Foundation 3
- Assets
- $10.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- Data as of
- 12/2023
- EIN
- 87-0992119
Organization Overview
Foundation 3 is located in Providence, RI. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation 3 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 12/2023, Foundation 3 generated $20.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (62.2%) each year. All expenses for the organization totaled $35.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ATHLETIC PROGRAMS/CAMPS AND CHARITABLE ACTIVITIES TO ENRICH THE YOUTH OF OUR COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Jones Executive Di | 2 | $0 | |
David Duke Sr President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,298 |
| Total Program Service Revenue | $2,012 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,422 |
| 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 | $4,351 |
| Occupancy, rent, utilities, and maintenance | $5,505 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,902 |
| Total expenses | $35,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,459 |
| Other assets | $0 |
| Total assets | $10,509 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,509 |