Butterfly Effect Project Inc
- Assets
- $32.7k
- Revenue
- $401.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Riverhead, NY
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-1993500
Organization Overview
Butterfly Effect Project Inc is located in Riverhead, NY. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Butterfly Effect Project Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Butterfly Effect Project 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 12/2023, Butterfly Effect Project Inc generated $401.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $388.2k during the year ending 12/2023. While expenses have increased by 16.9% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER YOUNG GIRLS BY GIVING THEM THE TOOLS TO ASSIST IN ACHIEVING EMOTIONALLY STABLE AND SELF CONFIDENT FUTURES, IN HOPES OF BRINGING FORTH A GENERATION OF WOMEN WHO ARE STRONG, INDEPENDENT AND KNOWLEDGEABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS MEETINGS, EVENTS AND ACTIVITIES FOR YOUNG GIRLS IN THE PROGRAM IN SUPPORT OF THE ORGANIZATION'S PRIMARY MISSION.
THE ORGANIZATION PROVIDES SUPPORT TO LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tijuana Fulford Executive Di | Officer | 40 | $81,000 |
Tara Archer Board Chair | OfficerTrustee | 2 | $0 |
Kimberly Dixon Chairman | Trustee | 1 | $0 |
Ronald Fisher Chairman | Trustee | 1 | $0 |
Rosa Palmore Secretary | OfficerTrustee | 2 | $0 |
Shanneikqua Tolliver Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,428 |
| Total Program Service Revenue | $8,244 |
| 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 | $39,188 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $401,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,721 |
| 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. | $81,000 |
| Compensation of current officers, directors, key employees. | $81,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,849 |
| Office expenses | $2,137 |
| Information technology | $665 |
| 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 | $2,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,653 |
| Insurance | $14,925 |
| All other expenses | $26,981 |
| Total functional expenses | $388,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,673 |
| 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 | $32,673 |
| Accounts payable and accrued expenses | $8,080 |
| 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 | $7,037 |
| Unsecured mortgages and notes payable | $84,100 |
| Other liabilities | $5,169 |
| Total liabilities | $104,386 |
| Net assets without donor restrictions | -$71,713 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $32,673 |