The Foundation
Nonprofit profile at a glance
- EIN
- 300346629
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Palm Bay, FL, USA
- Phone
- 3216558188
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $22,579
- Expenses
- $6,729
- Assets
- $377,718
- Liabilities
- $240,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- Nate Carr (Founder)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 79
- Accountability: 30
- Sustainability: 79
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27.9%; rating input score 28
- Program expense ratio: 50.9%; rating input score 51
- Fundraising efficiency: $115.25 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 4th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 70.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 56.13; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -4.1% per year; rating input score 0; 40th percentile among comparable filings
- Revenue growth: -76.4% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 27.9% of revenue deployed · 50.9% of spending went to programs
- Governance: 0 of 1 board members independent · 5 of 7 filing controls reported
- Programs: 5 filed program accomplishments · $3K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 28/100.
- High — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Foreign grants require schedule f did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 9/100.