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← LOUIS HERNANDEZ JRS FOUNDATION FOR A BRIGHT FUTURE INC

Form 990 for tax year 2023

Filed by LOUIS HERNANDEZ JRS FOUNDATION FOR A BRIGHT FUTURE INC.

Totals

Total revenue
$280,565
Total expenses
$399,620
Contributions and grants received
$280,565
Grants paid
$75,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$74,056
Total liabilities, end of year
$74,310
Net assets or fund balances, end of year
-$254
Program services expenses (Part IX)
$75,000
Management and general expenses
$324,620
Fundraising expenses
$0
Program service expenses (Part III)
$75,000

Program services were 18.8% 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

    $280,565

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 2 · Grants to domestic individuals

    total $40,000 · program services $40,000

  • 3 · Grants to foreign organizations and individuals

    total $15,000 · program services $15,000

  • 7 · Other salaries and wages

    total $132,855 · management and general $132,855

  • 9 · Other employee benefits

    total $12,251 · management and general $12,251

  • 10 · Payroll taxes

    total $11,361 · management and general $11,361

  • 11a · Fees: management

    total $29,194 · management and general $29,194

  • 11c · Fees: accounting

    total $12,271 · management and general $12,271

  • 11g · Fees: other

    total $35,437 · management and general $35,437

  • 12 · Advertising and promotion

    total $28,601 · management and general $28,601

  • 13 · Office expenses

    total $32,495 · management and general $32,495

  • 14 · Information technology

    total $8,362 · management and general $8,362

  • 17 · Travel

    total $2,780 · management and general $2,780

  • 19 · Conferences, conventions and meetings

    total $2,194 · management and general $2,194

  • 22 · Depreciation, depletion and amortization

    total $16,819 · management and general $16,819

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,865 · end of year $44,207

  • 3 · Pledges and grants receivable

    beginning of year $5,005 · end of year $5

  • 9 · Prepaid expenses and deferred charges

    end of year $405

  • 10a · Land, buildings and equipment: cost or other basis

    $55,736

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,297

  • 10c · Land, buildings and equipment, net

    beginning of year $43,466 · end of year $29,439

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,575 · end of year $24,009

  • 18 · Grants payable

    beginning of year $38,296 · end of year $50,301

  • 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 $82,465 · end of year -$254

Mission and programs · 2023

Mission

LOUIS HERNANDEZ JR.'S FOUNDATION FOR A BRIGHT FUTURE IS A 501(C)3 NOT-FOR-PROFIT ORGANIZATION DEDICATED TO SUPPORTING THE NEEDS OF UNDERREPRESENTED AND UNDERPRIVILEGED CHILDREN THROUGH EDUCATION, HEALTHCARE, THE ARTS, AND YOUTH LEADERSHIP DEVELOPMENT. OUR INITIATIVES PROVIDE EQUAL OPPORTUNITY FOR ALL CHILDREN TO HAVE THE TOOLS AND OPPORTUNITIES TO FULFILL THEIR LIFE GOALS AND BECOME CONSTRUCTIVE MEMBERS OF OUR GLOBAL COMMUNITY.

Activities or mission (Part I)

TO SUPPORT THE NEEDS OF UNDERREPRESENTED AND UNDERPRIVILEGED CHILDREN THROUGH HEALTH, EDUCATION, YOUTH LEADERSHIP AND THE POWER OF STORYTELLING.

  • TO PROVIDE SUPPORT TO CHILDREN AND STUDENTS THROUGH HEALTH, EDUCATION, YOUTH LEADERSHIP, AND STORYTELLING.

    Expenses $75,000 · Grants $75,000

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

Listed in Part VII

  • Louis Hernandez Jr

    CHAIRMAN OF THE BOARD, FOUNDER

    Total calculated
    $0
    Hours/week
    2

  • Emma Lerew

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sara Hernandez

    BOARD MEMBER

    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

  • NICKLAUS CHILDREN'S HOSPITAL

    $10,000

    NICKLAUS CHILDREN'S HOSPITAL ("NICKLAUS") 5 TOWER COMMUNICATION STATION #2

  • JOE DIMAGGIO CHILDREN'S HOSPITAL FOUNDATION

    $10,000

    GENERAL SUPPORT

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202402999349300245

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