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← FOUNDATION FOR TOMORROW

Form 990 for tax year 2023

Filed by FOUNDATION FOR TOMORROW.

Totals

Total revenue
$1,256,347
Total expenses
$1,283,307
Contributions and grants received
$1,206,720
Grants paid
$956,754
Program service revenue
$0
Investment income
$39
Other revenue
$49,588
Total assets, end of year
$158,521
Total liabilities, end of year
$149,745
Net assets or fund balances, end of year
$8,776
Program services expenses (Part IX)
$1,142,404
Management and general expenses
$88,280
Fundraising expenses
$52,623
Program service expenses (Part III)
$1,142,404

Program services were 89.0% 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

    $141,812

  • 1f · All other contributions, gifts and grants

    $1,064,908

  • 3 · Investment income

    total $39 · excluded $39

  • 8a · Fundraising events: gross income

    $41,400

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

    $141,812

  • 8b · Fundraising events: direct expenses

    $72,662

  • 8c · Net income from fundraising events

    total -$31,262 · excluded -$31,262

  • 9a · Gaming: gross income

    $81,950

  • 9b · Gaming: direct expenses

    $1,100

  • 9c · Net income from gaming

    total $80,850 · excluded $80,850

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,888 · program services $16,888

  • 3 · Grants to foreign organizations and individuals

    total $939,866 · program services $939,866

  • 5 · Compensation of officers, directors and key employees

    total $92,042 · program services $67,467 · management and general $18,408 · fundraising $6,167

  • 7 · Other salaries and wages

    total $70,483 · program services $39,890 · management and general $6,659 · fundraising $23,934

  • 9 · Other employee benefits

    total $8,717 · program services $5,925 · management and general $1,185 · fundraising $1,607

  • 10 · Payroll taxes

    total $13,298 · program services $9,040 · management and general $1,807 · fundraising $2,451

  • 11c · Fees: accounting

    total $16,150 · management and general $16,150

  • 11g · Fees: other

    total $20,478 · program services $19,956 · management and general $222 · fundraising $300

  • 13 · Office expenses

    total $38,071 · program services $4,841 · management and general $31,991 · fundraising $1,239

  • 14 · Information technology

    total $3,858 · program services $2,623 · management and general $524 · fundraising $711

  • 16 · Occupancy

    total $8,479 · program services $5,764 · management and general $1,152 · fundraising $1,563

  • 17 · Travel

    total $23,360 · program services $20,898 · management and general $158 · fundraising $2,304

  • 19 · Conferences, conventions and meetings

    total $15,442 · program services $4,162 · management and general $96 · fundraising $11,184

  • 20 · Interest

    total $8,242 · management and general $8,242

  • 22 · Depreciation, depletion and amortization

    total $2,700 · program services $1,760 · management and general $384 · fundraising $556

  • 23 · Insurance

    total $4,145 · program services $2,236 · management and general $1,302 · fundraising $607

  • 24a · Other expenses: GOVERNEMENT FEES

    total $908 · program services $908

  • 24b · Other expenses: OTHER

    total $180 · program services $180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,292 · end of year $80,569

  • 2 · Savings and temporary cash investments

    beginning of year $3,630 · end of year $293

  • 3 · Pledges and grants receivable

    beginning of year $73,257 · end of year $49,131

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,588 · end of year $3,797

  • 10a · Land, buildings and equipment: cost or other basis

    $8,745

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,612

  • 10c · Land, buildings and equipment, net

    beginning of year $6,865 · end of year $5,133

  • 15 · Other assets

    end of year $19,598

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,867

  • 22 · Loans and payables to officers and key people

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

  • 24 · Unsecured notes and loans payable

    beginning of year $100,000 · end of year $80,000

  • 25 · Other liabilities

    end of year $19,745

  • 27 · Net assets without donor restrictions

    beginning of year $10,583 · end of year $8,776

  • 28 · Net assets with donor restrictions

    beginning of year $25,182

Mission and programs · 2023

Mission

THE FOUNDATION FOR TOMORROWS MISSION IS TO SECURE QUALITY EDUCATION AND EMOTIONAL SUPPORT FOR ORPHAN AND VULNERABLE CHILDREN SO THAT THEY MAY REACH THEIR FULL POTENTIAL AND THRIVE IN THEIR COMMUNITIES.

  • SCHOLARSHIP PROGRAM TFFT'S SCHOLARSHIP PROGRAM SET OUT TO HARNESS A HOPEFUL TRAJECTORY FOR TANZANIA'S YOUNGEST. IN 2024, WE HAVE SUPPORTED 98 CHILDREN WITH EDUCATIONAL SCHOLARSHIPS. TO DATE WE DIRECTLY TRAINED OVER 4,500 TEACHERS, IMPACTING APPROXIMATELY 270,000 STUDENTS IN CLASSROOMS ACROSS TANZANIA. TFFT WITNESSES SCHOLARS FLOURISHING ACADEMICALLY, MENTALLY, AND SOCIALLY. IN OUR VIEW, SUCCESS ISN'T ONE SET OUTCOME, BUT RATHER THE GROWTH OF A SCHOLAR INTO AN EDUCATIONALLY WELL-EQUIPPED, PHYSICALLY AND MENTALLY HEALTHY, AND PRODUCTIVE MEMBER OF SOCIETY. (CONTINUED ON SCHEDULE O)

    Expenses $1,142,404 · Grants $956,754

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

Listed in Part VII

  • Falconer Robbins Warren

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tim Walter

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Beth Watson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lauren Bolshakov

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Denise McFadden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly McCrystal Term Ended

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Meghann Gunderman Sehorn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Inyang Ebong-Harstrup PhD-Former

    EXECUTIVE DI

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Miller Bianucci

    EXECUTIVE DI

    Total calculated
    $79,542
    From this org
    $79,542
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
29 August 2024
IRS schema version
2023v5.0
Source object
202442429349300134

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