Firework Foundation
- Assets
- $207.7k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Encino, CA
- Founding
- 05/2014
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Firework Foundation generated $50.0k 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 (28.0%) each year. All expenses for the organization totaled $338.0k during the year ending 12/2021. 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
2021
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.IN 2021, THE ORGANIZATION WAS LIMITED TO HOLDING ONLY ONE CAMP FIREWORK PROGRAM DUE TO THE PANDEMIC, HOWEVER THE ORGANIZATION CONTINUED TO WORK TO IMPROVE THEIR PROGRAM SO THAT IT WILL BE BACK AS SOON AS IS SAFELY PERMITTED.
FIREWORK FOUNDATION GAVE A GRANT TO "RACE TO KINDNESS", A CAMPAIGN THAT DONATES TOYS TO PEDIATRIC HOSPITALS, FOOD TO INSECURE COMMUNITIES AND BOOKS TO "LITERACY DESERTS".
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 |
|---|---|---|---|
Angela Lerche Executive Director | Officer | 40 | $90,000 |
Ngoc Hoang-Delvecchio Secretary | OfficerTrustee | 1 | $0 |
Katheryn Hudson President | OfficerTrustee | 1 | $0 |
Bernie Gudvi Treasurer | OfficerTrustee | 1 | $0 |
Steve Jensen 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 | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,804 |
| Total Program Service Revenue | $0 |
| Investment income | $155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,819 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,736 |
| 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 | $50 |
| Advertising and promotion | $0 |
| Office expenses | $9,876 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $10,389 |
| All other expenses | $9,161 |
| Total functional expenses | $338,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,703 |
| 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 | $207,703 |
| 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 | $207,703 |
| Total liabilities and net assets/fund balances | $207,703 |
Grants Awarded
Over the last fiscal year, Firework Foundation has awarded $73,510 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
Hollywood, CA PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
Burbank, CA PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
Los Angeles, CA PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
Hollywood, CA PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
Burbank, CA PURPOSE: TO HELP FACILITATE NEIGHBORHOOD KIDS TO HAVE A PLACE TO HANG OUT AND PLAY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Firework Foundation has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $35,000 |
Manitou Fund White Bear Lake, MN PURPOSE: YOUNG PRODUCERS GROUP | $25,000 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ticket To Dream Foundation Roseville, CA | $5,455,675 | $13,999,087 |
Leadersup Los Angeles, CA | $3,966,965 | $4,495,789 |
B Nai Brith Mens Camp Association Portland, OR | $16,948,844 | $7,971,848 |
Executive Council Charities Phoenix, AZ | $630,003 | $2,300,902 |
John Burton Advocates For Youth San Francisco, CA | $11,335,002 | $5,016,431 |
K2 Adventures Foundation Scottsdale, AZ | $505,481 | $957,191 |
Sharks Foundation San Jose, CA | $508,240 | $911,167 |
Hrj Charities Inc Palo Alto, CA | $1,404,650 | $1,642,568 |
Genesis Motor America Foundation Fountain Valley, CA | $4,479,262 | $1,632,925 |
City Of Dreams San Francisco, CA | $521,144 | $800,906 |
Seven Point Inc Yucaipa, CA | $541,891 | $831,024 |
Elmer E Rasmuson Endowment For The Boy Scouts Of America In Alaska Las Vegas, NV | $8,315,591 | $606,636 |