Beba Innovation And Entrepreneurship Foundation Inc
- Assets
- $2.2m
- Revenue
- $912.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 82-3701017
Organization Overview
Beba Innovation And Entrepreneurship Foundation Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beba Innovation And Entrepreneurship Foundation 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, Beba Innovation And Entrepreneurship Foundation Inc generated $912.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $249.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Beba Innovation And Entrepreneurship Foundation Inc has awarded 22 individual grants totaling $134,702. 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
TO PROMOTE INNOVATION AND ENTREPRENEURIAL LEARNING BY LEVERAGING STRENGTHS IN MULTI-DISCIPLINARY AND EXPERIENTIAL LEARNING IN SCIENCE, TECHNOLOGY AND BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Korhan Beba Executive Director | 40 | $114,000 | |
Kutay Beba Officer | 2 | $0 | |
Umran Beba Director | 10 | $0 | |
Ali Beba President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $617,006 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $287,548 |
| Capital Gain Net Income | $287,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,830 |
| Total Revenue | $912,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $114,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $654 |
| Depreciation | $0 |
| Occupancy | $27,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,901 |
| Total operating and administrative expenses | $164,797 |
| Contributions, gifts, grants paid | $84,952 |
| Total expenses and disbursements | $249,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,798 |
| 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 | $2,174,669 |
| 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, Beba Innovation And Entrepreneurship Foundation Inc has awarded $84,952 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TURKISH PHILANTROPHY FUNDS PURPOSE: FOR THE ENTREPRENEUSHIP OF YOUTH PROJECTS AT DARUSSAFAKA HIGH SCHOOL IN INSTANBUL TURKEY | $25,000 |
COLUMBIA UNIVERSITY PURPOSE: TO ASSIST WOMEN ENTREPRENEURS BUILD SUCCESSFUL BUSINESSES. | $21,000 |
MILLION WOMENS MENTORSBIZ&US INC PURPOSE: ANNUAL PAYMENT TO BECOME ONE OF THE FOUNDING MEMBERS OF THE MILTON WOMEN MENTORS PROGRAM TO PROVIDE YOUNG WOMEN MENTORSHIP IN THE STEM FIELDS | $10,000 |
PURCHASE COLLEGE PURPOSE: DONATION FOR THE MONTH OF GIVING EVENT | $10,000 |
Baltimore, MD PURPOSE: TO FURTHER TO PURPOSE OF THE ORGANIZATION WHICH IS EXEMPT UNDER 501(C)(3). | $6,000 |
AMERICAN TURKISH SOCIETY PURPOSE: DONATION TO AWS ANNUAL GALA EVENT SUPPORTING AMERICAN ENTREPRENEURS. | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abrahams Blessing Albany, NY | $1,941,159 | $28,861,670 |
Planet Aid Inc Milford, MA | $17,464,781 | $29,818,126 |
Wateraid America Inc New York, NY | $16,422,746 | $24,856,015 |
Christian Relief International Lancaster, PA | $46,193,710 | $37,368,118 |
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
Marys Meals Usa Inc Bloomfield, NJ | $3,234,334 | $9,784,357 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Big Heart Foundation Inc Clifton, NJ | $8,754,377 | $8,531,455 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |