Five Below Foundation
- Assets
- $3.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/2019
- Data as of
- 01/2022
- EIN
- 82-5406623
Organization Overview
Five Below Foundation is located in Philadelphia, PA. The organization was established in 2019. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Five Below 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 01/2022, Five Below Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $191.2k during the year ending 01/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Werthauser President | 0.02 | $0 | |
Aaron Bookman Vice President & Treasurer | 0.2 | $0 | |
Ron Masciantonio Vice President & Secretary | 0.8 | $0 | |
Joel D Anderson President & Director | 0.02 | $0 | |
Michael F Romanko Vice President & Director | 0.02 | $0 | |
Krischelle Tennessen Director | 0.02 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $575 |
| 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 | $0 |
| Total Revenue | $1,000,575 |
| 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 | $0 |
| Total operating and administrative expenses | $9,670 |
| Contributions, gifts, grants paid | $181,550 |
| Total expenses and disbursements | $191,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,137,560 |
| 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 | $17,113 |
| Total assets | $3,154,673 |
| Accounts payable and accrued expenses | $10,050 |
| 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 | $10,050 |
Grants Awarded
Over the last fiscal year, Five Below Foundation has awarded $180,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: GENERAL SUPPORT | $100,000 |
PHILADELPHIA PARKS ALLIANCE PURPOSE: GENERAL SUPPORT | $25,000 |
Glen Mills, PA PURPOSE: GENERAL SUPPORT | $20,000 |
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $15,000 |
New Orleans, LA PURPOSE: GENERAL SUPPORT | $10,000 |
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Square Park Conservancy Inc New York, NY | $17,758,568 | $5,971,586 |
Climate Group Inc New York, NY | $1,626,352 | $3,142,770 |
Alexander Foundation Inc New York, NY | $78,432,916 | $6,451,996 |
Columbiana County Agricultural Society Lisbon, OH | $2,776,496 | $1,730,372 |
Capital Resource Conservation And Development Inc Carlisle, PA | $207,381 | $1,125,341 |
Kendall Foundation Inc Ashtabula, OH | $66,558 | $578,805 |
Woolrich Outdoor Foundation New York, NY | $94,874 | $697,419 |
East Park Leadership And Conservation Center Philadelphia, PA | $16,580,928 | $408,539 |
Shore Fund Pittsburgh, PA | $7,746,765 | $1,226,932 |
Environmental Endowment For New Jersey Inc Trenton, NJ | $5,545,511 | $1,299,856 |
Appleford Committee Villanova, PA | $2,160,475 | $852,791 |
East Hampton Village Foundation East Hampton, NY | $1,386,264 | $1,719,535 |