Five Below Foundation
- Assets
- $3.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/2019
- Data as of
- 01/2024
- EIN
- 82-5406623
Organization Overview
Five Below Foundation is located in Philadelphia, PA. The organization was established in 2019. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Five Below 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 01/2024, Five Below Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $537.1k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Five Below Foundation has awarded 56 individual grants totaling $1,376,750. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmelo Jalosjos Vice President & Treasurer | 0.2 | $0 | |
Ron Masciantonio President | 0.8 | $0 | |
Sarah Ks Auerbach Vice President & Treasurer | 0.02 | $0 | |
Joel D Anderson Director | 0.02 | $0 | |
Michael F Romanko Director | 0.02 | $0 | |
Maureen Gellerman Director | 0.02 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,126,192 |
| Interest on Savings | $133,740 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,259,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,315 |
| Contributions, gifts, grants paid | $506,750 |
| Total expenses and disbursements | $537,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,238,302 |
| 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 | $22,340 |
| Total assets | $3,260,642 |
| Accounts payable and accrued expenses | $13,000 |
| 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 | $13,000 |
Grants Awarded
Over the last fiscal year, Five Below Foundation has awarded $506,750 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BABE RUTH LEAGUE INC PURPOSE: GENERAL SUPPORT | $25,000 |
BOYS AND GIRLS CLUB OF AMERICA PURPOSE: GENERAL SUPPORT | $25,000 |
BREATHING ROOM FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
CHAMBER OF COMMERCE OF SOUTHERN NEW JERSEY - SUMMER INSTITUTE PURPOSE: GENERAL SUPPORT | $6,000 |
CENTER CITY DISTRICT FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
COVENANT HOUSE PENNSYLVANIA UNDER 21 PURPOSE: GENERAL SUPPORT | $25,000 |