Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).
Establishing operations in East Africa to support future programs.
- Type
- Public charity (501(c)(3)) · Nonprofit
- Location
- Palm Bay, FL
- Website
- thefoundation.world
- Filings
- 5 on file (2020–2022)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Where the work happens
Amended
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.
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.
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.
Amended (immaterial)
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.
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Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 58% | — | — |
| Overhead ratio | 62% | — | — |
| Fundraising cost ratio | 0.4% | — | — |
| Revenue growth | -490% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0.06% | — | — |
| Accounting fee ratio | 0.1% | — | — |
| 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.
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Filings & Schedule Manifest
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Sources
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