FUNGI FOUNDATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FUNGI FOUNDATION INC (EIN 85-1478153)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202443199349303864
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T10:36:24-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205907840 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ketcham & Associates LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 202 Mountain Avenue | AddressLine1Txt |
| City | Westfield | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07090 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 851478153 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUNGI FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FUNG | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 224 WEST 35TH ST SUITE 500 NO 767 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GUILIANA FURCI | PersonNm |
| Person Title | CHIEF EXEC DIRE | PersonTitleTxt |
| Phone | 2122029655 | PhoneNum |
| Signature | 2024-10-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Steven Ketcham CPA | PreparerPersonNm |
| PTIN | P01439801 | PTIN |
| Phone | 9082324618 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GIULIANA FURCI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 224 WEST 35TH ST SUITE 500 NO 767 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $348,314 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | FFUNGI.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2020 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO EXPLORE THE FUNGI TO INCREASE KNOWLEDGE OF THEIR DIVERSITY, PROMOTE INITIATIVE SOLUTIONS TO CONTINGENT PROBLEMS, EDUCATE ABOUT THEIR EXISTENCE AND APPLICATIONS, AS WELL AS RECOMMENDING PUBLIC POLICY FOR THEIR CONSERVATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $413,399 | PYContributionsGrantsAmt |
| CY Contributions Grants | $333,314 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $15,000 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $413,399 | PYTotalRevenueAmt |
| CY Total Revenue | $348,314 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $110,432 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $99,466 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $91,035 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $91,518 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $9,556 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $257,869 | PYOtherExpensesAmt |
| CY Other Expenses | $347,197 | CYOtherExpensesAmt |
| PY Total Expenses | $459,336 | PYTotalExpensesAmt |
| CY Total Expenses | $538,181 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$45,937 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$189,867 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $331,985 | TotalAssetsBOYAmt |
| Total Assets EOY | $139,272 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,845 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,999 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $326,140 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $136,273 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO EXPLORE THE FUNGI TO INCREASE KNOWLEDGE OF THEIR DIVERSITY, PROMOTE INITIATIVE SOLUTIONS TO CONTINGENT PROBLEMS, EDUCATE ABOUT THEIR EXISTENCE AND APPLICATIONS, AS WELL AS RECOMMENDING PUBLIC POLICY FOR THEIR CONSERVATION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $459,671 | ExpenseAmt |
| Revenue | $348,314 | RevenueAmt |
| Desc | KINGDOM FUNGI IS INDISPENSABLE TO EARTHS MANY ECOSYSTEMS AND THE ORGANISMS THAT INHABIT THE PLANET. OUR MAIN FOCUS IS ON RESEARCH, CONSERVATION, EDUCATION, EXPLORATION AND DEVELOPMENT OF FUNGI. THE ORGANIZATION ENVISIONS A HEALTHY PLANET IN WHICH FUNGI ARE RECOGNIZED AS THE INTERCONNECTORS OF NATURE. | Desc |
| Total Program Service Expenses | $459,671 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 4 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GIULIANA FURCI | PersonNm |
| Phone | 2122029655 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 224 WEST 35TH ST SUITE 500 NO 767 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| GIULIANA FURCI | |||||||
| CHIEF EXECUTIVE DIRECTOR | 40.00 | 0.00 | Yes (X) | $79,603 | $0 | $0 | |
| NANCY TURNER | |||||||
| DIRECTOR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| JR RAHN | |||||||
| DIRECTOR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| PAUL STAMETS | |||||||
| DIRECTOR | 5.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| NATHALIE KELLEY | |||||||
| SECRETARY | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JOANNA FOSTER | |||||||
| CHAIR | 20.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MICHELLE LOBO | |||||||
| TREASURER | 20.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $79,603 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $333,314 | AllOtherContributionsAmt |
| Noncash Contributions | $40,000 | NoncashContributionsAmt |
| Total Contributions | $333,314 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 624110 | BusinessCd |
