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← PLUS FOUNDATION

Form 990 for tax year 2022

Filed by PLUS FOUNDATION.

Totals

Total revenue
$261,942
Total expenses
$315,173
Contributions and grants received
$249,496
Grants paid
$120,366
Program service revenue
$33,200
Investment income
-$819
Other revenue
-$19,935
Total assets, end of year
$1,180,549
Total liabilities, end of year
$34,274
Net assets or fund balances, end of year
$1,146,275
Program services expenses (Part IX)
$285,657
Management and general expenses
$29,516
Fundraising expenses
$0
Program service expenses (Part III)
$285,657

Program services were 90.6% 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.

  • 1c · Fundraising events

    $75,550

  • 1e · Government grants (contributions)

    $9,500

  • 1f · All other contributions, gifts and grants

    $164,446

  • 2a · Program service revenue: PROGRAMS

    total $33,200 · related or exempt $33,200

  • 3 · Investment income

    total $29,382 · excluded $29,382

  • 7a · Gross sales of assets other than inventory

    securities $95,580

  • 7b · Less cost or other basis and sales expenses

    securities $125,781

  • 7c · Gain or loss

    securities -$30,201

  • 7d · Net gain or loss

    total -$30,201 · excluded -$30,201

  • 8a · Fundraising events: gross income

    $0

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

    $75,550

  • 8b · Fundraising events: direct expenses

    $19,935

  • 8c · Net income from fundraising events

    total -$19,935 · excluded -$19,935

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $101,366 · program services $101,366

  • 2 · Grants to domestic individuals

    total $19,000 · program services $19,000

  • 11f · Fees: investment management

    total $8,476 · management and general $8,476

  • 11g · Fees: other

    total $26,183 · program services $26,183

  • 13 · Office expenses

    total $4,355 · management and general $4,355

  • 14 · Information technology

    total $5,544 · management and general $5,544

  • 17 · Travel

    total $31,301 · program services $26,794 · management and general $4,507

  • 19 · Conferences, conventions and meetings

    total $15,589 · program services $8,955 · management and general $6,634

  • 24a · Other expenses: WOMEN'S LEADERSHIP PROG

    total $103,359 · program services $103,359

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,591 · end of year $62,869

  • 2 · Savings and temporary cash investments

    beginning of year $78,889 · end of year $24,395

  • 3 · Pledges and grants receivable

    beginning of year $26,000 · end of year $12,000

  • 4 · Accounts receivable

    beginning of year $12,500 · end of year $430

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,715 · end of year $6,857

  • 11 · Investments: publicly traded securities

    beginning of year $1,261,450 · end of year $1,073,998

  • 17 · Accounts payable and accrued expenses

    beginning of year $809 · end of year $10,274

  • 18 · Grants payable

    beginning of year $69,000 · end of year $24,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,372,205 · end of year $1,122,073

  • 28 · Net assets with donor restrictions

    beginning of year $14,131 · end of year $24,202

Mission and programs · 2022

Mission

THE PLUS FOUNDATION SUPPORTS TOMORROW'S DIVERSE PROFESSIONAL LIABILITY WORKFORCE THROUGH OUTREACH, EDUCATION, MENTORING AND GIVING BACK.

Activities or mission (Part I)

PROFESSIONAL LIABILITY INDUSTRY PHILANTHROPY,WOMEN'S LEADERSHIP,WORKPLACE DIVERSITY & OTHER CHARITABLE CAUSES

  • CHAPTER ALLY GRANTS: EIGHT PLUS CHAPTERS WERE AWARDED A TOTAL OF $32,500 IN ALLY GRANTS TO SUPPORT LOCAL CHARITIES THAT ADDRESS THE NEEDS OF THOSE WHO FACE OBSTACLES TO SECURING A JOB OR ADVANCING IN THEIR CAREER.CONFERENCE CAUSE: ZERO8HUNDRED, A SAN DIEGO NON-PROFIT THAT PROVIDES EDUCATION, SUPPORT, RETRAINING AND JOB PLACEMENT SERVICES WAS AWARDED $67,900. THE FOUNDATION COORDINATED A FUNDRAISING EFFORT AND VOLUNTEER INITIATIVE ON THE MILITARY BASE THAT ENGAGED 45 PLUS MEMBERS IN PACKING 500 CARE KITS OF ESSENTIAL ITEMS THAT WERE THEN DISTRIBUTED TO DEPLOYING TROOPS AND HOMELESS VETERANS.WOMEN'S LEADERSHIP NETWORK: CREATES OPPORTUNITIES FOR WOMEN TO NETWORK, IMPROVE THEIR PROFESSIONAL SKILLS, AND LEARN FROM THE EXPERIENCE OF OTHER ACCOMPLISHED FEMALE LEADERS. IN 2022, 432 WOMEN AND MEN ATTENDED 5 REGIONAL EVENTS; ABOUT 500 PEOPLE ATTENDED THE WLN LUNCHEON AT THE PLUS CONFERENCE IN SAN DIEGO. ADDITIONALLY, TWO WOMEN RECEIVED $5,000 SCHOLARSHIPS TO PURSUE LEADERSHIP EDUCATION AND WERE MATCHED WITH A MENTOR FOR 1 YEAR.LEADERSHIP & MENTORING PROGRAM (LAMP): IN 2022 NINE INDIVIDUALS PARTICIPATED IN THIS YEAR-LONG PROGRAM THAT PROVIDES EDUCATION, ONE-ON-ONE MENTORING, ATTENDANCE AT CONFERENCE AND SYMPOSIUM, AND ACCESS TO PLUS LEADERSHIP. 77 INDIVIDUALS HAVE GRADUATED FROM THIS PROGRAM SINCE 2016. IN 2022 4 COLLEGE STUDENTS WERE ALSO HOSTED BY LAMP TO ATTEND THE 3-DAY PLUS CONFERENCE.

    Expenses $285,657 · Grants $120,366 · Revenue $33,200

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Auslander

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Allison Barrett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rob Crocitto

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Braden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Steven Hanke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lynn Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kymberly Hadzick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Klein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jeremy S Salzman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jahan Cedenio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Goldstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bhuma Patel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Robbie Thompson

    EXECUTIVE DIRECTOR, PLUS

    Total calculated
    $321,676
    From this org
    $0
    From related orgs
    $288,781
    Other
    $32,895
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,114 related
    Bonus
    $0 + $37,667 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $32,895 related
    Filer's total
    $0 + $321,676 related

  • Glenda C Swan

    EXEC.DIR, PLUS FOUNDATION

    Total calculated
    $106,106
    From this org
    $0
    From related orgs
    $90,949
    Other
    $15,157
    Hours/week
    10 + 30 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR OF THE FOUNDATION IS AN EMPLOYEE OF PROFESSIONAL LIABILITY UNDERWRITING SOCIETY (PLUS), A RELATED ORGANIZATION, THEREFORE HIS/HER COMPENSATION IS SET BY THE PLUS EXECUTIVE DIRECTOR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202311359349310051

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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