The Reset Foundation: Form 990EZ, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- The Reset Foundation (EIN 46-2275654)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-08-07
- IRS object ID
- 201902199349200205
- Schema version
- 2018v3.1
- 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 | 2019-08-07T10:40:08-07:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Crosby & Kaneda CPAs LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1970 Broadway STE 930 | AddressLine1Txt |
| City | Oakland | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462275654 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Reset Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RESE | BusinessNameControlTxt |
| Phone | 4153737688 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2340 Powell St Ste 214 | AddressLine1Txt |
| City | Emeryville | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94608 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jane Leu | PersonNm |
| Person Title | Director | PersonTitleTxt |
| Signature | 2019-08-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mengdi Tang CPA | PreparerPersonNm |
| PTIN | P02048198 | PTIN |
| Phone | 5108352727 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | www.theresetfoundation.org | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $1,214 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $1,214 | ContributionsGiftsGrantsEtcAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $1,214 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $47,142 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $166,286 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $1,047 | OccupancyRentUtltsAndMaintAmt |
| Other Expenses Total | $14,040 | OtherExpensesTotalAmt |
| Total Expenses | $228,515 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$227,301 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $263,073 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | -$35,772 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $279,235 | BOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,105 | BOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $413,340 | BOYAmt |
| EOY | $0 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,267 | BOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $263,073 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | Reset's mission is to empower promising individuals involved in the justice system with the skills and opportunities leading to a successful life, thereby freeing their families and communities from the poverty-to-prison cycle. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | Through November 2017, Reset's residential program offered an alternative to incarceration for court-involved young men between the ages of 18 to 24. We served young men who had been referred by the Alameda and San Francisco County courts, and provided them with housing, transportation, case management, academic, career, medical and mental health support, prosocial activities, and transitional aftercare upon graduation. These services were provided through our residential campus, which was comprised of a leased learning center andleasedresidential housinginthe San Francisco Bay Area. In November 2017, Reset suspended our program and operations. Following that time and into 2018, we worked with our court partners to transition remaining students tohousing, employment, school, and wellness services, and continued to remain connected to our students, providing transitional case management and individualized resources as needed, including court advocacy and regular check-ins in an effort to promote their continued stability and success. On September 28, 2018, the Reset's board of directors made the decision to dissolve the organization. On December 4, 2018, the organization was formally dissolved. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $57,990 | GrantsAndAllocationsAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $57,990 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| John Deasy | ||
| Board Chair | 1.00 | $0 |
| Jen Anderson | ||
| Treasurer | 1.00 | $0 |
| Jane Mitchell | ||
| Secretary | 1.00 | $0 |
| Jane Leu | ||
| Director | 1.00 | $0 |
| Sherif Nahas | ||
| Director | 1.00 | $0 |
| Jessica Miller | ||
| Executive Dir. | 30.00 | $42,253 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | Yes (true) | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Organization Filed990 T | false | OrganizationFiled990TInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Initiation Fees And Cap Contri | $0 | InitiationFeesAndCapContriAmt |
| Gross Receipts For Public Use | $0 | GrossReceiptsForPublicUseAmt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jane Leu | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2340 Powell St Ste 214 | AddressLine1Txt |
| City | Emeryville | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94608 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4153737688 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Form720 Filed | false | Form720FiledInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Related Org Sect527 Org | false | RelatedOrgSect527OrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
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 Minus4 Years | $626,464 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,449,341 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $885,394 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,293,946 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,214 | CurrentTaxYearAmt |
| Total | $5,256,359 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $626,464 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,449,341 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $885,394 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,293,946 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,214 | CurrentTaxYearAmt |
| Total | $5,256,359 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,126,184 | SubstantialContributorsTotAmt |
| Public Support Total170 | $4,130,175 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,256,359 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $79,966 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.78570 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed Section4955 Tax | false | Form4720FiledSection4955TaxInd |
| Correction Made | false | CorrectionMadeInd |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $228,515 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $228,515 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $45,703 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $11,426 | FilingOrganizationsTotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form4720 Filed | false | Form4720FiledInd |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $170,264 | CurrentYearMinus3Amt |
| Current Year Minus2 | $227,160 | CurrentYearMinus2Amt |
| Current Year Minus1 | $240,538 | CurrentYearMinus1Amt |
| Current Year | $45,703 | CurrentYearAmt |
| Total | $683,665 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $1,025,498 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,677 | CurrentYearMinus3Amt |
| Total | $1,677 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $42,566 | CurrentYearMinus3Amt |
| Current Year Minus2 | $56,790 | CurrentYearMinus2Amt |
| Current Year Minus1 | $60,135 | CurrentYearMinus1Amt |
| Current Year | $11,426 | CurrentYearAmt |
| Total | $170,917 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $256,376 | GrassrootsCeilingAmt |
Schedule N IRS990ScheduleN
Liquidation Of Assets Table LiquidationOfAssetsTableGrp
Liquidation Of Assets Detail LiquidationOfAssetsDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Distri Or Expnss Paid | Cash | AssetsDistriOrExpnssPaidDesc |
| Distribution | 2018-09-01 | DistributionDt |
| Fair Market Value Of Asset | $35,772 | FairMarketValueOfAssetAmt |
| Method Of FMV Determination | FMV | MethodOfFMVDeterminationTxt |
| EIN | 136268289 | EIN |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 3rd Ave 6th Fl | AddressLine1Txt |
| City | Waltham | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02451 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501c3 pf | IRCSectionTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | false | DirectorOfSuccessorInd |
| Employee Of Successor | false | EmployeeOfSuccessorInd |
| Owner Of Successor | false | OwnerOfSuccessorInd |
| Receive Compensation | false | ReceiveCompensationInd |
| Assets Distributed | Yes (true) | AssetsDistributedInd |
| Required To Notify AG | Yes (true) | RequiredToNotifyAGInd |
| Attorney General Notified | Yes (true) | AttorneyGeneralNotifiedInd |
| Liabilities Paid | Yes (true) | LiabilitiesPaidInd |
| Bonds Outstanding | false | BondsOutstandingInd |
| Bond Liabilities Discharged | false | BondLiabilitiesDischargedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other Expenses.1002 | Office Expenses $284 |
| Other Expenses.1003 | Information Technology $2909 |
| Other Expenses.1005 | Travel $800 |
| Other Expenses.1008 | Interest $226 |
| Other Expenses.1010 | Amortization $833 |
| Other Expenses.1012 | Insurance $7227 |
| Other Expenses.1 | Miscellaneous $1761 |
| Other Assets.1004 | Miscellaneous - Beginning $833 Miscellaneous - Ending $0 |
| Other Assets.1006 | Pledges and Grants Receivable - Beginning $114289 Pledges and Grants Receivable - Ending $0 |
| Other Assets.1011 | Prepaid Expenses and Deferred Charges - Beginning $17326 Prepaid Expenses and Deferred Charges - Ending $0 |
| Other Assets.2 | Security deposits - Beginning $1657 Security deposits - Ending $0 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $150267 Accounts Payable and Accrued Expenses - Ending $0 |
| Changes to Organizing or Governing Documents | In November 2017, the organization made the difficult decision to suspend its program and operations. Transitional support and case management of former students continued into 2018. On September 28, 2018, the Reset's board of directors made a motion and voted unanimously to dissolve the organization. On December 4, 2018, the organization was formally dissolved. |
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