| Total Revenue Column | $15,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,000 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $348,314 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,000 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,966 | TotalAmt |
| Program Services | $6,966 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,500 | TotalAmt |
| Program Services | $92,500 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,518 | TotalAmt |
| Program Services | $91,518 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,000 | TotalAmt |
| Management And General | $40,000 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,875 | TotalAmt |
| Management And General | $7,875 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,381 | TotalAmt |
| Program Services | $5,381 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,951 | TotalAmt |
| Management And General | $3,951 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,426 | TotalAmt |
| Program Services | $3,213 | ProgramServicesAmt |
| Management And General | $3,213 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,812 | TotalAmt |
| Program Services | $45,732 | ProgramServicesAmt |
| Management And General | $5,080 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,038 | TotalAmt |
| Management And General | $2,038 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,332 | TotalAmt |
| Management And General | $2,332 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| Bank charges and fees | $4,465 | $4,465 | |
| Contracted services | $208,551 | $208,551 | |
| Dues and subscriptions | $4,511 | $4,511 | |
| Program expense | $1,299 | $1,299 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,556 | TotalAmt |
| Fundraising | $9,556 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,181 | TotalAmt |
| Program Services | $459,671 | ProgramServicesAmt |
| Management And General | $68,954 | ManagementAndGeneralAmt |
| Fundraising | $9,556 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,831 | BOYAmt |
| EOY | $133,156 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $10,192 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,076 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,154 | BOYAmt |
| EOY | $6,116 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,985 | BOYAmt |
| EOY | $139,272 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,845 | BOYAmt |
| EOY | $2,999 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,845 | BOYAmt |
| EOY | $2,999 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,140 | BOYAmt |
| EOY | $136,273 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,140 | BOYAmt |
| EOY | $136,273 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,985 | BOYAmt |
| EOY | $139,272 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$189,867 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $60,660 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $541,058 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $413,399 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $333,314 | CurrentTaxYearAmt |
| Total | $1,348,431 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $60,660 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $541,058 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $413,399 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $333,314 | CurrentTaxYearAmt |
| Total | $1,348,431 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $267,354 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,081,077 | PublicSupportTotal170Amt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,000 | CurrentTaxYearMinus2YearsAmt |
| Total | $1,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,349,431 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,192 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,076 | DepreciationAmt |
| Book Value | $6,116 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,116 | TotalBookValueLandBuildingsAmt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| South America | 14 | Grant making | Grants to recipients | $85,000 |
| North America Not the United States | Grant making | Grants to recipients | $7,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Employees | 14 | SubtotalEmployeesCnt |
| Total Employee | 14 | TotalEmployeeCnt |
| Subtotal Spent | $92,500 | SubtotalSpentAmt |
| Total Spent | $92,500 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|
| South America | PROGRAM SUPPORT | $85,000 | 0 | Fair market value |
| North America Not the United States | PROGRAM SUPPORT | $7,500 | 0 | Fair market value |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Use of grant monitoring procedures (Part I, line 2) | FormAndLineReferenceDesc |
