THE 1926 FOUNDATION INC

EIN: 452410261 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$69,181
Total Expenses
$71,893
Total Assets
$215,274
Net Assets
$215,274
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
PA
Principal Officer
BRENDA JOHNSON
Phone
2158024546
Tax Period
2024-01-01 to 2024-12-31

THE 1926 FOUNDATION INC, founded in 2011, is a micro nonprofit in the Education sector that reported $69K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $215K represent 37 months of operating reserves.

Mission

The Foundation is organized and operated exclusively for charitable, religious, educational, and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), including for operating charitable programs to benefit members of the greater Philadelphia community and making distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Code. The Foundation's services are entirely free and available to all members of the general public, not simply those who are members of the organization or those who contribute funds.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,059
Program Service Revenue $0
Investment Income $13,217
Other Revenue $9,905
TOTAL REVENUE $69,181

Expense Breakdown

Grants Paid $51,035
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,725
Other Expenses $20,858
TOTAL EXPENSES $71,893

Year-over-Year Comparison

2024 2023 Change
Revenue $69,181 $53,506 +0.3%
Expenses $71,893 $43,836 +0.6%
Net Income $-2,712 $9,670 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
16
Independent Members
N/A
Employees
N/A
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brenda Johnson President 5
Director
$0 $0 $0
Leah Smith Sheppard Vice President 5
Director
$0 $0 $0
Terri Luna Treasurer 5
Director
$0 $0 $0
Cressa Morris Secretary 5
Director
$0 $0 $0
Dr Shawn Blue Financial Secretary 5
Director
$0 $0 $0
Cheryl Croxton Carter Parliamentarian 5
Director
$0 $0 $0
Lorina Marshall Blake Board Member 1
Director
$0 $0 $0
Charlene Collins Board Member 1
Director
$0 $0 $0
Dr Alexis Rylander Board Member 1
Director
$0 $0 $0
Alma Plummer Board Member 1
Director
$0 $0 $0
Ashley Session Board Member 1
Director
$0 $0 $0
Jayne Downey Board Member 1
Director
$0 $0 $0
Sannah Crawford Board Member 1
Director
$0 $0 $0
Stephanie Marsh Board Member 1
Director
$0 $0 $0
Stephanie Austin-Johnson Board Member 1
Director
$0 $0 $0
Nina Gordon Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $69,181 $71,893 $215,274 $-2,712
2023 $87,059 $82,487 $216,384 $4,572
2023 $53,506 $43,836 $217,986 $9,670
2022 $52,422 $56,156 $217,240 $-3,734
2021 $96,341 $56,132 $220,974 $40,209
2020 $37,182 $81,069 $180,765 $-43,887
2019 $102,314 $86,929 $224,652 $15,385
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