Fubu Foundation Inc
- Assets
- $11.0k
- Revenue
- $40.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1999
- Data as of
- 07/2022
- EIN
- 13-4026304
Organization Overview
Fubu Foundation Inc is located in New York, NY. The organization was established in 1999. 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. Fubu 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FREE UNDERPRIVILEGED YOUTH FROM THE OPPRESSION OF POVERTY, RACISM AND DISCRIMINATION BY PROMOTING AND SUPPORTING THE ARTS, CULTURE, SCIENCE AND EDUCATION, AND TO DO ANY ACTS OR THINGS INCIDENTAL OR CONNECTED WITH OR IN ADVANCEMENT THEREOF.
TO FREE UNDERPRIVILEGED YOUTH FROM THE OPPRESSION OF POVERTY, RACISM AND DISCRIMINATION BY PROMOTING AND SUPPORTING THE ARTS, CULTURE, SCIENCE AND EDUCATION, AND TO DO ANY ACTS OR THINGS INCIDENTAL OR CONNECTED WITH OR IN ADVANCEMENT THEREOF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Weisfeld Secretary | 0 | $0 | |
Norman Weisfeld Treasurer | 0 | $0 | |
Daymond John President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| 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 | $40,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $111 |
| Total operating and administrative expenses | $111 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $32,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,986 |
| 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 | $10,986 |
| 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, Fubu Foundation Inc has awarded $32,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: TO SUPPORT NON PROFIT ACTIVITIES | $20,000 |
WHOSOEVER WILL MINISTRIES PURPOSE: TO SUPPORT NON PROFIT ACTIVITIES | $5,000 |
Austin, TX PURPOSE: TO SUPPORT NON PROFIT ACTIVITIES | $3,000 |
FRIENDS OF SABAN COMMUNITY CLINIC PURPOSE: TO SUPPORT NON PROFIT ACTIVITIES | $2,500 |
BLACK OWNED AND OPERATED LAND TRUST PURPOSE: TO SUPPORT NON PROFIT ACTIVITIES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Foundation For Excellence In Higher Education Inc Princeton, NJ | $10,905,740 | $10,645,198 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |