Focus Foundation Inc
- Assets
- $0.0
- Revenue
- $12.4k
- Investments
- $510.0
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 20-8541819
Organization Overview
Focus Foundation Inc is located in Pompano Beach, FL. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Focus 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, Focus Foundation Inc generated $12.4k 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 (15.0%) each year. All expenses for the organization totaled $358.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Focus Foundation Inc has awarded 29 individual grants totaling $100,747. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Bullington President | 0 | $0 | |
Kevin Tromer Vice President | 2 | $0 | |
Allison Tromer Treasury | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $6,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,193 |
| Capital Gain Net Income | $12,386 |
| Net ST Capital Gain | $324 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,831 |
| Total operating and administrative expenses | $4,511 |
| Contributions, gifts, grants paid | $354,142 |
| Total expenses and disbursements | $358,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,989 |
| Savings and temporary cash investments | $33,596 |
| 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 | $1,130 |
| Prepaid expenses and deferred charges | $398 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $250 |
| 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 | $250 |
Grants Awarded
Over the last fiscal year, Focus Foundation Inc has awarded $22,338 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COOPERATIVE FEEDING PROGRAM PURPOSE: PROVIDE BASIC NEEDS TO HOMELESS | $7,952 |
BROWARD OUTREACH CENTER PURPOSE: LIFE CHANGING PROGRAMS AND HOPE | $5,900 |
UNITED WAY OF BROWARD PURPOSE: PROVIDES FOOD TO PEOPLE IN NEED | $2,500 |
JUNIOR ACHIEVEMENT S FL PURPOSE: M.G. MACNEILL MEMORIAL SCHOLARSHIP | $2,400 |
KIDS IN DISTRESS PURPOSE: PROVIDES SUPPLIES FOR SCHOOL | $3,086 |
AVAILABLE UPON REQUEST PURPOSE: SCHOLARSHIP PROGRAM | $500 |