FUTURE BUSINESS OWNERS FOUNDATION
NEWPORT BEACH,
California,
92660
EIN: 84-3533129
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
502 VISTA GRANDE
92660
COUNTY
orange county, CA
IN CARE OF NAME
FREDERICK B CHANEY
ORGANIZATIONAL OVERVIEW & RANKINGS
FUTURE BUSINESS OWNERS FOUNDATION is a based in NEWPORT BEACH, CA, focused on Community Improvement, Capacity Building causes , specifically Community, Neighborhood Development, Improvement (General). Established in February 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $350,100.00, this ranks 337,110 among 2,656,690 nonprofits nationally (Top 13%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 33,453 out of 275,729 organizations in CA (Top 13%).
In orange county, CA, the organization ranks 2,468 out of 22,453 nonprofits by assets (Top 11%), while locally in newport beach, it stands at 234 among 1,237 organizations (Top 18%).
The organization reported no revenue in the most recent filing period, placing it at 1,868,355 nationally and 199,116 in CA.
Within its specific NTEE classification (S20 - S: Community Improvement, Capacity Building), which includes 19,834 similar organizations, FUTURE BUSINESS OWNERS FOUNDATION ranks 1,421 in assets (Top 8%) and 15,434 in revenue (Top 78%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 .
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S20: Community, Neighborhood Development, Improvement (General)
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, May 15, 2023;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2019
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$350,100.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
02/2020
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$350,100.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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