The Loyalty Foundation
- Assets
- $91.4k
- Revenue
- $170.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-3648826
Organization Overview
The Loyalty Foundation is located in New York, NY. 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. Loyalty 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, Loyalty Foundation generated $170.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.0% each year . All expenses for the organization totaled $126.0k 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
DEVICES4ALL PROGRAM - THE LOYALTY FOUNDATION PURCHASES REFURBISHED COMPUTERS TO DISTRIBUTE TO CHILDREN IN COMMUNITIES WHOSE EDUCATION IS IMPACTED BY A LACK OF ACCESS TO COMPUTERS.
GAMING4GOOD - THE PROGRAM TEACHES HIGH SCHOOL STUDENTS TO CREATE GAMES ON THE POPULAR DIGITAL PLATFORM ROBLOX STUDIO, AND IS DESIGNED TO PROVIDE THE TEEN PARTICIPANTS WITH THE TECHNOLOGY TOOLS NECESSARY TO SUCCEED IN TODAYS DIGITAL WORLD.STUDENTS WORK IN COLLABORATIVE TEAMS, LEARNING TO THINK CRITICALLY ABOUT THE REASONS BEHIND THE DEVELOPMENT OF THE GAMES THEY CHOOSE TO DESIGN, WHILE ALSO CRAFTING THE STRATEGIES NECESSARY TO OVERCOME ANY OBSTACLES THEY ENCOUNTER DURING THE DEVELOPMENT PHASE.UPON SUCCESSFUL COMPLETION, INTERESTED STUDENTS ARE AFFORDED AN OPPORTUNITY FOR EMPLOYMENT TEACHING THE COURSE TO STUDENTS IN SUBSEQUENT PROGRAMS, FULFILLING THE LOYALTY FOUNDATION'S COMMITMENT TO ACCESSIBLE TECH EDUCATION.
THE OPEN MINDS MENTORSHIP PROGRAM CONNECTS YOUNG ADULTS WITH DIVERSE ROLE MODELS FROM THE COMMUNITY AND THE WORLD AT LARGE.DISTINGUISHED MENTORS PRESENT THEIR STORIES TO EDUCATE, INSPIRE, AND EMPOWER. IT IS ESSENTIAL THE YOUNG ADULTS IN OUR PROGRAM SEE PROFESSIONALS WHO LOOK LIKE THEM AND REALIZE THEY CAN BE SUCCESSFUL IN WHATEVER CAREERS THEY CHOOSE TO PURSUE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $170,775 |
| 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 | $170,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $285 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,719 |
| Printing and publications | $0 |
| Other expenses | $84,715 |
| Total operating and administrative expenses | $126,036 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $126,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,445 |
| 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 | $91,445 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Loyalty Foundation has recieved totaling $21,500.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $20,000 |
Ao Allenius Family Foundation Inc New York, NY PURPOSE: SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |