Binitie Family Foundation
- Assets
- $8.9k
- Revenue
- $1.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 82-1859509
Organization Overview
Binitie Family Foundation is located in Washington, DC. The organization was established in 2017. 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. Binitie Family 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 12/2022, Binitie Family Foundation generated $1.2k 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 (64.6%) each year. All expenses for the organization totaled $18.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Binitie Family Foundation has awarded 25 individual grants totaling $106,467. 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 BUILDS STRONGER COMMUNITIES BY INVESTING INYOUTH, EDUCATION, THE ARTS, AND IN ORGANIZATIONS THATREVITALIZE AND PROVIDE CRITICAL SERVICES TO NEIGHBORHOODSWHERE WE LIVE AND WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buwa Binitie President-Board Member | 2 | $0 | |
Corey Powell Secretary-Treasurer-Board | 0.5 | $0 | |
Chinwe Binitie Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| 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 | $221 |
| Total Revenue | $1,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,000 |
| Total operating and administrative expenses | $18,540 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $18,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,876 |
| 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 | $8,876 |
| 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, Binitie Family Foundation has awarded $25,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL SCHOLARS FOUNDATION PURPOSE: PAYMENT FOR COMMUNITY PROGRAM | $2,500 |
BUILD METRO DC PURPOSE: PAYMENT FOR COMMUNITY PROGRAM | $15,000 |
RUN HOPE WORK PURPOSE: PAYMENT FOR COMMUNITY PROGRAM | $5,000 |
WATKINS HORNETS YOUTH ASSOCIATION PURPOSE: PAYMENT FOR COMMUNITY PROGRAM | $2,500 |