Foresight Development International Incorporated
- Assets
- $116.2k
- Revenue
- $265.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Bedford, MA
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 04-3565713
Organization Overview
Foresight Development International Incorporated is located in Bedford, MA. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Foresight Development International Incorporated 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, Foresight Development International Incorporated generated $265.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $475.9k 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
ENGAGE IN CHARITABLE ACTIVITIES IN LESS DEVELOPED COUNTRIES, ESPECIALLY NEPAL, FOR THE ADVANCEMENT OF EDUCATION, ECONOMIC AND SOCIAL DEVELOPMENT, AND CHRISTIAN INSTITUTIONS. PARTICULAR ACTIVITIES INCLUDE THE DEVELOPMENT OF A SCHOOL AND SPONSORING AND MENTORING YOUNG ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL BETHEL ACADEMY IS A SCHOOL FOUNDED IN 2008 IN THE TOWN OF TRISHULI, NEPAL BY A TEAM OF LOCAL CHURCH LEADERS AND FORESIGHT STAFF. THE SCHOOL IS INTENTIONALLY DIFFERENT FROM TRADITIONAL NEPALI SCHOOLS AS IT EMPHASIZES THINKING, CREATIVE TEACHING, INDIVIDUAL STUDENT ATTENTION, AND RESPECT FOR INDIVIDUAL DIFFERENCES IN CONTRAST TO THE TRADITIONAL TEACHING METHOD OF MERE MEMORIZATION. THE SCHOOL HAS APPROXIMATELY 300 STUDENTS IN GRADES NURSERY THROUGH 10. DURING THE COVID PANDEMIC, THE SCHOOL HAS ALTERNATED BETWEEN IN-PERSON AND REMOTE TEACHING. CLASS 10 STUDENTS HAVE ALL SUCCESSFULLY PASSED THE 10TH GRADE NATIONAL SECONDARY EDUCATION EXAMINATION. FORESIGHT SUPPORT HAS BEEN FOR BOTH EDUCATIONAL AND MANAGERIAL DEVELOPMENT, AND FOR FINANCIAL NEEDS. EDUCATIONAL AND MANAGERIAL SUPPORT HAVE INCLUDED IN-PERSON TRAINING AND BOTH REMOTE AND IN-PERSON COUNSEL. FINANCIAL SUPPORT HAS COVERED THE OPERATING DEFICIT AND THE CONSTRUCTION OF A NEW CLASSROOM BUILDING.
OVER THE PAST 13 YEARS, FORESIGHT HAS SPONSORED AND GUIDED A GROUP OF 20 NEPALI YOUNG ADULTS WHO FORMERLY LIVED IN PRISON WITH A PARENT. THESE YOUNG ADULTS WERE SUPPORTED FINANCIALLY FOR THEIR FULL SCHOOL AND LIVING EXPENSES, AND HAVE BEEN MENTORED INDIVIDUALLY (IN-PERSON AND REMOTELY) AS THEY COMPLETED SECONDARY AND TERTIARY EDUCATION. MOST OF THESE YOUNG ADULTS (16) HAVE COMPLETED THEIR BACHELOR DEGREES AND THREE HAVE TAKEN JOBS FOLLOWING THEIR SECONDARY EDUCATION. IN 2021, ONE YOUNG ADULT WAS SUPPORTED AS SHE WAS COMPLETING HER BACHELOR PROGRAM, AND THREE OTHERS WERE PROVIDED LIVING EXPENSE SUPPLEMENTS AS THEY BEGAN THEIR JOBS.
ONE CHRISTIAN MINISTRY LEADER WAS PROVIDED FINANCIAL SUPPORT FOR HIS FAMILY LIVING EXPENSES. HE IS LEADING A NATIONAL ORGANIZATION WHICH WORKS WITH CHRISTIAN UNIVERSITY AND SECONDARY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ratichek President | Officer | 30 | $26,000 |
Stephen Hamilton Clerk And Director | OfficerTrustee | 2 | $0 |
Ellen Ratichek Director | Trustee | 25 | $0 |
David Monaghan Director | Trustee | 10 | $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 | $265,517 |
| Noncash contributions included in lines 1a–1f | $44,803 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,517 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,534 |
| 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 | $439,195 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,409 |
| Compensation of current officers, directors, key employees. | $28,409 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,961 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $475,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,222 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,222 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $116,222 |
| 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 | $116,222 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foresight Development International Incorporated has recieved totaling $14,400.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $14,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |