Bit By Bit Foundation Inc
- Assets
- $6.7k
- Revenue
- $7.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tolland, CT
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 83-4291636
Organization Overview
Bit By Bit Foundation Inc is located in Tolland, CT. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Bit By Bit 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 12/2022, Bit By Bit Foundation Inc generated $7.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $3.6k during the year ending 12/2022. While expenses have increased by 8.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
CRAIG CHILDRENS X1 PS5 DIGITAL PLAYSTATION PLUS PASS X1 DUALSENSE CONTROLLER X1 PLAYSTATION STORE $30 X1 1 YEAR GAME INFORMER SUBSCRIPTION X1 PLAYSTATION CONSOLE X1 $50 GIFT CARD X1 ELDEN RING X1 CONTROLLER
QUADSTICK -CRAIG CHILDRENS - DISABLED FRIENDLY
NORTHWEEL HEALTH - COHEN CHILDREN'S MEDICAL CENTER - NINTENDO SWITCH GAMES AND GIFT CARDS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connor Gentilcore Board Member | 10 | $0 | |
Weilin Meng Treasurer | 10 | $0 | |
Matt Wunder Secretary | 10 | $0 | |
Noah Petrie President | 10 | $0 | |
Kevin Lang Board Member | 10 | $0 | |
Peter Sclafani Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,113 |
| 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 | $0 |
| Total Revenue | $7,113 |
| 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 | $1,177 |
| Total operating and administrative expenses | $1,177 |
| Contributions, gifts, grants paid | $2,430 |
| Total expenses and disbursements | $3,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,727 |
| 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 | $6,727 |
| 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, Bit By Bit Foundation Inc has awarded $2,430 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CRAIG CHILDREN'S HOSPITAL PURPOSE: DONATING VIDEO GAMES TO CHILDRENS' HOSPITAL FOR INPATIENT CHILDREN. 2X QUADSTICKS FOR DISABLED KIDS | $565 |
CRAIG CHILDREN'S HOSPITAL PURPOSE: X2 PS5 CONSOLES X1 DIGITAL AND X1 NORMAL X2 CONTROLLERS X1 GAME X1 12 MO GAME MAGAZINE SUBSCRIPTION 1 MONTH OF PLAYSTATION PLUS | $1,380 |
NORTHWHEEL HEALTH - COHEN CHILDRENS PURPOSE: NINTENDO SWITCH GAMES ESHOP CARDS FOR GAMES | $485 |