2024-11-12T19:53:52-07:00 2023-12-31 990 2023-01-01 300346629 THE FOUNDATION THEF 3216558188 PO Box 101422 Palm Bay FL 32910 Nate Carr Founder 3216558188 2024-11-08 1 2023 2024-10-15 13:58:12Z Nate Carr PO Box 101422 Palm Bay FL 32910 24159 0 X thefoundation.world X 2006 CO THE FOUNDATION's intrinsic purpose is to alleviate all preventable pain and suffering throughout the world and empower the disadvantaged through self-sufficiency. 1 0 0 1 0 0 18420 14075 1200 4800 53 5537 -386 -253 19287 24159 3155 120 0 0 1702 0 0 0 61 30364 14134 35221 14254 -15934 9905 463161 406402 261353 256522 201808 149880 X 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. 1 1 7114 0 0 Community Safety: THE FOUNDATION renewed the contracts of 3 local security professionals to perform nightly patrols around the neighborhood of Ngunguti in Mkuranga, Tanzania. Their wages were above market rates to enable them to achieve a greater level of financial security. Not only did they perform regular patrols, but they were also able to assist community members in getting home safely and deescalating confrontational situations. This Community Safety Solution came to an end in 2023. 1482 0 0 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. 1576 0 599 Empowering Self-sufficiency: THE FOUNDATION hired the services of Mr. Shempemba, the head of security, to liquidate the remaining items left in Tanzania (stove, TV, blender, refrigerator, and table & chairs made by a local craftsman). He was given a 50% commission for motivation and economic empowerment. He used this supplemental income to expand his shop and add a security gate to his domicile. In addition, Ms. Katendele, the wife of Mr. Shempemba, performed cleaning and caretaker services. She was given 2 months severance for her part-time contract work for THE FOUNDATION. 40 0 0 Empowering Self-sufficiency - Empowering Self-sufficiency: The Great Boycott. Minimal activist work was done to communicate this Solution to the general public. An MVP website was created at the domain thegreatboycott.world. $40 in expenses during this inaugural year of TGB. 15 0 0 Empowering Self-sufficiency - The Trading & Investing Club: $15 in expenses for the inaugural year of the T&I Club. 126 0 0 Open Source Initiatives - $120; TZ Taxes - $6 181 0 0 10353 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X X Nate Carr 3216558188 PO Box 101422 Palm Bay FL 32910 X Nate Carr Founder 40 0 X X 0 0 0 0 0 0 0 0 0 0 0 X 0 75 0 0 0 14000 0 14075 The Endowment 523910 0 0 0 0 Rent Charged to Officers and/or Employees 531110 4800 4800 0 0 0 0 0 0 4800 4149 4149 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1388 0 0 0 1388 1388 1388 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -253 -253 0 0 -253 24159 10084 0 0 X 120 120 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0 41 0 0 0 0 0 0 0 0 0 0 0 7902 7902 0 0 101 40 0 61 1669 21 1648 0 1068 0 1068 0 0 0 0 0 1546 787 759 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Endowment Service Fees 1482 1482 0 0 Theft (shrink) 314 0 314 0 CO SOS Fee 10 0 10 0 Adjustments (rounding) 1 1 0 0 0 14254 10353 3840 61 X 21435 78916 143452 34981 0 0 0 0 0 0 0 0 0 0 0 0 0 0 163421 0 161449 163421 10000 0 0 -1 136825 119085 463161 406402 0 0 0 0 0 0 0 0 0 0 261353 256522 0 0 0 0 261353 256522 X 64983 30795 0 0 136825 119085 201808 149880 463161 406402 X 9905 0 0 0 0 -61833 X 0 0 0 X 747 17133 18420 14075 50375 0 0 0 0 0 0 0 0 0 0 0 747 17133 18420 14075 50375 49250 1125 0 32 53 4149 4234 0 0 0 0 0 0 0 0 0 0 54609 4800 X Schedule A, Part II, Line 6(f) An important fact to be considered is the declaration of a national state of emergency by the president of the United States on 13 March 2020. Most countries throughout the world also implemented their own strict emergency regulations and mandates. During this time, travel and commerce were drastically constricted, if not completely halted. Tens of thousands, if not millions, of organizations (mostly small businesses) shuttered their doors permanently. Transactions with entities (including government bodies) became exceptionally difficult on a good day. Tanzania was not our original choice, but due to the fact that our intended destination country, Malawi (The Warm Heart of Africa), closed its borders and implemented exceptionally irrational, Draconian measures, we compromised and attempted to do our charitable work in Tanzania. We would NOT have chosen Tanzania if not for the world response to the common coronavirus. The U.S. state of emergency wasn't lifted until 10 April 2023. No organization, especially a start-up organization, can be legally expected to satisfy strict time constraints during a declared national state of emergency; therefore, the years 2021 & 2022, as well as the first half of 2023, should be disregarded when performing public support calculations. Schedule A, Part II, Line 10 Endowment (Other Income) had total mark-to-market losses of $(62,281). Income from The Endowment is now classified as "Other Income". Because The Endowment is managed completely by volunteers and exists to further the exempt goals of THE FOUNDATION, it is classified as related support. Due to the fact that it is a regularly carried on "business", the assets sold are not capital assets. SOURCE: "Property used in the trade or business of a taxpayer of a character which is subject to the allowance for depreciation provided in section 167 and real property used in the trade or business of a taxpayer is excluded from the term capital assets." [1.1221-1(b)] Schedule A, Part II, Line 11(f) An important fact to be considered is the cumulative losses of The Endowment. The recommendations from Schedule A, Section B, Line 9 have been applied to Line 10 by entering zero for losses; however, it is a well established precedence that trading losses can be carried over from previous years using mark-to-market accounting procedures. It is unreasonable to prohibit applying these principles to the trading losses of The Endowment. If proper mark-to-market rules were followed, cumulative total losses for The Endowment were $(211,431). