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Nonprofiteer
← THE 77 FOUNDATION INC

Form 990 for tax year 2023

Filed by THE 77 FOUNDATION INC.

Totals

Total revenue
$321,397
Total expenses
$545,190
Contributions and grants received
$250,000
Grants paid
$0
Program service revenue
$0
Investment income
$1,038
Other revenue
$70,359
Total assets, end of year
$602,791
Total liabilities, end of year
$201,100
Net assets or fund balances, end of year
$401,691
Program services expenses (Part IX)
$260,981
Management and general expenses
$237,690
Fundraising expenses
$46,519
Program service expenses (Part III)
$260,981

Program services were 47.9% 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

    $250,000

  • 3 · Investment income

    total $1,038 · excluded $1,038

  • 11d · All other revenue

    total $70,359 · related or exempt $70,359

  • 11e · Other revenue, total

    $70,359

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $421,557 · program services $181,380 · management and general $200,017 · fundraising $40,160

  • 7 · Other salaries and wages

    total $35,753 · program services $15,382 · management and general $16,963 · fundraising $3,408

  • 10 · Payroll taxes

    total $30,980 · program services $13,329 · management and general $14,700 · fundraising $2,951

  • 11g · Fees: other

    total $50,890 · program services $50,890

  • 13 · Office expenses

    total $550 · management and general $550

  • 16 · Occupancy

    total $5,460 · management and general $5,460

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $694,618 · end of year $408,128

  • 2 · Savings and temporary cash investments

    beginning of year $193,691 · end of year $194,663

  • 17 · Accounts payable and accrued expenses

    beginning of year $262,825 · end of year $201,100

  • 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 $625,484 · end of year $401,691

Mission and programs · 2023

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 $260,981

As filed on the 2023 return.

Listed in Part VII

  • James M Kelly Jr

    CEO

    Total calculated
    $188,564
    From this org
    $188,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $188,564
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,564

  • Sharon Lee

    CFO

    Total calculated
    $188,564
    From this org
    $188,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $188,564
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,564

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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349307189

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