Singleton Foundation For Financial Literacy And Entrepreneurship
- Assets
- $4.9m
- Revenue
- $14.9m
- Investments
- $2.9m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-5679434
Organization Overview
Singleton Foundation For Financial Literacy And Entrepreneurship is located in Pasadena, CA. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Singleton Foundation For Financial Literacy And Entrepreneurship 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, Singleton Foundation For Financial Literacy And Entrepreneurship generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 62.9% each year . All expenses for the organization totaled $14.3m during the year ending 12/2023. While expenses have increased by 64.0% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE FINANCIAL LITERACY AND ENTREPRENEURSHIP FOR EVERYONE. THE SINGLETON FOUNDATION WORKS TO RAISE AWARENESS, EFFECT CHANGE AND IMPROVE LIVES THROUGH A VARIETY OF PROGRAMS, INCLUDING DIGITAL OUTREACH, EDUCATIONAL ADVOCACY, SOCIAL IMPACT PARTNERSHIPS, GAMING, AND OUR SINGLETON CEO PRIZE FOR EXCELLENCE IN BUSINESS LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Singleton President | 10 | $0 | |
Carolyn Singleton Vice Preside | 10 | $0 | |
Jean Gadea Secretary/tr | 0 | $0 | |
Will Thorndike Director | 0 | $0 | |
Shelley Miles CEO | 40 | $233,456 | |
Geoffrey Howard Cfo, COO | 40 | $214,260 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
44 Blue Productions Llc | 12/30/23 | $1,292,867 |
Growthstrategy Inc | 12/30/23 | $297,651 |
Discover Education | 12/30/23 | $280,000 |
The Idea Monkeys | 12/30/23 | $189,058 |
The Artemis Agency | 12/30/23 | $189,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,864,009 |
| Interest on Savings | $1,171 |
| 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 | $29,000 |
| Total Revenue | $14,894,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $447,716 |
| Other employee salaries and wages | $1,810,388 |
| Pension plans, employee benefits | $249,298 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $48,518 |
| Travel, conferences, and meetings | $306,201 |
| Printing and publications | $0 |
| Other expenses | $9,535,436 |
| Total operating and administrative expenses | $14,055,362 |
| Contributions, gifts, grants paid | $227,000 |
| Total expenses and disbursements | $14,282,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,977,674 |
| 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 | $20,866 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,932,897 |
| Accounts payable and accrued expenses | $827,514 |
| 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 | $827,514 |
Grants Awarded
Over the last fiscal year, Singleton Foundation For Financial Literacy And Entrepreneurship has awarded $227,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEPPERDINE UNIVERSITY PURPOSE: CHARITABLE | $225,000 |
COLLEGIATE ENTREPRENEURS ORGANIZATI PURPOSE: CHARITABLE | $2,000 |