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Nonprofiteer
← POST ROAD FOUNDATION

Form 990 for tax year 2023

Filed by POST ROAD FOUNDATION.

Totals

Total revenue
$5,168,888
Total expenses
$724,177
Contributions and grants received
$5,165,053
Grants paid
$0
Program service revenue
$0
Investment income
$3,835
Other revenue
$0
Total assets, end of year
$5,217,157
Total liabilities, end of year
$1,142,102
Net assets or fund balances, end of year
$4,075,055
Program services expenses (Part IX)
$617,813
Management and general expenses
$106,364
Fundraising expenses
$0
Program service expenses (Part III)
$617,813

Program services were 85.3% 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)

    $389,044

  • 1f · All other contributions, gifts and grants

    $4,776,009

  • 3 · Investment income

    total $3,835 · excluded $3,835

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $207,228 · program services $207,228

  • 7 · Other salaries and wages

    total $76,395 · program services $45,038 · management and general $31,357

  • 10 · Payroll taxes

    total $2,317 · program services $422 · management and general $1,895

  • 11b · Fees: legal

    total $4,359 · management and general $4,359

  • 11c · Fees: accounting

    total $19,553 · management and general $19,553

  • 11g · Fees: other

    total $350,623 · program services $347,051 · management and general $3,572

  • 13 · Office expenses

    total $10,565 · program services $76 · management and general $10,489

  • 14 · Information technology

    total $3,315 · management and general $3,315

  • 16 · Occupancy

    total $19,319 · management and general $19,319

  • 20 · Interest

    total $13,578 · program services $13,578

  • 23 · Insurance

    total $1,247 · management and general $1,247

  • 24a · Other expenses: GENERAL AND ADMINISTRAT

    total $15,678 · program services $4,420 · management and general $11,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,041 · end of year $50,405

  • 2 · Savings and temporary cash investments

    beginning of year $417,879 · end of year $5,032,896

  • 4 · Accounts receivable

    beginning of year $24,683 · end of year $113,529

  • 13 · Investments: program-related

    beginning of year $0 · end of year $10,000

  • 15 · Other assets

    beginning of year $2,980 · end of year $10,327

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,252 · end of year $642,102

  • 25 · Other liabilities

    beginning of year $799,986 · end of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year -$369,655 · end of year $4,075,055

Mission and programs · 2023

Mission

THE STUDY OF PRESENT AND FUTURE CAPABILITIES OF CONNECTED, SUSTAINABLE INFRASTRUCTURE IN IMPOVERISHED OR OTHERWISE UNDERSERVED COMMUNITIES ACROSS THE UNITED STATES IN ORDER TO ADVANCE THE PUBLIC'S KNOWLEDGE ON THE EFFICIENT IMPLEMENTATION OF SUCH INFRASTRUCTURE AND ITS POTENTIAL FOR REDUCING EMMISSIONS, CUTTING ENERGY COSTS, AND IMPROVING DIGITAL ACCESS.

Activities or mission (Part I)

THE STUDY OF PRESENT AND FUTURE CAPABILITIES OF CONNECTED, SUSTAINABLE INFRASTRUCTURE IN IMPOVERISHED OR OTHERWISE UNDERSERVED COMMUNITIES ACROSS THE UNITED STATES IN ORDER TO ADVANCE THE PUBLIC'S KNOWLEDGE OF THE EFFICIENT IMPLEMENTATION OF SUCH INFRASTRUCTURE AND ITS POTENTIAL FOR REDUCING EMISSIONS, CUTTING ENERGY COSTS AND IMPROVING DIGITAL ACCESS.

  • THE STUDY OF CONNECTED INFRASTRUCTURE IN FIVE UNDERSERVED COMMUNITIES.

    Expenses $617,813 · Revenue $5,165,053

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

Listed in Part VII

  • Waide Warner

    CHAIRMAN OF BOARD/TREASURE

    Total calculated
    $0
    Hours/week
    20

  • Mary Louise Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Sims

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Seth Hoedl

    PRES/SECRETARY/CHIEF SCIEN

    Total calculated
    $207,228
    From this org
    $207,228
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,228
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $207,228

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

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • POST ROAD PROJECT 1 LLC

    TO DEVELOP A BROADBAND PROJECT IN ALABAMA · DE · income $0 · assets $0

    Directly controlled by POST ROAD COMMUNITY PARTNERS PBC

  • POST ROAD PROJECT 2 LLC

    TO DEVELOP A BROADBAND PROJECT IN TENNESSEE · DE · income $0 · assets $0

    Directly controlled by POST ROAD COMMUNITY PARTNERS PBC

  • POST ROAD ENERGY LLC

    TO COMMERCIALIZE DOE-FUNDED TECHNOLOGY & APPLY FOR DOE GRANTS FOR FOR-PROFIT · DE · income $0 · assets $0

    Directly controlled by POST ROAD COMMUNITY PARTNERS PBC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • POST ROAD COMMUNITY PARTNERS PBC

    C · TO DEVELOP BROADBAND PROJECTS & COMMERCIALIZE DEPT OF ENER FUNDED TECHNOLOGY · DE · 100% owned · share of income $68 · share of assets $675 · controlled entity

    Directly controlled by POST ROAD FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349326218

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