Felix Ventures Foundation

Organization Overview

Felix Ventures Foundation is located in Encino, CA. The organization was established in 2002. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Felix Ventures Foundation 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 04/2023, Felix Ventures Foundation generated $170.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $188.6k during the year ending 04/2023. While expenses have increased by 5.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDED LEADERSHIP TRAINING, CULTURAL EXPERIENCES, WILDERNESS ADVENTURES AND ACADEMIC AND PERSONAL MOTIVATION, INCLUDING INTRODUCTION AND TOURS OF VARIOUS COLLEGES, FOR DISADVANTAGED STUDENTS AT WORKMAN HIGH SCHOOL. THE PURPOSE IS TO REINFORCE ACADEMIC ACHIEVEMENT, PERSONAL GROWTH AND DEVELOPMENT, LEADERSHIP AND THE VALUE OF FAIR PLAY, GROUP PARTICIPATION, GOOD SPORTSMANSHIP, RESPECT FOR OTHERS AND WILDERNESS APPRECIATION AND PRESERVATION.


THE FOUNDATION PROVIDED AN IN-SCHOOL MENTORING PROGRAM FOR STUDENTS AT WORKMAN HIGH SCHOOL. THE PURPOSE OF THIS PROGRAM IS TO PROMOTE ACADEMIC ACHIEVEMENT AND TO MOTIVATE STUDENTS TO EXCEL IN ALL WALKS OF LIFE.


THE FOUNDATION PROVIDED SUPPORT FOR WORKMAN HIGHSCHOOL, HACIENDA HIGH SCHOOL DISTRICT, THE BOY SCOUTS OF AMERICA AND VARIOUS OTHER GROUPSTHE PURPOSE IS THE PROMOTION OF THE WELFARE AND DEVELOPMENT OF YOUNG MEN AND WOMEN AND TO PROMOTE EDUCATION.


THE FOUNDATION PROVIDED SCHOLARSHIPS AND AWARDS IN RECOGNITION OF PAST ACADEMIC ACHIEVEMENT, LEADERSHIP INVOLVEMENT AND COMMUNITY SERVICE FOR OVER 30 DISADVANTAGED STUDENTS AT WORKMAN HIGHSCHOOL.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $170,000
Interest on Savings $677
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 $170,677

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