B3 Foundation
- Assets
- $366.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-1690405
Organization Overview
B3 Foundation is located in Torrance, CA. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B3 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 12/2023, B3 Foundation generated $25.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (34.8%) each year. All expenses for the organization totaled $59.1k during the year ending 12/2023. 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
TOGETHER WITH OUR COMMUNITY PARTNERS, WE EQUIP AND EMPOWER STUDENT LEADERS IN UNDER-RESOURCED COMMUNITIES THROUGH YOUTH-FOCUSED PROGRAMMING IN THE FORM OF MENTORSHIP, SCHOLARSHIP AND COMMUNITY ENGAGEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachery Banner President | 0 | $0 | |
Grace Dewitt Board Member | 0 | $0 | |
Ryan Stern Chairman | 0 | $0 | |
Laura Okmin Chairman | 0 | $0 | |
Heather Masciotti CFO | 0 | $0 | |
Marty Schafer Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,781 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,783 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,125 |
| Professional fees and other payments to independent contractors | $7,758 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $137 |
| Other expenses | $37,087 |
| Total expenses | $59,107 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $366 |
| Other assets | $0 |
| Total assets | $366 |
| Total liabilities | $0 |
| Net assets or fund balances | $366 |