1ST FOUNDATION CHARITABLE CORPORATION

EIN: 832991037 501(c)(3) Diseases & Disorders

SPIRO, OK

Total Revenue
$323,044
Total Expenses
$114,598
Total Assets
$221,423
Net Assets
$221,423
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
OK
Principal Officer
IRIS BECKETT
Phone
9187219477
Tax Period
2021-01-01 to 2021-12-31

1ST FOUNDATION CHARITABLE CORPORATION, founded in 2019, is a small nonprofit in the Diseases & Disorders sector that reported $323K in total revenue in fiscal year 2021. The organization ran a surplus of $208K, a strong 65% operating margin.

Mission

TO HARNESS THE POWER OF THE MOST CREATIVE PEOPLE, BRANDS AND ORGANIZATIONS TO FIGHT HOMELESSNESS AND SAVE LIVES. SUITCASE JOE FOUNDATION OPERATES AS A NON-PROFIT, SOCIAL PURPOSE ENTERPRISE WHICH ADVOCATES TO ERADICATE HOMELESSNESS AND PROVERTY, AND SUPPORTS MENTAL HEALTH CARE REFORMS FOR SKID ROW AND UNDERSERVED COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $102,616

SUITCASE JOE FOUNDATION IS BRINGING AWARENESS AND SERVICE TO PEOPLE LIVING IN AND AROUND SKID ROW AND DTLA. THE ORGANIZATION PROVIDES FOOD AND BASIC SUPPLIES THROUGHOUT THE YEAR TO UNHOUSED...

Read more

SUITCASE JOE FOUNDATION IS BRINGING AWARENESS AND SERVICE TO PEOPLE LIVING IN AND AROUND SKID ROW AND DTLA. THE ORGANIZATION PROVIDES FOOD AND BASIC SUPPLIES THROUGHOUT THE YEAR TO UNHOUSED INDIVIDUALS AND ORGANIZATIONS SERVICING THE UNHOUSED COMMUNITY. WE SUPPORT THEIR HUMANITY, STORIES AND INTEGRITY THROUGH NONEXPLOITIVE STORY SHARING AND LIFE-BUILDING WORKSHOPS. WE ARE OFFICIAL PARTNERS WITH ONE OF THE MOST ESTEEMED PUBLIC MISSIONS IN THE COUNTRY: THE LOS ANGELES MISSION. DURING THE HEIGHTOF COVID-19, THE ORGANIZATION WAS THE ONLY ONE ALLOWED TO PERFORM ON CAMPUS HEALTH INITIATIVE WORKSHOPS FOR THE ANNE DOUGLAS CENTER FOR WOMEN. THE ORGANIZATION EXTENDED THIS PARTNERSHIP TO SUPPORT MONTHLY WORKSHOPS PROVIDING CAREER DEVELOPMENT AND ENTREPRENEURSHIP OPPORTUNITIES, FUNDAMENTAL MONEY MANAGEMENT AND COMPOUND SAVINGS WORKSHOP, AND LIFE ENHANCING ACTIVITIES THAT BRING EDUCATION, HUMANITY AND INSPIRATION ALONGSIDE MENTAL AND EMOTIONAL HEALTH SUPPORT, MENTORSHIP, AND FRIENDSHIP. THE ORGANIZATION FUNDED TWO MATCHING SCHOLARSHIPS TO 2 WOMEN AND 2 MEN WHO RECEIVED 18-MONTH INTENSIVE EDUCATIONAL SUPPORT AND LONG-TERM SHELTER AND CARE TO GET OFF THE STREET, BE REHABILITATED, AND GIVEN AN OPPORTUNITY TO CREATE A NEW, BETTER PATH IN LIFE. TO REDUCE RECIDIVISM, THE ORGANIZATION PROVIDES MENTORSHIP TO SOME STUDENTS WHEN THEY GRADUATE AND RECEIVE PERMANENT HOUSING AND JOBS AS A LONG-TERM FRIEND AND WRAP AROUND SUPPORT SYSTEM, INCLUDING COLLEGE AND JOB SUPPORT MENTORING AND HOME MANAGEMENT. THE ORGANIZATION SEEKS TO FILL IN SUPPORT GAPS WHEREVER AND WHENEVER POSSIBLE. THE GOAL IS TO HELP PROVIDE RESPECTFUL AND IMPACTFUL TRANSITORY LIFE SUPPORT SYSTEMS WHILE PERMANENT HOUSING IS SECURED AND/OR MAINTAINED. THE COMMUNITY SERVICE OUTREACH GOES BEYOND SKID ROW WHENEVER POSSIBLE. THE ORGANIZATION HELPS TO SUPPORT PEOPLE IN DTLA AND SW LA WHO LIVE IN THEIR CARS, ESPECIALLY SINGLE MOTHERS, AND SENIORS. BY PROVIDING FINANCIAL SUPPORT, GASOLINE, AND BASIC HUMAN NECESSITIES SUCH AS HOT MEALS, STABLE FOOD SUPPLIES, BLANKETS, BATTERIES AND CHARGERS, WATER, SHOWERS, COVID- RELATED PPE, SCHOOL SUPPLIES AND SCHOOL CLOTHING, AND TOYS FOR SMALL CHILDREN TO PROVIDE CHILDHOOD JOY IN THE FACE OF DESPAIR. IN EFFORTS WITH THE BEST SKID ROW-CENTERED MEDICAL CLINIC, TO SUPPORT A DEDICATED LIAISON FOR FREE AND LOW-COST MEDICAL CARE AND VACCINATIONS FOR FAMILIES WHO LIVE IN AUTOMOBILES, INCLUDING MENTAL WELLNESS AND PHYSICAL THERAPY AS THESE TWO CRITICAL ISSUES ARE REPORTED MOST OFTEN AMONGST LONGER TERM CAR DWELLERS. THE ORGANIZATION PROVIDED A MINIMUM OF A YEAR'S WORTH OF FEMININE HYGIENE PRODUCTS TO SAFEPARKLA FOR ALL THEIR FEMALE CLIENTS TO SERVICE WOMEN IN OVER A DOZEN PARKING LOTS SO THEY WOULDN'T HAVE TO SUFFER THE SHAME AND HUMILIATION OF NOT BEING ABLE TO AFFORD FEMININE HYGIENE PRODUCTS WHILE UNHOUSED AND FINANCIALLY INSECURE. THE ORGANIZATION PROVIDED 6 MONTHS' WORTH OF DIAPERS TO A COMMUNITY CENTER IN SW LA FOR ALL 1-YEAR-OLD BABIES WHEN LOS ANGELES COUNTY SERVICES EXPERIENCED SHIPPING DELAYS FOR LARGER SIZED DIAPERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $323,044
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $323,044

Expense Breakdown

Grants Paid $96,916
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $102,616
Other Expenses $17,682
TOTAL EXPENSES $114,598

Year-over-Year Comparison

2021 2020 Change
Revenue $323,044 N/A N/A
Expenses $114,598 N/A N/A
Net Income $208,446 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEKOL ARMSTRONG SECRETARY/DI 10.00
Officer Director
$0 $0 $0
IRIS BECKETT EXEC. DIRECT 10.00
Officer Director
$0 $0 $0
DEE GLOVER TREASURER/DI 10.00
Officer Director
$0 $0 $0
NATALIE JACKSON PRESIDENT 10.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $323,044 $114,598 $221,423 $208,446
Explore More Nonprofits
Top 100 Nonprofits in Oklahoma Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare 1ST FOUNDATION CHARITABLE CORPORATION with other nonprofits in Oklahoma and across the country.