Breakout Foundation Inc
- Assets
- $43.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-1983565
Organization Overview
Breakout Foundation Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakout 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 12/2023, Breakout Foundation Inc generated $137.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.8% each year .
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS CURRENTLY REVIEWING APPLICATIONS TO DETERMINE WHO WILL BE RECEIVING A GRANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Than Treasurer | 5 | $0 | |
Michael Farber Secretary | 5 | $0 | |
Aditya Naik Co-President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,796 |
| 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 | $137,796 |
| 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 | $45,277 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,894 |
| Total expenses | $128,221 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,723 |
| Other assets | $0 |
| Total assets | $43,723 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,723 |