Foresight Development International Incorporated FY2020 filing

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EIN 04-3565713 Public foundation / grantmaker Bedford, MA NTEE T30
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$228K
FY2020
Expenses
$118K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Build schools, mentor young adults, and support Christian institutions in developing countries like Nepal. For fiscal year 2020 it reported $228K in revenue, $118K in expenses, and $327K in net assets.Pt I

Founded
2007
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Bedford, MA
Website
foresightdevelopment.org
Filings
6 on file (2020–2020)
Revenue
$228KFY2020
Expenses
$118K
Net assets
$327K
People
4
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Size
$100K–1M
What they do
Build schools, mentor young adults, and support Christian institutions in developing countries like Nepal.
Leadership
John a Ratichek · President · $30K
Money in and out
$228K revenue, $118K expenses
Bottom line
69% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

3 funders, incl. Fidelity Investments Charitable Gift Fund

3 distinct foundation funder(s) on file, $87K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

69% to programs

69% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Grants paid & assets · FY2020
Total revenue
$228K
Pt VIII · Ln 12
Total expenses
$118K
Pt IX · Ln 25
Net assets
$327K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $110K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.31
Program efficiency
69%
of spending reaches programs
Operating runway
45.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+48%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$327K
FY2020
Total liabilities
$647
FY2020
Revenue less expensesPt I · Ln 19$110K
Total assetsPt X · Ln 16$327K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CForesight Development International Incorporated
EINHdr · item D04-3565713
Principal addressHdr · item CBedford, MA
WebsiteHdr · item Jforesightdevelopment.org
Year of formationHdr · item L2007
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFOct 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$30,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

John Ratichek’s $31K as President is at the 29th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Ratichek$31,000$31,000$30,000$28,000$26,000—
John a Ratichek—————$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $81K of program spending, described in the organization's own filed words · FY2020.
01

National Bethel Academy (NBA) is a school founded in 2008 in the town of Trishuli, Nepal by a team of church leaders and Foresight staff. The school is intentionally different from traditional Nepali schools as it emphasizes thinking, creative teaching, individual student attention, and respect for individual differences in contrast to…

$68Kprogram expense
02

Four Nepali young adults who formerly lived in prison with a parent are sponsored by Foresight for their tertiary education. Their full school and living expenses are supplied by Foresight. They are part of a larger group of 20 young adults who have been part of this program over the past 13 years.

$12Kprogram expense
03

Ebenezer Bible College is a pastoral training institution and these funds are given to their general operations expenses. The graduates of this college take positions in existing churches and also start new churches in rural areas of the country.

$700program expense

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Statement of Revenue

Part VIII
Contributions & grants100%$228K
Investment income$33
Total revenueLn 12$228K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$81K
Management & general31%$36K
Total functional expensesLn 25$118K

Balance Sheet

Part X · end of year
CashLn 1$327K
Total assetsLn 16$327K
Total liabilitiesLn 26$647
Total net assetsLn 32$327K
Months of cash on handcomputed33.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $327K · Operating expenses (Pt IX) $118K · Less non-cash grants $32K · Cash operating expenses/yr $86K
45.8 months
Where the money goes
Program services
Program services $81K · Total expenses $118K
69%
Management & General
Management & general $36K · Total expenses $118K
31%
Fundraising
Fundraising $0 · Total expenses $118K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $228K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $228K · Total revenue $228K
100%
Government reliance
Government grants — · Total revenue $228K
—
Earned-income share
Program service revenue $0 · Total revenue $228K
0%
Investment reliance
Investment income $33 · Total revenue $228K
+0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $118K
0%
Growth & trend
Revenue growth (YoY)
This year $228K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $327K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $228K · Expenses $118K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $327K
—
Net-asset ratio
Net assets $327K · Total assets $327K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $327K
0%
People & payroll
Highest Reported Total Compensation
Individual John a Ratichek · Reported title President · Highest reported compensation $30K · Total expenses $118K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $33K · Total expenses $118K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%——
Overhead ratio 31%——
Fundraising cost ratio 0%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$257K revenue · ⤓ 990 PDF
FY2024$184K revenue · ⤓ 990 PDF
FY2023$118K revenue · ⤓ 990 PDF
FY2022$178K revenue · ⤓ 990 PDF
FY2021$266K revenue · ⤓ 990 PDF
FY2020$228K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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