Preterm Foundation: FY2024 Nonprofit Profile & 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% · $648K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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

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.

Questions for Preterm Foundation

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1 program · $648K · in their own filed words · FY2023

01

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

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1778387) · Dispute this line

$648Kprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$127K

Ln 12

Investment incomeLn 3$71K

Gifts and grantsLn 1h$33K

Other incomeLn 4–11$24K

Money outPt IX

$648K

Ln 25

Programscol B$648K

Owns and owesPt X

$4.7M

net assets · Ln 32

Cash and savingsLn 1–2$3.2M

Total assetsLn 16$4.7M

LiabilitiesLn 26$0

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$33K

Investment incomeLn 3$71K

Other incomeLn 4–11$24K

Total revenueLn 12$127K

Assets in detailPt X, end of year

CashLn 1$106K

SavingsLn 2$3.1M

Cash and savings togetherLn 1–2$3.2M

Land, buildings, equipmentLn 10c$1.5M

Total assetsLn 16$4.7M

LiabilitiesLn 26$0

Net assetsLn 32$4.7M

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	FY24	FY23	FY22	FY21	FY20
End of yearLn 1g	$3.1M	$2.9M	$3.2M	$4.0M	$3.4M
SpentLn 1d–1f	$185K	−$540K		$200K

4Year over year

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$3.0M	$3.2M
Land, buildings, equipmentLn 10c	$1.6M	$1.5M
Total assetsLn 16	$4.9M	$4.7M
LiabilitiesLn 26	$363	$0
Net assetsLn 32	$4.9M	$4.7M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Office expensesLn 13	$748	$748
Depreciation, depletion and amortizationLn 22	$88K	$88K
Other expenses (24a–d)Ln 24	$560K	$560K
Total functional expensesLn 25	$648K	$648K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS May 12, 2026	$158K	$251K	−$93K	$4.9M	990 PDF
FY2024 ViewingFiled 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 I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $127,341 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $306,190$32,691

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $74,796$71,078

I-11 Other revenuePrior year $14,572$23,572

I-12 Total revenuePrior year $395,558$127,341

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 $599,110$648,347

I-18 Total expensesPrior year $599,110$648,347

I-19 Revenue less expensesPrior year −$203,552−$521,006

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 $127,341 across 5 lines filed

VIII-1f All other contributions, gifts and grants$32,691

VIII-1h Total contributions, gifts and grants$32,691

VIII-3 Investment incomeExcluded from tax $71,078$71,078

VIII-6 Net rental income or lossRelated to mission $23,572$23,572

VIII-12 Total revenueRelated to mission $23,572 · Unrelated business $0 · Excluded from tax $71,078$127,341

Part IX · Statement of functional expenses $648,347 across 3 lines filed

IX-13 Office expensesPrograms $748$748

IX-22 Depreciation, depletion and amortizationPrograms $88,023$88,023

IX-24 Other expenses (24a–d)Programs $559,576$559,576

IX-25 Total functional expensesPrograms $648,347 · Management $0 · Fundraising $0$648,347

Part X · Balance sheet $4,705,910 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $69,870$105,554

X-2 Savings and temporary cash investmentsStart of year $2,884,209$3,075,675

X-10c Land, buildings and equipment, netStart of year $1,612,704$1,524,681

X-16 Total assetsStart of year $4,921,586$4,705,910

X-26 Total liabilitiesStart of year $363$0

X-27 Net assets without donor restrictionsStart of year $2,780,698$2,565,385

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 $4,921,223$4,705,910

X-33 Total liabilities and net assetsStart of year $4,921,586$4,705,910

Part XI · Reconciliation of net assets $4,705,910 net assets at year end

XI-1 Total revenue$127,341

XI-2 Total expenses$648,347

XI-3 Revenue less expenses−$521,006

XI-4 Net assets at start of year$4,921,223

XI-5 Net unrealized gains (losses) on investments$305,693

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,705,910

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Preterm Foundation FY2024 filing

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

By the numbers

Filing history

Schedules filed Part IV

Preterm Foundation FY2024 filing

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