Foolproof Foundation Inc
- Assets
- $61.1k
- Revenue
- $294.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cocoa, FL
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-2102687
Organization Overview
Foolproof Foundation Inc is located in Cocoa, FL. The organization was established in 2014. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foolproof 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 12/2021, Foolproof Foundation Inc generated $294.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $301.9k during the year ending 12/2021. While expenses have increased by 18.8% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFER WEB-DRIVEN FINANCIAL LITERACY PROGRAMS BASED PRIMARILY ON CRITICAL THINKING SKILLS RATHER THAN ROTE MONEY MANAGEMENT SKILLS. OUR PROGRAMS AND MATERIALS ARE COMPLETELY PRO-CONSUMER. WE ADVOCATE FOR THE INDIVIDUAL, NOT FOR ANY PRODUCT, PROGRAM, SERVICE OR COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wicher Dehoo Director | 2 | $35,600 | |
Michael Sheffer Director | 2 | $34,192 | |
Malcolm Kirschenbaum Chairman | 2 | $0 | |
Mary Cunningham Secretary/tr | 2 | $0 | |
Roberta Baskin Vice Preside | 2 | $0 | |
Daniel Buettner Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matthew Moss | 12/30/20 | $231,259 |
Veritate Llc | 12/30/20 | $134,483 |
Rice Fundraising Consultants | 12/30/20 | $61,600 |
Dr Tyler Thournir | 12/30/20 | $55,640 |
Veritate Llc | 12/30/20 | $83,558 |
Matthew Moss | 12/30/20 | $53,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $294,516 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $294,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,792 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,674 |
| Total operating and administrative expenses | $301,928 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $301,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,081 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,081 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foolproof Foundation Inc has recieved totaling $67,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $30,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PUBLIC SAFETY | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $12,000 |
Rice Family Foundation Hastings, MN PURPOSE: GENERAL SUPPORT | $3,000 |
Kirkpatrick Foundation Inc Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retail Wholesale & Department Store International Union & Industry Birmingham, AL | $67,753,858 | $50,231,512 |
Florida Education Association Tallahassee, FL | $61,306,986 | $37,353,191 |
United Food & Commercial Workers Local 1000 & Kroger Dallas Health Pembroke Pines, FL | $19,077,558 | $29,474,183 |
Southern States Police Benevolent Association Inc Mcdonough, GA | $14,043,615 | $16,142,933 |
International Longshoremens Assn S Fl Ila Container Royalty Fund Miami, FL | $14,989,550 | $15,311,387 |
Seafarers International Union Of North American Dania Beach, FL | $23,905,405 | $12,764,369 |
Alabama Farmers Federation Inc Montgomery, AL | $51,185,897 | $13,567,426 |
Florida Police Benevolent Association Inc Tallahassee, FL | $14,595,593 | $11,620,647 |
United Teachers Of Dade Miami Springs, FL | $14,323,353 | $11,858,827 |
International Brotherhood Of Teamsters Atlanta, GA | $23,489,965 | $15,555,730 |
United Food And Commercial Workers International Union Suwanee, GA | $6,071,667 | $10,158,607 |
American Federation Of Teachers Tamarac, FL | $9,473,418 | $9,327,723 |