Right Thinking Foundation
- Assets
- $22.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-1881414
Organization Overview
Right Thinking Foundation is located in Norfolk, VA. The organization was established in 2014. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Right Thinking 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 12/2022, Right Thinking Foundation generated $27.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $13.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING PRE-RELEASE SERVICES TO RETURNING CITIZENS IN CORRECTIONAL FACILITIES, INCLUDING VOCATIONAL REHABILITATION SERVICES IN THE AREAS OF PERSONAL FINANCIAL MANAGEMENT, ENTREPENEURSHIP SKILLS AND JOB COUNSELING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Coplon President/secretaty | 5 | $0 | |
Thomas W Nesbitt Treasurer | 1 | $0 | |
Donald Price Director | 1 | $0 | |
Dennis Mclaughlin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,265 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,265 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,255 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $268 |
| Other expenses | $10,640 |
| Total expenses | $13,163 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,679 |
| Other assets | $0 |
| Total assets | $22,231 |
| Total liabilities | $31,701 |
| Net assets or fund balances | -$9,470 |