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← IRIE FOUNDATION INC

Form 990 for tax year 2023

Filed by IRIE FOUNDATION INC.

Totals

Total revenue
$325,505
Total expenses
$177,578
Contributions and grants received
$463,188
Grants paid
$38,268
Program service revenue
$0
Investment income
$0
Other revenue
-$137,683
Total assets, end of year
$648,432
Total liabilities, end of year
$235,611
Net assets or fund balances, end of year
$412,821
Program services expenses (Part IX)
$90,099
Management and general expenses
$45,479
Fundraising expenses
$42,000
Program service expenses (Part III)
$90,099

Program services were 50.7% 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.

  • 1a · Federated campaigns

    $2,000

  • 1c · Fundraising events

    $329,250

  • 1f · All other contributions, gifts and grants

    $131,938

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $329,250

  • 8b · Fundraising events: direct expenses

    $137,683

  • 8c · Net income from fundraising events

    total -$137,683 · excluded -$137,683

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,268 · program services $38,268

  • 11a · Fees: management

    total $105,250 · program services $21,250 · management and general $42,000 · fundraising $42,000

  • 11g · Fees: other

    total $9,058 · program services $9,058

  • 13 · Office expenses

    total $878 · management and general $878

  • 14 · Information technology

    total $2,109 · management and general $2,109

  • 17 · Travel

    total $21,523 · program services $21,523

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $492 · management and general $492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,794 · end of year $26,099

  • 3 · Pledges and grants receivable

    beginning of year $273,918 · end of year $622,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,818 · end of year $55,318

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $132,293

  • 23 · Secured mortgages and notes payable

    beginning of year $50,000 · end of year $48,000

  • 27 · Net assets without donor restrictions

    beginning of year $264,894 · end of year $412,821

Mission and programs · 2023

Mission

THE IRIE FOUNDATION SEEKS TO EMPOWER SOUTH FLORIDA'S AT-RISK YOUTH TO LEAD PRODUCTIVE LIVES THROUGH MENTORSHIP PROGRAMS, CULTURAL EXPERIENCES AND SCHOLARSHIP OPPORTUNITIES. BY FOLLOWING THE YOUNG PEOPLE IT SERVES FROM MIDDLE SCHOOL THROUGH HIGH SCHOOL, THE FOUNDATION'S ULTIMATE GOAL IS TO INSPIRE AND ENCOURAGE ITS STUDENTS TO GRADUATE HIGH SCHOOL, PURSUE HIGHER EDUCATION AND DEVELOP INTO SUCCESSFUL ADULTS.

Activities or mission (Part I)

THE IRIE FOUNDATION SEEKS TO EMPOWER SOUTH FLORIDA'S AT-RISK YOUTH TO LEAD PRODUCTIVE LIVES THROUGH MENTORSHIP PROGRAMS, CULTURAL EXPERIENCES AND SCHOLARSHIP OPPORTUNITIES

  • THE IRIE FOUNDATION WORKS DIRECTLY WITH BIG BROTHERS BIG SISTERS OF MIAMI TO OFFER GROUP ENGAGEMENT AND MENTORING AT THEIR HEADQUARTERS, THE CARNIVAL CENTER FOR EXCELLENCE. CAREFULLY DESIGNED ACTIVITIES IN MUSIC & ARTS FOLLOW A SET CURRICULUM EVIDENCED TO HAVE POSITIVE IMPACTS ON PROGRAM PARTICIPANTS. GEM SERVES AS A SAFE AND POSITIVE ENVIRONMENT.

    Expenses $90,099 · Grants $38,268

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter Gold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Felicia Quaning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ian Grocher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barry Kates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IRIE MUSIC CORP

    S · MUSIC PRODUCTION AND EVENT MANAGEMENT · FL

    Directly controlled by IAN GROCHER

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349321224

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