George Foreman Youth & Community Development Center

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

EIN: 760094378 ✦ Huffman, TX ✦ Designated as a 501(c)(3)

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Overview

What is George Foreman Youth & Community Development Center?

George Foreman Youth & Community Development Center is a nonprofit organization located in Huffman, Texas. Originally established to offer a safe space for troubled and disadvantaged children and provide fellowship and support for low-income elderly individuals, it now aims to sell its buildings and equipment due to the devastating impact of COVID-19. The center has significantly reduced its expenses to maintain the building in marketable condition, keeping only essential services like utilities, security, and a caretaker. Despite the shift in focus, the organization's dedication to serving the community remains strong.


Official website here: www.georgeforeman.com

Is George Foreman Youth & Community Development Center legitimate?

George Foreman Youth & Community Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. George Foreman Youth & Community Development Center 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: $17,957

For more financial information, click here


Official website here: www.georgeforeman.com

What is the mission statement of George Foreman Youth & Community Development Center?

The George Foreman Youth & Community Development Center, despite no longer operating, aims to sell its buildings after being severely impacted by COVID-19 and failing to recover. Originally, the center provided a safe space for troubled and disadvantaged children, offering them support. Additionally, it offered fellowship and assistance to low-income elderly individuals. Currently, the center maintains the building in a marketable condition by reducing expenses to only essentials such as utilities, security, and a caretaker. While it is no longer operational, the center's former mission was to contribute to the well-being of vulnerable children and elderlow-income individuals.


Official website here: www.georgeforeman.com

Who is the CEO of George Foreman Youth & Community Development Center?

Mary Foreman is the Vice President of George Foreman Youth & Community Development Center.


Official website here: www.georgeforeman.com

What is the revenue of George Foreman Youth & Community Development Center?

George Foreman Youth & Community Development Center's revenue in 2022 was $6,602.


Official website here: www.georgeforeman.com

Who are the executives of George Foreman Youth & Community Development Center and what are their salaries?

The average compensation at George Foreman Youth & Community Development Center during 2022 was $17,957. There is 1 employee at George Foreman Youth & Community Development Center.


Here are 4 key members and their salaries:


George E Foreman (Chairman/Pres.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Foreman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mariah Matejowsky (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
George E Foreman Iv (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.georgeforeman.com

Where can I find the form 990 for George Foreman Youth & Community Development Center?

George Foreman Youth & Community Development Center's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.georgeforeman.com

Learn more at the official website: www.georgeforeman.com

Mission Statement of George Foreman Youth & Community Development Center

The George Foreman Youth & Community Development Center, once a vibrant organization, has now transitioned into a phase of selling its buildings due to the devastating impact of COVID-19. Initially established to cater to troubled and disadvantaged children, as well as offer fellowship and support for low-income elderly individuals, the center has significantly scaled down its operations. Currently, the center's expenses are limited to utilities, security, and the maintenance of a single caretaker, ensuring the building remains in a marketable condition. The center's primary purpose now is to preserve its buildings for potential future use.

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Impact




August, 2024

The impact of the George Foreman Youth & Community Development Center was significant in providing a place for troubled and disadvantaged children, as well as offering fellowship and support for low-income elderly individuals. However, the center was completely devastated by COVID and never recovered. Today, the center is no longer operating and is attempting to sell its buildings and equipment. Despite facing challenges, the center's mission of supporting the community through its programs and services left a positive imprint on those it served.




This information is meant to be a general summary of George Foreman Youth & Community Development Center. 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
$6,602 (2022)
Expenses
$65,544 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,147
  • Gross Receipts: $6,602

Assets and Liabilities:

  • Total Assets: $813,458
  • Total Liabilities: $263,460
  • Net Assets: $549,998

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Organization Details

Founding Year

1984

Principal Officer

Mary Foreman

Main Address

PO Box 1405, Huffman, TX, 77336

NTEE Category

Code: N40 - Recreation

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