Bbyo Fund For The Future Inc

Organization Overview

Bbyo Fund For The Future Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bbyo Fund For The 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.

For the year ending 06/2021, Bbyo Fund For The Future Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $22.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE PART III, LINE 1.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSES OF THE FUND ARE TO ACCEPT ENDOWMENTS, REVENUE FROM MATURED PLANNED GIFTS, AND DESIGNATED DONORS; PROVIDE CONSISTENTLY INCREASING (ANNUAL) DISTRIBUTIONS TO BBYO TO CARRY OUT ITS MISSION; TO OVERSEE THE INVESTMENT OF THE FUND'S ASSETS TO OPTIMIZE THE LONG-TERM SUPPORT IT PROVIDES TO BBYO; AND, UPON REQUEST FROM BBYO, TO ISSUE PRUDENT LOANS AND/OR TO MAKE DISTRIBUTIONS TO BBYO FROM THE FUND'S UNRESTRICTED ASSETS.


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Board, Officers & Key Employees

Name (title)Compensation
Estee Portnoy
Chair
$0
Susan Goldsmith
Board Member
$0
Howard Wohl
Board Member
$0
Phyllis Tabachnik
Board Member
$0
Ted Perlman
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,251,223
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,251,223
Total Program Service Revenue$0
Investment income $9,028
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $210,206
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,470,457

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Bbyo Fund For The Future Inc has recieved totaling $1,261,567.

Awarding OrganizationAmount
Bnai Brith Youth Organization Inc

Washington, DC

PURPOSE: TRANSFER OF ENDOWMENT FUNDS

$1,251,223
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$10,344
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,998,617
Earnings$983,181
Net Contributions$1,359,956
Other Expense$10,492
Grants$12,799
Ending Balance$5,318,463

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