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Foundation for Peace FY2024 filing

Tax-deductible

Washington, DC501(c)(3)Since 2003InternationalEIN 55-0810709Revenue $1.0M in FY2024

On file with the IRSfoundationforpeace.org712 H Street Ne Suite 1410, 20002-3627 · Washington, DCTax-exempt since Jul 2003Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation for Peace is a 501(c)(3) not-for profit organization dedicated to education in the united states and to working hand in hand with people in materially impoverished areas of the dominican republic, haiti, and kenya to provide educational support, healthcare access, economic opportunity and hope. We work together as long-term partners in solidarity to enable personal success and community achievement. We believe this will result in sustainable and successful initiatives that relieve the effects of poverty, encourage personal growth, and overcome injustice.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $77K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$488K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+0.4% vs prior year
Spent
$889K
To programs
93%
Net assets
$476K
By yearFY2020–FY2025
Revenue
$1.0M
FY2024+0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$672K
FY2022$659K
FY2023$1.0M
FY2024$1.0M
FY2025$1.2M
Expenses
$889K
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$717K
FY2022$758K
FY2023$1.0M
FY2024$889K
FY2025$1.1M
Net assets
$476K
FY2024▲ +46%
Tap a bar for its year
Net assets by fiscal year
FY2020$543K
FY2021$456K
FY2022$261K
FY2023$326K
FY2024$476K
FY2025$637K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2003.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $824K Management & general 7% · $65K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Kenneth Culver
President and Executive Di
$0Pt VII · Sec A
Joy Fowler Spragens
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Frank Speranza
Co-Chairman
$0Pt VII · Sec A
Bob Broeze
Trustee
$0Pt VII · Sec A
Betty Jean
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Foundation for Peace executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides education and support in impoverished areas abroad and in the U.S.

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Provided by the organization

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1 program · $824K · in their own filed words · FY2024
01

Mission Trip Programs

We had 14 trips in 2024, 13 to the dominican republic (DR) and one to kenya. There were 273 team member's total. A new church construction project was begun in the community of kilombo. The team from college hill and stewartsville presbyterian churches dug the footings and built the walls of the new church.

$824Kprogram 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 · FY2024
Raymond James Charitable Endowment FundFY2024$28K
Paypal Charitable Giving FundFY2024$18K
Fidelity Investments Charitable Gift FundFY2024$18K
Vanguard Charitable Endowment ProgramFY2024$12K
Making a Difference FoundationFY2024$1K
Total grants receivedfrom 5 funders$77K
See all 5 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$671K
Fees for servicesLn 2g$336K
Investment incomeLn 3$9K
Money outPt IX
$889K
Ln 25
Programscol B$824K
Managementcol C$65K
Owns and owesPt X
$476K
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$965K
LiabilitiesLn 26$488K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$671K
Noncash giftsLn 1g$197K
Fees for servicesLn 2g$336K
Investment incomeLn 3$9K
Gains on assetsLn 7−$3K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$116K
Cash and savings togetherLn 1–2$116K
InvestmentsLn 11–13$545K
Land, buildings, equipmentLn 10c$207K
Other assetsLn 15$80K
Total assetsLn 16$965K
LiabilitiesLn 26$488K
Net assetsLn 32$476K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6304
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$79K$116K
InvestmentsLn 11–13$486K$545K
Land, buildings, equipmentLn 10c$188K$207K
Total assetsLn 16$841K$965K
LiabilitiesLn 26$515K$488K
Net assetsLn 32$326K$476K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$595K$595K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$16K$52$16K
Office expensesLn 13$2K$2K
Information technologyLn 14$30K$30K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$10K$10K$154
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$198K$189K$9K
Total functional expensesLn 25$889K$824K$65K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.1M$100K$637K 990 PDF
FY2024 Viewing $1.0M$889K$128K$476K 990 PDF
FY2023 $1.0M$1.0M$1K$326K 990 PDF
FY2022 $659K$758K−$99K$261K 990 PDF
FY2021 $672K$717K−$45K$456K 990 PDF
FY2020 $1.1M$1.1M−$48K$543K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,016,516 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $964,120$671,383
I-9 Program service revenuePrior year $30,972$336,081
I-10 Investment incomePrior year $17,596$9,052
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,012,688$1,016,516
I-13 Grants and similar amounts paidPrior year $751,788$595,238
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 $259,599$293,616
I-18 Total expensesPrior year $1,011,387$888,854
I-19 Revenue less expensesPrior year $1,301$127,662
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,016,516 across 7 lines filed
VIII-1f All other contributions, gifts and grants$671,383
VIII-1g Noncash contributions (included above)$197,114
VIII-1h Total contributions, gifts and grants$671,383
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $336,081$336,081
VIII-3 Investment incomeExcluded from tax $12,487$12,487
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,435−$3,435
VIII-12 Total revenueRelated to mission $336,081 · Unrelated business $0 · Excluded from tax $9,052$1,016,516
Part IX · Statement of functional expenses $888,854 across 10 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $595,238$595,238
IX-11b Legal feesManagement $1,617$1,617
IX-11c Accounting feesManagement $14,421$14,421
IX-11g Other fees for servicesPrograms $52 · Management $15,936$15,988
IX-13 Office expensesManagement $2,162$2,162
IX-14 Information technologyPrograms $30,142$30,142
IX-20 InterestManagement $11,717$11,717
IX-22 Depreciation, depletion and amortizationPrograms $9,716 · Management $154$9,870
IX-23 InsuranceManagement $9,842$9,842
IX-24 Other expenses (24a–d)Programs $188,930 · Management $8,927$197,857
IX-25 Total functional expensesPrograms $824,078 · Management $64,776 · Fundraising $0$888,854
Part X · Balance sheet $964,768 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $78,631$115,605
X-4 Accounts receivableStart of year $8,200$17,000
X-10c Land, buildings and equipment, netStart of year $188,255$206,871
X-11 Publicly traded securitiesStart of year $485,875$545,292
X-15 Other assetsStart of year $80,000$80,000
X-16 Total assetsStart of year $840,961$964,768
X-17 Accounts payable and accrued expensesStart of year $24,697$19,957
X-25 Other liabilitiesStart of year $490,341$468,536
X-26 Total liabilitiesStart of year $515,038$488,493
X-27 Net assets without donor restrictionsStart of year $325,923$476,275
X-32 Total net assets or fund balancesStart of year $325,923$476,275
X-33 Total liabilities and net assetsStart of year $840,961$964,768
Part XI · Reconciliation of net assets $476,275 net assets at year end
XI-1 Total revenue$1,016,516
XI-2 Total expenses$888,854
XI-3 Revenue less expenses$127,662
XI-4 Net assets at start of year$325,923
XI-5 Net unrealized gains (losses) on investments$28,591
XI-7 Investment expenses−$5,901
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$476,275

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

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