50 50 Startups Inc
- Assets
- $49.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1681297
Organization Overview
50 50 Startups Inc is located in Brookline, MA. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 50 50 Startups 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, 50 50 Startups Inc generated $87.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $73.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
1 -MARKETING COSTS TO RECRUIT PROGRAM PARTICIPANTS.2 -PAY PROGRAM DIRECTORS.3 -PAY RECRUITMENT EXPERTS.
1 -MARKETING COSTS TO RECRUIT PROGRAM PARTICIPANTS.2 -PAY PROGRAM DIRECTORS.3 -PAY RECRUITMENT EXPERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eran Heyman Treas Secy | 15 | $0 | |
Carl Valenstein Asst Secy | 2 | $0 | |
Amir Grinstein Exec Director | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,724 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,724 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $48,504 |
| Total expenses | $73,504 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,482 |
| Other assets | $0 |
| Total assets | $49,482 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,482 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 50 50 Startups Inc has recieved totaling $10,463.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Connecticut Economic Resource New Haven, CT | $3,997,158 | $4,805,353 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |