First Friday Breakfast Club Inc
- Assets
- $157.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 42-1450197
Organization Overview
First Friday Breakfast Club Inc is located in Des Moines, IA. The organization was established in 1996. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Friday Breakfast Club 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 12/2021, First Friday Breakfast Club Inc generated $71.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $55.9k during the year ending 12/2021. While expenses have increased by 0.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3
MEMBERSHIP MEETINGS HOSTED MONTHLY BREAKFAST MEETINGS ATTENDED BY AN AVERAGE OF 60 MEMBERS AND THEIR GUESTS. THE MEETINGS FEATURED EDUCATIONAL SPEAKERS OF INTEREST TO THE GAY MALE COMMUNITY, AND PROVIDED OPPORTUNITIES FOR THE ATTENDEES TO EDUCATE THE SPEAKERS ON ISSUES OF CONCERN TO THIS COMMUNITY.
NEWSLETTER PRODUCED AND DISTRIBUTED A MONTHLY NEWSLETTER TO MEMBERS AND OTHER SUBSCRIBERS. THE NEWSLETTER PROVIDED EDUCATIONAL ARTICLES, NEWS ABOUT THE ORGANIZATION, AND OPINION PIECES AUTHORED BY MEMBERS. THE NEWSLETTER WAS ALSO MADE AVAILABLE TO THE GENERAL PUBLIC ON THE ORGANIZATIONS WEBSITE.
SCHOLARSHIPS GRANTS AWARDED 24,000 IN COLLEGE SCHOLARSHIPS TO QUALIFYING IOWA HIGH SCHOOL GRADUATES. THE SCHOLARSHIPS ARE FUNDED BY CONTRIBUTIONS FROM MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cotton Member | 1 | $0 | |
Phil Williams Member | 1 | $0 | |
Jonathan Wilson Member | 1 | $0 | |
Joe Raetz Secretary | 3 | $0 | |
Ryan Crane Vice President | 3 | $0 | |
David Wilfahrt Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,620 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,960 |
| Investment income | $14,172 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,752 |
| 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 | $4,733 |
| Occupancy, rent, utilities, and maintenance | $725 |
| Printing, publications, postage, and shipping | $4,006 |
| Other expenses | $5,706 |
| Total expenses | $55,920 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $157,739 |
| Other assets | $0 |
| Total assets | $157,739 |
| Total liabilities | $11,138 |
| Net assets or fund balances | $146,601 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Friday Breakfast Club Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR CHURCHES - LENT 2020 | $6,000 |
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