B3 Foundation
- Assets
- $95.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-1690405
Organization Overview
B3 Foundation is located in Torrance, CA. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, 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. B3 Foundation 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, B3 Foundation generated $107.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $128.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TOGETHER WITH OUR COMMUNITY PARTNERS, WE EQUIP AND EMPOWER STUDENT LEADERS IN UNDER-RESOURCED COMMUNITIES THROUGH YOUTH-FOCUSED PROGRAMMING IN THE FORM OF MENTORSHIP, SCHOLARSHIP AND COMMUNITY ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Bergstrom Vice President | 0 | $39,000 | |
Zachery Banner President | 0 | $0 | |
Heather Masciotti CFO | 0 | $0 | |
Marty Schafer CEO | 0 | $0 | |
Laura Okmin Chairman | 0 | $0 | |
Ryan Stern Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $107,360 |
| Other Revenue | $0 |
| Total Revenue | $107,372 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,264 |
| Professional fees and other payments to independent contractors | $6,164 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $216 |
| Other expenses | $76,234 |
| Total expenses | $128,878 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,395 |
| Other assets | $0 |
| Total assets | $94,952 |
| Total liabilities | $0 |
| Net assets or fund balances | $94,952 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that B3 Foundation has recieved totaling $36,638.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,452 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,452 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,234 |
Feldman Foundation Ca San Francisco, CA PURPOSE: GENERAL & UNRESTRICTED | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cityserve Network Bakersfield, CA | $4,069,087 | $94,473,161 |
Movement Strategy Center Oakland, CA | $26,305,991 | $30,747,629 |
Casa De Los Ninos Inc Tucson, AZ | $25,293,755 | $23,382,073 |
Woodcraft Rangers Los Angeles, CA | $7,179,034 | $18,872,695 |
Californians Dedicated To Education Foundation San Francisco, CA | $5,632,923 | $12,853,124 |
Coalition For Responsible Community Development Los Angeles, CA | $20,510,086 | $22,552,371 |
Young Community Developers San Francisco, CA | $10,175,438 | $17,514,811 |
Community Youth Center Of San Francisco San Francisco, CA | $17,880,445 | $17,282,098 |
Kupu Honolulu, HI | $10,299,309 | $11,230,476 |
Kids Unlimited Of Oregon Medford, OR | $20,008,929 | $11,933,756 |
Hunters Point Family San Francisco, CA | $3,079,045 | $12,434,856 |
Alliance For A Healthier Generation Inc Portland, OR | $19,826,978 | $16,732,492 |