Norwex Foundation For A Brighter Future Inc
- Assets
- $32.4k
- Revenue
- $148.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Coppell, TX
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-4977482
Organization Overview
Norwex Foundation For A Brighter Future Inc is located in Coppell, TX. The organization was established in 2017. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwex Foundation For A Brighter Future 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, Norwex Foundation For A Brighter Future Inc generated $148.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $103.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Norwex Foundation For A Brighter Future Inc has awarded 105 individual grants totaling $981,906. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS ORGS - NORWEX FOUNDATION FOR A BRIGHTER FUTURE PROVIDED CHARITABLE GIFTS TO OTHER CHARITIES AND ORGANIZATIONS DURING THE 2023 CALENDAR YEAR. THIS PROVIDED NECESSARY RESOURCES FOR EACH OF THESE ORGANIZATIONS TO BETTER SERVE THEIR COMMUNITY
FEES - COSTS INCURRED TO OPERATE THE FOUNDATION DIRECTLY SUPPORT AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlsa Hamner Secretary Treasurer | 1 | $0 | |
Debbie Bolton Director | 1 | $0 | |
Amy Carora Director | 1 | $0 | |
Tami Merica Director | 1 | $0 | |
Sara Warren Director | 1 | $0 | |
Fred Bolingbroke Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $148,762 |
| 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 | $148,762 |
| 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 | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,500 |
| Contributions, gifts, grants paid | $101,750 |
| Total expenses and disbursements | $103,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,448 |
| 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 | $32,448 |
| 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, Norwex Foundation For A Brighter Future Inc has awarded $101,750 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER HOPE NETWORK PURPOSE: 501 C 3 | $13,750 |
AUSOME INDY PURPOSE: 501C 3 TO SUPPORT CHILDREN WITH AUTISM | $4,000 |
BRIDGING THE GAP FOR WATER PURPOSE: 501C3 TO SUPPORT CLEAN WATER IN NEEDED AREAS | $10,000 |
VICTORY LANE CAMP PURPOSE: 501C3 TO SUPPORT CAMPS TO HELP WITH CHILDREN OF VARIOUS DISABILITIES MAKE CONNECTIONS | $12,000 |
FARM IN THE DELL ROCKY MOUNTAIN F PURPOSE: 501C3 OUR MISSION IS TO BUILD A COMMUNITY-BASED SELF-SUPPORTING FARM FOR PEOPLE WITH INTELLECTUAL DISABILITIES IN THE ROCKY MOUNTAIN | $5,000 |
WARRIER SPIRIT THERAPIES PURPOSE: 501 C3 TO END VETERAN SUICIDE AND ADDRESS MENTAL HEALTH IN OUR COMMUNITIES. | $15,000 |