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Nonprofiteer
← BBYO FUND FOR THE FUTURE INC

Form 990 for tax year 2022

Filed by BBYO FUND FOR THE FUTURE INC.

Totals

Total revenue
$1,284,282
Total expenses
$142,873
Contributions and grants received
$1,117,090
Grants paid
$115,409
Program service revenue
$0
Investment income
$167,192
Other revenue
$0
Total assets, end of year
$8,602,624
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,602,624
Program services expenses (Part IX)
$115,409
Management and general expenses
$27,464
Fundraising expenses
$0
Program service expenses (Part III)
$115,409

Program services were 80.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,117,090

  • 3 · Investment income

    total $50,084 · excluded $50,084

  • 7a · Gross sales of assets other than inventory

    securities $117,108

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $117,108

  • 7d · Net gain or loss

    total $117,108 · excluded $117,108

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,409 · program services $115,409

  • 11f · Fees: investment management

    total $27,464 · management and general $27,464

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $1,173,929 · end of year $475,000

  • 4 · Accounts receivable

    end of year $5,000

  • 11 · Investments: publicly traded securities

    beginning of year $5,111,876 · end of year $7,502,952

  • 15 · Other assets

    beginning of year $772,683 · end of year $619,672

  • 27 · Net assets without donor restrictions

    beginning of year -$6,960 · end of year $198,688

  • 28 · Net assets with donor restrictions

    beginning of year $7,065,448 · end of year $8,403,936

Mission and programs · 2022

Mission

THE PURPOSES OF THE BBYO FUND FOR THE FUTURE, INC (THE FUND) IS TO: ACCEPT ENDOWMENTS, REVENUE FROM MATURED PLANNED GIFTS, AND DESIGNATED DONORS; PROVIDE CONSISTENTLY INCREASING (ANNUAL) DISTRIBUTIONS TO BBYO TO CARRY OUT ITS MISSION; TO OVERSEE THE INVESTMENT OF THE FUND'S ASSETS TO OPTIMIZE THE LONG-TERM SUPPORT IT PROVIDES TO BBYO; AND, UPON REQUEST FROM BBYO, TO ISSUE PRUDENT LOANS AND/OR TO MAKE DISTRIBUTIONS TO BBYO FROM THE FUND'S UNRESTRICTED ASSETS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • THE PURPOSES OF THE FUND ARE TO ACCEPT ENDOWMENTS, REVENUE FROM MATURED PLANNED GIFTS, AND DESIGNATED DONORS; PROVIDE CONSISTENTLY INCREASING (ANNUAL) DISTRIBUTIONS TO BBYO TO CARRY OUT ITS MISSION; TO OVERSEE THE INVESTMENT OF THE FUND'S ASSETS TO OPTIMIZE THE LONG-TERM SUPPORT IT PROVIDES TO BBYO; AND, UPON REQUEST FROM BBYO, TO ISSUE PRUDENT LOANS AND/OR TO MAKE DISTRIBUTIONS TO BBYO FROM THE FUND'S UNRESTRICTED ASSETS.

    Expenses $115,409 · Grants $115,409

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ESTEE PORTNOY

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MAX HELLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHYLLIS TABACHNIK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVEN ROSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TED PERLMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EILEEN RUBY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401319349301740

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