Effort Initiative Corporation
- Assets
- $1.3m
- Revenue
- $367.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2719098
Organization Overview
Effort Initiative Corporation is located in Oakland, CA. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Effort Initiative Corporation 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, Effort Initiative Corporation generated $367.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $39.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,041 |
| Capital Gain Net Income | $96,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $367,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $277 |
| Depreciation | $152 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,856 |
| Printing and publications | $0 |
| Other expenses | $4,564 |
| Total operating and administrative expenses | $19,812 |
| Contributions, gifts, grants paid | $20,067 |
| Total expenses and disbursements | $39,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,837 |
| 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 | $228 |
| Other assets | $0 |
| Total assets | $1,331,149 |
| Accounts payable and accrued expenses | $5,001 |
| 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 | $5,001 |
Grants Awarded
Over the last fiscal year, Effort Initiative Corporation has awarded $20,067 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DUBLIN SENIOR CENTER PURPOSE: CONTRIBUTION TO GENERAL FUND | $5,149 |
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: CONTRIBUTION TO GENERAL FUND | $1,000 |
BISHOP O'DOWD PURPOSE: CONTRIBUTION TO GENERAL FUND | $2,500 |
BUDDHIST TZU CHI FOUNDATION PURPOSE: CONTRIBUTION TO GENERAL FUND | $1,000 |
WORLD VISION PURPOSE: CONTRIBUTION TO GENERAL FUND | $468 |
WIKIMEDIA PURPOSE: CONTRIBUTION TO GENERAL FUND | $100 |