2m Foundation
- Assets
- $6.6m
- Revenue
- $56.9k
- Investments
- $6.0m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 47-5566794
Organization Overview
2m Foundation is located in Menlo Park, CA. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2m 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 12/2023, 2m Foundation generated $56.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.2%) each year. All expenses for the organization totaled $424.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2M FOUNDATION ADVANCES EDUCATION AND SCIENCE BY LEVERAGING THE POWER OF CONVERGING TECHNOLOGIES TO BUILD A PARTICIPATORY RESEARCH ORGANIZATION TARGETING THE NEED FOR INNOVATION IN THE STUDY AND TREATMENT OF AUTISM SPECTRUM DISORDERS (ASD). THROUGH EXPERT AND PATIENT-LED FORUMS AIMED AT DISRUPTION IN TREATMENT AND EDUCATIONAL METHODS, A SMALL CLASSROOM, AND A CHANNEL OF CURATED CONTENT, 2M INITIATIVES WILL CREATE A CONTEXT FOR CHANGE. 2M'S PRIMARY INITIATIVES WILL INCLUDE: *THE QUANTIFIED CLASSROOM (QC), DESIGNED TO MEASURE ENVIRONMENTAL AND PHYSIOLOGICAL VARIABLES THAT MAY INFLUENCE A STUDENT'S CAPACITY TO LEARN. *THE COMPASS PROGRAM FOR PROVIDING SUPPORT FOR ITS FAST-GROWING GROUP OF FAMILIES, CLINICIANS, RESEARCHERS, SOFTWARE DEVELOPERS, ETC. WHO FACE THE UNANSWERED QUESTIONS RAISED BY THE TROUBLING INCREASE IN THE INCIDENCE OF AUTISM. *STAX, 2M'S CURATED CONTENT PLATFORM, IS DESIGNED TO ENABLE A CROWD-SOURCED PUSH OF THE NEW NARRATIVE ON ASD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Horn President | 60 | $75,000 | |
Zachary Nelson Secretary | 2 | $0 | |
Janine Bisharat Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,027 |
| Interest on Savings | $1,671 |
| Dividends & Interest | $73,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,093 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $4,014 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $848 |
| Total Revenue | $56,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $52,000 |
| Pension plans, employee benefits | $58,633 |
| Interest | $0 |
| Taxes | $10,728 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $26,124 |
| Printing and publications | $0 |
| Other expenses | $108,245 |
| Total operating and administrative expenses | $404,208 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $424,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,260 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $158,129 |
| Net Land, buildings, and equipment | $15,425 |
| Other assets | $1,870 |
| Total assets | $6,566,585 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,189 |
| Total liabilities | $1,189 |
Grants Awarded
Over the last fiscal year, 2m Foundation has awarded $57,650 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAWRENCE BRIGHT PURPOSE: TO CREATE A SMARTBOARD PROTOTYPE RELATED TO THE SCRIBE PROJECT. | $16,400 |
INTERNATIONAL ASSOCIATION FOR SPELLING AS COMMUNICATION PURPOSE: TO PROVIDE ACCESS TO EFFECTIVE COMMUNICATION THAT SUPPORTS AGENCY AND AUTONOMY FOR INDIVIDUALS WITH SPEAKING DIFFICULTIES. | $20,000 |
WRENCH ROBOTICS INC PURPOSE: TO CREATE A SMARTBOARD PROTOTYPE RELATED TO THE SCRIBE PROJECT. | $21,250 |