7 Benefitltd
- Assets
- $59.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-4146355
Organization Overview
7 Benefitltd is located in Reston, VA. The organization was established in 2015. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 7 Benefitltd 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, 7 Benefitltd generated $56.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $34.1k during the year ending 12/2023. While expenses have increased by 31.2% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EACH YEAR, 7 BENEFIT LTD CHOOSE A BENEFICIARY VETERAN'S CHARITY TO RECEIVE DONATIONS FOR THAT YEAR. WE HAVE DONE THIS FOR 12 YEARS. WE HIGHLIGHT THEIR MISSION, AND IMPACT ON IMPROVING QUALITY OF LIFE, MEDICAL SUPPORT, OR DIGNITY FOR VETERANS AT AN ANNUAL BLACK TIE GALA. AT THIS GALA, WOUNDED MILITARY HEROES RECEIVE SPECIAL RECOGNITION OF THEIR INDIVIDUAL ACTS OF VALOR, COURAGE, AND DUTY. U.S. SERVICE MEMBERS FROM WWII, VIETNAM AND PRESENT MILITARY CAMPAIGNS OR CONFLICTS ARE HONORED. 7 BENEFIT LTD PARTNERS WITH THE U.S. DEPARTMENT OF DEFENSE'S VIETNAM WAR COMMEMORATION TO RECOGNIZE VIETNAM VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thu Stubbs President | 1 | $0 | |
Tina Dante Vice President | 1 | $0 | |
Liron Sharon Treasurer | 1 | $0 | |
Jay Krail Military Liaison | 1 | $0 | |
Joseph Rothenberg Community Outreach | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,971 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$86,260 |
| Other Revenue | $993 |
| Total Revenue | $56,704 |
| 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 | $2,889 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $24 |
| Other expenses | $5,695 |
| Total expenses | $34,108 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,514 |
| Other assets | $0 |
| Total assets | $59,514 |
| Total liabilities | $9,559 |
| Net assets or fund balances | $49,955 |
Grants Awarded
Over the last fiscal year, 7 Benefitltd has awarded $42,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATION RENEWED HOPE FOUNDATION PURPOSE: PROGRAM USE | $6,820 |
INJURED MARINE SEMPER FI FUND PURPOSE: PROGRAM USE | $35,330 |