Foundation For Wealth Building Inc is located in Ormond Beach, FL. The organization was established in 2019. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Wealth Building Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE FINANCIAL LITERACY OF FAMILIES AND INDIVIDUALS TO BUILD WEALTH THROUGH INSPIRATION, EDUCATION, HOME OWNERSHIP, WORKFORCE/ECONOMIC DEVELOPMENT, AND ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVERED WEEKLY PODCAST AND PROVIDED FINANCIAL LITERACY TRAINING
DELIVERED WEEKLY PODCAST AND PROVIDED FINANCIAL LITERACY TRAINING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Angela Poole CPA President | OfficerTrustee | $0 | |
William Alexander Secretary | Trustee | $0 | |
Theotis Stallworth Treasurer | Trustee | $0 | |
Corey D Poole Vice Preside | Trustee | $0 |
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 | $44,628 |
Noncash contributions included in lines 1a–1f | $41,230 |
Total Revenue from Contributions, Gifts, Grants & Similar | $44,628 |
Total Program Service Revenue | $0 |
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 | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $44,628 |
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. | $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 | $39,005 |
Advertising and promotion | $561 |
Office expenses | $920 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,650 |
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 | $0 |
Total functional expenses | $42,136 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,559 |
Savings and temporary cash investments | $0 |
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 | $483,000 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $485,559 |
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 | $4,272 |
Total liabilities | $4,272 |
Net assets without donor restrictions | $481,287 |
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 | $0 |
Total liabilities and net assets/fund balances | $485,559 |
Organization Name | Assets | Revenue |
---|---|---|
Foundation For Economic Education Inc Atlanta, GA | $13,111,057 | $7,371,269 |
Ludwig Von Mises Institute For Austrian Economics Inc Auburn, AL | $45,587,383 | $8,440,639 |
Georgia Council On Economic Education atlanta, GA | $6,404,945 | $1,048,495 |
Florida Council On Economic Education Inc Tampa, FL | $802,439 | $754,663 |
Atlantic Economic Society Atlanta, GA | $82,236 | $186,565 |
Alabama Council On Economic Education Inc Birmingham, AL | $154,124 | $0 |
Economic Club Of Tampa Inc Tampa, FL | $44,771 | $0 |
Ifera Inc Oviedo, FL | $114,192 | $0 |
Foundation For Wealth Building Inc Ormond Beach, FL | $485,559 | $44,628 |
Southern Agricultural Economics Association Griffin, GA | $327,503 | $0 |
Socionomics Foundation Inc Gainesville, GA | $30,103 | $5,385 |