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B3 Foundation

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

EIN: 821690405 ✦ Torrance, CA ✦ Designated as a 501(c)(3)

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Overview

What is B3 Foundation?

The B3 Foundation is a nonprofit organization situated in Torrance, California. Its primary objective is to empower student leaders hailing from underprivileged communities. To accomplish this, the foundation offers youth-oriented programs, such as mentorship, scholarships, and community engagement initiatives. The B3 Foundation collaborates with local partners to successfully execute its mission. The organization's work is focused on equipping and supporting future leaders from under-resourced communities.


Official website here: www.b3foundation.org

Is B3 Foundation legitimate?

B3 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. B3 Foundation submitted a form 990EZ, 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.


Official website here: www.b3foundation.org

What is the mission statement of B3 Foundation?

The B3 Foundation's mission is centered around empowering student leaders in underprivileged communities. They accomplish this by providing youth-focused programming, encompassing mentorship, scholarship opportunities, and community engagement. The foundation collaborates with community partners to execute this mission effectively.


Official website here: www.b3foundation.org

Who is the CEO of B3 Foundation?

Marty Schafer is the Ceo of B3 Foundation. The CEO's salary of B3 Foundation is $0 and their total compensation is $0.


Official website here: www.b3foundation.org

What is the revenue of B3 Foundation?

B3 Foundation's revenue in 2022 was $75,492.


Official website here: www.b3foundation.org

Who are the executives of B3 Foundation and what are their salaries?


Here are 6 key members and their salaries (B3 Foundation's CEO's salary is $0 and their total compensation is $0):


Zachery Banner (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Bergstrom (Secretary)
  • Compensation: $25,500
  • Related: $0
  • Other: $0
Ryan Stern (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Okmin (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Masciotti (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Schafer (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.b3foundation.org

Where can I find the form 990EZ for B3 Foundation?

B3 Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.b3foundation.org

Learn more at the official website: www.b3foundation.org

Mission Statement of B3 Foundation

The B3 Foundation, a nonprofit organization, focuses on empowering student leaders in underprivileged communities. It achieves this mission through a comprehensive approach that includes mentorship, scholarship opportunities, and community engagement. By working in tandem with local partners, the foundation aims to equip these young leaders with the necessary skills and resources to make a positive impact in their communities. Based on the provided information, it is clear that the B3 Foundation is committed to uplifting the next generation of leaders in under-resourced communities, fostering their growth and development for a brighter future.

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Impact




August, 2024

B3 Foundation empowers student leaders in under-resourced communities through youth-focused programming, including mentorship, scholarship, and community engagement. The foundation's impact is evident in the transformation of young individuals who are equipped with the skills and support needed to succeed in their academic and personal endeavors. By working closely with community partners, B3 Foundation fosters a culture of leadership and empowerment among the youth in Torrance, CA, thus making a positive and lasting impact on the community.




This information is meant to be a general summary of B3 Foundation. 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
$75,492 (2022)
Expenses
$136,754 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6
  • Gross Receipts: $75,492

Assets and Liabilities:

  • Total Assets: $33,690
  • Total Liabilities: $0
  • Net Assets: $33,690

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Organization Details

Principal Officer

Marty Schafer

Main Address

25550 Hawthorne Blvd Ste 100, Torrance, CA, 90505

NTEE Category

Code: O50 - Youth development

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