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Bbyo Fund For The Future Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463736290 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Bbyo Fund For The Future Inc?

Bbyo Fund For The Future Inc is a nonprofit organization situated in Washington D.C., specifically at 800 8th Street NW. Its primary role is to accept endowments, revenues from matured planned gifts, and donations designated for the organization Bbyo. The nonprofit's objective is to provide consistently increasing annual distributions to Bbyo, ensuring their mission's continuity. Additionally, it manages the investment of its assets to optimize long-term support for Bbyo. In case of request, Bbyo Fund For The Future Inc can issue prudent loans or make distributions from its unlimited assets. The nonprofit's purpose is to ensure Bbyo's financial stability and growth.


Official website here: www.bbyo.org

Is Bbyo Fund For The Future Inc legitimate?

Bbyo Fund For The Future Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bbyo Fund For The Future Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.bbyo.org

What is the mission statement of Bbyo Fund For The Future Inc?

The Bbyo Fund For The Future Inc serves a specific purpose, primarily focused on supporting Bbyo, an organization with its own mission. The Fund accepts endowments, revenue from matured planned gifts, and donations designated by contributors. Its primary objective is to provide consistently increasing annual distributions to Bbyo, enabling it to fulfill its mission. The Fund also manages the investment of its assets to optimize the long-term support it offers to Bbyo. Upon request from Bbyo, it issues prudent loans and makes distributions from its unallocated assets. In essence, the Bbyo Fund For The Future Inc exists to financially sustain and strengthen Bbyo's operations.


Official website here: www.bbyo.org

Who is the CEO of Bbyo Fund For The Future Inc?

Matthew Grossman is the Principal Officer of Bbyo Fund For The Future Inc.


Official website here: www.bbyo.org

What is the revenue of Bbyo Fund For The Future Inc?

Bbyo Fund For The Future Inc's revenue in 2022 was $2,713,288.


Official website here: www.bbyo.org

Who are the executives of Bbyo Fund For The Future Inc and what are their salaries?


Here are 6 key members and their salaries:


Estee Portnoy (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max Heller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis Tabachnik (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Rosen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Perlman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Ruby (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bbyo.org

Where can I find the form 990 for Bbyo Fund For The Future Inc?

Bbyo Fund For The Future Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bbyo.org

Learn more at the official website: www.bbyo.org

Mission Statement of Bbyo Fund For The Future Inc

Bbyo Fund For The Future Inc, as per its mission, serves to accept endowments, revenue from matured planned gifts, and designated donations. The primary objective of this nonprofit organization is to provide consistently increasing annual distributions to BBYO to aid in carrying out its mission. Beyond financial support, Bbyo Fund For The Future Inc also oversees the investment of its assets to optimize the long-term support it offers to BBYO. Furthermore, upon request from BBYO, this organization issues prudent loans and makes distributions from its unresticted assets. In essence, Bbyo Fund For The Future Inc plays a crucial role in securing and managing financial resources to support the mission of BBYO.

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Impact




October, 2024

Bbyo Fund For The Future Inc plays a crucial role in ensuring the financial stability and sustainability of BBYO's mission. By accepting endowments, revenue from matured planned gifts, and contributions from designated donors, the fund secures essential resources that enable BBYO to expand its impact within the community.

The organization consistently provides increasing annual distributions, which supports BBYO's programs and activities aimed at fostering leadership, engagement, and Jewish identity among youth. This financial backing allows BBYO to enhance its offerings, reach more young people, and adapt to the evolving needs of its constituents.

Furthermore, by overseeing the prudent investment of the fund's assets, Bbyo Fund For The Future Inc ensures that long-term support is optimized, thereby strengthening BBYO's ongoing initiatives. The ability to issue loans and make distributions from unrestricted assets enables flexible financial support, allowing BBYO to respond to immediate needs and opportunities as they arise.

In summary, Bbyo Fund For The Future Inc’s impact is reflected in its commitment to providing reliable and increasing financial resources, which empower BBYO to fulfill its mission and positively influence the lives of young individuals in the community.




This information is meant to be a general summary of Bbyo Fund For The Future Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,713,288 (2022)
Expenses
$25,005 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $360,535
  • Gross Receipts: $2,713,288

Assets and Liabilities:

  • Total Assets: $7,058,488
  • Total Liabilities: $0
  • Net Assets: $7,058,488

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Organization Details

Founding Year

2013

Principal Officer

Matthew Grossman

Main Address

800 8TH STREET NW, WASHINGTON, DC, 20001

NTEE Category

Code: X11 - Religion related

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