Skip to content
Nonprofiteer
← PLUS FOUNDATION

Form 990 for tax year 2023

Filed by PLUS FOUNDATION.

Totals

Total revenue
$345,149
Total expenses
$365,190
Contributions and grants received
$288,428
Grants paid
$97,110
Program service revenue
$57,445
Investment income
$16,581
Other revenue
-$17,305
Total assets, end of year
$1,353,613
Total liabilities, end of year
$113,378
Net assets or fund balances, end of year
$1,240,235
Program services expenses (Part IX)
$327,862
Management and general expenses
$37,328
Fundraising expenses
$0
Program service expenses (Part III)
$327,862

Program services were 89.8% 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

    $77,500

  • 1f · All other contributions, gifts and grants

    $210,928

  • 2a · Program service revenue: PROGRAMS

    total $57,445 · related or exempt $57,445

  • 3 · Investment income

    total $31,854 · excluded $31,854

  • 7a · Gross sales of assets other than inventory

    securities $128,843

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

    securities $144,116

  • 7c · Gain or loss

    securities -$15,273

  • 7d · Net gain or loss

    total -$15,273 · excluded -$15,273

  • 8a · Fundraising events: gross income

    $0

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

    $77,500

  • 8b · Fundraising events: direct expenses

    $23,305

  • 8c · Net income from fundraising events

    total -$23,305 · excluded -$23,305

  • 11a · Other revenue: OTHER REVENUE

    total $6,000 · related or exempt $6,000

  • 11e · Other revenue, total

    $6,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,890 · program services $85,890

  • 2 · Grants to domestic individuals

    total $11,220 · program services $11,220

  • 11b · Fees: legal

    total $2,208 · management and general $2,208

  • 11f · Fees: investment management

    total $8,276 · management and general $8,276

  • 11g · Fees: other

    total $13,553 · program services $13,553

  • 13 · Office expenses

    total $5,701 · management and general $5,701

  • 14 · Information technology

    total $6,315 · management and general $6,315

  • 17 · Travel

    total $3,850 · program services $1,378 · management and general $2,472

  • 19 · Conferences, conventions and meetings

    total $6,456 · management and general $6,456

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

    total $148,771 · program services $148,771

  • 24b · Other expenses: DIVERSITY & MENTORING P

    total $65,801 · program services $65,801

  • 24c · Other expenses: UNCOLLECTIBLE PLEDGES

    total $4,500 · management and general $4,500

  • 24d · Other expenses: SCHOLARSHIP PROGRAM ADM

    total $1,400 · management and general $1,400

  • 24e · All other expenses

    total $1,249 · program services $1,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,869 · end of year $62,260

  • 2 · Savings and temporary cash investments

    beginning of year $24,395 · end of year $125,976

  • 3 · Pledges and grants receivable

    beginning of year $12,000 · end of year $16,500

  • 4 · Accounts receivable

    beginning of year $430 · end of year $4,154

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,857 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,073,998 · end of year $1,144,723

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,274 · end of year $99,878

  • 18 · Grants payable

    beginning of year $24,000 · end of year $0

  • 19 · Deferred revenue

    end of year $13,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,122,073 · end of year $1,227,669

  • 28 · Net assets with donor restrictions

    beginning of year $24,202 · end of year $12,566

Mission and programs · 2023

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 $25,000 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 THROUGHOUT THEIR LOCAL COMMUNITIES.CONFERENCE CAUSE: THE PLUS FOUNDATION BOARD OF DIRECTORS APPROVED A $55,000 BASE GRANT, AND $11,800 IN DONATIONS WERE COLLECTED FROM 70 INDIVIDUALS, FOR A TOTAL CONFERENCE CAUSE GIFT OF $66,800, $33,400 EACH, TO LAS VEGAS CHARITIES, DRESS FOR SUCCESS OF SOUTHERN NEVADA AND B.E. A S.H.E.R.O. B.E. A S.H.E.R.O. FOUNDATION OFFERS SOLUTIONS AND SUPPORT FOR GIRLS IN VULNERABLE SITUATIONS WHO HAVE BEEN ABUSED, ABANDONED AND EXPLOITED. LAS VEGAS RANKS #1 IN THE NATION (PER CAPITA) FOR TRAFFICKING OF MINORS. THE MEDIAN AGE OF AN EXPLOITED CHILD IS 12 YEARS OLD. SOCIAL MEDIA & GAMING PLATFORMS ARE THE #1 RECRUITMENT TOOL. IT ONLY TAKES 30 MINUTES FOR A PREDATOR TO TURN A CHILD INTO A VICTIM. DRESS FOR SUCCESS EMPOWERS WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVIDING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE, AND THE DEVELOPMENT TOOLS TO HELP WOMEN THRIVE IN WORK AND IN LIFE. POVERTY AFFECTS WOMEN THE MOST DEEPLY, AND ITS EFFECTS ON THEM AND THEIR FAMILIES CAN BE EVER-LASTING. THEREFORE, ADDRESSING WOMEN'S EMPLOYMENT POTENTIAL IS CENTRAL TO IMPROVING THE QUALITY OF LIFE FOR EACH WOMAN AS WELL AS HER FAMILY, FUTURE GENERATIONS, AND HER COMMUNITY.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 2023, 587 WOMEN AND MEN ATTENDED 8 REGIONAL EVENTS; 363 PEOPLE ATTENDED THE WLN/FOUNDATION LUNCHEON AT THE PLUS CONFERENCE IN LAS VEGAS. ADDITIONALLY, ONE WOMAN RECEIVED A $5,000 SCHOLARSHIP TO PURSUE LEADERSHIP EDUCATION.LEADERSHIP & MENTORING PROGRAM (LAMP): IN 2023 TWELVE 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.

    Expenses $327,862 · Grants $97,110 · Revenue $63,445

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

Listed in Part VII

  • Steven Hanke

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michelle Klein

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jahan Cedenio

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Rob Crocitto

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nancy Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Aneisha Goldsmith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Justin Psaki

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jaimie Hunter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Clare McCarrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alex Muralles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Odrobina

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sarah Goldstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bhuma Patel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Stephens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robbie Thompson

    EXECUTIVE DIRECTOR, PLUS

    Total calculated
    $322,685
    From this org
    $0
    From related orgs
    $288,781
    Other
    $33,904
    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 + $33,904 related
    Filer's total
    $0 + $322,685 related

  • Glenda C Swan

    EXEC.DIR, PLUS FOUNDATION

    Total calculated
    $126,007
    From this org
    $0
    From related orgs
    $110,495
    Other
    $15,512
    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. 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 ESTABLISHED BY PLUS.

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
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202431369349318623

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.