Bobby & Steves Auto World Youth Foundation
- Assets
- $18.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 07/2009
- Data as of
- 12/2023
- EIN
- 20-8344838
Organization Overview
Bobby & Steves Auto World Youth Foundation is located in Edina, MN. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Bobby & Steves Auto World Youth 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 12/2023, Bobby & Steves Auto World Youth Foundation generated $41.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $69.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. 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 RAISE FUNDS THROUGH CHARITABLE EVENTS AND DONATE TO LOCAL YOUTH CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Greene President | 1 | $0 | |
Bobby Williams Vice Preside | 1 | $0 | |
Melissa Williams Peterson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,705 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $94 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$17,534 |
| Other Revenue | $0 |
| Total Revenue | $41,220 |
| 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 | $6,275 |
| Occupancy, rent, utilities, and maintenance | $6,636 |
| Printing, publications, postage, and shipping | $1,359 |
| Other expenses | $12,168 |
| Total expenses | $69,239 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,151 |
| Other assets | $0 |
| Total assets | $18,151 |
| Total liabilities | $5,442 |
| Net assets or fund balances | $12,709 |