Founding Four INC FY2023 filing

Fort Wayne, IN · Supporting organization · Mental Health

✓ Tax-deductible
Revenue
$2.4M
Spent
$244K
To programs
11%
Net assets
$2.1M
By yearFY2023–FY2024
Revenue
$2.4M
FY2023
Revenue by fiscal year
FY2023$2.4M
FY2024$329K
Expenses
$244K
FY2023
Expenses by fiscal year
FY2023$244K
FY2024$401K
Net assets
$2.1M
FY2023
Net assets by fiscal year
FY2023$2.1M
FY2024$2.1M

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CFounding Four INC
EINHdr · item D92-2233969
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2023
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CFort Wayne, IN
NTEE classificationIRS BMFMental Health (F19)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.11 Management & general $0.89
Program services11%$27K
Management & general89%$217K
Total functional expensesLn 25$244K

Financial health

Is it on solid ground?

Net inflow
+90%
revenue over expenses, this year
Pass-through gifts
91%
of revenue from contributions
Program spending
11%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$4.9M
FY2023
Total assets by fiscal year
FY2023$4.9M
FY2024$4.7M
Total liabilities
$2.7M
FY2023
Total liabilities by fiscal year
FY2023$2.7M
FY2024$2.7M
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$4.9M
Program-expense ratioPt IX · col B11%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$304K
Total assetsLn 16$4.9M
Total liabilitiesLn 26$2.7M
Total net assetsLn 32$2.1M
Months of cash on handcomputed14.9

Statement of Revenue

Part VIII
Contributions & grants$2.2M · 91%
Program service revenue$233K · 10%
Contributions & grants91%$2.2M
Program service revenue10%$233K
Investment income$323
Total revenueLn 12$2.4M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $304K · Operating expenses/yr $244K
14.9 months
Where the money goes
Program services
Program services $27K · Total expenses $244K
11%
Management & General
Management & general $217K · Total expenses $244K
89%
Fundraising
Fundraising $0 · Total expenses $244K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $2.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.2M · Total revenue $2.4M
91%
Government reliance
Government grants — · Total revenue $2.4M
—
Earned-income share
Program service revenue $233K · Total revenue $2.4M
10%
Investment reliance
Investment income $323 · Total revenue $2.4M
+0.01%
Program self-sufficiency
Program service revenue $233K · Total expenses $244K
95%
Growth & trend
Revenue growth (YoY)
This year $2.4M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.4M · Expenses $244K
+90%
Liabilities-to-Assets
Total liabilities — · Total assets $4.9M
—
Net-asset ratio
Net assets $2.1M · Total assets $4.9M
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jill Forte · Reported title CEO · Highest reported compensation $0 · Total expenses $244K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $244K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 11%——
Overhead ratio 89%——
Fundraising cost ratio 0%——
Legal fee ratio 0.4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President/Tr
$0Pt VII · Sec A
Vice Pres./S
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Founding Four INC executive salaries →

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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports a center dedicated to helping children with autism.

Provided by the organization

This section is blank until Founding Four INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $27K of program spending, described in the organization's own filed words · FY2023.
01

During 2023, founding four purchased land and a building with the purpose of being occupied, in part, by children's autism center. The purchase also included retail and office space that will allow for diversifaction of revenue and opportunities to further children's autism center's mission expansion.

$27Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$2.2M

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $329K$401K-86% 990 PDF
FY2023 Viewing $2.4M$244K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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