Foundation Resloution Corp: Nonprofit Profile, Financials & Form 990 (EIN 59-2890430)

Revenue by fiscal year
FY2020	$1.4M
FY2021	$16.6M
FY2022	$0
FY2023	$268

Expenses by fiscal year
FY2020	$1.4M
FY2021	$86K
FY2022	$27K
FY2023	$100K

Net assets by fiscal year
FY2020	−$19.7M
FY2021	−$3.2M
FY2022	−$19.7M
FY2023	−$19.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 1988.

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% · $100K

Form 990 Part IX, line 25. 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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

William Grant

Member

$0Pt VII · Sec A

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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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Pay all debts and distribute remaining assets as agreed.

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Provided by the organization

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1 program · $100K · in their own filed words · FY2022

01

To make provision for the payment of all liabilities of the corporation and dispose of all other assets as provided in the global allocation and contribution agreement between the corporation and cirtur coulnty hospital board according to florida statute 617 1405

$100Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$268

Ln 12

Other incomeLn 4–11$268

Money outPt IX

$100K

Ln 25

Programscol B$100K

Owns and owesPt X

−$19.8M

net assets · Ln 32

Cash and savingsLn 1–2$336K

Total assetsLn 16$336K

LiabilitiesLn 26$20.2M

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$268

Total revenueLn 12$268

Assets in detailPt X, end of year

CashLn 1$336K

Cash and savings togetherLn 1–2$336K

Total assetsLn 16$336K

LiabilitiesLn 26$20.2M

Net assetsLn 32−$19.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$437K	$336K
Total assetsLn 16	$437K	$336K
LiabilitiesLn 26	$20.2M	$20.2M
Net assetsLn 32	−$19.7M	−$19.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$16K	$16K
Accounting feesLn 11c	$561	$561
Other expenses (24a–d)Ln 24	$84K	$84K
Total functional expensesLn 25	$100K	$100K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest Viewing	$268	$100K	−$100K	−$19.8M	990 PDF
FY2022	$0	$27K	−$27K	−$19.7M	990 PDF
FY2021	$16.6M	$86K	$16.5M	−$3.2M	990 PDF
FY2020	$1.4M	$1.4M	−$15K	−$19.7M	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 FY2023 990 (6 parts)

Part I · Summary $268 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$268

I-12 Total revenuePrior year $0$268

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 $0$100,462

I-18 Total expensesPrior year $0$100,462

I-19 Revenue less expensesPrior year $0−$100,194

Part VI · Governance 3 to look at

VI-1a Voting members of the governing body0

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 $268 across 2 lines filed

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $268$268

VIII-12 Total revenueRelated to mission $268 · Unrelated business $0 · Excluded from tax $0$268

Part IX · Statement of functional expenses $100,462 across 3 lines filed

IX-11b Legal feesPrograms $16,095$16,095

IX-11c Accounting feesPrograms $561$561

IX-24 Other expenses (24a–d)Programs $83,806$83,806

IX-25 Total functional expensesPrograms $100,462 · Management $0 · Fundraising $0$100,462

Part X · Balance sheet $336,462 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $436,657$336,462

X-16 Total assetsStart of year $436,657$336,462

X-17 Accounts payable and accrued expensesStart of year $5,700$5,700

X-25 Other liabilitiesStart of year $20,147,648$20,147,648

X-26 Total liabilitiesStart of year $20,153,348$20,153,348

X-27 Net assets without donor restrictionsStart of year −$19,716,691−$19,816,886

X-32 Total net assets or fund balancesStart of year −$19,716,691−$19,816,886

X-33 Total liabilities and net assetsStart of year $436,657$336,462

Part XI · Reconciliation of net assets −$19,816,886 net assets at year end

XI-1 Total revenue$268

XI-2 Total expenses$100,462

XI-3 Revenue less expenses−$100,194

XI-4 Net assets at start of year−$19,716,691

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$19,816,886

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

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