Foundation For Peace is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Peace 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, Foundation For Peace generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR PEACE IS A 501(C)(3) NOT-FOR PROFIT ORGANIZATION DEDICATED TO EDUCATION IN THE UNITED STATES AND TO WORKING HAND IN HAND WITH PEOPLE IN MATERIALLY IMPOVERISHED AREAS OF THE DOMINICAN REPUBLIC, HAITI, AND KENYA TO PROVIDE EDUCATIONAL SUPPORT, HEALTHCARE ACCESS, ECONOMIC OPPORTUNITY AND HOPE. WE WORK TOGETHER AS LONG-TERM PARTNERS IN SOLIDARITY TO ENABLE PERSONAL SUCCESS AND COMMUNITY ACHIEVEMENT. WE BELIEVE THIS WILL RESULT IN SUSTAINABLE AND SUCCESSFUL INITIATIVES THAT RELIEVE THE EFFECTS OF POVERTY, ENCOURAGE PERSONAL GROWTH, AND OVERCOME INJUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION TRIP PROGRAMS: WE HAD EIGHT TRIPS IN 2022, SEVEN TO DOMINICAN REPUBLIC (DR) AND ONE TO KENYA. THERE WERE 101 TEAM MEMBERS TOTAL. IN EL BATEY, DR, THE COMMUNITY CENTER WE BUILT TOGETHER IS BEING USED FOR VOCATIONAL TRAINING. THE PUBLIC SCHOOL IS USING THE TWO NEW CLASSROOMS COMPLETED BY FFP TEAMS THIS YEAR. THE COMMUNITY LEADERS HAVE REQUESTED A DAY CARE CENTER BE BUILT SO WOMEN CAN SAFELY LEAVE THEIR CHILDREN WHILE THEY WORK. THEY ARE ALSO HOPING TO PARTNER WITH THE GOVERNMENT TO APPROVE A MEDICAL CLINIC FOR THE AREA AND FFP WOULD FUND THE CONSTRUCTION OF THE BUILDING.IN KENYA, THE NEW CHURCH SANCTUARY WAS FINISHED ALL EXCEPT FOR THE BATHROOMS AND OFFICES. WE FINISHED THEM AND STARTED CONSTRUCTING A NEW BUILDING ON THE CHURCH PROPERTY TO HOUSE A KITCHEN WHERE THEY WILL COOK FOOD FOR 400 STUDENTS STUDYING AT TUMAINI.FFP MEDICAL TEAMS IN THE DR PROVIDED MEDICAL CARE FOR PEOPLE LIVING IN UNDER-SERVED COMMUNITIES. WE PARTNERED WITH LOCAL PHYSICIANS AND THE NATIONAL PUBLIC HEALTH DEPARTMENT TO ENSURE THE BEST QUALITY CARE FOR PATIENTS AND AN EXPERIENCE OF JOINT LEARNING FOR THE TEAMS. WE SERVED THOUSANDS OF PATIENTS ACROSS MANY COMMUNITIES. CONSULTATIONS AND MEDICINES WERE PROVIDED FREE OF CHARGE WITHOUT REGARD TO RACE, GENDER, RELIGIOUS AFFILIATION, OR NATIONALITY.FFP ORGANIZED A SURGICAL MISSION IN PARTNERSHIP WITH HERNIA HELP AT THE MARCELINO VELEZ HOSPITAL IN SANTO DOMINGO, DR. HERNIAS AND HYDROCELES WERE REPAIRED FOR 42 PATIENTS. PATIENTS WERE IDENTIFIED BY FFP MEDICAL TEAMS AND LOCAL PARTNERS. THE FFP DR STAFF DID ALL THE PRE-SURGICAL CONSULTATIONS, LAB WORK, SCHEDULING AND PUBLIC HEALTH PAPERWORK. WE PROVIDED LODGING FOR PATIENTS AND THEIR FAMILY THE NIGHT BEFORE THE SURGERY, TRANSPORTATION, AND TRANSLATION. THEIR WORK ENABLED THE TEAM TO PERFORM THE SURGERIES FREE OF CHARGE.PATHWAY TO DIGNITY PROGRAM: SOCIAL JUSTICE FOR UNDOCUMENTED PEOPLE OF HAITIAN ORIGIN:THIS YEAR THE PROGRAM BEGAN WITH A PARTNERSHIP WITH THE HAITIAN CONSULATE IN BARAHONA AND HELPED PEOPLE OF HAITIAN DESCENT LIVING IN THE DR TO GET NECESSARY HAITIAN DOCUMENTS. MANY LACKED EVEN A BIRTH CERTIFICATE (BC) FROM HAITI AND THIS HAS A PROFOUND EFFECT ON THEIR LIVES AND THEIR FEELING OF SELF-WORTH. CHILDREN