The Intero Foundation INC: FY2022 Nonprofit Profile & Form 990 (EIN 87-0688284)

Intero foundation seeks to positively impact the well-being of children in the communities we serve by providing monetary support to other locally based charitable organizations.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-0688284) · Dispute this line

$111Kprogram 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 · FY2023

Amazonsmile FoundationFY2023$277

Total grants receivedfrom 1 funder$277

Grants paid · 48 grants · $543K · 2023–2024

The Peninsula College FundCA · FY2024$20,000

Cristo Rey San Jose High SchoolCA · FY2024$15,000

Jw HouseCA · FY2024$15,000

The Good Shepherd FundAZ · FY2024$15,000

There with Care of the Bay AreaCA · FY2024$15,000

The San Jose Sports AuthorityCA · FY2024$15,000

Child Advocates of Silicon Valley INCCA · FY2024$12,500

Bay Area Womens Sports Initiative INCCA · FY2024$12,500

Empower and ExcelCA · FY2024$10,000

Boys & Girls Club of Tracy INCCA · FY2024$10,000

Jovenes De Antano Del Condado De San BenitoCA · FY2024$10,000

Parents Helping Parents INCCA · FY2024$10,000

East Palo Alto Kids FoundationCA · FY2024$10,000

Mentor Tutor ConnectionCA · FY2024$10,000

Ronald McDonald House Charities-Bay AreaCA · FY2024$10,000

American Cancer Society INCGA · FY2024$10,000

Morgan Hill Community FoundationCA · FY2024$8,000

Sam and Socks Riding SchoolCA · FY2024$8,000

See all 48 grants →

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$433K

Ln 12

Gifts and grantsLn 1h$406K

Investment incomeLn 3$27K

Money outPt IX

$154K

Ln 25

Programscol B$111K

Managementcol C$42K

Fundraisingcol D$2K

Owns and owesPt X

$2.0M

net assets · Ln 32

Cash and savingsLn 1–2$346K

Total assetsLn 16$2.0M

LiabilitiesLn 26$0

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$406K

Noncash giftsLn 1g$452

Fundraising eventsLn 1c$5K

Investment incomeLn 3$27K

Gains on assetsLn 7−$9K

Total revenueLn 12$433K

Assets in detailPt X, end of year

CashLn 1$338K

SavingsLn 2$8K

Cash and savings togetherLn 1–2$346K

InvestmentsLn 11–13$1.6M

Total assetsLn 16$2.0M

LiabilitiesLn 26$0

Net assetsLn 32$2.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 625

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$219K	$346K
InvestmentsLn 11–13	$1.5M	$1.6M
Total assetsLn 16	$1.7M	$2.0M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.7M	$2.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$111K	$111K
Accounting feesLn 11c	$22K	$0	$22K	$0
Investment management feesLn 11f	$20K	$0	$20K	$0
Other expenses (24a–d)Ln 24	$2K	$0	$0	$2K
Total functional expensesLn 25	$154K	$111K	$42K	$2K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Nov 10, 2025	$400K	$373K	$27K	$2.0M	990 PDF
FY2023Filed with the IRS Aug 9, 2024	$325K	$349K	−$24K	$1.9M	990 PDF
FY2022 ViewingFiled with the IRS Nov 8, 2023	$433K	$154K	$279K	$2.0M	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$674K	$537K	$138K	$1.7M	990 PDF
FY2020Filed with the IRS Nov 15, 2021	$497K	$309K	$189K	$1.6M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2022 990

Part I · Summary $433,318 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $653,417$406,500

I-9 Program service revenue$0

I-10 Investment incomePrior year $20,796$26,818

I-11 Other revenue$0

I-12 Total revenuePrior year $674,213$433,318

I-13 Grants and similar amounts paidPrior year $488,000$111,200

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $48,649$43,124

I-18 Total expensesPrior year $536,649$154,324

I-19 Revenue less expensesPrior year $137,564$278,994

Part VI · Governance 8 of 8 board members independent, 5 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-2 Family or business relationship among officers or directorsYes

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

Part VIII · Statement of revenue $433,318 across 7 lines filed

VIII-1c Fundraising events$5,426

VIII-1f All other contributions, gifts and grants$401,074

VIII-1g Noncash contributions (included above)$452

VIII-1h Total contributions, gifts and grants$406,500

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $35,897$35,897

VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$9,079−$9,079

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $26,818$433,318

Part IX · Statement of functional expenses $154,324 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $111,200$111,200

IX-11c Accounting feesPrograms $0 · Management $21,500 · Fundraising $0$21,500

IX-11f Investment management feesPrograms $0 · Management $20,032 · Fundraising $0$20,032

IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $1,592$1,592

IX-25 Total functional expensesPrograms $111,200 · Management $41,532 · Fundraising $1,592$154,324

Part X · Balance sheet $1,968,702 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $211,293$338,324

X-2 Savings and temporary cash investmentsStart of year $7,677$7,749

X-11 Publicly traded securitiesStart of year $1,470,738$1,622,629

X-16 Total assetsStart of year $1,689,708$1,968,702

X-26 Total liabilitiesStart of year $0$0

X-31 Retained earnings or endowmentStart of year $1,689,708$1,968,702

X-32 Total net assets or fund balancesStart of year $1,689,708$1,968,702

X-33 Total liabilities and net assetsStart of year $1,689,708$1,968,702

Part XI · Reconciliation of net assets $1,968,702 net assets at year end

XI-1 Total revenue$433,318

XI-2 Total expenses$154,324

XI-3 Revenue less expenses$278,994

XI-4 Net assets at start of year$1,689,708

XI-10 Net assets at end of year$1,968,702

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Intero Foundation INC FY2022 filing

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Where the money goes

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Questions the 990 asks

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Questions for The Intero Foundation INC