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← PLUS FOUNDATION

Form 990 for tax year 2024

Filed by PLUS FOUNDATION.

Totals

Total revenue
$372,652
Total expenses
$320,084
Contributions and grants received
$299,457
Grants paid
$85,853
Program service revenue
$28,682
Investment income
$56,421
Other revenue
-$11,908
Total assets, end of year
$1,460,780
Total liabilities, end of year
$121,076
Net assets or fund balances, end of year
$1,339,704
Program services expenses (Part IX)
$280,778
Management and general expenses
$39,306
Fundraising expenses
$0
Program service expenses (Part III)
$280,778

Program services were 87.7% 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.

  • 1c · Fundraising events

    $82,990

  • 1f · All other contributions, gifts and grants

    $216,467

  • 2a · Program service revenue: PROGRAMS

    total $28,682 · related or exempt $28,682

  • 3 · Investment income

    total $34,774 · excluded $34,774

  • 7a · Gross sales of assets other than inventory

    securities $136,315

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

    securities $114,668

  • 7c · Gain or loss

    securities $21,647

  • 7d · Net gain or loss

    total $21,647 · excluded $21,647

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $82,990

  • 8b · Fundraising events: direct expenses

    $11,908

  • 8c · Net income from fundraising events

    total -$11,908 · excluded -$11,908

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,103 · program services $84,103

  • 2 · Grants to domestic individuals

    total $1,750 · program services $1,750

  • 11f · Fees: investment management

    total $8,705 · management and general $8,705

  • 13 · Office expenses

    total $10,476 · management and general $10,476

  • 14 · Information technology

    total $11,352 · management and general $11,352

  • 17 · Travel

    total $1,676 · program services $1,357 · management and general $319

  • 19 · Conferences, conventions and meetings

    total $7,454 · management and general $7,454

  • 24a · Other expenses: WOMEN'S LEADERSHIP PROG

    total $99,877 · program services $99,877

  • 24b · Other expenses: DIVERSITY & MENTORING P

    total $90,992 · program services $90,992

  • 24c · Other expenses: CONFERENCE CAUSE

    total $2,599 · program services $2,599

  • 24d · Other expenses: CREDIT LOSS EXPENSE

    total $1,000 · management and general $1,000

  • 24e · All other expenses

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,260 · end of year $119,599

  • 2 · Savings and temporary cash investments

    beginning of year $125,976 · end of year $79,026

  • 3 · Pledges and grants receivable

    beginning of year $16,500 · end of year $6,000

  • 4 · Accounts receivable

    beginning of year $4,154 · end of year $10,949

  • 9 · Prepaid expenses and deferred charges

    end of year $8,916

  • 11 · Investments: publicly traded securities

    beginning of year $1,144,723 · end of year $1,236,290

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,878 · end of year $116,826

  • 19 · Deferred revenue

    beginning of year $13,500 · end of year $4,250

  • 27 · Net assets without donor restrictions

    beginning of year $1,227,669 · end of year $1,328,888

  • 28 · Net assets with donor restrictions

    beginning of year $12,566 · end of year $10,816

Mission and programs · 2024

Mission

THE PLUS FOUNDATION SUPPORTS TOMORROW'S DIVERSE PROFESSIONAL LIABILITY WORKFORCE THROUGH OUTREACH, EDUCATION, MENTORING AND GIVING BACK.

  • CHAPTER ALLY GRANTS: SIX PLUS CHAPTERS WERE AWARDED A TOTAL OF $25,000 IN ALLY GRANTS TO SUPPORT LOCAL CHARITIES THAT ADDRESS THE NEEDS OF THOSE WHO FACE OBSTACLES TO SECURING A JOB OR ADVANCING IN THEIR CAREER THROUGHOUT THEIR LOCAL COMMUNITIES.CONFERENCE CAUSE: THE PLUS FOUNDATION BOARD OF DIRECTORS APPROVED A $50,000 BASE GRANT, AND $9,103.16 IN DONATIONS WERE COLLECTED FROM 50+ INDIVIDUALS, FOR A TOTAL CONFERENCE CAUSE GIFT OF $59,103.16, $29,551.58 EACH, TO CHICAGO BASED NOT FOR PROFITS WOMEN EMPLOYED AND NATIONAL WOMEN VETERANS UNITED. WOMEN'S LEADERSHIP NETWORK: CREATES OPPORTUNITIES FOR WOMEN TO NETWORK, IMPROVE THEIR PROFESSIONAL SKILLS, AND LEARN FROM THE EXPERIENCE OF OTHER ACCOMPLISHED FEMALE LEADERS. IN 2024, 350+ WOMEN AND MEN ATTENDED 7 REGIONAL EVENTS; 300+ PEOPLE ATTENDED THE WLN/FOUNDATION LUNCHEON AT THE PLUS CONFERENCE IN CHICAGO. ADDITIONALLY, ONE WOMAN RECEIVED A $5,000 SCHOLARSHIP TO PURSUE LEADERSHIP EDUCATION.LEADERSHIP & MENTORING PROGRAM (LAMP): IN 2024 FIFTEEN INDIVIDUALS PARTICIPATED IN THIS YEAR-LONG PROGRAM THAT PROVIDES EDUCATION, ONE-ON-ONE MENTORING, ATTENDANCE AT CONFERENCE AND SYMPOSIUM, AND ACCESS TO PLUS LEADERSHIP.

    Expenses $280,778 · Grants $85,853 · Revenue $28,682

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVEN HANKE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE KLEIN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JAHAN CEDENIO

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROB CROCITTO

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • NANCY ADAMS

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • ANEISHA GOLDSMITH

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN PSAKI

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JAIMIE HUNTER

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • CLARE MCCARRICK

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • ALEX MURALLES

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER ODROBINA

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • SARAH GOLDSTEIN

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • BHUMA PATEL

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • KENNETH STEPHENS

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • ROBBIE THOMPSON

    CEO, PLUS

    Total calculated
    $326,657
    From this org
    $0
    From related orgs
    $295,487
    Other
    $31,170
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,837 related
    Bonus
    $0 + $37,650 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,170 related
    Filer's total
    $0 + $326,657 related

  • NIKKI BAKER

    EXEC.DIR, PLUS FOUNDATION

    Total calculated
    $67,019
    From this org
    $0
    From related orgs
    $67,019
    Other
    $0
    Hours/week
    10 + 30 related

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

The filer's explanations (Part III)

PART I, LINE 3
THE CEO IS AN EMPLOYEE OF PROFESSIONAL LIABILITY UNDERWRITING SOCIETY (PLUS), A RELATED ORGANIZATION, THEREFORE HIS/HER COMPENSATION IS ESTABLISHED BY PLUS.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 May 2025
IRS schema version
2024v5.1
Source object
202541499349301019

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