CANNOT GET A BIRTH CERTIFICATE IF THEIR MOTHER DOES NOT HAVE ONE, EVEN WHEN BORN IN THE DR. IN ADDITION, BC'S ARE NEEDED TO GAIN ACCESS TO EDUCATION AND TO GET LEGALLY MARRIED. BIRTH CERTIFICATES ARE A PRE-REQUISITE TO GET A HAITIAN ID CARD. THE ID CARD ENABLES A PERSON TO GET A PHONE PLAN, OPEN A BANK ACCOUNT TO SEND AND RECEIVE MONEY AND IN SOME CASES, GET A LEGITIMATE JOB.HAITIAN ID CARDS ENABLE PEOPLE TO APPLY FOR HAITIAN PASSPORTS AND ULTIMATELY DOMINICAN REPUBLIC VISAS, ALLOWING THEM TO TRAVEL FREELY IN THE DR WITHOUT FEAR OF BEING SUMMARILY DEPORTED. IN 2022, 778 BIRTH CERTIFICATES AND 371 ID CARDS WERE OBTAINED THROUGH OUR PARTNERSHIPS. THOUSANDS MORE OF EACH DOCUMENT ARE NEEDED.OTHER COMMUNITY ACTIVITIESHAITI: - WE CONTINUED TO SERVE THE PEOPLE LIVING IN THE "HANDICAPPED VILLAGE" (VILAJ CASIMIR) WITH DISTRIBUTION OF FOOD, MONTHLY SUPPLY OF WATER, AND SCHOOL TUITION SUPPORT. THEY ARE LOCATED ON THE NORTHSIDE OF PORT-AU-PRINCE.DOMINICAN REPUBLIC:- WE CONTINUED TO WORK IN EL BATEY AND BATEY ALGODON COMMUNITIES TO BUILD AND REPAIR HOMES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frank Speranza Co-Chairman | OfficerTrustee | 5 | $0 |
Rosalina Cardona Martinez Vice President | OfficerTrustee | 5 | $0 |
Jeffrey Spragens Treasurer | OfficerTrustee | 5 | $0 |
Joy Fowler Spragens Vice President | OfficerTrustee | 5 | $0 |
Kenneth Culver President And Executive Di | OfficerTrustee | 10 | $0 |
Betty Jean Trustee | Trustee | 3 | $0 |
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 | $964,120 |
Noncash contributions included in lines 1a–1f | $298,375 |
Total Revenue from Contributions, Gifts, Grants & Similar | $964,120 |
Total Program Service Revenue | $30,972 |
Investment income | $11,155 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,441 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,012,688 |
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 | $751,788 |
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 | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $350 |
Fees for services: Accounting | $15,520 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $12,491 |
Advertising and promotion | $0 |
Office expenses | $2,497 |
Information technology | $18,606 |
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 | $24,249 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,173 |
Insurance | $7,959 |
All other expenses | $0 |
Total functional expenses | $1,011,387 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $78,631 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $8,200 |
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 | $188,255 |
Investments—publicly traded securities | $485,875 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $80,000 |
Total assets | $840,961 |
Accounts payable and accrued expenses | $24,697 |
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 | $490,341 |
Total liabilities | $515,038 |
Net assets without donor restrictions | $325,923 |
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 | $840,961 |