Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $30,000

• 1f · All other contributions, gifts and grants

  $847,362

• 2a · Program service revenue: REGISTRATION FEES

  total $67,730 · related or exempt $67,730

• 3 · Investment income

  total $69,175 · excluded $69,175

• 7a · Gross sales of assets other than inventory

  securities $75,000

• 7b · Less cost or other basis and sales expenses

  securities -$162,132

• 7c · Gain or loss

  securities $237,132

• 7d · Net gain or loss

  total $237,132 · excluded $237,132

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $517,549 · program services $517,549

• 2 · Grants to domestic individuals

  total $88,503 · program services $88,503

• 11a · Fees: management

  total $48,803 · program services $41,418 · management and general $7,385

• 11b · Fees: legal

  total $1,646 · management and general $1,646

• 11c · Fees: accounting

  total $8,620 · management and general $8,620

• 11f · Fees: investment management

  total $9,817 · management and general $9,817

• 11g · Fees: other

  total $3,750 · management and general $3,750

• 12 · Advertising and promotion

  total $1,370 · program services $820 · fundraising $550

• 13 · Office expenses

  total $131,930 · program services $111,963 · management and general $2,768 · fundraising $17,199

• 14 · Information technology

  total $41,118 · program services $41,118

• 16 · Occupancy

  total $4,901 · program services $4,901

• 17 · Travel

  total $17,063 · program services $10,919 · management and general $6,144

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $80,324 · end of year $148,888

• 3 · Pledges and grants receivable

  beginning of year $385,000 · end of year $477,500

• 4 · Accounts receivable

  end of year $50,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,937 · end of year $32,055

• 11 · Investments: publicly traded securities

  beginning of year $2,449,053 · end of year $2,670,602

• 15 · Other assets

  beginning of year $0 · end of year $27,359

• 17 · Accounts payable and accrued expenses

  end of year $114,322

• 18 · Grants payable

  beginning of year $544,442 · end of year $540,000

• 25 · Other liabilities

  beginning of year $127,809 · end of year $129,604

• 27 · Net assets without donor restrictions

  beginning of year -$386,643 · end of year -$395,512

• 28 · Net assets with donor restrictions

  beginning of year $2,632,706 · end of year $3,017,990

The filer's explanations (Part III)

FORM 990, PART VII, SECTION A, LINE 5

PIDS FOUNDATION (FOUNDATION) IS A CONTROLLED ENTITY OF PEDIATRIC INFECTIOUS DISEASES SOCIETY (PIDS) AND SHARES EXPENSES WITH IT. PIDS HAS ENTERED INTO AN AGREEMENT WITH INFECTIOUS DISEASES SOCIETY OF AMERICA (IDSA), AN UNRELATED NONPROFIT ORGANIZATION EXEMPT UNDER SECTION 501(C)(6) OF THE IRC, TO PROVIDE FACILITIES, MANAGEMENT AND ADMINISTRATIVE SERVICES. UNDER THE TERMS OF THIS AGREEMENT, PIDS REIMBURSES IDSA AT COST FOR ALL ALLOCATED SALARY AND BENEFITS OF THE PIDS AND FOUNDATION PROFESSIONAL STAFF PAID BY IDSA AND A ALLOCATION OF RENTS AND OFFICE OVERHEAD. THE OFFICERS OF PIDS WHO ARE EMPLOYEES OF IDSA ARE: TERRI CHRISTENE PHILLIPS, EXECUTIVE DIRECTOR AND BARTON GROH, VICE PRESIDENT, FINANCE AND ADMINISTRATION. THE TOTAL MANAGEMENT FEE PAID BY PIDS TO IDSA IN 2024 WAS $680,846.