FOUNDATION FOR PEACE

EIN: 550810709 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$1,016,516
Total Expenses
$888,854
Total Assets
$964,768
Net Assets
$476,275
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DC
Principal Officer
KENNETH CULVER
Phone
9739881484
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR PEACE, founded in 2003, is a community nonprofit in the International Affairs sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $889K left a modest 13% surplus.

Mission

THE FOUNDATION FOR PEACE IS A 501(C)(3) NOT-FOR PROFIT ORGANIZATION DEDICATED TO EDUCATION IN THE UNITED STATES AND TO WORKING HAND IN HAND WITH PEOPLE IN MATERIALLY IMPOVERISHED AREAS OF THE DOMINICAN REPUBLIC, HAITI, AND KENYA TO PROVIDE EDUCATIONAL SUPPORT, HEALTHCARE ACCESS, ECONOMIC OPPORTUNITY AND HOPE. WE WORK TOGETHER AS LONG-TERM PARTNERS IN SOLIDARITY TO ENABLE PERSONAL SUCCESS AND COMMUNITY ACHIEVEMENT. WE BELIEVE THIS WILL RESULT IN SUSTAINABLE AND SUCCESSFUL INITIATIVES THAT RELIEVE THE EFFECTS OF POVERTY, ENCOURAGE PERSONAL GROWTH, AND OVERCOME INJUSTICE.

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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 $671,383
Program Service Revenue $336,081
Investment Income $9,052
Other Revenue $0
TOTAL REVENUE $1,016,516

Expense Breakdown

Grants Paid $595,238
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $824,078
Other Expenses $293,616
TOTAL EXPENSES $888,854

Year-over-Year Comparison

2024 2023 Change
Revenue $1,016,516 $1,012,688 +0.0%
Expenses $888,854 $1,011,387 -0.1%
Net Income $127,662 $1,301 +97.1%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
273

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH CULVER PRESIDENT AND EXECUTIVE DI 10.00
Officer Director
$0 $0 $0
JOY FOWLER SPRAGENS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JEFFREY SPRAGENS TREASURER 5.00
Officer Director
$0 $0 $0
WENDY PATCHIN CHAIRMAN 5.00
Officer Director
$0 $0 $0
FRANK SPERANZA CO-CHAIRMAN 5.00
Officer Director
$0 $0 $0
BOB BROEZE TRUSTEE 2.00
Director
$0 $0 $0
BETTY JEAN TRUSTEE 3.00
Director
$0 $0 $0
BRUCE JONES TRUSTEE 3.00
Director
$0 $0 $0
KELLI REGAN TRUSTEE 5.00
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 $1,016,516 $888,854 $964,768 $127,662
2023 $1,012,688 $1,011,387 $840,961 $1,301
2022 $659,033 $758,028 $770,171 $-98,995
2021 $671,828 $716,552 $966,357 $-44,724
2020 $1,099,954 $1,148,113 $703,979 $-48,159
2019 $2,711,300 $2,671,141 $586,629 $40,159
2018 $2,443,641 $2,498,077 $542,977 $-54,436
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