Belafonte Family Foundation Inc
Nonprofit profile at a glance
- EIN
- 843047731
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2021
- Location
- New York, NY, USA
- Phone
- 9173971010
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $25,063
- Expenses
- $225,971
- Assets
- $377,531
- Liabilities
- $106,980
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DAVID BELAFONTE (PRESIDENT/EXEC DIRECTOR)
People named in this filing
- DAVID BELAFONTE (PRESIDENT/EXEC DIRECTOR)
- MALENA BELAFONTE (TREASURER)
- JOHN WUNDERLICH (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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. The belafonte family foundation offers progressive programming andresources 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.
What it reported doing in 2024
Bright road farms (brf) is a new type of urban indoor farming initiative that will grow and supply locally grown greens and herbs to residents, schools, and those in need in underserved communities, food deserts, and areas with food insecurity via a state-of-the-art training curriculum and mobile, vertical production farms. Belafonte family foundation is designing a distributed farming network in cooperation with freight farms, inc. To deliver access to fresh food and increased food supply, building a sustainable way for people to grow food year-round in any climate anywhere. The bright road container farm initiative allows us to provide the infrastructure, training, and support needed to be successful in these sustainable and scalable growing projects. In collaboration with the nyc mayor's office bff is developing an extensive vertical farming initiative for the public school system in nyc. In addition food for thought is an innovative "farm to city to table" therapeutic experience designed specifically for young adults. This program seamlessly integrates culinary expertise with emotional well-being, fostering community-supported agricultural practices, culinary experience, and the development of related skills and business acumen. An example of this program's versatility can be seen in our partnership with avenues for justice (nyc) where we are hosting a 7-week "food for thought" cooking workshop, offering a unique and therapeutic experience tailored to young adults, blending culinary skills with emotional well-being. Led by clinically licensed social worker judy rosch who is bringing together her experience and passion for cooking, the program will foster creativity and mindfulness allowing participants to express themselves while learning to prepare nutritious meals. Through the art of cooking, participants will build confidence, develop a sense of community, and learn valuable life skills while exploring ways to manage and balance their emotions. The act of preparing food becomes a powerful outlet for self-discovery and stress relief, making it an effective form of therapy that nourishes both the body, the mind and the soul. In addition to the workshop, weekly individual counseling is offered for every participant.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 93
- Sustainability: 20
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87%; rating input score 87
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -801.6%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 1.67; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 43.8%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -86.9% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 51.6% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 87% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $197K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.