2022-11-15T21:52:05-06:00 2021-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2021-01-01 851478153 FUNGI FOUNDATION INC FUNG 3475459259 716 MARCY AVE BROOKLYN NY 11216 GIULIANA FURCI CHIEF EXECUTIVE OFFICER 3475459259 2022-11-15 1 GIULIANA FURCI 999009999 GARRETT M HIGGINS P00543209 9143818900 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GIULIANA FURCI 716 MARCY AVE BROOKLYN NY 11216 542058 0 X FFUNGI.ORG X 2020 NY THE FUNGI FOUNDATION IS A GLOBAL ORGANIZATION THAT EXPLORES THE FUNGI TO INCREASE KNOWLEDGE OF THEIR DIVERSITY, PROMOTE INNOVATIVE SOLUTIONS TO CONTINGENT PROBLEMS, EDUCATE ABOUT THEIR EXISTENCE AND APPLICATIONS, AS WELL AS RECOMMENDING PUBLIC POLICY FOR THEIR CONSERVATION. 6 6 2 8 0 0 0 541058 0 0 0 0 0 1000 0 542058 0 34555 0 0 0 66065 0 0 0 0 99703 0 200323 0 341735 30342 377199 0 5122 30342 372077 X THE FUNGI FOUNDATION IS A GLOBAL ORGANIZATION THAT EXPLORES THE FUNGI TO INCREASE KNOWLEDGE OF THEIR DIVERSITY, PROMOTE INNOVATIVE SOLUTIONS TO CONTINGENT PROBLEMS, EDUCATE ABOUT THEIR EXISTENCE AND APPLICATIONS, AS WELL AS RECOMMENDING PUBLIC POLICY FOR THEIR CONSERVATION. 0 0 191556 34555 0 KINGDOM FUNGI IS INDISPENSABLE TO EARTH'S 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. 191556 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 NY X X M CARLACCI ELITE ACCT SVCS 9143818900 500 MAMARONECK AVE SUITE 301 HARRISON NY 10528 JOANNA FOSTER PRESIDENT 20.00 X X 0 0 0 JOSE MINGO MARINETTI SECRETARY 1.00 X X 0 0 0 NATHALIE KELLEY SECRETARY EFF. 12/21 5.00 X X 0 0 0 ANTONIO BACIGALUPO TREASURER 1.00 X X 0 0 0 MICHELLE LOBO TREASURER EFF. 12/21 20.00 X X 0 0 0 PAUL STAMETS DIRECTOR 5.00 X 0 0 0 GIULIANA FURCI CHIEF EXECUTIVE OFFICER 40.00 X 50560 0 0 50560 0 0 0 0 0 0 0 541058 541058 1000 0 1000 1000 542058 0 0 1000 X 34555 34555 50560 50560 14000 14000 1505 1505 6307 6307 55873 55873 423 423 20303 17843 2460 4050 4050 7980 7980 OTHER EXPENSES 4767 4767 200323 191556 8767 0 29037 364642 1305 12557 30342 377199 0 5122 0 5122 X 30342 372077 30342 372077 30342 377199 341735 0 X 0 0 0 X 60660 541058 601718 60660 541058 601718 333968 267750 1000 1000 602718 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 NORTH AMERICA 0 0 GRANTMAKING GRANTMAKING 34555 0 0 0 0 0 0 34555 0 34555 GRANTMAKING NORTH AMERICA 1 34555 0 0 0 0 0 0 PART I, LINE 2: FUNGI FOUNDATION INC RECEIVES INVITATIONS TO COLLABORATE WITH ORGANIZATIONS, PROJECTS AND PEOPLE. THESE INVITATIONS ARRIVE MAINLY BY EMAIL THROUGH AN INSTITUTION THAT REFERS TO US AS AN NGO THAT PROMOTES THE STUDY AND PROTECTION OF THE ENVIRONMENT FOCUSED ON THE FUNGI KINGDOM. THE PRINCIPAL FOCUS OF THE FUNGI FOUNDATION IS NOT FINANCIAL COLLECTION FOR THIRD PARTIES, SO IN CASE OF PROVIDING FINANCIAL SUPPORT TO THIRD PARTIES, THEY MUST BE WELL-KNOWN INSTITUTIONS OR PEOPLE WHO PRESENT A FORMAL PROJECT TO THE FOUNDATION'S BOARD. THIS PROJECT IS REVIEWED BY THE FINANCIAL TEAM AND THE EXECUTIVE MANAGEMENT, WHO, ONCE APPROVED, INTRODUCE THE INITIATIVE TO THE BOARD OF DIRECTORS. FINALLY, IS THE BOARD OF DIRECTORS WHO DECIDE IF THE PROJECT IS VIABLE OR NOT. THE INITIATIVES THAT HAVE THE SUPPORT OF THE FFUNGI COMMIT TO COMPLY THEIR PROJECT AS AGREED. THEY SHARE THEIR ACHIEVEMENTS AND EXPENSES REPORT WITH A SETTLED FREQUENCY. LASTLY, A FINAL PRESENTATION IS MADE WITH THE FINAL OUTCOME OF THE PROJECT, ITS COSTS AND IMPACTS FOR THE SOCIETY. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE THAT ACTS ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FUNGI FOUNDATION, INC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFILCT OF INTEREST POLICY APPLIES TO THE ORGANIZATIONS BOARD OF DIRECTORS. THE ORGANIZATION MONITORS ITS POLICY EACH YEAR BY HAVING THE BOARD DIRECTORS DICLOSE THIS IN THE BOARD MEETINGS. THE PROCEDURES FOR WHEN A CONFLICT OF INTEREST ARISES IS THE DIRECTOR OR OFFICET MUST TAKE THIS MATTER UP TO THE BOARD OF DIRECTORS AND THE DISINTERETED DRECTORS SHOULD DETERMINE WHETHER IT IS IN THE BEST INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE CHIEF EXECUTIVE OFFICER'S COMPENSATION 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 ANNUAL BASIS AND DOCUMENTED ON THE BOARD'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 55,873. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,873.