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Nonprofiteer
← THINKWATTS FOUNDATION

Form 990 for tax year 2023

Filed by THINKWATTS FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 16 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$871,160 changed to $1,066,397
Total expenses
$1,001,900 changed to $1,017,684
Contributions and grants received
$871,160 changed to $1,066,397
Total assets, end of year
$320,946 changed to $500,399
Net assets or fund balances, end of year
$320,946 changed to $500,399
Program services expenses
$513,890 changed to $517,492
Management and general expenses
$488,010 changed to $500,192
Program service expenses (Part III)
$513,890 changed to $517,492

Listed only on the later return

  • EMADA TINGIRIDES
  • KEENAN TOWNS
  • LEANDRO TYBERG

Totals

Total revenue
$1,066,397
Total expenses
$1,017,684
Contributions and grants received
$1,066,397
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$500,399
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$500,399
Program services expenses (Part IX)
$517,492
Management and general expenses
$500,192
Fundraising expenses
$0
Program service expenses (Part III)
$517,492

Program services were 50.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,066,397

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $263,002 · management and general $263,002

  • 7 · Other salaries and wages

    total $73,200 · management and general $73,200

  • 10 · Payroll taxes

    total $12,755 · management and general $12,755

  • 11c · Fees: accounting

    total $18,000 · management and general $18,000

  • 13 · Office expenses

    total $83,998 · management and general $83,998

  • 17 · Travel

    total $95,213 · program services $95,213

  • 22 · Depreciation, depletion and amortization

    total $22,574 · management and general $22,574

  • 23 · Insurance

    total $5,145 · management and general $5,145

  • 24a · Other expenses: EVENT EXPENSES

    total $361,203 · program services $361,203

  • 24b · Other expenses: FOOD DRIVE EXPENSES

    total $34,434 · program services $34,434

  • 24c · Other expenses: BUSINESS BUILDIERS

    total $16,500 · program services $16,500

  • 24d · Other expenses: AUTO EXPENSES

    total $16,207 · management and general $16,207

  • 24e · All other expenses

    total $15,453 · program services $10,142 · management and general $5,311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $436,970 · end of year $451,269

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,716 · end of year $33,411

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

    $38,293

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

    $22,574

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $15,719

  • 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 $451,686 · end of year $500,399

Mission and programs · 2023

Mission

THE PRIMARY FOCUS ON COMMUNITY GRASSROOTS ACTIVATIONS ALONG WITH DEVELOPING FINANCIAL LITERACY PROGRAMS, PROGRAM DEVELOPMENT, LOCAL REFURBISHMENTS, TOOLS, EQUIPMENT, AND SUPPLIES FOR STUDENTS, CUSTOM CONTAINER HOUSING SOLUTIONS, AND CHARITABLE FUNDRAISING THROUGH ENTERTAINMENT INDUSTRY EFFORTS.

  • WE PROVIDE LOCAL REFURBISHMENTS, TOOLS, EQUIPMENT, AND SUPPLIES FOR STUDENTS. WHILE ALSO PROVIDING FOOD THROUGH FOOD DRIVES.

    Expenses $517,492

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

Listed in Part VII

  • BRANDON SALAAM-BAILEY

    CEO AND CORPORATE SECRETAR

    Total calculated
    $203,089
    From this org
    $203,089
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,000
    Bonus
    $0
    Other
    $35,089
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $203,089

  • FELICIA USHER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KEENAN TOWNS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LEANDRO TYBERG

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • EMADA TINGIRIDES

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

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

  • 2 · Substantiation required before reimbursing expenses

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
6 November 2025
IRS schema version
2023v6.0
Source object
202523159349306822

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