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← PROCESSING FOUNDATION

Form 990 for tax year 2022

Filed by PROCESSING FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. 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
$777,054 changed to $750,833
Total expenses
$680,883 changed to $646,888
Contributions and grants received
$765,900 changed to $770,201
Grants paid
$0 changed to $2,224
Investment income
$0 changed to -$30,521
Other revenue
$11,154 changed to $11,153
Total assets, end of year
$10,742,562 changed to $10,719,722
Total liabilities, end of year
$26,673 changed to $25,347
Net assets or fund balances, end of year
$10,715,889 changed to $10,694,375
Program services expenses
$494,232 changed to $529,314
Management and general expenses
$132,003 changed to $75,502
Fundraising expenses
$54,648 changed to $42,072
Program service expenses (Part III)
$494,232 changed to $529,314

Totals

Total revenue
$750,833
Total expenses
$646,888
Contributions and grants received
$770,201
Grants paid
$2,224
Program service revenue
$0
Investment income
-$30,521
Other revenue
$11,153
Total assets, end of year
$10,719,722
Total liabilities, end of year
$25,347
Net assets or fund balances, end of year
$10,694,375
Program services expenses (Part IX)
$529,314
Management and general expenses
$75,502
Fundraising expenses
$42,072
Program service expenses (Part III)
$529,314

Program services were 81.8% 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.

  • 1e · Government grants (contributions)

    $44,000

  • 1f · All other contributions, gifts and grants

    $726,201

  • 1g · Noncash contributions included above

    $450,685

  • 3 · Investment income

    total $9,503 · unrelated business $0 · excluded $9,503

  • 7a · Gross sales of assets other than inventory

    securities $257,806 · other assets $421,384

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

    securities $268,303 · other assets $450,911

  • 7c · Gain or loss

    securities -$10,497 · other assets -$29,527

  • 7d · Net gain or loss

    total -$40,024 · related or exempt $0 · unrelated business $0 · excluded -$40,024

  • 11a · Other revenue: Referral fees

    total $11,153 · related or exempt $0 · unrelated business $0 · excluded $11,153

  • 11e · Other revenue, total

    $11,153

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,224 · program services $2,224

  • 5 · Compensation of officers, directors and key employees

    total $63,237 · program services $21,501 · management and general $20,868 · fundraising $20,868

  • 7 · Other salaries and wages

    total $45,366 · program services $32,800 · management and general $6,283 · fundraising $6,283

  • 10 · Payroll taxes

    total $8,288 · program services $2,940 · management and general $2,868 · fundraising $2,480

  • 11a · Fees: management

    total $26,147 · program services $0 · management and general $26,147 · fundraising $0

  • 11b · Fees: legal

    total $2,300 · program services $0 · management and general $2,300 · fundraising $0

  • 11c · Fees: accounting

    total $6,750 · program services $0 · management and general $6,750 · fundraising $0

  • 11g · Fees: other

    total $398,655 · program services $390,655 · management and general $4,000 · fundraising $4,000

  • 12 · Advertising and promotion

    total $416 · program services $416 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $12,337 · program services $11,955 · management and general $191 · fundraising $191

  • 17 · Travel

    total $2,906 · program services $2,906 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,062 · program services $0 · management and general $1,062 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $367 · program services $0 · management and general $367 · fundraising $0

  • 24a · Other expenses: Printing

    total $628 · program services $628 · management and general $0 · fundraising $0

  • 24b · Other expenses: Merchant Processing Fees

    total $2,819 · program services $0 · management and general $2,819 · fundraising $0

  • 24c · Other expenses: IT Services

    total $12,973 · program services $12,973 · management and general $0 · fundraising $0

  • 24d · Other expenses: Miscellaneous

    total $19,059 · program services $9,856 · management and general $1,400 · fundraising $7,803

  • 24e · All other expenses

    total $41,354 · program services $40,460 · management and general $447 · fundraising $447

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,616,985 · end of year $8,297,602

  • 3 · Pledges and grants receivable

    beginning of year $25,000

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

    $2,753

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

    $367

  • 10c · Land, buildings and equipment, net

    end of year $2,386

  • 11 · Investments: publicly traded securities

    end of year $2,385,635

  • 12 · Investments: other securities

    end of year $34,092

  • 14 · Intangible assets

    beginning of year $233 · end of year $7

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,500 · end of year $25,347

  • 27 · Net assets without donor restrictions

    beginning of year $10,619,718 · end of year $10,694,375

Mission and programs · 2022

Mission

The Organization's mission is to promote software literacy within the visual arts, and visual literacy within technology-related fields - and to make these fields accessible to diverse communities.

  • Developing processing software, both the core application programming interface (API) and the programming environment, the processing development environment (PDE)

    Expenses $529,314 · Grants $2,224

As filed on the 2022 return.

Listed in Part VII

  • Dorothy Santos

    Executive Director

    Total calculated
    $86,400
    From this org
    $86,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ben Fry

    President

    Total calculated
    $0
    Hours/week
    10

  • Casey Reas

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Daniel Shiffman

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Xin Xin

    Board Member

    Total calculated
    $0
    Hours/week
    10

  • Lauren Lee McCarthy

    Board Member

    Total calculated
    $0
    Hours/week
    10

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
2022
Filed
27 September 2024
IRS schema version
2022v5.0
Source object
202412719349301416

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