Civic Intelligence

Protez Foundation

990 • Fiscal year 2023 • EIN 88-2437069

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

Organization ProfilePROTEZFOUNDATION.ORG
3510 Hopkins Place W1300Oakdale, MN 55128

(612) 772-4777

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$760,728

Up $202,341 (+36%) from 2022

Net Assets

Down

$309,724

Down $35,150 (-10%) from 2022

Liabilities

Up

$451,004

Up $237,491 (+111%) from 2022

Revenue And Expenses

Revenue

Up

$3,540,039

Up $2,521,182 (+247%) from 2022

Expenses

Up

$3,577,052

Up $2,903,069 (+431%) from 2022

Net Income

Down

-$37,013

Down $381,887 (-111%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2022: $558,387Liabilities 2022: $213,513Net Assets 2022: $344,8742022Assets 2023: $760,728Liabilities 2023: $451,004Net Assets 2023: $309,7242023Assets 2024: $3,728,160Liabilities 2024: $1,826,866Net Assets 2024: $1,901,2942024

Highlighted filing

2023

Assets$760,728
Liabilities$451,004
Net Assets$309,724
Open 2023 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $1,018,857Expenses 2022: $673,983Net Income 2022: $344,8742022Revenue 2023: $3,540,039Expenses 2023: $3,577,052Net Income 2023: -$37,0132023Revenue 2024: $5,028,277Expenses 2024: $3,858,667Net Income 2024: $1,169,6102024

Highlighted filing

2023

Revenue$3,540,039
Expenses$3,577,052
Net Income-$37,013
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$3,645,472
Mission and Program Overview

Mission

The foundation provides free prosthetics and other resources for those who lost their limbs in underserved areas of the world. The foundation's goal is to cover all financial needs for a person to get fitted for prosthetics. The foundation provides orientation, logistics and psychological support for all patients. The foundation's goal is to provide education, materials, supplies and tools to improve medical care in underserved areas of the world.

Protez foundation's mission is to help people who have lost limbs to restore their quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,557$211,118▲ $179,561
Cash and Non-Interest-Bearing Accounts$412,100$130,636▼ $281,464
Prepaid Expenses and Deferred Charges$2,500$4,882▲ $2,382
Total Assets$558,387$760,728▲ $202,341
Other Assets Total$112,230$414,092▲ $301,862
Liabilities
Other Liabilities$112,938$425,491▲ $312,553
Accounts Payable and Accrued Expenses$100,575$25,513▼ $75,062
Total Liabilities$213,513$451,004▲ $237,491
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$344,874$309,724▼ $35,150
Total Net Assets Fund Balance$344,874$309,724▼ $35,150
Total Liabilities and Net Assets / Fund Balance$558,387$760,728▲ $202,341

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$153,973$2,689$156,662
Equipment$57,145$8,607$65,752
Other Assets Org$414,092--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Yakov GradinarVice-presidentFT$124,800$124,800
Yury AroshidzePresidentFT$83,200$83,200
Ivanna GradinarTreasurerFT$31,200$31,200
Andrey MadanSecretaryFT$29,640$29,640

Board Members and Trustees

NameTitle
Valentyna PavsyukovaBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$3,605,322
Program Service Revenue
$0
Investment Income
$39
Other Revenue
$-65,322
All Other Contributions
$3,481,771
Change in Net Assets
$-37,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,540,039
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$85,553
Total Revenue per Audited Statements
$3,625,592
Total Revenue per Form 990
$3,540,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,077,752
Salaries, Compensation, and Employee Benefits$441,822
Total Fundraising Expense$93,955
Grants and Similar Amounts Paid$57,478
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$424,187--$424,187
Current Officers, Directors, Trustees, and Key Employees$217,465$12,367$39,009$268,841
Occupancy$190,963$1,893$1,221$194,077
Other Salaries and Wages$107,490$6,044$18,017$131,551
Foreign Grants$57,478--$57,478
Office Expenses$13,862$36,666$2,472$53,000
Conferences and Meetings$48,549--$48,549
Payroll Taxes$33,760$1,904$5,766$41,430
All Other Expenses$18,578$450$22,018$41,046
Other Expenses$36,793$6,003-$36,793
Fees for Services Other$20,479$3,581$5,276$29,336
Fees for Services Accounting-$15,634-$15,634
Depreciation Depletion$9,990$102$102$10,194
Insurance$7,298$74$74$7,446
Total Functional Expenses$3,398,379$84,718$93,955$3,577,052

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,660,742
Expenses per Audited Statements$3,577,052
Total Expenses per Form 990$3,577,052
Expenses Not Reported on Form 990$83,690
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
1
Employees
7
Spending
$327,542

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Russia and Neighboring StatesProgram ServicesProsthetics for Ukrainian Citizens17$327,542
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$105,433
Fundraising Gross Income$40,111
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala - 1 Year Anniversary$92,893$23,971$24,004$-33
Winter Gala$70,769$16,140$2,931$13,209
Total Events$163,662$40,111$105,433$-65,322
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dr Yakov GradinarFamily RelationshipCompensationNo$124,800
Ivanna GradinarFamily RelationshipCompensationNo$31,200
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability-operating Leases$425,491
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Yakov gradinar and ivanna gradinar have a family relationship.”

Form 990, Part VI, Section A, Line 4

“The organization changed its legal name from protez to protez foundation during 2023.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the board before filing. Upon their review and approval it is filed.”

Form 990, Part VI, Section B, Line 12C

“The board makes a policy. Every week the board meets we go through every decision made in that department and make sure that policy is met.”

Form 990, Part VI, Section B, Line 15

“Annual compensation was based on research of compensation of foundations of similar size. The board reviewed the research and approved the compensation.”