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 136770 56373 -62281 0 10409 1482 118971 237574 0 -99322 0 0 1482 136770 277000 12145 -49829 0 0 1742 237574 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 38032 38032 0 125264 0 125264 0 0 0 0 0 125 0 125 0 0 0 0 163421 Endowment Assets 118971 Member Assets 114 119085 Schedule D, Part V, Line 4 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 initial fund is an actively managed vehicle that attempts to maximize alpha using a proprietary trading methodology. The Endowment may take years (even decades) to properly establish itself. Eventually, excess returns will be used to fund program services, which directly furthers THE FOUNDATION's exempt purposes by teaching self-sufficiency. Sub-Saharan Africa 1 0 Program Services Community Safety: THE FOUNDATION renewed the contracts of 3 local security professionals to perform nightly patrols around the neighborhood of Ngunguti in Mkuranga, Tanzania. Their wages were above market rates to enable them to achieve a greater level of financial security. Not only did they perform regular patrols, but they were also able to assist community members in getting home safely and deescalating confrontational situations. This Community Safety Solution came to an end in 2023. Total Program expenses amounted to $7,114. 7114 Sub-Saharan Africa 0 0 Program Services Empowering Self-sufficiency: THE FOUNDATION hired the services of Mr. Shempemba, the head of security, to liquidate the remaining items left in Tanzania (stove, TV, blender, refrigerator, and table & chairs made by a local craftsman). He was given a 50% commission for motivation and economic empowerment. He used this supplemental income to expand his shop and add a security gate to his domicile. His commissions amounted to $789. This service generated program related revenues from the liquidation of inventory. 789 Sub-Saharan Africa 0 0 Program Services Empowering Self-sufficiency: THE FOUNDATION hired the services of Ms. Katendele to perform cleaning tasks. In past years, she was encouraged to take on a greater role as caretaker. We spent time teaching her some additional English, as well as typing skills. She even spent some time learning how to log on to an open-source, linux-based, Raspberry Pi mini-computer, which was left with her family when we closed the office. She maintained the grounds and we experimented with some gardening. Her service ended when the lease expired at the office in Mkuranga in March 2023. She was given 2 months severance pay, which is many times above market rate (it's unlikely someone in a similar position would get any severance at all). Total Expenditures were $787. 787 Sub-Saharan Africa 0 0 Program Services Miscellaneous Expenses: Theft (shrink) - $314; TZ Taxes - $6 320 1 0 9010 0 0 0 0 0 0 Elaine Carr Related to Founder Purchase and renovate real estate property X 240000 240000 0 1 1 Nathan Carr Founder Working capital to fund program expenses in Tanzania X 21731 16522 0 1 1 256522 Schedule L, Part II The loaned funds from Elaine Carr are a private mortgage. The interest rate is 0%. Ms. Carr must be paid in full before any liquidation proceeds of the mortgaged properties are used to pay any other creditors who may exist (including the Founder). Form 990, Header, Line B The previous 990 forms (2020, 2021, 2022) have been amended to reflect new information, which changes how we interpret the Code of Federal Regulations, Chapter 26, 1.509(a)(3) and related provisions of the regulations. The substantial contribution by the Founder was assumed to be the first of similar annual donations; however, it has become clear through the past couple years that this donation was abnormally unusual in its amount. Furthermore, the inclusion of this contribution in the proscribed support tests would have a severely adverse affect on the status of THE FOUNDATION. Given that The Endowment has always been a related program service activity (actively managed by the Founder, who will always be an unpaid volunteer, as is mandated in the governing documents of THE FOUNDATION), gross proceeds from sales of securities from the actively traded brokerage accounts are no longer defined as "gross receipts". Instead, trading gains (losses) are reported after cost basis considerations. Due to these previous changes, Gross Receipts, Total Support, and Public Support in Schedule A have been reduced significantly. For tax year 2022, the result is an almost complete elimination of related activity Gross Receipts ($1.33M to $1,200), and since The Endowment had mark-to-market realized losses for the previous tax years, "Other Income" remained unchanged at zero. In Form 990, Part III, Line 4a, some expenses were