The Foundation FY2023 filing

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Due to the short year, The Foundation is not yet active. In 2021, the Founder will travel to East Africa to set-up operations.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0346629) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $48K a year · 74% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
73% of spending went to programs.
Pt IX · Ln 25 · col B
95.9 mo
of spending, in cash
95.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$257K
63% of total assets
Liabilities are 63% of assets.
Pt X · Ln 26
Independent board members
0
of 1 voting members
None of 1 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$24K
+118% vs prior year
Spent
$14K
To programs
73%
Net assets
$150K
By yearFY2020–FY2024
Revenue
$24K
FY2023▲ +118%
Tap a bar for its year
Revenue by fiscal year
FY2020$378K
FY2021$34K
FY2022−$133K
FY2023$24K
FY2024$23K
Expenses
$14K
FY2023▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$747
FY2021$30K
FY2022$34K
FY2023$14K
FY2024$7K
Net assets
$150K
FY2023▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$377K
FY2021$314K
FY2022$199K
FY2023$150K
FY2024$138K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $10K Management & general 27% · $4K Fundraising 0% · $61

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Founder
$0Pt VII · Sec A
See The Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Establishing operations in East Africa to support future programs.

Questions for The Foundation

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3 programs · $10K · in their own filed words · FY2023
01

Community Safety

THE FOUNDATION renewed the contracts of 3 local security professionals to perform nightly patrols around the neighborhood of Ngunguti in Mkuranga, Tanzania. Their wages were above market rates to enable them to achieve a greater level of financial security.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0346629) · Dispute this line
$7Kprogram expense
02

Empowering Self-Sufficiency

THE FOUNDATION hired the services of Mr. Shempemba, the head of security, to liquidate the remaining items left in Tanzania (stove, TV, blender, refrigerator, and table & chairs made by a local craftsman). He was given a 50% commission for motivation and economic empowerment.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0346629) · Dispute this line
$2Kprogram expense
03

Empowering Self-Sufficiency

The Endowment: This FOUNDATION Solution is a quasi-endowment established by the Founder; it is a self-sufficient fund(s) that exists as a learning platform for the disadvantaged to empower their financial self-sufficiency. The Endowment may take years (even decades) to properly establish itself.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0346629) · Dispute this line
$1Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$24K
Ln 12
Gifts and grantsLn 1h$14K
Fees for servicesLn 2g$5K
Investment incomeLn 3$4K
Money outPt IX
$14K
Ln 25
Programscol B$10K
Managementcol C$4K
Fundraisingcol D$61
Owns and owesPt X
$150K
net assets · Ln 32
Cash and savingsLn 1–2$114K
Total assetsLn 16$406K
LiabilitiesLn 26$257K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$5K
Investment incomeLn 3$4K
Other incomeLn 4–11$1K
Gains on assetsLn 7$1K
Total revenueLn 12$24K
Assets in detailPt X, end of year
CashLn 1$79K
SavingsLn 2$35K
Cash and savings togetherLn 1–2$114K
Land, buildings, equipmentLn 10c$163K
InvestmentsLn 11–13$10K
Intangible assetsLn 14−$1
Other assetsLn 15$119K
Total assetsLn 16$406K
LiabilitiesLn 26$257K
Net assetsLn 32$150K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$119K$137K$238K$0$0
AddedLn 1b$56K$0$12K$0$0
SpentLn 1d–1f$12K$1K$2K$0$0
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$165K$114K
InvestmentsLn 11–13$10K
Land, buildings, equipmentLn 10c$161K$163K
Total assetsLn 16$463K$406K
LiabilitiesLn 26$261K$257K
Net assetsLn 32$202K$150K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$120$120
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$41$0$41$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$8K$8K$0$0
Advertising and promotionLn 12$101$40$0$61
Office expensesLn 13$2K$21$2K$0
Information technologyLn 14$1K$0$1K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$2K$787$759$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$2K$1K$324$0
All other expensesLn 24e$0
Total functional expensesLn 25$14K$10K$4K$61

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 11, 2025 $23K$7K$16K$138K 990 PDF
FY2023 ViewingFiled with the IRS Nov 13, 2024 $24K$14K$10K$150K 990 PDF
FY2022Filed with the IRS May 12, 2023 −$133K$34K−$168K$199K 990 PDF
FY2021Filed with the IRS May 12, 2022 $34K$30K$5K$314K 990 PDF
FY2020Filed with the IRS May 7, 2021 $378K$747$377K$377K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $24,159 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,420$14,075
I-9 Program service revenuePrior year $1,200$4,800
I-10 Investment incomePrior year $53$5,537
I-11 Other revenuePrior year −$386−$253
I-12 Total revenuePrior year $19,287$24,159
I-13 Grants and similar amounts paidPrior year $3,155$120
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,702$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $30,364$14,134
I-18 Total expensesPrior year $35,221$14,254
I-19 Revenue less expensesPrior year −$15,934$9,905
Part VI · Governance 0 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $24,159 across 15 lines filed
Lines not itemized here account for −$253 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$75
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$14,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$14,075
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,800 · Unrelated business $0 · Excluded from tax $0$4,800
VIII-3 Investment incomeRelated to mission $4,149 · Unrelated business $0 · Excluded from tax $0$4,149
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,388 · Unrelated business $0 · Excluded from tax $0$1,388
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $10,084 · Unrelated business $0 · Excluded from tax $0$24,159
Part IX · Statement of functional expenses $14,254 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $120$120
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $41 · Fundraising $0$41
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $7,902 · Management $0 · Fundraising $0$7,902
IX-12 Advertising and promotionPrograms $40 · Management $0 · Fundraising $61$101
IX-13 Office expensesPrograms $21 · Management $1,648 · Fundraising $0$1,669
IX-14 Information technologyPrograms $0 · Management $1,068 · Fundraising $0$1,068
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $787 · Management $759 · Fundraising $0$1,546
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $1,483 · Management $324 · Fundraising $0$1,807
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $10,353 · Management $3,840 · Fundraising $61$14,254
Part X · Balance sheet $406,402 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $21,435$78,916
X-2 Savings and temporary cash investmentsStart of year $143,452$34,981
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $161,449$163,421
X-11 Publicly traded securities$10,000
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets−$1
X-15 Other assetsStart of year $136,825$119,085
X-16 Total assetsStart of year $463,161$406,402
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $261,353$256,522
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $261,353$256,522
X-29 Capital stock or trust principalStart of year $64,983$30,795
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $136,825$119,085
X-32 Total net assets or fund balancesStart of year $201,808$149,880
X-33 Total liabilities and net assetsStart of year $463,161$406,402
Part XI · Reconciliation of net assets $149,880 net assets at year end
XI-1 Total revenue$24,159
XI-2 Total expenses$14,254
XI-3 Revenue less expenses$9,905
XI-4 Net assets at start of year$201,808
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$61,833
XI-10 Net assets at end of year$149,880

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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