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Nonprofiteer
← RESOURCE FOUNDATION INC

Form 990 for tax year 2023

Filed by RESOURCE FOUNDATION INC.

Totals

Total revenue
$2,811,462
Total expenses
$2,642,636
Contributions and grants received
$2,809,936
Grants paid
$2,196,116
Program service revenue
$0
Investment income
$1,526
Other revenue
$0
Total assets, end of year
$1,371,433
Total liabilities, end of year
$174,219
Net assets or fund balances, end of year
$1,197,214
Program services expenses (Part IX)
$2,340,826
Management and general expenses
$199,027
Fundraising expenses
$102,783
Program service expenses (Part III)
$2,340,826

Program services were 88.6% 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.

  • 1b · Membership dues

    $1,775

  • 1f · All other contributions, gifts and grants

    $2,808,161

  • 1g · Noncash contributions included above

    $612,697

  • 3 · Investment income

    total $1,526 · excluded $1,526

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $2,196,116 · program services $2,196,116

  • 5 · Compensation of officers, directors and key employees

    total $74,933 · program services $14,987 · management and general $29,973 · fundraising $29,973

  • 7 · Other salaries and wages

    total $139,275 · program services $83,549 · management and general $17,153 · fundraising $38,573

  • 9 · Other employee benefits

    total $26,273 · program services $12,085 · management and general $5,780 · fundraising $8,408

  • 10 · Payroll taxes

    total $17,919 · program services $8,243 · management and general $3,942 · fundraising $5,734

  • 11b · Fees: legal

    total $2,138 · management and general $2,138

  • 11c · Fees: accounting

    total $27,825 · management and general $27,825

  • 11g · Fees: other

    total $77,402 · management and general $77,402

  • 12 · Advertising and promotion

    total $2,116 · fundraising $2,116

  • 13 · Office expenses

    total $6,552 · program services $593 · management and general $5,547 · fundraising $412

  • 14 · Information technology

    total $44,669 · program services $20,548 · management and general $9,827 · fundraising $14,294

  • 17 · Travel

    total $3,976 · program services $1,829 · management and general $875 · fundraising $1,272

  • 22 · Depreciation, depletion and amortization

    total $602 · program services $277 · management and general $132 · fundraising $193

  • 23 · Insurance

    total $17,190 · management and general $17,190

  • 24e · All other expenses

    total $5,650 · program services $2,599 · management and general $1,243 · fundraising $1,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,442,002 · end of year $948,988

  • 2 · Savings and temporary cash investments

    beginning of year $23,275 · end of year $38,843

  • 3 · Pledges and grants receivable

    beginning of year $20,500 · end of year $273,250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,339 · end of year $9,282

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

    $330,414

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

    $328,806

  • 10c · Land, buildings and equipment, net

    beginning of year $448 · end of year $1,608

  • 11 · Investments: publicly traded securities

    beginning of year $79,178 · end of year $99,462

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,707 · end of year $99,219

  • 18 · Grants payable

    beginning of year $426,972 · end of year $75,000

  • 27 · Net assets without donor restrictions

    beginning of year -$260,433 · end of year -$163,668

  • 28 · Net assets with donor restrictions

    beginning of year $1,269,496 · end of year $1,360,882

Mission and programs · 2023

Mission

THE RESOURCE FOUNDATION IS A LEADER IN PHILANTHROPIC GIVING TO LATIN AMERICA, THE CARIBBEAN, AND CANADA. IT PARTNERS WITH CORPORATE, FOUNDATION AND INDIVIDUAL DONORS, AND EXPERIENCED NON-GOVERNMENTAL ORGANIZATIONS IN 29 COUNTRIES TO INCREASE OPPORTUNITIES AND IMPROVE LIVING STANDARDS FOR THE REGION'S DISADVANTAGED

Activities or mission (Part I)

TO BE A LEADER IN PHILANTHROPIC GIVING TO THE AMERICAS & THE CARIBBEAN , AND TO INCREASE OPPORTUNITIES & IMPROVE LIVING STANDARDS FOR THE REGION'S DISADVANTAGED.

  • PROVIDE REPRESENTATION, NETWORKING , TRAINING , TECHNICAL ASSISTANCE AND FUNDRAISING TO NON-PROFIT DEVELOPMENT ORGANIZATIONS ACROSS THE AMERICAS, THE CARIBBEAN THAT IMPLEMENT SELF-HELP PROJECTS SUCH AS AFFORDABLE HOUSING, AGRICULTURE, CAPACITY BUILDING, CULTURAL PROGRAMS , DISASTER RELIEF, EDUCATION AND JOB SKILLS, ENVIRONMENT , FINANCIAL INCLUSION , HEALTHCARE & HIV/AIDS , POTABLE WATER, SANITATION & WOMEN'S EMPOWERMENT. THE RESOURCE FOUNDATION ALSO PROMOTES AND IMPLEMENTS DEVELOPMENT EDUCATION PROGRAMS IN THE U.S. IN ORDER TO INCREASE THE AWARENESS OF THE AMERICAN PUBLIC ABOUT CONDITIONS IN LATIN AMERICA AND IN THE CARIBBEAN.

    Expenses $2,340,826 · Grants $2,196,116

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

Listed in Part VII

  • JOHN WELCH

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5

  • PATRICK AMATO

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • CRISTINA PEREZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • MICHAEL M ARCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • RAFAEL GUARDANS CAMBO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • RICARDO S MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • AMY MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • KATHERINE L NEWMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • DAVID A PENTLOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • MANOCHERE ALAMGIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • ALISON M RENDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • KENNETH RICCI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • PEDRO LICHTINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • LILYANNA YANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • CHRISTINA MELLACE

    EXECUTIVE DIRECTOR

    Total calculated
    $34,100
    From this org
    $34,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • BEATRIZ GUILLEN

    EXECUTIVE DIRECTOR ( SEPTEMBER - PRESENT)

    Total calculated
    $40,833
    From this org
    $40,833
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2024
IRS schema version
2023v5.1
Source object
202432079349300633

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

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