The Foundation
- Assets
- $334.9k
- Revenue
- $34.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Cocoa, FL
- Founding
- Data as of
- 12/2021
- EIN
- 30-0346629
Organization Overview
The Foundation is located in Cocoa, FL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Foundation generated $34.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (69.9%) each year. All expenses for the organization totaled $29.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS THE FIRST LOGIC-BASED INTERNATIONAL NON-PROFIT CONGLOMERATE FUNDAMENTALLY DESIGNED TO SAVE THE WORLD. OUR MISSION IS TO ALLEVIATE PREVENTABLE PAIN AND SUFFERING THROUGHOUT THE WORLD AND EMPOWER THE DISADVANTAGED THROUGH SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVING CHILDREN: THE FOUNDATION THOROUGHLY EVALUATED TANZANIA AS A POTENTIAL SITE FOR A CHILDREN'S HOME. WE SPOKE WITH NUMEROUS GOVERNMENT OFFICIALS. WE HIRED A LOCAL TRANSLATOR/ASSISTANT. WE SELECTED A HOME/OFFICE PROPERTY IN MKURANGA. WE HIRED LOCAL PROFESSIONALS TO PROVIDE VARIOUS SERVICES. WE ACHIEVED AN ESTIMATED 33% COMPLETION TOWARDS OUR GOAL; HOWEVER, AFTER CAREFUL COGITATION, TANZANIA WAS ELIMINATED AS A VIABLE LOCATION.
EMPOWERING SELF-SUFFICIENCY: TANZANIA HAS CHRONIC UNEMPLOYMENT, WITH AT LEAST 10% OF THE POPULATION UNABLE TO FIND A JOB. THE FOUNDATION CONTRACTED APPROXIMATELY 10 LOCAL SERVICE PROFESSIONALS IN TANZANIA AT ABOVE MARKET WAGES INCLUDING CARETAKER, SECURITY, CARPENTER, ELECTRICIANS, PLUMBERS, WELDER, AND TAILORS ($4959).
HEALTH SERVICES: TO END PREVENTABLE AILMENTS WE MUST ERADICATE MALARIA. OUR 100-YEAR VISION TO ELIMINATE MALARIA REQUIRES A MULTI-PRONGED APPROACH. WE PURCHASED MOSQUITO NETS FOR LOCAL CITIZENS OF TANZANIA TO AID IN PREVENTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Carr Founder | OfficerTrustee | 50 | $0 |
Taylor Mimless Interim Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,133 |
| Total Program Service Revenue | $1,000 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $95 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,542 |
| Advertising and promotion | $57 |
| Office expenses | $3,665 |
| Information technology | $6,524 |
| Royalties | $0 |
| Occupancy | $7,267 |
| Travel | $836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,160 |
| All other expenses | $0 |
| Total functional expenses | $29,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,222 |
| Savings and temporary cash investments | $94,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $237,574 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $334,905 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,865 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,865 |
| Net assets without donor restrictions | $314,040 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $334,905 |
Endowment Analysis
| Beg. Balance | $277,000 |
| Earnings | -$49,829 |
| Admin Expense | $1,742 |
| Net Contributions | $12,145 |
| Ending Balance | $237,574 |
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