3 Bs Foundation Inc
- Assets
- $1.5m
- Revenue
- $278.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 11-3752909
Organization Overview
3 Bs Foundation Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. 3 Bs 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, 3 Bs Foundation Inc generated $278.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $115.5k during the year ending 12/2022. While expenses have increased by 9.6% per year over the past 8 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.
Since 2015, 3 Bs Foundation Inc has awarded 62 individual grants totaling $432,115. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Beebe III Director | 1 | $0 | |
Scott M Beebe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $231,003 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,903 |
| Capital Gain Net Income | $18,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40 |
| Total Revenue | $278,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,539 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $426 |
| Total operating and administrative expenses | $18,339 |
| Contributions, gifts, grants paid | $97,170 |
| Total expenses and disbursements | $115,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,473 |
| Savings and temporary cash investments | $364,500 |
| 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 | $1,509,807 |
| 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 Awarded
Over the last fiscal year, 3 Bs Foundation Inc has awarded $97,170 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ADENOID CYSTIC CARCINOMA RESEARCH FOUNDATION PURPOSE: GENERAL OPERATIONS | $32,390 |
FOUNDER'S HALL FOUNDATION INC PURPOSE: FOUNDERS HALL SENIOR CLASS | $5,000 |
FRIENDS OF RIDGEFIELD COMMUNITY PROGRAMS PURPOSE: LIBRARY PROGRAMS | $8,000 |
NEIGHBORHOOD STUDIOS PURPOSE: GENERAL SUPPORT | $5,000 |
RIDGEFIELD LIBRARY PURPOSE: GENERAL SUPPORT | $5,000 |
RIDGEFIELD SYMPHONY ORCHESTRA PURPOSE: GENERAL SUPPORT | $2,390 |