Totals
- Total revenue
- $4,762
- Total expenses
- $294,390
- Contributions and grants received
- $4,756
- Grants paid
- $275,000
- Program service revenue
- $0
- Investment income
- $6
- Other revenue
- $0
- Total assets, end of year
- $25,316
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $25,316
- Program services expenses (Part IX)
- $280,594
- Management and general expenses
- $13,796
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $280,594
Program services were 95.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$4,756
-
3 · Investment income
total $6 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $275,000 · program services $275,000
-
11a · Fees: management
total $13,496 · program services $0 · management and general $13,496 · fundraising $0
-
24a · Other expenses: SPECIAL EVENTS
total $5,594 · program services $5,594 · management and general $0 · fundraising $0
-
24b · Other expenses: BANK FEES
total $50 · program services $0 · management and general $50 · fundraising $0
-
24c · Other expenses: STATE FILING FEES
total $250 · program services $0 · management and general $250 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $314,943 · end of year $25,316
-
27 · Net assets without donor restrictions
beginning of year $314,943 · end of year $25,316
Mission and programs · 2023
Mission
FOUNDATIONS OBJECTIVE IS TO PROVIDE DISADVANTAGED YOUTH WITH THE TOOLS AND SKILLS NECESSARY TO COMPETE AND SUCCEED THROUGH TEACHING & PROMOTE LEARNING
-
THROUGH SPECIAL EVENTS, THE ORGANIZATION HAS DISTRIBUTED FUNDS TO CHARITIES IN NEED,WITH AN EMPHASIS ON CHARITABLE ORGANIZATIONS IN COMMUNITIES WHERE CHARITABLE FUNDING IS SCARCE.
Expenses $280,594 · Revenue $4,756
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
E Macey RussellE MACEY RUSSELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
John P Santos IIIJOHN P SANTOS III
TREASURER/CLERK
- Total calculated
- $0
- Hours/week
- 0
-
Anthony E VenturosoANTHONY E VENTUROSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Michael G SaeghMICHAEL G SAEGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Stephen BrackettSTEPHEN BRACKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dwight F RobinsonDWIGHT F ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Chauncey C MayfieldCHAUNCEY C MAYFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422999349300107
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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