Split Second Foundation Inc
- Assets
- $122.3k
- Revenue
- $278.3k
- Investments
- $0.0
- Employees
- 7
- Location
- New Orleans, LA
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-5240639
Organization Overview
Split Second Foundation Inc is located in New Orleans, LA. The organization was established in 2018. According to its NTEE Classification (H01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Medical Research and related organizations. As of 12/2021, Split Second Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Split Second 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, Split Second Foundation Inc generated $278.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.2% each year . All expenses for the organization totaled $353.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BREAKDOWN PHYSICAL, SOCIETAL, AND RESEARCH BARRIERS FOR PEOPLE LIVING WITH PHYSICAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FEBRUARY 2021, WE OPENED THE FITNESS FACILITY IN LOUISIANA FOR PEOPLE LIVING WITH DISABILITIES AND SERVED OVER 127 PEOPLE THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darryl Willis Board Co-Chair | OfficerTrustee | 1 | $0 |
Gregory Turner Board Chair | OfficerTrustee | 1 | $0 |
Nelita Manego-Ramey Board Secretary | OfficerTrustee | 1 | $0 |
Mark El-Amm Board Treasurer | OfficerTrustee | 1 | $0 |
Mark Raymond Jr CEO & President | Officer | 40 | $0 |
Maureen Zimmerman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $163,782 |
| Related organizations | $0 |
| Government grants | $14,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,619 |
| Noncash contributions included in lines 1a–1f | $14,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,401 |
| Total Program Service Revenue | $13,013 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,565 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $492 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,199 |
| Compensation of current officers, directors, key employees. | $6,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,377 |
| Payroll taxes | $15,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,510 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,413 |
| Advertising and promotion | $17,971 |
| Office expenses | $15,551 |
| Information technology | $3,095 |
| Royalties | $0 |
| Occupancy | $34,721 |
| Travel | $38 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,484 |
| Insurance | $10,479 |
| All other expenses | $1,669 |
| Total functional expenses | $353,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,766 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,500 |
| Net Land, buildings, and equipment | $9,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,101 |
| Total assets | $122,338 |
| Accounts payable and accrued expenses | $0 |
| 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 | $157,805 |
| Other liabilities | $8,857 |
| Total liabilities | $166,662 |
| Net assets without donor restrictions | $0 |
| 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 | -$44,324 |
| Total liabilities and net assets/fund balances | $122,338 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Split Second Foundation Inc has recieved totaling $50,030.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,133 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $11,079 |
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $10,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: HUMAN SERVICES | $6,679 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooling Technology Institute Houston, TX | $2,110,913 | $669,088 |
Split Second Foundation Inc New Orleans, LA | $122,338 | $278,341 |
Consortium For Advanced Manufacturing International Inc Austin, TX | $8,871 | $217,749 |
Mississippi Sids And Infant Safety Alliance Madison, MS | $138,906 | $92,286 |
Protein Board Corporation Flower Mound, TX | $13,431 | $0 |