2023-05-12T10:42:48-07:00 2022-12-31 990 2022-01-01 300346629 THE FOUNDATION THEF 3216558188 PO Box 101422 Palm Bay FL 32910 Nate Carr Founder 3216558188 2023-05-07 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z X Nate Carr PO Box 101422 Palm Bay FL 32910 455446 0 X thefoundation.world X 2006 CO The Foundation's intrinsic purpose is to alleviate preventable pain and suffering throughout the world and empower the disadvantaged through self-sufficiency. 1 0 0 1 0 0 17133 18420 1000 1200 16043 -152922 0 0 34176 -133302 95 3155 0 0 5650 3 0 0 80 23884 31112 29629 34270 4547 -167572 334905 458866 20865 259543 314040 199323 The Foundation is the first logic-based international non-profit conglomerate fundamentally designed to save the world. Specifically, our stated purpose is to end all preventable ailments within the universe by giving every individual an equal opportunity to realize their maximum potential through self-sufficiency. Achieving this vision will result in relief of the impoverished, the equalizing of the underprivileged, the furtherance of animal welfare, the diminution of the burdens of government, the elimination of societal deterioration, and allow for sustainable population growth. 0 0 6735 0 Community Safety: The Foundation contracted out 3 local security professionals to perform nightly patrols around the neighborhood of the office in Mkuranga, Tanzania (the office in now closed). Their wages are above market rates to enable them to achieve a greater level of financial security. 3125 0 Empowering Self-sufficiency: While in Mkuranga, Tanzania, The Foundation invested in local small businesses (less than $500 each). Most of these entrepreneurs had proven their character and competence. We invested in a tailor who performed her craft well and displayed admirable honesty. We invested in a carpenter who excelled at his craft. We also gave him a donation of hand-planes valued at $1,390. We invested in a vegetable farmer who exhibited an assertive entrepreneurial spirit even though she was not able to read or write. We invested in a bajaji driver who is the embodiment of an honest, intelligent, hardworking proprietor. Lastly, we gave a living stipend to a random, widowed woman outside of Mkuranga who was living with at least one young child in a run-down house with no doors. 4336 0 Saving Children: The Foundation had some remaining expenses from the unsuccessful attempt to start a children's home. These expenses were predominately rent and caretaker expenses. Additional costs stemmed from the selling of the 4x4 vehicle that was purchased by the Founder with his private money and used by The Foundation in Tanzania. 5677 0 0 Additional Program Service Expenses (mostly travel expenses) 5677 0 0 19873 1 1 0 0 0 0 0 0 0 1 1 0 1 0 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 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 X Nate Carr 3216558188 PO Box 101422 Palm Bay FL 32910 Nate Carr Founder 40 X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18420 1420 18420 Rent Charged to Officers and/or Employees 531110 1200 1200 0 0 0 0 0 0 1200 122 122 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 435704 0 588748 0 -153044 0 -153044 -153044 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -133302 -151722 0 0 X 0 0 0 0 3155 3155 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 3 0 0 0 0 0 0 0 0 0 0 20 0 20 0 47 0 47 0 0 0 0 0 0 0 0 0 0 0 7155 7155 0 0 96 0 16 80 1541 0 1541 0 1318 0 1318 0 0 0 0 0 8643 1394 7249 0 7841 7841 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 325 325 0 0 Embezzlement by Salima [Salma] Msham Munde 3973 0 3973 0 153 0 153 0 34270 19873 14317 80 3222 21364 94109 193452 0 0 0 0 0 0 0 0 0 0 0 0 0 0 157100 0 157100 237574 86770 180 334905 458866 0 0 0 0 0 0 0 0 0 0 20865 259543 0 0 0 0 20865 259543 X 314040 120784 0 78539 314040 199323 334905 458866 X -167572 -12714 0 1482 65840 -1753 X 0 0 0 X 377752 17133 18390 413275 0 0 0 0 0 0 0 0 0 0 377752 17133 18390 413275 404999 8276 0 32 122 154 0 0 0 0 0 0 0 0 413429 1331389 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 237574 -49931 -99391 0 0 1482 86770 277000 12145 -49829 0 0 1742 237574 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 157100 157100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 157100 The Endowment 86770 F 86770 Schedule D, Part V, Line 4 The Endowment, being a quasi-endowment established by the Founder is a self-sufficient fund(s) that exists as a learning platform for the disadvantaged to empower their financial self-sufficiency. Eventually, excess returns will be used to fund program services. 0 Sub-Saharan Africa 0 3 Program Services Community Safety; Economic Empowerment; Saving Children (discontinued) 14196 0 3 14196 0 0 0 0 0 0 Schedule F, Part I, Line 2 Due to the closing of our office in Mkuranga, we are unable to directly monitor the use of the one-time investments/grants we made in Tanzania. The head of security, Mr. Shempemba, is familiar with most of the recipients; he sends updates (including pictures). He uses an older-style flip-phone and does not have the means and/or expertise to purchase the technology required to submit video online. In anticipation of these obstacles, we limited the cash grants/investments to less than $500 per family/business. Making additional unmonitored grants/investments is not currently part of the future plans of The Foundation. Nate Carr Founder Working capital to fund program expenses in Tanzania X 20865 19543 0 1 1 Elaine Carr Related to Founder Purchase and renovate real estate property X 240000 240000 0 1 1 259543 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, Part VI, Section A, Line 5 During the previous year, the Founder became aware of embezzlement allegations. The Founder flew to the inactive office in Mkuranga, Tanzania to investigate. With the assistance of Mr. Shempemba (the head of security) and Mr. Jamal (bajaji driver extraordinaire), an amateur sting operation was initiated to catch the embezzler, Salma Munde (former executive assistant to the Founder). After being caught red-handed in her deception, she admitted her crimes. She was immediately dismissed and all keys and Foundation property was confiscated from her persons. The Founder will strive to never trust anyone again. The most important lesson learned is to only select employees/volunteers who prove themselves worthy of the privilege to be part of The Foundation. Although completely leaving Tanzania was considered, the Founder decided it would be unfair to those who committed no wrong; therefore, we continue to support neighborhood security in the Ngunguti neighborhood in Mkuranga, Tanzania. Form 990, Part VI, Section B, Line 11b Relevant stakeholders are given a copy of this form and/or it is made available for review upon request. Form 990, Part VI, Section C, Line 19 Stakeholders and/or the public were given copies of the relevant documents and/or these documents were made available upon request. Form 990, Part IX, Line 11g Total Security Fees of $6,735; Special Assistance to the Founder of $393; Miscellaneous Expenses of $19+$4+$21+$1 Form 990, Part XI, Line 8 The prior period adjustments of ($65,840) are last year's mark-to-market losses in The Endowment. Converting from our internal mark-to-market accounting with the accounting system used in IRS designed 990 forms necessitates this adjustment. Form 990, Part XI, Line 9 Unrealized currency exchange losses of $1,753.