Norwex Foundation For A Brighter Future Inc
- Assets
- $54.4k
- Revenue
- $44.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Coppell, TX
- Founding
- 02/2017
- Data as of
- 12/2021
- 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 12/2021, Norwex Foundation For A Brighter Future Inc generated $44.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.6%) each year. All expenses for the organization totaled $167.2k during the year ending 12/2021. 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 77 individual grants totaling $732,431. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORWEX FOUNDATION FOR A BRIGHTER FUTURE PROVIDED CHARITABLE GIFTS TO OTHER CHARITABLE ORGANIZATIONS DURING THE 2021 FISCAL YEAR YEAR. THIS PROVIDED NECESSARY RESOURCES FOR EACH OF THESE ORGANIZATIONS TO BETTER SERVE THEIR COMMUNITY.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlsa Hamner Secretary / Treasurer | 1 | $0 | |
Kelley Milner President | 1 | $0 | |
Judy Letain Director | 1 | $0 | |
Debbie Bolton Director | 1 | $0 | |
Amy Cadora Director | 1 | $0 | |
Sara Warren Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,728 |
| 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 | $44,728 |
| 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 | $1,946 |
| Total operating and administrative expenses | $12,673 |
| Contributions, gifts, grants paid | $154,525 |
| Total expenses and disbursements | $167,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,375 |
| 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 | $54,375 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $43,500 |
| 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 | $43,500 |
Grants Awarded
Over the last fiscal year, Norwex Foundation For A Brighter Future Inc has awarded $154,525 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Clarion, PA PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $25,000 |
FACES OF COURAGE PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $20,000 |
Babcock, WI PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $15,000 |
UNICYCLE NASHVILLE PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $12,000 |
HEALING HEARTS AND HOMES PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $10,000 |
FOSTERING HOPE PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Memorial Hermann Hospital Based Physician Group Houston, TX | $12,517,571 | $82,920,785 |
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 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
Translational Genomics Research Institute Phoenix, AZ | $224,233,974 | $175,687,790 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Ach Child And Family Services Fort Worth, TX | $163,813,747 | $98,425,348 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Cckc4 Inc Wichita, KS | $1,278,082,464 | $69,570,660 |
Kansas Association Of Child Care Resource And Referral Agencies Salina, KS | $5,216,379 | $98,524,579 |