDING COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Walton Director | 0 | $0 | |
Spiros E Nifakos President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,678 |
| 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 | $0 |
| Total Revenue | $6,678 |
| 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 | $5,117 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,117 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $5,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,512 |
| 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 | $2,512 |
| 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, Pass The Torch Inc has awarded $1,450 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BSA TROOP 337 PURPOSE: BOY SCOUT CAMPING | $1,200 |
EVOLUTION ELITE 12U BASEBALL TEAM PURPOSE: DONATION FOR BASEBALL TOURNAMENT | $250 |
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