2025-11-11T16:06:17-07:00 2024-12-31 990 2024-01-01 300346629 THE FOUNDATION THEF 3216558188 PO Box 101422 Palm Bay FL 32910 Nate Carr Founder 3216558188 2025-11-10 1 2024 2025-03-06 01:10:19Z Nate Carr PO Box 101422 Palm Bay FL 32910 22579 0 X www.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 5 0 0 14075 16250 4800 3788 5537 3726 -253 -1185 24159 22579 120 260 0 0 0 -1 0 0 141 14134 6470 14254 6729 9905 15850 406402 377718 256522 240000 149880 137718 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 0 1600 0 0 Community Safety, Empowering Self-Sufficiency: The Community Safety Solution of neighborhood security came to an end in 2023; however, all security contractors were given 3 months severance in January 2024 to empower them to transition to their next opportunities. Such a severance package is unheard of in Tanzania. 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. 260 0 0 Animal Liberation, Empowering Self-sufficiency: In December 2024, THE FOUNDATION coordinated a "Ngunguti New Year Celebration" for local small business owners and former neighbors living in Mkuranga. Detailed instructions were made through translation software to make sure all the food served was without any animal ingredients and by-products, therefore, making it Vegan friendly. This is also a networking event for local entrepreneurs to get together and discuss business related matters. The event took place on 4 January 2025. There were an estimated 50+ people in attendance. Excess food was given away. $196.34 + $64.00 in volunteer reimbursements. 82 0 0 Empowering Self-sufficiency - Education: $82 for logic game. 3 0 0 Misc Expenses of $3 85 0 0 3427 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 1 0 0 1 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 1 1 0 0 0 X Nate Carr 3216558188 PO Box 101422 Palm Bay FL 32910 X Nate Carr Founder 50 0 X X 0 0 0 0 0 0 0 0 0 0 0 X 0 75 0 0 0 16175 105 16250 The Endowment 523910 0 0 0 0 Rent Charged to Officers and/or Employees 531110 3788 3788 0 0 0 0 0 0 3788 3726 3726 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 0 0 0 0 0 0 0 0 0 0 -1185 -1185 0 0 -1185 22579 6329 0 0 X 0 0 0 0 260 260 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1602 1602 0 0 141 0 0 141 1543 1 1542 0 615 0 615 0 0 0 0 0 897 0 897 0 8 0 8 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 The Endowment 1482 1482 0 0 Legal Expenses 100 0 100 0 Education 82 82 0 0 6729 3427 3161 141 X 78916 3674 34981 97527 0 0 0 0 0 0 0 0 0 0 0 0 0 0 168906 0 163421 168906 10000 10000 0 0 0 0 -1 0 119085 97611 406402 377718 0 0 0 0 0 0 0 0 0 0 256522 240000 0 0 0 0 256522 240000 X 30795 40108 0 0 119085 97610 149880 137718 406402 377718 X 15850 0 0 0 0 -28012 X 0 0 0 X 747 17133 18420 14075 16250 66625 0 0 0 0 0 0 0 0 0 0 0 0 747 17133 18420 14075 16250 66625 64926 1699 0 32 53 4149 3726 7960 0 0 0 0 0 0 0 0 0 0 0 0 74585 3788 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 $(32,586). 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 $(244,018). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118971 19700 -29169 0 10525 1482 97495 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 1 0 0 0 0 0 39135 39135 0 129646 0 129646 0 0 0 0 0 125 0 125 0 0 0 0 168906 Endowment Assets 97495 Member Assets 116 97611 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. Elaine Carr Related to Founder Purchase and renovate real estate property X 240000 240000 0 1 1 240000 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 III, Line 2 Animal Liberation, Empowering Self-sufficiency: In December 2024, THE FOUNDATION coordinated an "Ngunguti New Year Celebration" for local small business owners and former neighbors living in Mkuranga. Detailed instructions were made through translation software to make sure all the food served was without any animal ingredients and by-products, therefore, making it Vegan friendly. This is also a networking event for local entrepreneurs to get together and discuss business related matters. Current plans are to sponsor these 'celebrations' on a biannual basis. Funding was wired in December, but received in January 2025. 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. Once this form is complete, the Board will go over the form 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 11d Estimated realized currency losses of $(1,185). Form 990, Part IX, Line 3 Nguntuti New Year Celebration - 196; Volunteer Reimbursements - $64 Form 990, Part IX, Line 11g Severance pay for security contractors - $1,600; Misc Shempemba - $2 Form 990, Part IX, Line 12 Promotional Items - $80; FL Govt Solicitation Fee - $61 Form 990, Part IX, Line 13 TZ Bank Tax Fee - $1; General Management Expenses - $1,524; R&D - $18 Form 990, Part X, Line 14 Rounding Adjustment of $1 Form 990, Part XI, Line 9 The Endowment's unrealized trading losses were $(7,179). Unrealized losses for the previous year were $(22,244). The change in market value of Endowment holdings that weren't sold or exchanged during the tax year is $15,065 (this is added for computational misdirection). Realized mark-to-market trading losses were $(25,677). Endowment Dividends and Interest were $3,417. Miscellaneous adjustments (possibly brokerage fees) were $1,427. $(7,179) + $(25,677) + $3,417+ $1,427= $(28,012).