4lbu Foundation is located in Solana Beach, CA. 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. 4lbu 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 12/2022, 4lbu Foundation generated $10.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $8.6k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
HOST AN ANNUAL RETREAT WHERE SCHOLARSHIPS ARE AWARDED TO UNDERSERVED YOUTH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Prince Daniels President | 5 | $0 | |
Leybelis Padilla Foundation Mgr. | 3 | $0 | |
Kristen Wright-Matthews Secretary | 10 | $0 | |
Jai Daggett Director | 2 | $0 | |
Marcus Difiore Treasurer | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $10,000 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $4,000 |
Professional fees and other payments to independent contractors | $725 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $3,900 |
Total expenses | $8,625 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $5,064 |
Other assets | $0 |
Total assets | $5,064 |
Total liabilities | $0 |
Net assets or fund balances | $5,064 |