Louis Hernandez Jrs Foundation For A Bright Future Inc
- Assets
- $140.3k
- Revenue
- $290.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Boynton Beach, FL
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-0787800
Organization Overview
Louis Hernandez Jrs Foundation For A Bright Future Inc is located in Boynton Beach, FL. The organization was established in 2014. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis Hernandez Jrs Foundation For A Bright Future Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE NEEDS OF UNDERREPRESENTED AND UNDERPRIVILEGED CHILDREN THROUGH HEALTH, EDUCATION, YOUTH LEADERSHIP AND THE POWER OF STORYTELLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO CHILDREN AND STUDENTS THROUGH HEALTH, EDUCATION, YOUTH LEADERSHIP, AND STORYTELLING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Hernandez Jr President, Secretary, Treasurer | OfficerTrustee | 1 | $0 |
Emma Lerew Edd Director | Trustee | 1 | $0 |
Sara Hernandez Director | Trustee | 1 | $0 |
Chris Ducanes Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $285,939 |
| Noncash contributions included in lines 1a–1f | $32,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,439 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $30,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,143 |
| Payroll taxes | $6,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $227 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,165 |
| Advertising and promotion | $5,883 |
| Office expenses | $2,965 |
| Information technology | $5,954 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,723 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,433 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $219,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,005 |
| 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 | $43,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,336 |
| Accounts payable and accrued expenses | $19,575 |
| Grants payable | $38,296 |
| 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 | $57,871 |
| 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 | $82,465 |
| Total liabilities and net assets/fund balances | $140,336 |
Grants Awarded
Over the last fiscal year, Louis Hernandez Jrs Foundation For A Bright Future Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JOE DIMAGGIO CHILDRENS HOSPITAL FOUNDATION PURPOSE: YEAR 2 FOUNDATION - 2021 JOE DIMAGGIO CHILDREN'S HOSPITAL | $10,000 |
NICKLAUS CHILDREN'S HOSPITAL FOUNDATION PURPOSE: YEAR 2 DONATION - 2020 NICKLAUS CHILDRENS HOSPITAL | $10,000 |
PALM BEACH CHILDREN'S HOSPITAL PURPOSE: WEST PALM BEACH CHILDRENS HOSPITAL | $10,000 |