The 400 Foundation Inc
- Assets
- $1.0k
- Revenue
- $762.9k
- Investments
- $0.0
- Employees
- 185
- Location
- New York, NY
- Founding
- Data as of
- 12/2020
- EIN
- 83-3399853
Organization Overview
The 400 Foundation Inc is located in New York, NY. As of 12/2020, 400 Foundation Inc employed 185 individuals. 400 Foundation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE, MOBILIZE, AND ADVOCATE FOR ADVANCED SKILLS TRAINING, BLACK BUSINESS DEVELOPMENT, AND AFFORDABLE HOUSING IN NY CITY AND NY STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 400 FOUNDATIONS PRIMARY PROGRAM EFFORT IS ORGANIZING CHURCHES AND OTHER NON-PROFITS TO ENGAGE IN ECONOMIC DEVELOPMENT WITH GAINING ACCESS TO CAPITAL AND CREATING WORK CONTRACTS/JOB OPPORTUNITIES IN PUBLIC AND PRIVATE INDUSTRY. THE 400 FOUNDATION ALSO ADVOCATES WITH GOVERNMENT TO EXPAND ECONOMIC OPPORTUNITIES FOR AFRICAN AMERICAN INDIVIDUALS AND BUSINESSES. IN RESPONSE TO COVID, IN 2020, THE 400 FOUNDATION WORKED WITH THE FOOD PANTRY PROJECT OF THE BRONX, NY. THE 400 FOUNDATION ORGANIZED 185 LOW INCOME NEW YORKERS AND PAID THEM 15 AN HOUR TO PACK FOOD BOXES FOR DELIVERY TO HUNGRY NEW YORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Reginald Lee Bachus Chairman/president | OfficerTrustee | 25 | $0 |
Joseph Holland Executive Director | Officer | 25 | $0 |
Rev Clinton Miller Vice-President | Officer | 0.5 | $0 |
Rev Kahli Mootoo Vice-President | Officer | 25 | $0 |
C Virginia Fields Director | Trustee | 0.5 | $0 |
Dr Hazel Dukes Director | Trustee | 0.5 | $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 | $134,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,865 |
| Total Program Service Revenue | $627,989 |
| 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 | $762,854 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,377 |
| Compensation of current officers, directors, key employees. | $40,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,163 |
| Fees for services: Accounting | $16,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,266 |
| Office expenses | $8,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,402 |
| 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 | $1,620 |
| All other expenses | $2,154 |
| Total functional expenses | $822,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,034 |
| 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 |
| 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 | $1,034 |
| Accounts payable and accrued expenses | $11,317 |
| 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 | $11,317 |
| Net assets without donor restrictions | -$10,283 |
| 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 | $1,034 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The 400 Foundation Inc has recieved totaling $140,000.
| Awarding Organization | Amount |
|---|---|
Putting New Yorkers To Work Inc New York, NY PURPOSE: ECNMC. EQUALITY NYC | $140,000 |
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|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |