Bbx Capital Foundation Inc
- Assets
- $5.9m
- Revenue
- $240.2k
- Investments
- $5.9m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 65-0499150
Organization Overview
Bbx Capital Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bbx Capital Foundation 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 12/2022, Bbx Capital Foundation Inc generated $240.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $320.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bbx Capital Foundation Inc has awarded 109 individual grants totaling $1,559,330. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTS MONEY TO SECTION 501(C)(3) ORGANIZATIONS WITHIN THE STATE OF FLORIDA WHERE BBX CAPITAL HAS OFFICES. (SEE STATEMENT BELOW FOR RESTRICTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Levan President & Trustee | 1 | $0 | |
Jarett Levan Treasurer & Trustee | 1 | $0 | |
Lois Marino Executive Director/officer | 10 | $0 | |
Seth Wise Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $170,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,707 |
| Capital Gain Net Income | $69,707 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $240,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,468 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,675 |
| Total operating and administrative expenses | $58,143 |
| Contributions, gifts, grants paid | $262,000 |
| Total expenses and disbursements | $320,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,759 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,902,618 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Bbx Capital Foundation Inc has awarded $262,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BROWARD COLLEGE FOUNDATION PURPOSE: COST OF ATTENDANCE ENDOWMENT | $50,000 |
JOE DIMAGGIO CHILDREN'S HOSPITAL PURPOSE: LOLLIPOP THEATRE | $25,000 |
JUNIOR ACHIEVEMENT OF SOUTH FLORIDA PURPOSE: JA FELLOWS PROGRAM | $35,000 |
FEEDING SOUTH FLORIDA PURPOSE: VOLUNTEER PROGRAM | $25,000 |
UNITED WAY OF BROWARD COUNTY PURPOSE: HOUSING UNITED | $25,000 |
NEIGHBORS 4 NEIGHBORS PURPOSE: ADOPT A FAMILY PROGRAM AND BACK TO SCHOOL EXTRAVAGANZA VOLUNTEER DAY | $15,000 |