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Nonprofiteer
← INTERO FOUNDATION

Form 990 for tax year 2023

Filed by INTERO FOUNDATION.

Totals

Total revenue
$325,285
Total expenses
$349,378
Contributions and grants received
$318,539
Grants paid
$310,000
Program service revenue
$0
Investment income
$6,746
Other revenue
$0
Total assets, end of year
$1,944,609
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,944,609
Program services expenses (Part IX)
$310,000
Management and general expenses
$31,263
Fundraising expenses
$8,115
Program service expenses (Part III)
$310,000

Program services were 88.7% 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.

  • 1c · Fundraising events

    $20,481

  • 1f · All other contributions, gifts and grants

    $298,058

  • 1g · Noncash contributions included above

    $331

  • 3 · Investment income

    total $37,567 · unrelated business $0 · excluded $37,567

  • 7a · Gross sales of assets other than inventory

    securities $634,094

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

    securities $664,915

  • 7c · Gain or loss

    securities -$30,821

  • 7d · Net gain or loss

    total -$30,821 · related or exempt $0 · unrelated business $0 · excluded -$30,821

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

    $20,481

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $310,000 · program services $310,000

  • 11c · Fees: accounting

    total $25,950 · program services $0 · management and general $25,950 · fundraising $0

  • 11f · Fees: investment management

    total $5,313 · program services $0 · management and general $5,313 · fundraising $0

  • 24a · Other expenses: OUTSIDE SERVICES

    total $4,857 · program services $0 · management and general $0 · fundraising $4,857

  • 24b · Other expenses: BANK CHARGES

    total $1,278 · program services $0 · management and general $0 · fundraising $1,278

  • 24c · Other expenses: OTHER ADMIN EXPENSES

    total $1,980 · program services $0 · management and general $0 · fundraising $1,980

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,324 · end of year $236,045

  • 2 · Savings and temporary cash investments

    beginning of year $7,749 · end of year $7,788

  • 11 · Investments: publicly traded securities

    beginning of year $1,622,629 · end of year $1,700,776

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,968,702 · end of year $1,944,609

Mission and programs · 2023

Mission

Our mission is to positively impact the growth and well-being of children in the communities we serve. To do so, we raise and donate money to local organizations that focus on supporting and assisting children with education, health, and personal development.

  • INTERO FOUNDATION SEEKS TO POSITIVELY IMPACT THE WELL-BEING OF CHILDREN IN THE COMMUNITIES WE SERVE BY PROVIDING MONETARY SUPPORT TO OTHER LOCALLY BASED CHARITABLE ORGANIZATIONS.

    Expenses $310,000 · Grants $310,000

As filed on the 2023 return.

Listed in Part VII

  • Brian Crane

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • John Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vicki Ferrando

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephani Hicks

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cecilia Crisotomo

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ana Maria Russo

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kraig Constantino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heather Wang

    BOARD MEMBER

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
8 August 2024
IRS schema version
2023v5.1
Source object
202442229349300629

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

The source document this was parsed from is served over the API, which is where bulk and document access live.