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Nonprofiteer
← FOREVER FOUND

Form 990 for tax year 2022

Filed by FOREVER FOUND.

Totals

Total revenue
$2,080,355
Total expenses
$787,709
Contributions and grants received
$1,839,810
Grants paid
$186,050
Program service revenue
$0
Investment income
$217
Other revenue
$240,328
Total assets, end of year
$2,392,719
Total liabilities, end of year
$18,967
Net assets or fund balances, end of year
$2,373,752
Program services expenses (Part IX)
$651,953
Management and general expenses
$135,756
Fundraising expenses
$0
Program service expenses (Part III)
$651,953

Program services were 82.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,839,810

  • 3 · Investment income

    total $217 · excluded $217

  • 8a · Fundraising events: gross income

    $360,580

  • 8b · Fundraising events: direct expenses

    $120,252

  • 8c · Net income from fundraising events

    total $240,328 · excluded $240,328

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $131,040 · program services $131,040

  • 3 · Grants to foreign organizations and individuals

    total $55,010 · program services $55,010

  • 5 · Compensation of officers, directors and key employees

    total $18,000 · management and general $18,000

  • 7 · Other salaries and wages

    total $16,594 · management and general $16,594

  • 9 · Other employee benefits

    total $825 · management and general $825

  • 10 · Payroll taxes

    total $2,657 · management and general $2,657

  • 11c · Fees: accounting

    total $2,574 · management and general $2,574

  • 11g · Fees: other

    total $21,489 · management and general $21,489

  • 16 · Occupancy

    total $15,954 · management and general $15,954

  • 23 · Insurance

    total $7,520 · management and general $7,520

  • 24a · Other expenses: PROGRAM LOCAL

    total $236,025 · program services $236,025

  • 24b · Other expenses: PROGRAM SECOND STORY

    total $123,731 · program services $123,731

  • 24c · Other expenses: PROGRAM INTERNATIONAL

    total $98,757 · program services $98,757

  • 24d · Other expenses: OTHERS

    total $54,750 · program services $7,390 · management and general $47,360

  • 24e · All other expenses

    total $2,783 · management and general $2,783

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,083,033 · end of year $2,379,469

  • 8 · Inventories for sale or use

    beginning of year $5,830 · end of year $8,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,805 · end of year $4,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,951 · end of year $2,847

  • 19 · Deferred revenue

    beginning of year $12,611 · end of year $14,056

  • 25 · Other liabilities

    end of year $2,064

  • 27 · Net assets without donor restrictions

    beginning of year $1,081,106 · end of year $1,370,252

  • 28 · Net assets with donor restrictions

    end of year $1,003,500

Mission and programs · 2022

Mission

FOREVER FOUND EXISTS TO SUPPORT THE RESCUE AND RESTORATION OF VICTIMS OF CHILD TRAFFICKING AND PROSTITUTION.

  • SECOND STORY: WE OPERATE A DONATION CENTER FOR USED CLOTHING, FURNITURE, APPLIANCES, ETC IN ORDER TO SELL THE ITEMS TO RAISE MONEY FOR OUR CAUSES

    Expenses $235,731 · Grants $112,000 · Revenue $403,935

  • LOCAL SURVIVOR/CHILD SPONSORSHIP PROGRAMS: BY RECRUITING AND MANAGING SPONSORS FOR THE CHILDREN IN OUR FIVE PARTNERED AFTERCARE HOMES, WE ARE ABLE TO ENSURE THE DAILY NEEDS OF THESE RESCUED VICTIMS ARE MET. ANOTHER GREAT POINT IS THAT BY RELIEVING THE FINANCIAL BURDEN OF CARING FOR THE RESCUED CHILDREN CURRENTLY IN THE HOMES, WE ARE OPENNING UP THE OPPORTUNITY FOR NEW CHILDREN TO BE RESCUED.

    Expenses $246,315 · Grants $10,290 · Revenue $1,099,702

  • INTERNATIONAL CHILD TRAFFICIKING PROGRAMS

    Expenses $162,517 · Grants $63,760 · Revenue $52,135

  • OTHERS

    Expenses $7,390 · Revenue $284,038

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SHANNON SERGEY

    PRESIDENT &

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • JEFF GAUTHIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHIL GRAF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIANNE PINTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR SERGEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ART SIMERI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN SIMERI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN THOMPSON

    CFO

    Total calculated
    $0
    Hours/week
    3

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
2022
Filed
1 September 2023
IRS schema version
2022v5.0
Source object
202302519349300445

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