Gift4s Giving Individuals The Fundamental Tools 4 Success
- Assets
- $3.2m
- Revenue
- $141.0k
- Investments
- $0.0
- Employees
- 0
- Location
- The Colony, TX
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 82-3947947
Organization Overview
Gift4s Giving Individuals The Fundamental Tools 4 Success is located in The Colony, TX. 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. Gift4s Giving Individuals The Fundamental Tools 4 Success 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, Gift4s Giving Individuals The Fundamental Tools 4 Success generated $141.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS AND THEIR FAMILIES WITH FUNDAMENTAL SKILLS AND TOOLS TO ACHIEVE THEIR PERSONAL AND PROFESSIONAL OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
-THE G.I.F.T.4.S. ACADEMY IS A THREE-WEEK INTENSIVE PROGRAM DESIGNED FOR STUDENTS FROM 3RD TO 12TH GRADE. THIS PROGRAM EMPHASIZES CORE SUBJECTS, COMPUTER LITERACY, HEALTH AND WELLNESS, AND FINE ARTS. ADDITIONALLY, PARENTS CAN JOIN EDUCATIONAL WORKSHOPS COVERING TOPICS SUCH AS FINANCIAL LITERACY AND PARENTING SKILLS. EXPERIENCED TEACHERS, COUNSELORS, COACHES, VOLUNTEERS, AND STAFF DELIVER THE NECESSARY INFORMATION TO HELP PARTICIPANTS AND THEIR FAMILIES ACHIEVE HIGH LEVELS OF EXCELLENCE. BEYOND THE SUMMER ACADEMY, THE FOUNDATION ALSO OFFERS TUTORING THROUGHOUT THE SCHOOL YEAR TO HELP STUDENTS PREPARE FOR STANDARDIZED TESTS AND IMPROVE THEIR ACADEMIC PERFORMANCE.
THE ORGANIZATION ALSO PROVIDES ASSISTANCE TO ELIGIBLE CLIENTS FOR FOOD, RENT, AND OTHER FAMILY-RELATED HOUSEHOLD COSTS. IN 2023, THE ORGANIZATION PROVIDED ASSISTANCE TO 93 ELIGIBLE FAMILIES AND 197 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Venera Flores-Stafford VP & CFO | OfficerTrustee | 5 | $50,000 |
Jean Moore Executive Dir. | Officer | 20 | $50,000 |
Michael Finley President | OfficerTrustee | 2 | $0 |
Emily Crawford Secretary | OfficerTrustee | 1 | $0 |
Charae Swanson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,365 |
| Total Program Service Revenue | $0 |
| Investment income | $114,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,121 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $804,970 |
| Grants and other assistance to domestic individuals. | $6,449 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,723 |
| Fees for services: Accounting | $1,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,573 |
| Advertising and promotion | $6,329 |
| Office expenses | $49 |
| Information technology | $8,097 |
| Royalties | $0 |
| Occupancy | $1,417 |
| Travel | $1,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,180 |
| All other expenses | $0 |
| Total functional expenses | $1,121,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,575 |
| Savings and temporary cash investments | $2,901,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,399 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $638 |
| Total assets | $3,168,621 |
| Accounts payable and accrued expenses | $239 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $239 |
| Net assets without donor restrictions | $3,168,382 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,168,621 |
Grants Awarded
Over the last fiscal year, Gift4s Giving Individuals The Fundamental Tools 4 Success has awarded $804,970 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BRIDGEPORT PURPOSE: PARK GRANT | $704,970 |
ZION BETHEL MISSION BAPTIST PURPOSE: GENERAL SUPPORT | $100,000 |