Alex Okafor Family Foundation
- Assets
- $25.0k
- Revenue
- $1.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Round Rock, TX
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1470983
Organization Overview
Alex Okafor Family Foundation is located in Round Rock, TX. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alex Okafor Family 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 12/2021, Alex Okafor Family Foundation generated $1.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (70.4%) each year. All expenses for the organization totaled $1.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD AN ANNUAL FOOTBALL CAMP FOR YOUTH AND YOUNG ADULTS TO TEACH FUNDAMENTAL SKILLS, PROVIDE AN OPPORTUNITY TO PRACTICE WITH EXPERIENCED FOOTBALL PLAYERS, AND ENCOURAGE HEALTHY COMPETITION WITH CONTINUOUS IMPROVEMENT.
PROVIDE A PLATFORM FOR YOUTH AND YOUNG ADULTS TO EXCEL IN LIFE BY OFFERING MENTORSHIP OPPORTUNITIES FROM NFL PLAYERS, ENCOURAGE YOUNG ADULTS TO COMPLETE THEIR EDUCATION, AND ENCOURAGE YOUTH FROM ALL BACKGROUNDS TO LEARN AND PLAY TOGETHER.
PROVIDE HUMANITARIAN AID AND ASSISTANCE TO UNDER-PRIVILEGED YOUTH BY CONTRIBUTING TO LOCAL SCHOOL ATHLETIC PROGRAMS AND OFFERING ASSISTANCE INTERNATIONALLY TO ORGANIZATIONS THAT IMPROVE LIVING CONDITIONS AND EDUCATIONAL OPPORTUNITIES FOR YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander O Okafor Chair | 1 | $0 | |
Anderson O Okafor Secretary | 1 | $0 | |
Christopher O Okafor Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| 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 | $1,000 |
| 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 | $1,500 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,036 |
| 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 | $25,036 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $10,000 |
Grants Awarded
Over the last fiscal year, Alex Okafor Family Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PFLUGERVILLE ELEMENTARY SCHOOL PURPOSE: READING PROGRAM | $15,000 |
LEUKEMIA & LYMPHOMA SOCIETY INC PURPOSE: PROGRAM SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alex Okafor Family Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |
Alcon Cares Incorporated Fort Worth, TX | $0 | $1,803,602 |
Texas Cardiac Arrhythmia Research Foundation Austin, TX | $1,061,518 | $1,694,538 |
Ywca Of Greater Austin Austin, TX | $1,614,891 | $2,125,832 |
New Beginning Resources Inc Porter, TX | $737,253 | $1,286,038 |