Do It Best Foundation Inc
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 01/2020
- Data as of
- 01/2024
- EIN
- 84-2148850
Organization Overview
Do It Best Foundation Inc is located in Fort Wayne, IN. The organization was established in 2020. 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. Do It Best 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 01/2024, Do It Best Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 67.9% each year . All expenses for the organization totaled $647.5k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Do It Best Foundation Inc has awarded 92 individual grants totaling $835,743. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Talarico President | 2.5 | $0 | |
Rich Lynch Part Year President | 2.5 | $0 | |
Gary Furst Secretary | 1 | $0 | |
Doug Roth Treasurer | 1 | $0 | |
Daniel Starr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,180,036 |
| Interest on Savings | $28,722 |
| 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 | $1,208,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174,538 |
| Total operating and administrative expenses | $179,576 |
| Contributions, gifts, grants paid | $467,923 |
| Total expenses and disbursements | $647,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,582,932 |
| 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 | $1,582,932 |
| 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, Do It Best Foundation Inc has awarded $467,923 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCACY CENTER FOR CRIME VICTIMS PURPOSE: GENERAL SUPPORT | $5,000 |
ALLEN COUNTY - FT WAYNE HISTORICAL PURPOSE: GENERAL SUPPORT | $2,500 |
ANTHONY WAYNE REHABILITATION CENTER PURPOSE: GENERAL SUPPORT | $8,000 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $10,000 |
ARTS UNITED OF GREATER FORT WAYNE PURPOSE: GENERAL SUPPORT | $50,000 |
BLESSINGS IN A BACKPACK PURPOSE: GENERAL SUPPORT | $10,000 |