Family Bonds Foundation
- Assets
- $250.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3410246
Organization Overview
Family Bonds Foundation is located in Plymouth, MN. The organization was established in 2015. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Bonds 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, Family Bonds Foundation generated $146.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $38.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THERE ARE A LOT OF PEOPLE WITHIN THE TRAVEL INDUSTRY FAMILY, MORE THAN 200,000 INDIVIDUAL TRAVEL ADVISORS, SUPPLIERS AND INDIVIDUALS WITHIN THEIR COMMUNITIES AND SOME STRUGGLE WITH UNFORESEEN CIRCUMSTANCES THAT AFFECT THEM FINANCIALLY. THEY ARE SINGLE PARENTS WORKING HARD TO RAISE A CHILD; THEY ARE SPENDING MORE THAN THEY CAN AFFORD TO ASSIST THEIR ELDERLY PARENTS; THEY ARE SUFFERING FROM A PERSONAL SETBACK THAT HAS AFFECTED THEM FINANCIALLY. THE FAMILY BONDS FOUNDATION WAS STARTED TO HELP OUR MEMBERS WHEN HARDSHIPS ARISE. EACH YEAR, A SMALL GROUP OF PARENTS AND CHILDREN WILL BE CHOSEN FROM TRAVEL ADVISORS, SUPPLIERS AND THEIR LOCAL COMMUNITIES TO BE AWARDED GRANTS. THESE CONFIDENTIAL GRANTS WILL HELP RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Carpenter Director | 0.5 | $0 | |
Mimi Comfort Director | 0.5 | $0 | |
Sandra Stroud Clark Director | 0.5 | $0 | |
Alan Rosen Director | 0.5 | $0 | |
Nicole Galowin Kramer Secretary/treasurer | 0.5 | $0 | |
Christine Potthoff Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,518 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,518 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,156 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,306 |
| Total expenses | $37,962 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $250,827 |
| Other assets | $0 |
| Total assets | $250,827 |
| Total liabilities | $0 |
| Net assets or fund balances | $250,827 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Bonds Foundation has recieved totaling $306.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $306 |
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|---|---|---|
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