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Fn Foundation INC FY2023 filing

Tax-deductible

New York, NY501(c)(3)Human Services EIN 82-3813993Revenue $1.4M in FY2023

On file with the IRS545 W 25th Street Basement, 10001-5501 · New York, NYTax-exempt since Aug 2018Publicly supported charity — 170(b)(1)(A)(vi)

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To help proverty stricken people, providing financial assistance, food , clothing and supplies

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

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $353K a year · 38% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 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
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $688K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$405
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+101% vs prior year
Spent
$1.2M
To programs
93%
Net assets
$296K
By yearFY2020–FY2024
Revenue
$1.4M
FY2023▲ +101%
Tap a bar for its year
Revenue by fiscal year
FY2020$621K
FY2021$1.2M
FY2022$690K
FY2023$1.4M
FY2024$789K
Expenses
$1.2M
FY2023▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$804K
FY2023$1.2M
FY2024$1.0M
Net assets
$296K
FY2023▲ +244%
Tap a bar for its year
Net assets by fiscal year
FY2020$748K
FY2021$202K
FY2022$86K
FY2023$296K
FY2024$64K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
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 Aug 2018.

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% · $1.1M Management & general 6% · $70K Fundraising 1% · $14K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fn Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial aid, food, clothing, and supplies to people in poverty.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2023
01

Donations to Help Proverty Stricken People

$1.1Mprogram 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
Paypal Charitable Giving FundFY2024$688K
Total grants receivedfrom 1 funder$688K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$70K
Fundraisingcol D$14K
Owns and owesPt X
$296K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$297K
LiabilitiesLn 26$405
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$272K
Cash and savings togetherLn 1–2$272K
Land, buildings, equipmentLn 10c$24K
Total assetsLn 16$297K
LiabilitiesLn 26$405
Net assetsLn 32$296K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$53K$272K
Land, buildings, equipmentLn 10c$34K$24K
Total assetsLn 16$87K$297K
LiabilitiesLn 26$521$405
Net assetsLn 32$86K$296K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$1.1M$1.1M
Management feesLn 11a$6K$0$6K$0
Legal feesLn 11b$838$0$838$0
Accounting feesLn 11c$1K$0$1K$0
Professional fundraising feesLn 11e$14K$14K
Advertising and promotionLn 12$198$0$198$0
Office expensesLn 13$9K$0$9K$0
TravelLn 17$34K$0$34K$0
Depreciation, depletion and amortizationLn 22$9K$0$9K$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$8K$0$8K$0
Total functional expensesLn 25$1.2M$1.1M$70K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $789K$1.0M−$233K$64K 990 PDF
FY2023 Viewing $1.4M$1.2M$210K$296K 990 PDF
FY2022 $690K$804K−$114K$86K 990 PDF
FY2021 $1.2M$1.7M−$546K$202K 990 PDF
FY2020 $621K$1.7M−$1.1M$748K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,384,941 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $690,358$1,384,941
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $690,358$1,384,941
I-13 Grants and similar amounts paidPrior year $723,975$1,090,876
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,288$0
I-16a Professional fundraising feesPrior year $18,718$13,817
I-17 Other expensesPrior year $55,151$70,190
I-18 Total expensesPrior year $804,132$1,174,883
I-19 Revenue less expensesPrior year −$113,774$210,058
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $1,384,941 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,384,941
VIII-12 Total revenueRelated to mission $1,384,941 · Unrelated business $0 · Excluded from tax $0$1,384,941
Part IX · Statement of functional expenses $1,174,883 across 11 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $1,090,876$1,090,876
IX-11a Management feesPrograms $0 · Management $6,000 · Fundraising $0$6,000
IX-11b Legal feesPrograms $0 · Management $838 · Fundraising $0$838
IX-11c Accounting feesPrograms $0 · Management $1,250 · Fundraising $0$1,250
IX-11e Professional fundraising feesFundraising $13,817$13,817
IX-12 Advertising and promotionPrograms $0 · Management $198 · Fundraising $0$198
IX-13 Office expensesPrograms $0 · Management $9,113 · Fundraising $0$9,113
IX-17 TravelPrograms $0 · Management $33,905 · Fundraising $0$33,905
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $9,258 · Fundraising $0$9,258
IX-23 InsurancePrograms $0 · Management $1,816 · Fundraising $0$1,816
IX-24 Other expenses (24a–d)Programs $0 · Management $7,812 · Fundraising $0$7,812
IX-25 Total functional expensesPrograms $1,090,876 · Management $70,190 · Fundraising $13,817$1,174,883
Part X · Balance sheet $296,562 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $52,968$272,167
X-10c Land, buildings and equipment, netStart of year $33,653$24,395
X-16 Total assetsStart of year $86,621$296,562
X-17 Accounts payable and accrued expensesStart of year $521$405
X-26 Total liabilitiesStart of year $521$405
X-27 Net assets without donor restrictionsStart of year $86,100$296,157
X-32 Total net assets or fund balancesStart of year $86,100$296,157
X-33 Total liabilities and net assetsStart of year $86,621$296,562
Part XI · Reconciliation of net assets $296,157 net assets at year end
XI-1 Total revenue$1,384,941
XI-2 Total expenses$1,174,883
XI-3 Revenue less expenses$210,058
XI-4 Net assets at start of year$86,100
XI-10 Net assets at end of year$296,157

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

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