Split Second Foundation Inc
- Assets
- $213.2k
- Revenue
- $766.0k
- Investments
- $0.0
- Employees
- 9
- Location
- New Orleans, LA
- Founding
- 05/2018
- Data as of
- 12/2023
- 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 12/2023, Split Second Foundation Inc employed 9 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 12/2023, Split Second Foundation Inc generated $766.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.1% each year . All expenses for the organization totaled $738.5k 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
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
SPLIT SECOND FOUNDATION OPERATES A HOLISTIC WELLNESS FACILITY PROVIDING FITNESS, MENTAL HEALTH, AND CASE MANAGEMENT SERVICES TO PEOPLE WITH DISABILITIES. SPLIT SECOND FITNESS HAS GROWN FROM 149 CLIENTS AT THE BEGINNING OF 2023 TO OVER 180 CLIENTS. THE FITNESS PROGRAM HAS MAINTAINED AN AVERAGE OF 70 ACTIVE CLIENTS MONTHLY, DEMONSTRATING A 90% RETENTION RATE. THE ORGANIZATION STARTED THE CARES PROGRAM IN JANUARY 2023 AND HIRED A DIRECTOR TO BUILD OUT THE PROGAM. THIS PROGRAM IS A COMPREHENSIVE MENTAL HEALTH AND CASE MANAGEMENT PROGRAM FOR CLIENTS AND CAREGIVERS THAT PROVIDES ONE-TO-ONE THERAPY, SUPPORT GROUPS, OLDER ADULT SUPPORT, RESOURCE NAVIGATION, AND CASE MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Zimmerman Board Member | Trustee | 1 | $0 |
Camille Whitworth Board Member | Trustee | 1 | $0 |
Tyronne Walker Board Member | Trustee | 1 | $0 |
James Vinturella Board Member | Trustee | 1 | $0 |
Lance Thomas Board Member | Trustee | 1 | $0 |
Hyma Moore Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $292,091 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,720 |
| Noncash contributions included in lines 1a–1f | $75,168 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,811 |
| Total Program Service Revenue | $193,237 |
| 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 | -$105,709 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $729 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $766,031 |
| 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. | $65,290 |
| Compensation of current officers, directors, key employees. | $32,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,159 |
| Payroll taxes | $36,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $6,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,326 |
| Advertising and promotion | $16,217 |
| Office expenses | $20,479 |
| Information technology | $3,658 |
| Royalties | $0 |
| Occupancy | $40,631 |
| Travel | $2,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,962 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,622 |
| Insurance | $12,389 |
| All other expenses | $896 |
| Total functional expenses | $738,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,406 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $114,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,101 |
| Total assets | $213,244 |
| 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 | $156,501 |
| Other liabilities | $33,115 |
| Total liabilities | $189,616 |
| Net assets without donor restrictions | -$74,672 |
| Net assets with donor restrictions | $98,300 |
| 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 | $213,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooling Technology Institute Houston, TX | $2,241,256 | $1,002,650 |
Split Second Foundation Inc New Orleans, LA | $213,244 | $766,031 |
Consortium For Advanced Manufacturing International Inc Austin, TX | $29,198 | $300,058 |
Mississippi Sids And Infant Safety Alliance Madison, MS | $0 | $6,086 |
Protein Board Corporation Flower Mound, TX | $2,260 | $0 |
Love Zach Foundation Inc Houston, TX | $25,057 | $31,969 |