Do It Best Foundation Inc
- Assets
- $773.5k
- Revenue
- $442.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 01/2020
- Data as of
- 01/2022
- 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 01/2022, Do It Best Foundation Inc generated $442.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 69.6% each year . All expenses for the organization totaled $114.2k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Do It Best Foundation Inc has awarded 34 individual grants totaling $199,605. 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 |
|---|---|---|---|
Gary Furst Secretary | 1 | $0 | |
Rich Lynch President | 2.5 | $0 | |
Doug Roth Treasurer | 1 | $0 | |
Daniel Starr Director | 1 | $0 | |
Steve Markley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $440,624 |
| Interest on Savings | $1,604 |
| 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 | $442,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,078 |
| Total operating and administrative expenses | $51,014 |
| Contributions, gifts, grants paid | $63,205 |
| Total expenses and disbursements | $114,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $773,526 |
| 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 | $773,526 |
| 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 $63,205 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Wayne, IN PURPOSE: GENERAL SUPPORT | $9,705 |
Fort Wayne, IN PURPOSE: GENERAL SUPPORT | $7,500 |
NEIGHBOR LINK FORT WAYNE PURPOSE: GENERAL SUPPORT | $7,500 |
Fort Wayne, IN PURPOSE: GENERAL SUPPORT | $5,000 |
HEALTHIER MOMS AND BABIES PURPOSE: GENERAL SUPPORT | $5,000 |
CHILDREN'S MUSEUM OF INDIANAPOLIS PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Do It Best Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Leviton Foundation Inc-New York Melville, NY PURPOSE: GRANTS FOR RELIGIOUS, MEDICAL OR EDUCATIONAL PURPOSES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |