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Nonprofiteer
← THE 77 FOUNDATION INC

Form 990 for tax year 2024

Filed by THE 77 FOUNDATION INC.

Totals

Total revenue
$155,983
Total expenses
$562,252
Contributions and grants received
$155,000
Grants paid
$6,000
Program service revenue
$0
Investment income
$983
Other revenue
$0
Total assets, end of year
$5,067
Total liabilities, end of year
$9,645
Net assets or fund balances, end of year
-$4,578
Program services expenses (Part IX)
$375,268
Management and general expenses
$159,204
Fundraising expenses
$27,780
Program service expenses (Part III)
$375,268

Program services were 66.7% 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.

  • 1f · All other contributions, gifts and grants

    $155,000

  • 3 · Investment income

    total $983 · excluded $983

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,000 · program services $6,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $270,454 · program services $116,366 · management and general $128,323 · fundraising $25,765

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $21,159 · program services $9,104 · management and general $10,040 · fundraising $2,015

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $13,662 · management and general $13,662

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $104,048 · program services $104,048

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $696 · management and general $696

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $6,088 · management and general $6,088

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $395 · management and general $395

  • 24a · Other expenses: PROGRAM DEVELOPMENT

    total $139,750 · program services $139,750

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $408,128 · end of year $4,463

  • 2 · Savings and temporary cash investments

    beginning of year $194,663 · end of year $604

  • 17 · Accounts payable and accrued expenses

    beginning of year $201,100 · end of year $9,645

  • 31 · Retained earnings, endowment or other funds

    beginning of year $401,691 · end of year -$4,578

Mission and programs · 2024

Mission

TO PROVIDE SOCIAL FINANCIAL ASSISTANCE TO SURVIVORS CHILDREN OF FIRST RESPONDERS.

Activities or mission (Part I)

THE 77 FOUNDATION MISSION IS TO PROVIDE SOCIAL FINANCIAL ASSISTANCE TO SURVIVORS CHILDREN OF FIRST RESPONDERS.

  • GRANT ASSISTANCE FOR FIRST RESPONDERS SURVIVORS. EDUCATIONAL THE FOUNDATION OFFER FINANCIAL ASSISTANCE TO LOCAL SCHOOLS FOR AUXILIARY PROGRAMS FOR FIRST RESPONDERS KIDS. ALSO WE ARE BUILDING A CAMP AND PARTNERING UP WITH OTHER FOUNDATION TO PROVIDE FINANCIAL ASSISTANCE AND SOCIAL ASSISTANCE FOR THEIR NEEDS.

    Expenses $375,268 · Grants $6,000

As filed on the 2024 return.

Listed in Part VII

  • James M Kelly Jr

    CEO

    Total calculated
    $135,227
    From this org
    $135,227
    From related orgs
    $0
    Other
    $0
    Hours/week
    32
  • Sharon Lee

    CFO

    Total calculated
    $135,227
    From this org
    $135,227
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

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
2024
Filed
18 November 2025
IRS schema version
2024v5.2
Source object
202513229349301956

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

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