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Nonprofiteer
← TRADE IT FORWARD FOUNDATION INC

Form 990 for tax year 2023

Filed by TRADE IT FORWARD FOUNDATION INC.

Totals

Total revenue
$181,647
Total expenses
$110,641
Contributions and grants received
$158,242
Grants paid
$100,000
Program service revenue
$0
Investment income
$2,474
Other revenue
$20,931
Total assets, end of year
$71,006
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$71,006
Program services expenses (Part IX)
$100,000
Management and general expenses
$10,641
Fundraising expenses
$0
Program service expenses (Part III)
$100,000

Program services were 90.4% 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

    $158,242

  • 3 · Investment income

    total $2,474 · excluded $2,474

  • 8a · Fundraising events: gross income

    $201,538

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

    $158,242

  • 8b · Fundraising events: direct expenses

    $180,607

  • 8c · Net income from fundraising events

    total $20,931 · excluded $20,931

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 12 · Advertising and promotion

    total $7,933 · management and general $7,933

  • 23 · Insurance

    total $1,243 · management and general $1,243

  • 24a · Other expenses: BANK FEES

    total $865 · management and general $865

  • 24b · Other expenses: REGISTRATION FEES

    total $600 · management and general $600

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $71,006

  • 27 · Net assets without donor restrictions

    end of year $71,006

Mission and programs · 2023

Mission

ADVANCING KNOWLEDGE, INSPIRING INNOVATON

  • PROVIDE GRANTS TO NONPROFIT ORGANIZATIONS

    Expenses $100,000 · Grants $100,000

As filed on the 2023 return.

Listed in Part VII

  • Michael Logan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Matteo Amato

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349325464

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