Felix Ventures Foundation
- Assets
- $44.1k
- Revenue
- $205.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Encino, CA
- Founding
- 03/2002
- Data as of
- 04/2022
- EIN
- 95-4862629
Organization Overview
Felix Ventures Foundation is located in Encino, CA. The organization was established in 2002. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Felix Ventures 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 04/2022, Felix Ventures Foundation generated $205.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $167.2k during the year ending 04/2022. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED LEADERSHIP TRAINING, CULTURAL EXPERIENCES, WILDERNESS ADVENTURES AND ACADEMIC AND PERSONAL MOTIVATION, INCLUDING INTRODUCTION AND TOURS OF VARIOUS COLLEGES, FOR DISADVANTAGED STUDENTS AT WORKMAN HIGH SCHOOL. THE PURPOSE IS TO REINFORCE ACADEMIC ACHIEVEMENT, PERSONAL GROWTH AND DEVELOPMENT, LEADERSHIP AND THE VALUE OF FAIR PLAY, GROUP PARTICIPATION, GOOD SPORTSMANSHIP, RESPECT FOR OTHERS AND WILDERNESS APPRECIATION AND PRESERVATION.
THE FOUNDATION PROVIDED AN IN-SCHOOL MENTORING PROGRAM FOR STUDENTS AT WORKMAN HIGH SCHOOL. THE PURPOSE OF THIS PROGRAM IS TO PROMOTE ACADEMIC ACHIEVEMENT AND TO MOTIVATE STUDENTS TO EXCEL IN ALL WALKS OF LIFE.
THE FOUNDATION PROVIDED SUPPORT FOR WORKMAN HIGHSCHOOL, HACIENDA HIGH SCHOOL DISTRICT, THE BOY SCOUTS OF AMERICA AND VARIOUS OTHER GROUPSTHE PURPOSE IS THE PROMOTION OF THE WELFARE AND DEVELOPMENT OF YOUNG MEN AND WOMEN AND TO PROMOTE EDUCATION.
THE FOUNDATION PROVIDED SCHOLARSHIPS AND AWARDS IN RECOGNITION OF PAST ACADEMIC ACHIEVEMENT, LEADERSHIP INVOLVEMENT AND COMMUNITY SERVICE FOR OVER 30 DISADVANTAGED STUDENTS AT WORKMAN HIGHSCHOOL.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $205,000 |
| Interest on Savings | $603 |
| 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 | $205,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $49,854 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,386 |
| Total operating and administrative expenses | $167,211 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $167,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,852 |
| Savings and temporary cash investments | $36,277 |
| 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 | $1 |
| Total assets | $44,130 |
| Accounts payable and accrued expenses | $4,058 |
| 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 | $4,058 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Felix Ventures Foundation has recieved totaling $132,000.
| Awarding Organization | Amount |
|---|---|
Grossman Fam Charitable Foundation Irrv Tr 051997 Encino, CA PURPOSE: UNRESTRICTED | $132,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
T H I N K Together Santa Ana, CA | $21,163,923 | $75,709,835 |
Oregon Charter Academy Mill City, OR | $32,899,516 | $48,211,726 |
Associated Students Inc San Luis Obispo, CA | $11,685,936 | $19,727,613 |
Associated Students Inc California State University Fullerton Fullerton, CA | $22,440,353 | $22,369,454 |
Associated Students Of San Diego State University San Diego, CA | $30,778,404 | $21,344,021 |
California State University Fresno Association Inc Fresno, CA | $113,779,668 | $15,944,994 |
Forty-Niner Shops Inc Long Beach, CA | $22,900,172 | $18,721,159 |
University Student Union Of California State University Northr Northridge, CA | $10,981,881 | $16,476,738 |
Associated Students Calif State University Long Beach Long Beach, CA | $29,242,032 | $17,619,316 |
Associated Students Inc Calif State Poly University Pomona Pomona, CA | $43,036,726 | $21,400,695 |
Student Union Of San Jose State University San Jose, CA | $15,630,953 | $10,786,949 |
Associated Students Of California State University Sacramento Sacramento, CA | $14,200,718 | $8,069,770 |