M7 Foundation
- Assets
- $0.0
- Revenue
- $13.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- Data as of
- 12/2023
- EIN
- 92-2589198
Organization Overview
M7 Foundation is located in Akron, OH. 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. M7 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. 5 ARROWS FOUNDATION (FKA M7 FOUNDATION) IS A NOT-FOR-PROFIT ORGANIZATION THAT SEEKS TO HELP YOUNG ADULTS AND RETIRED VETERANS ADVANCE THEIR EDUCATION WITH A SPECIFIC FOCUS ON ENTERPRENEURSHIP. THE FOUNDATION ANTICIPATES PROVIDING SCHOLARSHIPS TO APPLICANTS TO ATTEND POSTSECONDARY EDUCATIONAL PROGRAMS, INCLUDING BUT NOT LIMITED TO COLLEGES, UNIVERSITIES, VOCATIONAL SCHOOLS, AND TRADE SCHOOLS. ADDITIONALLY, THE FOUNDATION ANTICIPATES WORKING WITH APPLICANTS WHO ARE SEEKING POSTSECONDARY EDUCATION TO BECOME ENTERPRENEUERS WITH MENTORSHIP ON STARTING THEIR BUSINESSES WHILE THEY ADVANCE THROUGH THEIR POSTSECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Manna President | 1 | $0 | |
Karen Manna Vice President | 1 | $0 | |
Cassandra Manna Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,595 |
| 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 | $13,595 |
| 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 | $4,894 |
| Total operating and administrative expenses | $13,595 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $13,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 |