Preterm Foundation: Nonprofit Profile, Financials & Form 990 (EIN 34-1778387)

Revenue by fiscal year
FY2021	$332K
FY2022	−$222K
FY2023	$396K
FY2024	$127K
FY2025	$158K

Expenses by fiscal year
FY2021	$144K
FY2022	$36K
FY2023	$599K
FY2024	$648K
FY2025	$251K

Net assets by fiscal year
FY2021	$5.5M
FY2022	$5.3M
FY2023	$4.9M
FY2024	$4.7M
FY2025	$4.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1995.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $251K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Bethany Lewis

Director

$0Pt VII · Sec A

Chris Davies

President

$0Pt VII · Sec A

Maria Phillis

Secretary

$0Pt VII · Sec A

Sam Hanley

Vice President

$0Pt VII · Sec A

Rachel Kacenjar

Treasurer

$0Pt VII · Sec A

Kate Snow

Member

$0Pt VII · Sec A

Dallas Schubert

Member

$0Pt VII · Sec A

Elizabeth Napela

Member

$0Pt VII · Sec A

See Preterm 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 15aYes

Programs and updates

Raises funds to provide medical and office space for a related nonprofit.

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1 program · $251K · in their own filed words · FY2024

01

To raise funds to provide medical and office space for a related nonprofit.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1778387) · Dispute this line

$251Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2021

Johnson Charitable Gift FundFY2021$10K

Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$158K

Ln 12

Other incomeLn 4–11$80K

Investment incomeLn 3$77K

Gifts and grantsLn 1h$850

Money outPt IX

$251K

Ln 25

Programscol B$251K

Owns and owesPt X

$4.9M

net assets · Ln 32

Cash and savingsLn 1–2$3.3M

Total assetsLn 16$4.9M

LiabilitiesLn 26$0

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$850

Investment incomeLn 3$77K

Other incomeLn 4–11$80K

Total revenueLn 12$158K

Assets in detailPt X, end of year

CashLn 1$28K

SavingsLn 2$3.3M

Cash and savings togetherLn 1–2$3.3M

Notes and loans receivableLn 7$88K

Prepaid expenses and deferred chargesLn 9$16K

Land, buildings, equipmentLn 10c$1.5M

Total assetsLn 16$4.9M

LiabilitiesLn 26$0

Net assetsLn 32$4.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

EndowmentSch D · Pt V

Line	FY25	FY24	FY23	FY22	FY21
End of yearLn 1g	$3.3M	$3.1M	$2.9M	$3.2M	$4.0M
SpentLn 1d–1f	$133K	$185K	−$540K		$200K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$3.2M	$3.3M
Land, buildings, equipmentLn 10c	$1.5M	$1.5M
Total assetsLn 16	$4.7M	$4.9M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$4.7M	$4.9M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$950	$950
Other fees for servicesLn 11g	$2K	$2K
Office expensesLn 13	$781	$781
Depreciation, depletion and amortizationLn 22	$88K	$88K
InsuranceLn 23	$1K	$1K
Other expenses (24a–d)Ln 24	$158K	$158K
Total functional expensesLn 25	$251K	$251K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 12, 2026	$158K	$251K	−$93K	$4.9M	990 PDF
FY2024Filed with the IRS May 13, 2025	$127K	$648K	−$521K	$4.7M	990 PDF
FY2023Filed with the IRS May 15, 2024	$396K	$599K	−$204K	$4.9M	990 PDF
FY2022Filed with the IRS May 15, 2023	−$222K	$36K	−$259K	$5.3M	990 PDF
FY2021Filed with the IRS Apr 1, 2022	$332K	$144K	$187K	$5.5M	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments O · Explanations R · Related orgs

See the full FY2025 990

Part I · Summary $158,450 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $32,691$850

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $71,078$77,200

I-11 Other revenuePrior year $23,572$80,400

I-12 Total revenuePrior year $127,341$158,450

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $648,347$251,339

I-18 Total expensesPrior year $648,347$251,339

I-19 Revenue less expensesPrior year −$521,006−$92,889

Part VI · Governance 6 of 6 board members independent, no flags

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $158,450 across 5 lines filed

VIII-1f All other contributions, gifts and grants$850

VIII-1h Total contributions, gifts and grants$850

VIII-3 Investment incomeExcluded from tax $77,200$77,200

VIII-6 Net rental income or lossRelated to mission $80,400$80,400

VIII-12 Total revenueRelated to mission $80,400 · Unrelated business $0 · Excluded from tax $77,200$158,450

Part IX · Statement of functional expenses $251,339 across 6 lines filed

IX-11b Legal feesPrograms $950$950

IX-11g Other fees for servicesPrograms $2,000$2,000

IX-13 Office expensesPrograms $781$781

IX-22 Depreciation, depletion and amortizationPrograms $88,143$88,143

IX-23 InsurancePrograms $1,428$1,428

IX-24 Other expenses (24a–d)Programs $158,037$158,037

IX-25 Total functional expensesPrograms $251,339 · Management $0 · Fundraising $0$251,339

Part X · Balance sheet $4,879,387 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $105,554$28,386

X-2 Savings and temporary cash investmentsStart of year $3,075,675$3,286,183

X-7 Notes and loans receivable$87,689

X-9 Prepaid expenses and deferred charges$15,708

X-10c Land, buildings and equipment, netStart of year $1,524,681$1,461,421

X-16 Total assetsStart of year $4,705,910$4,879,387

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $2,565,385$2,738,862

X-28 Net assets with donor restrictionsStart of year $2,140,525$2,140,525

X-32 Total net assets or fund balancesStart of year $4,705,910$4,879,387

X-33 Total liabilities and net assetsStart of year $4,705,910$4,879,387

Part XI · Reconciliation of net assets $4,879,387 net assets at year end

XI-1 Total revenue$158,450

XI-2 Total expenses$251,339

XI-3 Revenue less expenses−$92,889

XI-4 Net assets at start of year$4,705,910

XI-5 Net unrealized gains (losses) on investments$266,366

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,879,387

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Preterm Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Preterm Foundation

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV