BELAFONTE FAMILY FOUNDATION INC

EIN: 843047731 501(c)(3) Education

NEW YORK, NY

Total Revenue
$79,282
Total Expenses
$259,846
Total Assets
$585,674
Net Assets
$471,459
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
DAVID BELAFONTE
Phone
9173971010
Tax Period
2023-01-01 to 2023-12-31

BELAFONTE FAMILY FOUNDATION INC, founded in 2019, is a micro nonprofit in the Education sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 228% operating deficit.

Mission

THE BELAFONTE FAMILY FOUNDATION'S (BFF), MISSION IS TO CREATE ACCESS AND OPPORTUNITY FOR HISTORICALLY UNDERSERVED, MARGINALIZED YOUTH, ADULTS AND COMMUNITIES ACROSS RACIAL, GENDER, AND ECONOMIC LINES. SEE SCHEDULE O FOR CONTINUATION.THE BELAFONTE FAMILY FOUNDATION OFFERS PROGRESSIVE PROGRAMMING AND RESOURCES WITH A DEMAND FOR DIVERSITY, EQUITY, AND INCLUSION. AS A FAMILY HAVING SPENT A LIFETIME SERVING OTHERS, THE BELAFONTE FAMILY FOUNDATION HAS TAKEN A MULTI-GENERATIONAL APPROACH TO PHILANTHROPY WITH PILLARS IN AREAS THAT ARE CRITICAL TO HUMAN DEVELOPMENT AND SUCCESS. WHILE THE ULTIMATE GOAL OF GLOBAL, HARMONIOUS CO-EXISTENCE SHOULD BE PURSUED, A MASSIVE, IMBALANCED PLAYING FIELD EXISTS WHERE EDUCATION, OPPORTUNITY, HEALTH AND WELL BEING ARE SEEMINGLY INACCESSIBLE TO A MASSIVE SWATH OF OUR FELLOW HUMANS. BFF LOOKS TO DO ITS UTMOST TO HELP LEVEL THAT FIELD, CREATE ACCESS AND OFFER PATHWAYS FORWARD TO A BETTER LIFE.

Program Service Accomplishments

Program 1
Expenses: $55,174

TIC TALK SPACE IS A VIRTUAL SAFE SPACE FOR TWEENS AND TEENS EXPOSED TO BULLYING, ABUSE OR OTHER FACILITATORS OF DEPRESSION, FEAR, AND OTHER MENTAL HEALTH ISSUES. THE PROGRAM INCLUDES WEEKLY MEETINGS...

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TIC TALK SPACE IS A VIRTUAL SAFE SPACE FOR TWEENS AND TEENS EXPOSED TO BULLYING, ABUSE OR OTHER FACILITATORS OF DEPRESSION, FEAR, AND OTHER MENTAL HEALTH ISSUES. THE PROGRAM INCLUDES WEEKLY MEETINGS WITH PEER MENTORS IN A GAMING FORUM, MENTORS THAT ARE SUPPORTED AND TRAINED BY PSYCHOLOGISTS. HERE THE YOUNG PEOPLE FEEL SAFE TO TALK ABOUT THEIR WEEK AND SUBSEQUENTLY THEIR EXPERIENCES AND IT BECOMES A FOCAL POINT TO HOLD ON IN THEIR LIVES WHERE MANY FEEL UTTERLY ALONE, INFERIOR, AND SOME BATTLE WITH SUICIDAL THOUGHTS. MANY YOUNG PEOPLE FEEL THEY CANNOT TALK TO THEIR PARENTS ABOUT THEIR FEELINGS OF DEPRESSION.CONTINUED ON SCHEDULE O.SOMETIMES PARENTS ARE THE CATALYSTS OF THEIR FEAR AND SOMETIMES ADULTS PROVOKE AN INTIMIDATION FACTOR WHICH IS WHY THIS FORUM IS RUN BY PEERS WHO HAVE HAD SIMILAR EXPERIENCES. A PSYCHOLOGIST IS ON CALL DURING MEETINGS, AND WILL PERIODICALLY JOIN THE ON-LINE FORUM. ADDITIONALLY, THE SPACE HAS EXPANDED TO UNIVERSITY STUDENTS SUFFERING FROM SELF HARMING THOUGHT AND ATTEMPTS. WE SUPPORT THEM, THEIR FAMILIES, AND HELP FINANCIALLY THOSE IN NEED DURING HOLIDAYS AND HARD TIMES.

Program 2
Expenses: $54,086

BRIGHT ROAD MENTORING PROGRAMIN KEEPING WITH A COMMON THREAD OF HEALTH AND WELLNESS THROUGHOUT ITS PROGRAMS, THE BELAFONTE FAMILY FOUNDATION'S BRIGHT ROAD MENTORING PROGRAM IS DESIGNED TO HELP YOUNG...

