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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 30-0346629

THE FOUNDATION

Tax-exempt · PALM BAY, FL 32910

Financials

$16K$31K2021$19K$35K2022$24K$14K2023$23K$7K2024
Revenue Expenses · by fiscal year end
Financials of THE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$22,579$6,729$15,850$377,718$240,000$137,718
December 31, 2023990$24,159$14,254$9,905$406,402$256,522$149,880
December 31, 2022990 (amended)$19,287$35,221-$15,934$463,161$261,353$201,808
December 31, 2021990 (amended)$16,178$31,227-$15,049$334,927$21,731$313,196
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$16,250
Membership dues
$75
Program service revenue
$3,788
Investment income
$3,726
Other revenue
-$1,185

Expenses

Grants and similar amounts paid
$260
Compensation of officers, directors and key employees
-$1
Salaries, compensation and benefits (total)
-$1
Professional fundraising fees
$0
Occupancy
$897
Travel
$8
Program services (functional)
$3,427
Management and general (functional)
$3,161
Fundraising (functional)
$141

Balance sheet and other

Total assets, start of year
$406,402
Total assets, end of year
$377,718
Total liabilities, end of year
$240,000
Net assets, end of year
$137,718
Land, buildings and equipment
$168,906
Publicly traded securities
$10,000
Gross receipts
$22,579
Employees
0
Volunteers
5
Year formed
2006
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Nate CarrFounder
Trustee or director, Officer
50$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
Nate CarrFounder
Trustee or director, Officer
40$0
990 for the year ended December 31, 2022: 1 people
NameTitleHours / weekCompensation
Nate CarrFounder
Trustee or director, Officer
40$0
990 for the year ended December 31, 2021: 2 people
NameTitleHours / weekCompensation
Nate CarrFounder
Trustee or director, Officer
50$0
Taylor MimlessInterim Trustee
Trustee or director
0.1$0

Address and contacts

Address (IRS master file)
PO BOX 101422, PALM BAY, FL 32910-1422
Principal officer (990 for 2024)
Nate Carr, PO Box 101422, Palm Bay, FL 32910
Signed the 990
Nate Carr, Founder
Phone
(321) 655-8188

Mission

THE FOUNDATION is the first logic-based organization fundamentally designed to save the world. Specifically, our stated purpose is to end all preventable ailments throughout the world by giving every individual an equal opportunity to realize their maximum potential through self-sufficiency. Everything we do is guided by The Pono's 5 Elements of Wisdom: Logical Perseverance; Logical Empathy; Perpetual Self-Improvement; The Search for Truth; Enlighten Future Generations. These guiding principles allow us to catalyze empowerment by means of self-sufficiency, which is the key to enabling the oppressed, exploited, and disadvantaged to develop the cognitive competencies needed to save themselves. Achieving our grandiose vision will result in relief of the impoverished, the equalizing of the underprivileged, the diminution of the burdens of government, the elimination of societal deterioration, and allow for sustainable population growth.

990 for the year ended December 31, 2024

Program accomplishments

  • Community Safety, Empowering Self-Sufficiency: The Community Safety Solution of neighborhood security came to an end in 2023; however, all security contractors were given 3 months severance in January 2024 to empower them to transition to their next opportunities. Such a severance package is unheard of in Tanzania.
    Expenses $1,600
  • Empowering Self-sufficiency - The Endowment: This FOUNDATION Solution is a quasi-endowment established by the Founder; it is a self-sufficient fund(s) that exists as a learning platform for the disadvantaged to empower their financial self-sufficiency. The Endowment may take years (even decades) to properly establish itself. Eventually, excess returns will be used to fund program services. The expenses of $1,482 are derived solely from service fees charged by the brokerage.
    Expenses $1,482
  • Animal Liberation, Empowering Self-sufficiency: In December 2024, THE FOUNDATION coordinated a "Ngunguti New Year Celebration" for local small business owners and former neighbors living in Mkuranga. Detailed instructions were made through translation software to make sure all the food served was without any animal ingredients and by-products, therefore, making it Vegan friendly. This is also a networking event for local entrepreneurs to get together and discuss business related matters. The event took place on 4 January 2025. There were an estimated 50+ people in attendance. Excess food was given away. $196.34 + $64.00 in volunteer reimbursements.
    Expenses $260
  • Empowering Self-sufficiency - Education: $82 for logic game.
    Expenses $82
  • Misc Expenses of $3
    Expenses $3

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-N for THE FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
30-0346629
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$377,718
Income (IRS master file)
$22,579

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$22,579$6,729$377,718XML
990December 2023$24,159$14,254$406,402XML
990December 2022$19,287$35,221$463,161XML
990December 2021$16,178$31,227$334,927XML
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0346629).

Questions about THE FOUNDATION

What is the EIN of THE FOUNDATION?
The employer identification number (EIN) of THE FOUNDATION is 30-0346629.
Is THE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to THE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of THE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE FOUNDATION?
The 990 for the year ended December 31, 2024 names Nate Carr.
Who are the officers and directors of THE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does THE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $22,579, expenses of $6,729 and total assets of $377,718 at year end.

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