| Explanation | FUNGI FOUNDATION INC RECEIVES INVITATIONS TO COLLABORATE WITHORGANIZATIONS, PROJECTS AND PEOPLE. THESE INVITATIONS ARRIVE MAINLY BYEMAIL THROUGH AN INSTITUTION THAT REFERS TO US AS AN NGO THAT PROMOTESTHE STUDY AND PROTECTION OF THE ENVIRONMENT FOCUSED ON THE FUNGI KINGDOM.THE PRINCIPAL FOCUS OF THE FUNGI FOUNDATION IS NOT FINANCIAL COLLECTIONFOR THIRD PARTIES, SO IN CASE OF PROVIDING FINANCIAL SUPPORT TO THIRDPARTIES, THEY MUST BE WELL-KNOWN INSTITUTIONS OR PEOPLE WHO PRESENT AFORMAL PROJECT TO THE FOUNDATIONS BOARD. THIS PROJECT IS REVIEWED BY THEFINANCIAL TEAM AND EXECUTIVE MANAGEMENT, WHO, ONCE APPROVED, INTRODUCETHE INITIATIVE TO THE BOARD OF DIRECTORS. FINALLY, IT IS THE BOARD OFDIRECTORS WHO DECIDE IF THE PROJECT IS VIABLE OR NOT. THE INITIATIVES THAT HAVE THE SUPPORT OF THE FUNGI FOUNDATION COMMIT TOCOMPLY THEIR PROJECT AS AGREED. THEY SHARE THEIR ACHIEVEMENTS ANDEXPENSES REPORT WITH A SETTLED FREQUENCY. LASTLY, A FINAL PRESENTATION ISMADE WITH THE FINAL OUTCOME OF THE PROJECT, ITS COSTS AND IMPACTS FORSOCIETY. | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Legal services | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $40,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990 governing body review Part VI line 11 | FUNGI FOUNDATION, INC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTINGFIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THEINFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEENPREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THEINTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FORAPPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THEINTERNAL REVENUE SERVICE. |
| Conflict of interest policy compliance Part VI line 12c | THE ORGANIZATIONS CONFILCT OF INTEREST POLICY APPLIES TO THE ORGANIZATIONSBOARD OF DIRECTORS. THE ORGANIZATION MONITORS ITS POLICY EACH YEAR BYHAVING THE BOARD DIRECTORS DICLOSE THIS IN THE BOARD MEETINGS. THEPROCEDURES FOR WHEN A CONFLICT OF INTEREST ARISES IS THE DIRECTOR OROFFICET MUST TAKE THIS MATTER UP TO THE BOARD OF DIRECTORS AND THEDISINTERETED DRECTORS SHOULD DETERMINE WHETHER IT IS IN THE BEST INTEREST. |
| CEO executive director top management comp Part VI line 15a | THE CHIEF EXECUTIVE OFFICERS COMPENSATION IS DETERMINED AND APPROVED BYTHE BOARD OF DIRECTORS BY USING COMPENSATION INFORMATION OF COMPARABLYSIZED NOT-FOR-PROFIT ORGANIZATIONS. THIS PROCESS IS CONDUCTED ON AN ANNUALBASIS AND DOCUMENTED ON THE BOARDS MINUTES. |
| Other officer or key employee compensation Part VI line 15b | COMPENSATION OF EMPLOYEES IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS BY USING COMPENSATION INFORMATION OF COMPARABLY SIZED NOT-FOR-PROFIT ORGANIZATIONS. THIS PROCESS IS CONDUCTED ON AN ANNUALBASIS AND DOCUMENTED ON THE BOARDS MINUTES. |
| Governing documents etc available to public Part VI line 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION ASREQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN ISALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. INADDITION, THE FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY,ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTENREQUEST. |
| General explanation attachment | Form 990, Part III: Notable Achievements1. Received 4,350 enrollments from 80 countries in our Free Mycological Curriculum in English, while 370 educators accessed the Spanish translation of the curriculum.2. Mistercaps became a new partner to assist in providing teachers with free mushroom grow kits + donate 1% of all their proceeds from these mushroom grow kits to the Fungi Foundation.3. Our Education Lead taught lessons from our Fungi Education resources to over 200 students, aged 5 to 15, in New York and New Jersey. 4. We cataloged 284 uses from 184 species of fungi, using publicly available information. These uses have been documented among approximately 90 Indigenous Peoples, local communities, or traditional societies spanning about 48 countries. 5. We released the Fungi Foundations Ethnomycology Ethical Guidelines. 6. Giuliana Furci from the Fungi Foundation and Dr. Bryn Dentinger of the University of Utah discovered and described a new species of mushroom: Psilocybe stametsii named in honor of the legendary mycologist Paul Stamets.7. Our team, together with the Society for the Protection of the Underground Networks (SPUN) spent three weeks at the southern tip of the South American continent, in Chile, doing above and below-ground fieldwork. They were joined by the National Geographic Society to film a documentary. 8. A team of mycologists from the Fungi Foundation traveled to Chiles Nahuelbuta mountain range searching for the Big Puma Fungus (Austroomphaliaster nahuelbutensis), a fungus that had only been documented by science once in 1988. They found it. 9. Premier of the documentary 10 Days in the Forest, screened in six festivals in Chile, Mexico, the US and Austria.10. Developed and published the online tool Fungal Conservation Tracker. 11. Over 90 organizations and institutions used or adopted the term funga in their communications, based on the Fungi Foundations advocacy for this terminology. 12. Daniela Torres, Programs Lead at the Fungi Foundation, gave a talk at the Latin American Mycology Congress and took part in the pre-congress Workshop 3rd IUCN Latin American Workshop for the evaluation of fungal and lichen species. 13. The work of the Fungi Foundation was featured 70 times during the year in articles, digital and printed publications, podcasts, and videos. |
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