Made New Foundation INC FY2024 filing

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The nonprofit organization is dedicated to facilitating the reintegration of formerly incarcerated individuals into society. Additionally, it aims to elevate and support underprivileged communities by harnessing the transformative power of Artificial Intelligence and Virtual Reality to improve lives and societal structures.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$82K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
2 of 2
filings with a surplus
Average surplus $59K a year · 16% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
−$576
-0.9% of total assets
Looks good: liabilities are -1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$247K
×20 vs prior year
Spent
$179K
To programs
88%
Net assets
$67K
By yearFY2022–FY2025
Revenue
$247K
FY2024▲ ×20
Tap a bar for its year
Revenue by fiscal year
FY2022$0
FY2023$12K
FY2024$247K
FY2025$488K
Expenses
$179K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$179K
FY2025$436K
Net assets
$67K
FY2024▲ ×10
Tap a bar for its year
Net assets by fiscal year
FY2022$0
FY2023$7K
FY2024$67K
FY2025$115K

From the FY2024 Form 990 · 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 Apr 2022.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $159K Management & general 12% · $21K

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; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrative Director
$27,950Pt VII · Sec A
Community Engagement Director
$21,100Pt VII · Sec A
Executive Director
$16,500Pt VII · Sec A
Director of Programming
$16,280Pt VII · Sec A
Director of Innovation
$0Pt VII · Sec A

Major Bunton’s $53K as Director of Programming is at the 29th percentile of top reported officer pay among 1404 $100K–1M crime & legal 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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023
Major Bunton$53,335$16,280—
Shannon Royster$52,900$27,950$1,000
Sithy Bin$52,250$21,100$720
Rafael Quiroz$52,000$16,500—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Made New Foundation INC 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

Helps formerly incarcerated people rejoin society and uplifts communities using AI and VR.

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1 program · $159K · in their own filed words · FY2024
01

Improved Program Description

Virtual Reality Coaching & Online Training: The organization offers cutting-edge Virtual Reality (VR) coaching services to provide immersive, real-world training experiences. These programs empower individuals to develop essential life skills, such as communication, decision-making, and conflict resolution, in a safe and controlled…

$159Kprogram 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
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Gifts and grantsLn 1h$247K
Money outPt IX
$179K
Ln 25
Programscol B$159K
Managementcol C$21K
Owns and owesPt X
$67K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$67K
LiabilitiesLn 26−$576
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$63K
Cash and savings togetherLn 1–2$63K
Total assetsLn 16$67K
LiabilitiesLn 26−$576
Net assetsLn 32$67K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$63K
Total assetsLn 16$0$67K
LiabilitiesLn 26$0−$576
Net assetsLn 32$0$67K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Pay of current officers, directors and key staffLn 5$78K$78K
Other salaries and wagesLn 7$48K$28K$20K
Payroll taxesLn 10$20K$20K
Management feesLn 11a$750$750
Legal feesLn 11b$25$25
Accounting feesLn 11c$3K$3K$337
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$344$272$72
Information technologyLn 14$6K$6K
OccupancyLn 16$10K$10K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$109$109
Conferences, conventions and meetingsLn 19$60$60
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$3K$3K$221$0
Total functional expensesLn 25$179K$159K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 20, 2026 $488K$436K$51K$115K 990 PDF
FY2024 ViewingFiled with the IRS Mar 25, 2025 $247K$179K$67K$67K 990 PDF
FY2023Filed with the IRS Jun 27, 2024 $12K$7K 990 PDF
FY2022Filed with the IRS Jan 26, 2024 $0$0 990 PDF

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 $246,584 revenue, 12 lines filed
I-8 Contributions and grants$246,584
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $0$246,584
I-13 Grants and similar amounts paid$2,360
I-14 Benefits paid to members$0
I-15 Salaries and benefits$146,103
I-16a Professional fundraising fees$0
I-17 Other expenses$30,879
I-18 Total expensesPrior year $0$179,342
I-19 Revenue less expensesPrior year $0$67,242
Part VI · Governance 2 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
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 $246,584 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$246,584
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$246,584
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$246,584
Part IX · Statement of functional expenses $179,342 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $2,360$2,360
IX-5 Pay of current officers, directors and key staffPrograms $78,130$78,130
IX-7 Other salaries and wagesPrograms $27,545 · Management $20,031$47,576
IX-10 Payroll taxesPrograms $20,397$20,397
IX-11a Management feesPrograms $750$750
IX-11b Legal feesPrograms $25$25
IX-11c Accounting feesPrograms $2,825 · Management $337$3,162
IX-12 Advertising and promotionPrograms $1,920$1,920
IX-13 Office expensesPrograms $272 · Management $72$344
IX-14 Information technologyPrograms $6,484$6,484
IX-16 OccupancyPrograms $10,000$10,000
IX-17 TravelPrograms $2,090$2,090
IX-18 Travel and entertainment for public officialsPrograms $109$109
IX-19 Conferences, conventions and meetingsManagement $60$60
IX-23 InsurancePrograms $3,130$3,130
IX-24 Other expenses (24a–d)Programs $2,584 · Management $221 · Fundraising $0$2,805
IX-25 Total functional expensesPrograms $158,621 · Management $20,721 · Fundraising $0$179,342
Part X · Balance sheet $66,666 assets, 7 lines filed
X-1 Cash, non-interest-bearing$63,392
X-14 Intangible assets$3,274
X-16 Total assetsStart of year $0$66,666
X-17 Accounts payable and accrued expenses−$576
X-26 Total liabilitiesStart of year $0−$576
X-32 Total net assets or fund balancesStart of year $0$67,242
X-33 Total liabilities and net assetsStart of year $0$66,666
Part XI · Reconciliation of net assets $67,242 net assets at year end
XI-1 Total revenue$246,584
XI-2 Total expenses$179,342
XI-3 Revenue less expenses$67,242
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$67,242

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

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