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← MATT AND LISA ALLEN FAMILY FOUNDATION INC

Form 990 for tax year 2023

Filed by MATT AND LISA ALLEN FAMILY FOUNDATION INC.

Totals

Total revenue
$760,220
Total expenses
$513,620
Contributions and grants received
$741,274
Grants paid
$510,000
Program service revenue
$0
Investment income
$6,599
Other revenue
$12,347
Total assets, end of year
$246,600
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$246,600
Program services expenses (Part IX)
$510,000
Management and general expenses
$3,620
Fundraising expenses
$0
Program service expenses (Part III)
$510,000

Program services were 99.3% 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.

  • 1c · Fundraising events

    $741,274

  • 3 · Investment income

    total $6,599 · excluded $6,599

  • 8a · Fundraising events: gross income

    $132,132

  • 8a · Fundraising events: contributions included on line 1c

    $741,274

  • 8b · Fundraising events: direct expenses

    $119,785

  • 8c · Net income from fundraising events

    total $12,347 · excluded $12,347

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $510,000 · program services $510,000

  • 11b · Fees: legal

    total $3,600 · management and general $3,600

  • 24a · Other expenses: Bank Fees

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $246,600

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $246,600

Mission and programs · 2023

Mission

The mission of the Matt and Lisa Allen Family Foundation (MLAFF) is to support underserved youth across South Florida by providing access to education, healthcare, housing and any other resources needed to thrive, driven by the Board's deep personal commitment to the South Florida community and to championing its most underrepresented young residents.

Activities or mission (Part I)

To support underserved youth across South Florida by providing access to education, healthcare, housing and any other resources needed to thrive, driven by the Board's deep personal commitment to the South Florida community and to championing its most underrepresented young residents.

  • Through the fundraising efforts, we raised funds to allow donations of $510,000. $125,000 has been donated to Crokett Foundation; $135,000 has been donated to Barry University; $125,000 has been donated to Big Brothers and $125,000 has been donated to Jackson Health Foundation

    Expenses $510,000 · Grants $510,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Allen

    President

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth G Allen

    Vice President and Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jayson Yao

    Secretary

    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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349317522

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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