Bitter End Foundation Inc
- Assets
- $96.9k
- Revenue
- $7.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Darien, CT
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-1855441
Organization Overview
Bitter End Foundation Inc is located in Darien, CT. The organization was established in 2019. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bitter End 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 12/2022, Bitter End Foundation Inc generated $7.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $54.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN, ENCOURAGE, AND SUPPORT CHARITABLE ACTIVITIES THAT PROMOTE THE HEALTH AND WELL-BEING OF SEASIDE AND COASTAL COMMUNITIES IN THE VIRGIN ISLANDS AND OTHER CARIBBEAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED A GRANT TO UNITE BVI FOUNDATION (A BRITISH VIRGIN ISLANDS NON PROFIT ORGANIZATION) TO SUPPORT THE WORK TO COMBAT THE STONY CORAL TISSUE LOSS DISEASE IN THE BRITISH VIRGIN ISLANDS.
THE FOUNDATION PLEDGED A DONATION IN THE AMOUNT OF $40,000 TO VISAR (VIRGIN ISLAND SEARCH AND RESCUSE) TO BE APPLIED TO RESCUE VESSELS. VISAR'S RESCUE VESSELS ARE FULLY OUTFITTED WITH THE LATEST MEDICAL, VESSEL SAFETY, SEARCH AND RESCUE EQUIPMENT, AND COMMUNICATION DEVICES.
THE BITTER END FOUNDATION PROVIDED THE FUNDING FOR EACH GRADUATING STUDENTS E-BOOK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hokin President | Trustee | 4 | $0 |
Lauren Hokin Secretary & Treasurer | Trustee | 8 | $0 |
Kerri Jaffe Director | Trustee | 6 | $0 |
Charles Raymond Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,750 |
| Total Program Service Revenue | $0 |
| Investment income | $594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,302 |
| 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 | $54,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $192 |
| Total functional expenses | $54,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,892 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,892 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $96,892 |
| Total liabilities and net assets/fund balances | $96,892 |
Grants Awarded
Over the last fiscal year, Bitter End Foundation Inc has awarded $52,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PISCES PURPOSE: ASSISTED IN PURCHASING FORTINET PROGRAM, A SOLUTION THAT PROTECTS THE ENTITY'S INTERNET SERVERS. P.E.S.C.E.S PROVIDES PREVENTION SERVICES, EDUCATION AND ENTREPRENERURIAL TRAINING TO COMMUNITIES IN PUERTO RICO'S SOUTHEASTERN REGION, FOSTERING SOCIOECONOMIC DEVELOPMENT FOR THE RESIDENTS IN THE AREA. | $10,000 |
FALCONWOOD FOUNDATION PURPOSE: JOINED WITH THE GUANA FUNDA AND THE MCLAIN ASSOCIATION FOR CHILDREN FOUNDATION TO SUPPORT THE BVI MEALS PROGRAM, WHICH PROVIDED FREE MEALS FIVE DAYS A WEEK TO THE BVI COMMUNITY ON TORTOLA AND VIRGIN JOINED WITH THE GUANA FUNDA AND THE MCLAIN ASSOCIATION FOR CHILDREN FOUNDATION TO SUPPORT THE BVI MEALS PROGRAM, WHICH PROVIDED FREE MEALS FIVE DAYS A WEEK TO THE BVI COMMUNITY ON TORTOLA AND VIRGIN GORDA. THE PROGRAM PROVIDED 25,000 MEALS TO FAMILIES IN NEED. | $10,000 |
FALCONWOOD FOUNDATION PURPOSE: THE BITTER END FOUNDATION THROUGH THE FALCONWOOD FOUNDATION, INC. A 501(C)(3), PARTNERED WITH THE BVI FUNDERS GROUP AND THE MINISTRY OF EDUCATION IN TORTOLA BRITISH VIRGIN ISLANDS TO PROVIDE CHROMEBOOKS TO THE LOCAL SCHOOL CHILDREN IN THE BVI FOR REMOTE LEARNING INITIATIVES DURING COVID-19. THIS GRANT WAS $32,000. | $32,000 |