The Foundnation

Organization Overview

The Foundnation is located in Burbank, CA. The organization was established in 2019. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundnation 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 12/2020, Foundnation generated $10.8k in total revenue.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EDUCATIONAL PROGRAMMING AROUND DIVERSITY AND INCLUSION AND TO SUPPORT MINORITY IDENTIFIED INDIVIDUALS IN REPRESENTATION AND VISIBILITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS WERE DISTRIBUTED TOTALING $9088.50 TO MEMBERS OF GREATER LOS ANGELES COMMUNITIES THAT WERE EXPERIENCING FINANCIAL HARDSHIP DUE TO COVID-19.


PROMOTED DIVERSITY, INCLUSION AND SUPPORT FOR INDIVIDUALS IDENTIFIED AS MINORITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Melissa Lathrop
Secretary
$0
Cadence Valentine
CEO
$0
Todd Sahara
CFO
$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$10,814
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,814
Total Program Service Revenue$0
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 $10,814

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