4th Purpose Foundation was created to be a catalyst to make prison a place of transformation.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
2 of 5
filings with a surplus
Average surplus $1.6M a year · 71% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Plus $6.4M in investments, Pt X · Ln 11–13
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$780K
+28% vs prior year
Spent
$753K
To programs
86%
Net assets
$10.0M
By yearFY2020–FY2024
Revenue
$780K
FY2024▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.6M
FY2021$393K
FY2022$594K
FY2023$610K
FY2024$780K
Expenses
$753K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$112K
FY2021$558K
FY2022$1.1M
FY2023$636K
FY2024$753K
Net assets
$10.0M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.3M
FY2021$10.9M
FY2022$9.0M
FY2023$9.6M
FY2024$10.0M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2020.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $647K Management & general 14% · $106K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Regular Mana
$0Pt VII · Sec A
Regular Mana
$0Pt VII · Sec A
President &
$0Pt VII · Sec A
Special Mana
$0Pt VII · Sec A
Regular Mana
$0Pt VII · Sec A

Tony C Powers’s $120K as President is at the 91st percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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

Transforms prisons into places of rehabilitation and positive change.

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Provided by the organization

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1 program · $647K · in their own filed words · FY2024
01

Make prison a place of transformation by making a positive impact to our prison systems across the country through resources, education, and support around correction staff members, inmates, and the greater community.

$647Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$110K
Grants paid · 2 grants · $100K · 2022–2023

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$780K
Ln 12
Other incomeLn 4–11$328K
Investment incomeLn 3$318K
Gifts and grantsLn 1h$134K
Money outPt IX
$753K
Ln 25
Programscol B$647K
Managementcol C$106K
Owns and owesPt X
$10.0M
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$12.8M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$134K
Government grantsLn 1e$24K
Investment incomeLn 3$318K
Other incomeLn 4–11$328K
Gains on assetsLn 7$150K
Total revenueLn 12$780K
Assets in detailPt X, end of year
SavingsLn 2$300K
Cash and savings togetherLn 1–2$300K
InvestmentsLn 11–13$6.4M
Land, buildings, equipmentLn 10c$5.1M
Total assetsLn 16$12.8M
LiabilitiesLn 26$2.8M
Net assetsLn 32$10.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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$707K$300K
InvestmentsLn 11–13$5.6M$6.4M
Land, buildings, equipmentLn 10c$5.2M$5.1M
Total assetsLn 16$12.5M$12.8M
LiabilitiesLn 26$2.9M$2.8M
Net assetsLn 32$9.6M$10.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$167K$159K$8K
Other employee benefitsLn 9$10K$10K$516
Payroll taxesLn 10$12K$12K$614
Investment management feesLn 11f$5$5
Other fees for servicesLn 11g$152K$152K
Advertising and promotionLn 12$437$437
Office expensesLn 13$5K$4K$879
Information technologyLn 14$26K$25K$1K
OccupancyLn 16$400$380$20
TravelLn 17$73K$73K
Conferences, conventions and meetingsLn 19$6K$6K
InterestLn 20$105K$105K
Depreciation, depletion and amortizationLn 22$94K$94K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$89K$89K$34
Total functional expensesLn 25$753K$647K$106K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $780K$753K$27K$10.0M 990 PDF
FY2023 $610K$636K−$26K$9.6M 990 PDF
FY2022 $594K$1.1M−$546K$9.0M 990 PDF
FY2021 $393K$558K−$165K$10.9M 990 PDF
FY2020 $8.6M$112K$8.5M$10.3M 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $779,843 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,000$134,250
I-9 Program service revenue$0
I-10 Investment incomePrior year $244,892$318,039
I-11 Other revenuePrior year $341,392$327,554
I-12 Total revenuePrior year $610,284$779,843
I-13 Grants and similar amounts paidPrior year $50,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $85,198$189,566
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $500,894$563,657
I-18 Total expensesPrior year $636,092$753,223
I-19 Revenue less expensesPrior year −$25,808$26,620
Part VI · Governance 3 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
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 $779,843 across 7 lines filed
VIII-1e Government grants$24,000
VIII-1f All other contributions, gifts and grants$110,250
VIII-1h Total contributions, gifts and grants$134,250
VIII-3 Investment incomeExcluded from tax $167,685$167,685
VIII-6 Net rental income or lossExcluded from tax $327,554$327,554
VIII-7 Net gain or loss on sales of assetsExcluded from tax $150,354$150,354
VIII-12 Total revenueExcluded from tax $645,593$779,843
Part IX · Statement of functional expenses $753,223 across 15 lines filed
IX-7 Other salaries and wagesPrograms $158,623 · Management $8,349$166,972
IX-9 Other employee benefitsPrograms $9,801 · Management $516$10,317
IX-10 Payroll taxesPrograms $11,663 · Management $614$12,277
IX-11f Investment management feesManagement $5$5
IX-11g Other fees for servicesPrograms $151,820$151,820
IX-12 Advertising and promotionPrograms $437$437
IX-13 Office expensesPrograms $4,099 · Management $879$4,978
IX-14 Information technologyPrograms $25,030 · Management $1,317$26,347
IX-16 OccupancyPrograms $380 · Management $20$400
IX-17 TravelPrograms $72,893$72,893
IX-19 Conferences, conventions and meetingsPrograms $6,322$6,322
IX-20 InterestPrograms $104,562$104,562
IX-22 Depreciation, depletion and amortizationManagement $94,246$94,246
IX-23 InsurancePrograms $12,427$12,427
IX-24 Other expenses (24a–d)Programs $89,186 · Management $34$89,220
IX-25 Total functional expensesPrograms $647,243 · Management $105,980 · Fundraising $0$753,223
Part X · Balance sheet $12,834,331 assets, 10 lines filed
Asset lines not itemized here account for $1,000,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $706,599$299,826
X-4 Accounts receivable$16,400
X-10c Land, buildings and equipment, netStart of year $5,199,402$5,148,227
X-12 Other securitiesStart of year $5,605,973$6,369,878
X-16 Total assetsStart of year $12,511,974$12,834,331
X-17 Accounts payable and accrued expenses$62,724
X-26 Total liabilitiesStart of year $2,874,750$2,784,474
X-27 Net assets without donor restrictionsStart of year $9,637,224$10,049,857
X-32 Total net assets or fund balancesStart of year $9,637,224$10,049,857
X-33 Total liabilities and net assetsStart of year $12,511,974$12,834,331
Part XI · Reconciliation of net assets $10,049,857 net assets at year end
XI-1 Total revenue$779,843
XI-2 Total expenses$753,223
XI-3 Revenue less expenses$26,620
XI-4 Net assets at start of year$9,637,224
XI-5 Net unrealized gains (losses) on investments$386,013
XI-10 Net assets at end of year$10,049,857

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

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