Form 990, Part VI, Section C, Line 19

“Upon request, the foundation will make available a physical or electronic copy of the form 1023, form 990 and supporting schedules, governing documents, conflict of interest policy and financial statements.”

Filing and Contact Details

Filer

Filer Name
Protez Foundation
EIN
88-2437069
Phone
6127724777
Address
3510 HOPKINS PLACE W1300, OAKDALE, MN 55128

Signing Officer

Name
Yakov Gradinar
Title
Vice-president
Phone
6127724777
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yury Aroshidze
Formed
2022
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
1
Employees
8
Volunteers
150

Preparer

Firm
Akins Henke and Company
Address
600 INWOOD AVENUE NORTH SUITE 160, OAKDALE, MN 55128
Preparer
Georgia M Akins
Phone
6516363806
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Gain on change in foreign currency 1,863.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code. U.s. Gaap requires management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the foundation and has concluded that as of december 31, 2023, there are no uncertain positions taken or expected to be taken that could require recognition of a liability or disclosure in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Other fundraising expenses 2,990. Gain on change in foreign currency 1,863.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Other fundraising expenses 2,990.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0AS PART OF THE FOUNDATION'S PROGRAMMING, THE FOUNDATION CREATED PROTEZ ACADEMY IN 2023. THIS IS AN EDUCATIONAL PROGRAM CREATED BY A TEAM OF U.S. PROFESSIONALS AND FACULTY IN THE FIELD OF PROSTHETISTS, PHYSICAL REHABILITATION, AND SURGEONS AIMED AT FACILITATING THE EXPERTISE EXCHANGE BETWEEN UKRAINIAN MEDICAL PROFESSIONALS AND THEIR COUNTERPARTS IN THE U.S. THE FOUNDATION TRAINED 47 SPECIALISTS IN 2023.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01018857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04624179
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt039
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt040111
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04506663
IRS990ScheduleA/SubstantialContributorsTotAmt0117516
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03605322
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01018857
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04624179
IRS990ScheduleA/TotalSupportAmt04624218
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt080700
IRS990ScheduleD/DonatedServicesUseFcltsAmt080700
IRS990ScheduleD/EquipmentGrp/BookValueAmt057145
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08607
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065752
IRS990ScheduleD/ExpensesNotReportedAmt083690
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03577052
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0153973
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02689
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0156662
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0414092
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSETS-OPERATING LEASES
IRS990ScheduleD/OtherExpensesIncludedAmt02990
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0425491
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY-OPERATING LEASES
IRS990ScheduleD/OtherRevenueAmt04853
IRS990ScheduleD/RevenueNotReportedAmt085553
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03540039
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT COULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1OTHER FUNDRAISING EXPENSES 2,990. GAIN ON CHANGE IN FOREIGN CURRENCY 1,863.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2OTHER FUNDRAISING EXPENSES 2,990.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0211118
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0414092
IRS990ScheduleD/TotalExpensesPerForm990Amt03577052
IRS990ScheduleD/TotalLiabilityAmt0425491
IRS990ScheduleD/TotalRevenuePerForm990Amt03540039
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03625592
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03660742
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt07
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0327542
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0RUSSIA AND NEIGHBORING STATES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROSTHETICS FOR UKRAINIAN CITIZENS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt054200
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PROSTHETICS FOR UKRAINIAN CITIZENS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0RUSSIA AND NEIGHBORING STATES
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt07
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0327542
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0GRANTS WERE GIVEN TO PROTEZ FOUNDATION UA, AN UKRAINIAN NONPROFIT THAT SERVICES PATIENTS THAT WERE FITTED IN THE UNITED STATES. BECAUSE OF CONSTANT CONTACT WITH THE DIRECTOR IN UKRAINE THERE WAS ONLY THE NEED OF A VERBAL REPORT ON HOW THE FUNDS WERE USED AND ONCE WE TOOK OVER LEGALLY IN SEPTEMBER 2023, SUPPORT FOR GRANTS GIVEN WERE VERIFIED.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt07
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0327542
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0123551
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt068922
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt054629
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0105433
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt014012
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt010200
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt024212
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA - 1 YEAR ANNIVERSARY
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WINTER GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt024296
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt017551
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt041847
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt092893
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt070769
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0163662
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023971
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt016140
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040111
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-65322
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt04335
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt04335
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026935
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt024004
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02931
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt08104
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt08104
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DR YAKOV GRADINAR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1IVANNA GRADINAR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY RELATIONSHIP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FAMILY RELATIONSHIP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0124800
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt131200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1COMPENSATION
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YAKOV GRADINAR AND IVANNA GRADINAR HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CHANGED ITS LEGAL NAME FROM PROTEZ TO PROTEZ FOUNDATION DURING 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY THE BOARD BEFORE FILING. UPON THEIR REVIEW AND APPROVAL IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MAKES A POLICY. EVERY WEEK THE BOARD MEETS WE GO THROUGH EVERY DECISION MADE IN THAT DEPARTMENT AND MAKE SURE THAT POLICY IS MET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL COMPENSATION WAS BASED ON RESEARCH OF COMPENSATION OF FOUNDATIONS OF SIMILAR SIZE. THE BOARD REVIEWED THE RESEARCH AND APPROVED THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST, THE FOUNDATION WILL MAKE AVAILABLE A PHYSICAL OR ELECTRONIC COPY OF THE FORM 1023, FORM 990 AND SUPPORTING SCHEDULES, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GAIN ON CHANGE IN FOREIGN CURRENCY 1,863.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$760,728
Liabilities
$451,004
Net assets
$309,724
Revenue
$3,540,039
Expenses
$3,577,052
Net income
-$37,013
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.73$1.83$1.90$5.03$3.86$1.17
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.45$0.31$3.54$3.58$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.56$0.21$0.34$1.02$0.67$0.34