reclassified. In Form 990, Part III, Line 4c, The Endowment was reclassified as a related Program Service Revenue. Miscellaneous Revenue is now where we record currency losses on Form 990, Part VIII, 11e. Occupancy Expenses are now capitalized and reclassified as Fixed Property Assets (with corresponding updates to Schedule D). In Schedule D, Part VI, the real estate property purchased in 2022 has now been properly divided into Land and Buildings. Form 990, Part III, Line 2 Empowering Self-sufficiency - The Trading & Investing Club: The inaugural meeting of the T&I Club took place in late 2023. The Club exists as a forum for community members, especially those of relatively lower socioeconomic status, to discuss various trading and/or investing ideas. The T&I Club will enable its members to network with those across the entirety of the socioeconomic stratum. Logical reasoning, prudent risk assessment, and learning from our mistakes will be a fundamental, perpetual theme of the Club. The Trading & Investing Club is closely intertwined with The Endowment, which will be used as a unique learning experience for members of the Club...Empowering Self-sufficiency - The Great Boycott: The Great Boycott is a disciplined, methodical, logic-based system of boycotts and activism; it's a pivotal step in achieving equal opportunity for everyone, especially the children. There are a select few behemoth entities that have an exceptionally disproportionate amount of wealth and power in this world. This egregious imbalance in power leads to gross economic inefficiencies. Divisive, polarizing, and self-destructive social unrest necessarily follows. The Great Boycott is an effective, peaceful solution to the inevitable rebalancing of planetary wealth. Form 990, Part III, Line 3 Community Safety: THE FOUNDATION has permanently closed all Community Safety operations in Tanzania. The contracted security guards were given 3 months notice. At the end of the year, the Founder called the head of security, Mr. Shempemba, and thanked everyone for their loyalty and hard work. They were all awarded 3 months of severance pay, which is unheard of in Tanzania (except, perhaps, when corrupt government officials set their own salaries). Form 990, Part VI, Section B, Line 11b The Board of Trustees, consisting of the Founder, spends numerous hours completing and reviewing this form. While previous tax forms are used for comparison, this 990 form is completed as if it was for the first time. Each question is answered thoughtfully. It is asked if anything has changed since the previous filing. Perpetual Self-improvement is embodied by performing additional research of legal definitions, online tax advice (that is not tax advice), IRS publications, and tax code to ensure proper compliance with IRS mandates. A copy was forwarded to THE FOUNDATION's largest donor to be reviewed before submittal. Once this form is complete, the Board will go over the questions again and double and/or triple check that everything is accurate to the best of their knowledge. Form 990, Part VI, Section B, Line 12c Due to the small size of our Organization, the Board of Trustees was able to read the minds of all the Key Employees and determine in real-time whether any conflicts of interest were present. The Board was then able to evaluate potential conflicts and communicate to Key Employees that a violation of the Organization's policies will be met with harsh punitive actions. Form 990, Part VI, Section C, Line 19 Financial Reports are available on our Organization's website. Concerning other documents, stakeholders and/or the public were given copies of the relevant documents and/or these documents were made available upon request. Form 990, Part VIII, Line 7a Included on this line are assets that were liquidated during the final closing of the office in Mkuranga. Items sold were household appliances, a beautiful table built by local craftsmen, and other items. The selling of items was a part of the Empowering Self-sufficiency FOUNDATION Solution. The person selling the items honed his sales skills, and was able to use the additional income to increase his quality of life. Form 990, Part VIII, Line 11d Estimated realized currency losses of $(253). Form 990, Part IX, Line 11g Community Safety Security Fees of $7,114; Sales Services - $789 Form 990, Part IX, Line 12 The Great Boycott - $40; FL Govt Solicitation Fee - $61 Form 990, Part IX, Line 13 The Trading & Investing Club - $15; TZ Bank Tax Fee - $6; General Management Expenses - $1,648 Form 990, Part IX, Line 16 Caretaker Services - $787; General Administrative Occupancy Expenses - $759 Form 990, Part X, Line 13 Proceeds from the sale of securities within The Endowment are no longer classified as 'Gross receipts from related activities' in Schedule A. See previous notes. Form 990, Part X, Line 14 Rounding Adjustment of $(1) Form 990, Part XI, Line 9 The Endowment's unrealized trading losses were $(22,244). Unrealized losses for the previous year were $(15,321). The change in market value of Endowment holdings that weren't sold or exchanged during the tax year is $(6,923). Realized mark-to-market trading losses were $(41,544). Endowment Dividends and Interest were $316. Miscellaneous adjustments were $1,639. $(22,244) + $(41,544) + $(1,639) + $316= $(61,833). All previous returns (2020, 2021 & 2022) are being amended. See accompanying notes.