The Foundation
- Assets
- $458.9k
- Revenue
- -$133.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Bay, FL
- Founding
- Data as of
- 12/2022
- EIN
- 30-0346629
Organization Overview
The Foundation is located in Palm Bay, 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S INTRINSIC PURPOSE 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
COMMUNITY SAFETY: THE FOUNDATION CONTRACTED OUT 3 LOCAL SECURITY PROFESSIONALS TO PERFORM NIGHTLY PATROLS AROUND THE NEIGHBORHOOD OF THE OFFICE IN MKURANGA, TANZANIA (THE OFFICE IN NOW CLOSED). THEIR WAGES ARE ABOVE MARKET RATES TO ENABLE THEM TO ACHIEVE A GREATER LEVEL OF FINANCIAL SECURITY.
ADDITIONAL PROGRAM SERVICE EXPENSES (MOSTLY TRAVEL EXPENSES)
EMPOWERING SELF-SUFFICIENCY: WHILE IN MKURANGA, TANZANIA, THE FOUNDATION INVESTED IN LOCAL SMALL BUSINESSES (LESS THAN $500 EACH). MOST OF THESE ENTREPRENEURS HAD PROVEN THEIR CHARACTER AND COMPETENCE. WE INVESTED IN A TAILOR WHO PERFORMED HER CRAFT WELL AND DISPLAYED ADMIRABLE HONESTY. WE INVESTED IN A CARPENTER WHO EXCELLED AT HIS CRAFT. WE ALSO GAVE HIM A DONATION OF HAND-PLANES VALUED AT $1,390. WE INVESTED IN A VEGETABLE FARMER WHO EXHIBITED AN ASSERTIVE ENTREPRENEURIAL SPIRIT EVEN THOUGH SHE WAS NOT ABLE TO READ OR WRITE. WE INVESTED IN A BAJAJI DRIVER WHO IS THE EMBODIMENT OF AN HONEST, INTELLIGENT, HARDWORKING PROPRIETOR. LASTLY, WE GAVE A LIVING STIPEND TO A RANDOM, WIDOWED WOMAN OUTSIDE OF MKURANGA WHO WAS LIVING WITH AT LEAST ONE YOUNG CHILD IN A RUN-DOWN HOUSE WITH NO DOORS.
SAVING CHILDREN: THE FOUNDATION HAD SOME REMAINING EXPENSES FROM THE UNSUCCESSFUL ATTEMPT TO START A CHILDREN'S HOME. THESE EXPENSES WERE PREDOMINATELY RENT AND CARETAKER EXPENSES. ADDITIONAL COSTS STEMMED FROM THE SELLING OF THE 4X4 VEHICLE THAT WAS PURCHASED BY THE FOUNDER WITH HIS PRIVATE MONEY AND USED BY THE FOUNDATION IN TANZANIA.
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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 | $18,420 |
| Noncash contributions included in lines 1a–1f | $1,420 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,420 |
| Total Program Service Revenue | $1,200 |
| Investment income | $122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$153,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$133,302 |
| 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 | $3,155 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $47 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,155 |
| Advertising and promotion | $96 |
| Office expenses | $1,541 |
| Information technology | $1,318 |
| Royalties | $0 |
| Occupancy | $8,643 |
| Travel | $7,841 |
| 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 | $325 |
| All other expenses | $153 |
| Total functional expenses | $34,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,364 |
| Savings and temporary cash investments | $193,452 |
| 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 | $157,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $86,770 |
| Intangible assets | $0 |
| Other assets | $180 |
| Total assets | $458,866 |
| 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 | $259,543 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $259,543 |
| Net assets without donor restrictions | $120,784 |
| Net assets with donor restrictions | $78,539 |
| 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 | $458,866 |