BBFG FOUNDATION INC

EIN: 883621334 501(c)(3)

TRUMBULL, CT

Total Revenue
$320,893
Total Expenses
$1,469,683
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CT
Principal Officer
JOHN MALFETTONE
Phone
2035091698
Tax Period
2025-01-01 to 2025-09-02

BBFG FOUNDATION INC, founded in 2022, is a small nonprofit that reported $321K in total revenue in fiscal year 2025. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 358% operating deficit.

Mission

HELPING TO SUPPORT UCONN STUDENT ATHLETES BY PROVIDING INCOME EARNING OPPORTUNITIES THAT ASSIST CHARITABLE CAUSES, INCLUDING INTERACTIONS WITH YOUTHS FROM LOW-INCOME FAMILIES IN THE STATE OF CONNECTICUT FOR WHOM THE STUDENT ATHLETES SERVE AS ROLE MODELS.

Program Service Accomplishments

Program 1
Expenses: $1,297,682

BBFG FOUNDATION (BBFG) MAY PROVIDE TAX-EXEMPT CHARITABLE ORGANIZATIONS WITH GRANTS AND STUDENT ATHLETE IN-KIND CONTRIBUTIONS OF SPORTS AND PHYSICAL EDUCATION, COMMUNICATION, MARKETING, SPEAKING...

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BBFG FOUNDATION (BBFG) MAY PROVIDE TAX-EXEMPT CHARITABLE ORGANIZATIONS WITH GRANTS AND STUDENT ATHLETE IN-KIND CONTRIBUTIONS OF SPORTS AND PHYSICAL EDUCATION, COMMUNICATION, MARKETING, SPEAKING, EVENT, AND PUBLIC RELATIONS SERVICES SO THAT SERVED ORGANIZATIONS CAN EXPAND THE REACH AND EFFECTIVENESS OF THEIR EXEMPT ACTIVITIES, BETTER SERVE THEIR CONSTITUENTS, AND BETTER ACHIEVE THEIR EXEMPT PURPOSES. BY DEPLOYING INTERCOLLEGIATE ATHLETES, BBFG'S SERVICES WILL INCREASE THE CONSTITUENT ORGANZIATIONS' VISIBILITY AND REACH IN THEIR COMMUNITIES AS WELL AS PROVIDE UNIQUE ATHLETIC AND PHYSICAL EDUCATION TO BENEFICIARIES SERVED BY CONSTITUENT ORGANZIATIONS. (SEE SCHEDULE O)RAISE AWARENESS OF THE NEED OF BENEFICIARIES SERVED BY CONSTITUENT ORGANIZATIONS, ATTRACT DONORS AND VOLUNTEERS TO CONSTITUENT ORGANIZATIONS, AND ENHANCE THE CONSTITUENT ORGANIZATIONS' RELATIONSHIPS AMONG SERVED POPULATIONS. EXAMPLES OF BBFG'S SERVICES USING THE NAME, IMAGE, SPEAKING, AND LIKENESS OF INTERCOLLEGIATE ATHLETES AND INTERCOLLEGIATE ATHLETES THEMSELVES INCLUDE, BUT ARE NOT LIMITED TO, HOLDING ATHLETIC SKILL CAMPS AND PHYSICAL EDUCATION EVENTS, CONDUCTING CHARITABLE ACTIVITIES AND EVENTS, AND PROVIDING THE SERVICES OF INTERCOLLEGIATE ATHLETES AS ORGANIZATIONAL SPOKESPERSONS, MOTIVATIONAL SPEAKERS, GROUP SPEAKERS, AND ADVISORS ON RELATIONSHIPS WITH AND NEEDS OF SERVED POPULATIONS.

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Trantor Score

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

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $309,803
Program Service Revenue $0
Investment Income $3,314
Other Revenue $7,776
TOTAL REVENUE $320,893

Expense Breakdown

Grants Paid $46,024
Salaries & Benefits $60,473
Fundraising Expenses $0
Program Expenses $1,297,682
Other Expenses $1,363,186
TOTAL EXPENSES $1,469,683

Year-over-Year Comparison

2025 2024 Change
Revenue $320,893 $4,035,082 -0.9%
Expenses $1,469,683 $4,618,287 -0.7%
Net Income $-1,148,790 $-583,205 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
8

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
8
$57,884
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KALANA GREENE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL CANTOR SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN P MALFETTONE PRESIDENT 15.00
Officer Director
$0 $0 $0
RASOOL AHMED TREASURER 1.00
Officer Director
$0 $0 $0
MIKE BURTON VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
BEN RENSHAW VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JARED THOMAS EXECUTIVE DIRECTOR 25.00
Officer
$57,884 $0 $57,884
LEN LASALANDRA CFO 15.00
Officer
$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
2025 $320,893 $1,469,683 No data $-1,148,790
2024 No data No data No data No data
2023 $3,242,787 $1,566,462 $1,767,146 $1,676,325
2022 $579,204 $523,534 $86,398 $55,670
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