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BRIGHT ROAD MENTORING PROGRAMIN KEEPING WITH A COMMON THREAD OF HEALTH AND WELLNESS THROUGHOUT ITS PROGRAMS, THE BELAFONTE FAMILY FOUNDATION'S BRIGHT ROAD MENTORING PROGRAM IS DESIGNED TO HELP YOUNG PEOPLE FIND THEIR WAY IN A WORLD THAT IS, FOR MANY, A GAUNTLET OF SEEMINGLY INSURMOUNTABLE CHALLENGES. FINDING A BASELINE OF STABILITY IS A CRITICAL PIECE OF A YOUNG PERSON'S HEALTHY DEVELOPMENT. DELIVERED THROUGH A MARTIAL ARTS-BASED CURRICULUM, THE INITIATIVE WAS CREATED AS AN ALTERNATIVE PATH TO A POSITIVE LIFESTYLE FOR YOUNG PEOPLE WHO HAVE A GREAT NEED TO BE PART OF A GROUP, AND OFTEN CHOOSE THE WRONG GROUP SIMPLY BECAUSE OF THIS VERY REAL NEED FOR SUPPORT FROM PEERS AND ELDERS, EVEN IF THAT CHOICE PUTS THEM ON A WRONG PATH. --CONTINUED ON SCHEDULE O.WHEN PRACTICED WITH COMMITMENT AND CONSISTENCY, THE BENEFITS OF A MARTIAL ARTS LIFESTYLE TEACHES COMMITMENT TO SELF-DISCOVERY, ACCEPTANCE, CONTROL, AND RESPECT FOR AN ENLIGHTENING WAY OF LIFE FOR THOSE WHO LIVE IT. BRIGHT ROAD IS A WAY TO REACH THESE YOUNG PEOPLE BEFORE, DURING, AND AFTER THEY POSSIBLY ENGAGE IN POTENTIALLY NEGATIVE LIFE-ALTERING BEHAVIOR.

Program 3
Expenses: $51,959

THE BRIGHT ROAD MARTIAL ARTS SCHOLARSHIP SPONSORS QUALIFYING AT-RISK-YOUTH IN MARTIAL ARTS MENTORSHIP PROGRAMS ACROSS MULTIPLE DISCIPLINES, PARTNERED WITH RENOWNED ACADEMIES AND INSTRUCTORS. FOR THE...

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THE BRIGHT ROAD MARTIAL ARTS SCHOLARSHIP SPONSORS QUALIFYING AT-RISK-YOUTH IN MARTIAL ARTS MENTORSHIP PROGRAMS ACROSS MULTIPLE DISCIPLINES, PARTNERED WITH RENOWNED ACADEMIES AND INSTRUCTORS. FOR THE PAST THREE SUMMERS, WE HAVE BROUGHT OUR MARTIAL ARTS MENTORSHIP PROGRAM TO CAMPERS FROM UNDERSERVED COMMUNITIES IN THE BRONX. MARTIAL ARTS AS A LIFESTYLE IS AN INCREDIBLY POWERFUL WAY TO FIND PURPOSE AND MENTAL STRENGTH TO BECOME THE BEST YOU CAN BE FOR YOURSELF AND FOR OTHERS. IT IS MUCH LESS ABOUT COMBAT SKILLS THAN ABOUT SENSE OF SELF AND MENTAL SURVIVAL SKILLS. CONTINUED ON SCHEDULE O.COMMITMENT TO A MARTIAL ARTS DISCIPLINE CAN BE A LIFE CHANGING EXPERIENCE THAT CAN BECOME AN INTEGRAL LIFESTYLE COMPONENT ESPECIALLY FOR AT RISK YOUTH WHO ARE LONGING FOR PURPOSE, SUPPORT SYSTEMS AND ROOM FOR SELF DISCOVERY. HERE THEY LEARN SELF CONTROL, SELF RESPECT, RULES OF ENGAGEMENT, AND ENGAGE IN TEAM ORIENTED TRAINING. MARTIAL ARTS REQUIRES THAT YOU PUSH YOUR LIMITS RESULTING IN GREAT SELF DISCOVERY, INCREASED FOCUS ON INNER BEING AND SYNCHRONIZATION OF THE MIND AND BODY.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $79,279
Program Service Revenue $0
Investment Income $3
Other Revenue $0
TOTAL REVENUE $79,282

Expense Breakdown

Grants Paid $10,050
Salaries & Benefits $99,000
Fundraising Expenses $44,651
Program Expenses $205,505
Other Expenses $150,796
TOTAL EXPENSES $259,846

Year-over-Year Comparison

2023 2022 Change
Revenue $79,282 $203,304 -0.6%
Expenses $259,846 $171,564 +0.5%
Net Income $-180,564 $31,740 -6.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

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
3
$99,000
Total Directors
5
$99,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BELAFONTE PRESIDENT/EXEC DIRECTOR 30.00
Officer Director
$99,000 $0 $99,000
MALENA BELAFONTE TREASURER 30.00
Officer Director
$0 $0 $0
JOHN WUNDERLICH SECRETARY 4.00
Officer Director
$0 $0 $0
IRMGARD MATHIESEN DIRECTOR 1.00
Director
$0 $0 $0
JUDGE MILT TINGLING DIRECTOR 2.00
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
2023 $79,282 $259,846 $585,674 $-180,564
2022 $203,304 $171,564 $34,210 $31,740
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