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← LOUIS HERNANDEZ JRS FOUNDATION FOR A BRIGHT FUTURE INC

Form 990 for tax year 2024

Filed by LOUIS HERNANDEZ JRS FOUNDATION FOR A BRIGHT FUTURE INC.

Totals

Total revenue
$412,633
Total expenses
$390,018
Contributions and grants received
$446,764
Grants paid
$82,830
Program service revenue
$0
Investment income
$112
Other revenue
-$34,243
Total assets, end of year
$107,383
Total liabilities, end of year
$59,543
Net assets or fund balances, end of year
$47,840
Program services expenses (Part IX)
$82,830
Management and general expenses
$307,188
Fundraising expenses
$0
Program service expenses (Part III)
$82,830

Program services were 21.2% 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

    $43,131

  • 1f · All other contributions, gifts and grants

    $403,633

  • 1g · Noncash contributions included above

    $25,498

  • 3 · Investment income

    total $112 · excluded $112

  • 8a · Fundraising events: gross income

    $0

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

    $43,131

  • 8b · Fundraising events: direct expenses

    $34,243

  • 8c · Net income from fundraising events

    total -$34,243 · excluded -$34,243

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,300 · program services $32,300

  • 2 · Grants to domestic individuals

    total $40,000 · program services $40,000

  • 3 · Grants to foreign organizations and individuals

    total $10,530 · program services $10,530

  • 7 · Other salaries and wages

    total $112,303 · management and general $112,303

  • 9 · Other employee benefits

    total $21,718 · management and general $21,718

  • 10 · Payroll taxes

    total $8,817 · management and general $8,817

  • 11a · Fees: management

    total $88,144 · management and general $88,144

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 11g · Fees: other

    total $11,219 · management and general $11,219

  • 12 · Advertising and promotion

    total $13,665 · management and general $13,665

  • 13 · Office expenses

    total $19,088 · management and general $19,088

  • 14 · Information technology

    total $3,509 · management and general $3,509

  • 17 · Travel

    total $7,363 · management and general $7,363

  • 19 · Conferences, conventions and meetings

    total $1,065 · management and general $1,065

  • 22 · Depreciation, depletion and amortization

    total $17,297 · management and general $17,297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,207 · end of year $94,038

  • 3 · Pledges and grants receivable

    beginning of year $5 · end of year $5

  • 9 · Prepaid expenses and deferred charges

    beginning of year $405 · end of year $0

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

    $56,935

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

    $43,595

  • 10c · Land, buildings and equipment, net

    beginning of year $29,439 · end of year $13,340

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,009 · end of year $19,496

  • 18 · Grants payable

    beginning of year $50,301 · end of year $40,047

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$254 · end of year $47,840

Mission and programs · 2024

Mission

LOUIS HERNANDEZ JR.'S FOUNDATION FOR A BRIGHT FUTURE IS A 501(C)3 NOT-FOR-PROFIT ORGANIZATION DEDICATED TO SUPPORTING THE NEEDS OF UNDERREPRESENTED AND UNDERPRIVILEGED CHILDREN THROUGH EDUCATION, HEALTHCARE, THE ARTS, AND YOUTH LEADERSHIP DEVELOPMENT. OUR INITIATIVES PROVIDE EQUAL OPPORTUNITY FOR ALL CHILDREN TO HAVE THE TOOLS AND OPPORTUNITIES TO FULFILL THEIR LIFE GOALS AND BECOME CONSTRUCTIVE MEMBERS OF OUR GLOBAL COMMUNITY.

Activities or mission (Part I)

TO SUPPORT THE NEEDS OF UNDERREPRESENTED AND UNDERPRIVILEGED CHILDREN THROUGH HEALTH, EDUCATION, YOUTH LEADERSHIP AND THE POWER OF STORYTELLING.

  • TO PROVIDE SUPPORT TO CHILDREN AND STUDENTS THROUGH HEALTH, EDUCATION, YOUTH LEADERSHIP, AND STORYTELLING.

    Expenses $82,830 · Grants $82,830

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Louis Hernandez Jr

    CHAIRMAN OF THE BOARD, FOU

    Total calculated
    $0
    Hours/week
    2

  • Emma Lerew

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

  • JOE DIMAGGIO CHILDREN'S HOSPITAL FOUNDATION

    $20,000

    GENERAL SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202511359349303781

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