Because Foundation
- Assets
- $0.0
- Revenue
- $10.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Homewood, IL
- Founding
- 05/2008
- Data as of
- 03/2020
- EIN
- 20-8821828
Organization Overview
Because Foundation is located in Homewood, IL. The organization was established in 2008. According to its NTEE Classification (V20) the organization is classified as: Social Science, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Because 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 03/2020, Because Foundation generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.8%) each year. All expenses for the organization totaled $11.5k during the year ending 03/2020. As we would expect to see with falling revenues, expenses have declined by (39.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BECAUSE SERIES OF SHORT DOCUMENTARIES HIGHLIGHTS THE GROUNDBREAKINGN WORK OF PIONEERING INDIVIDUALS AND ORGANIZATIONS PROVIDING SOLUTION-BASED MODELS FOR SOCIAL CHANGE THAT CAN BE REPLICATED IN COMMUNITIES AROUND THE WORLD. IN ADDITION, BECAUSE FOUNDATION PROVIDES SCHOLARSHIPS TO UNDERPRIVILEDGED YOUTH IN CHICAGO AND OTHER AREAS OF THE COUNTRY.
BECAUSE FOUNDATION IS A SIGNIFICANT DONOR TO LIFE FOR THE WORLD WHICH RUNS MARANATHA SCHOOL AND ORPHANAGE IN HAITI. LIFE FOR THE WORLD SUPPLIES OVER 265 HAITIAN CHILDREN WITH SUSTAINABLE-LIVING RESOURCES AND PROGRAMS TO EMPOWER HAITIANS TO PROVIDE FOR THEMSELVES, PROVIDING LIFE-SKILLS AND TRAINING TO ASSIST ORPHANS TO RE-ENTER THE WORLD AND. PROVIDE FOR THEMSELVES AND THEIR FAMILIES. MARANATHA ORPHANAGE AND SCHOOL WAS FORMED IN 2002 UNDER THE PARENT ORGANIZATION LIFE FOR THE WORLD, INC.,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Kincaid President | OfficerTrustee | 1 | $0 |
Harry Eschel Treasurer | OfficerTrustee | 1 | $0 |
Leslie Nathanson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,036 |
| Investment income | $0 |
| 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 | $10,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $1,960 |
| Fees for services: Accounting | $2,175 |
| 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 | $117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $486 |
| All other expenses | $0 |
| Total functional expenses | $11,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |
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|---|---|---|
Patriotic Republic Chicago, IL | $3,805,673 | $272,368 |
Policy Circle Co Wilmette, IL | $560,042 | $1,719,439 |
Public Broadcasting Network Inc Chesterfield, MO | $132,966 | $320,662 |
Psychometric Society Educational Testing Service Madison, WI | $723,416 | $209,398 |
International Visual Sociology Association Inc Chicago, IL | $116,030 | $0 |
Elliot Institute For Social Sciences Research St Peters, MO | $102,704 | $0 |
Pacific Atlantic Action Coalition Chicago, IL | $527,727 | $200,186 |
Heartland Community Reconciliation Center Bloomington, IN | $270 | $16,256 |
Because Foundation Homewood, IL | $0 | $10,470 |
New Human Research & Development Institute Chicago, IL | $20,544 | $0 |