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← IT WORKS GIVES BACK FOUNDATION INC

Form 990 for tax year 2024

Filed by IT WORKS GIVES BACK FOUNDATION INC.

Totals

Total revenue
$41,400
Total expenses
$80,143
Contributions and grants received
$39,632
Grants paid
$77,000
Program service revenue
$0
Investment income
$1,768
Other revenue
$0
Total assets, end of year
$34,808
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$34,808
Program services expenses (Part IX)
$77,000
Management and general expenses
$3,143
Fundraising expenses
$0
Program service expenses (Part III)
$77,000

Program services were 96.1% 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

    $39,632

  • 3 · Investment income

    total $1,768 · related or exempt $1,768

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,000 · program services $77,000

  • 11b · Fees: legal

    total $382 · management and general $382

  • 11c · Fees: accounting

    total $952 · management and general $952

  • 11g · Fees: other

    total $1,809 · management and general $1,809

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,646 · end of year $9,871

  • 2 · Savings and temporary cash investments

    beginning of year $57,905 · end of year $24,937

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $73,551 · end of year $34,808

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION CONSISTS OF DISTRIBUTING FUNDS AND ASSETS TO PUBLIC CHARITIES QUALIFYING UNDER INTERNAL REVENUE SECTION 501(C)(3). THE DISTRIBUTION OF FUNDS TO TAX EXEMPT PUBLIC CHARITIES IS FOR THE PURPOSE OF IMPROVING AND BENEFITTING SOCIETY.

  • IN FUTHERANCE OF ITS EXEMPT PURPOSE, THE FOUNDATION FUNDED NINE NONPROFIT 501(C)(3) ORGANIZATIONS WITH $79,133 OF CONTRIBUTIONS. SEE SCHEDULE I FOR A DETAILED LIST OF PUBLIC CHARITIES WHICH RECEIVED CONTRIBUTIONS FROM THE IT WORKS GIVES BACK FOUNDATION, INC. OF GREATER THAN $5,000.

    Expenses $77,000 · Grants $77,000

As filed on the 2024 return.

Listed in Part VII

  • Cindy Pentecost

    DIRECTOR, PRESIDENT, TREAS

    Total calculated
    $0
    Hours/week
    1.5

  • Joseph Alcala

    DIRECTOR

    Total calculated
    $183,128
    From this org
    $0
    From related orgs
    $183,128
    Other
    $0
    Hours/week
    2.5

    Schedule J breakdown matched by us

    Base
    $0 + $183,128 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $183,128 related

  • Amanda Clark

    DIRECTOR

    Total calculated
    $7,463
    From this org
    $0
    From related orgs
    $7,463
    Other
    $0
    Hours/week
    1

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

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

  • SAMARITANS PURSE

    $25,000

    GENERAL SUPPORT

  • CHILDREN'S CUP

    $12,000

    TO BRING CHILDREN OUT OF THE CYCLE OF POVERTY TO BECOME CONTRIBUTORS TO THEIR COMMUNITIES AS LEADERS AND BUSINESS PEOPLE.

  • GARY SINISE FOUNDATION

    $10,000

    VETERANS SUPPORT

  • SELAH FREEDOM INC

    $10,000

    TO BRING SOLUTIONS TO SURVIVORS OF SEX TRAFFICKING AND EXPLOITATION.

  • HOPE FAMILY SERVICES

    $7,500

    TO PROMOTE SAFETY, STRENGTH AND WELL-BEING FOR VICTIMS AND SURVIVORS OF DOMESTIC VIOLENCE AND THEIR CHILDREN IN MANATEE COUNTY (FLORIDA).

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CINMAR UNLIMITED LLC

    REAL ESTATE · FL

  • RIVERSIDE INVESTMENT PROPERTY LLC

    REAL ESTATE · FL

  • IMPACT PROFESSIONALS LLC

    MEDIA · FL

Related corporations and trusts

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

  • IT WORKS GLOBAL INC

    S · SALES & MARKETING · FL

Provenance

Return type
form_990
Tax year
2024
Filed
22 April 2025
IRS schema version
2024v5.1
Source object
202541129349300444

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