Firework Foundation
- Assets
- $180.3k
- Revenue
- $423.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Encino, CA
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 45-3785398
Organization Overview
Firework Foundation is located in Encino, CA. The organization was established in 2014. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. As of 12/2022, Firework Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firework 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 12/2022, Firework Foundation generated $423.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $451.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Firework Foundation has awarded 27 individual grants totaling $713,724. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER CHILDREN FROM UNDERSERVED COMMUNITIES BY IGNITING THEIR INNER LIGHT THROUGH ART
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, SUPPORT AND ENCOURAGE THE EDUCATION OF CHILDRENCAMP FIREWORK IS A SLEEP AWAY EXPERIENCE IN NATURE WHERE KIDS CAN HAVE A SAFE SPACE TO DISCOVER THEIR SPARK THROUGH ARTISTIC PROGRAMMING AND BRING THAT SPARKLE HOME TO THEIR COMMUNITIES.
THE FIREWORK FOUNDATION, IN PARTNERSHIP WITH THE YOUNG PRODUCERS GROUP, LAUNCHED A VIRTUAL MUSIC AFTER-SCHOOL PROGRAM TO HELP KIDS CONNECT WITH THE ARTS DURING COVID. IN THIS SECOND YEAR THE PROGRAM INCLUDED 25 CHILDREN. THE ORGANIZATION HOPES TO GROW THIS PROGRAM IN FUTURE YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katheryn Hudson President | OfficerTrustee | 1 | $0 |
Ngoc Hoang-Delvecchio Secretary | OfficerTrustee | 1 | $0 |
Bernie Gudvi Treasurer | OfficerTrustee | 1 | $0 |
Steve Jensen Board Member | Trustee | 1 | $0 |
Thomas Rollerson Board Member | Trustee | 1 | $0 |
Judee Ann Williams Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $181,411 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,068 |
| Noncash contributions included in lines 1a–1f | $34,253 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $492,479 |
| Total Program Service Revenue | $0 |
| Investment income | $2,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$70,885 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $423,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,026 |
| Compensation of current officers, directors, key employees. | $18,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,677 |
| Payroll taxes | $26,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,900 |
| Advertising and promotion | $14,718 |
| Office expenses | $10,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,647 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,867 |
| All other expenses | $0 |
| Total functional expenses | $451,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,310 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $180,310 |
| Total liabilities and net assets/fund balances | $180,310 |
Grants Awarded
Over the last fiscal year, Firework Foundation has awarded $73,510 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF BURBANK GREATER EAST VALLEY PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
WASHINGTON STATE UNIVERSITY PURPOSE: TO EMPOWER CHILDREN IN UNDERSERVED COMMUNITIES BY IGNITING THEIR INNER LIGHT THROUGH THE ARTS | $2,755 |
BOYS & GIRLS CLUB OF METRO LOS ANGELES PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
BOYS & GIRLS CLUB OF HOLLYWOOD PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
BABY 2 BABY PURPOSE: TO PROVIDE CHILDREN 0-12 YEARS OLD WITH DIAPERS, CLOTHING AND ALL OF THE BASIC NECESSITIES THAT EVERY CHILD DESERVES. | $4,000 |
BABY 2 BABY PURPOSE: TO PROVIDE CHILDREN 0-12 YEARS OLD WITH DIAPERS, CLOTHING AND BASIC NECESSITIES. | $4,000 |