2024-11-13T18:22:39-07:00 2023-12-31 841330236 Roy Willis Gentry PC CPA 3401 Quebec Street Denver CO 80207 990 2023-01-01 853702577 Foresight Foundation for Economic Equity FORE 4804677950 3401 E Claremont Ave Paradise Valley AZ 85253 Dr Antoinette Farmer-Thompson CEO 2024-03-07 false Roy Gentry P00394569 3038306976 2024-10-25 2023 2024-10-15 13:58:12Z Dr Antoinette Farmer-Thompson 3401 E Claremont Ave Paradise Valley AZ 85253 563790 false X WWW.FFFEE.ORG X 2020 AZ The Foresight Foundation for Economic Equity (Foresight) is committed to fostering economic and community development by investing in minority-owned enterprises, housing, education, and healthcare. We promote business diversity, both social and financial, to strengthen underserved communities. 4 3 0 0 0 0 629155 551175 0 0 0 12615 0 0 629155 563790 0 339500 0 0 0 0 0 0 268295 426889 268295 766389 360860 -202599 615136 662607 -70 250000 615206 412607 X The Foresight Foundation for Economic Equity (Foresight) is committed to fostering economic and community development by investing in minority-owned enterprises, housing, education, and healthcare. We promote business diversity, both social and financial, to strengthen underserved communities. false false 211165 65000 Reach Programs: Through our REACH program, Foresight has supported the capacity-building and revenue growth of over 100 African American-led organizations across key industries such as Technology, Healthcare, Workforce Development, Real Estate/Affordable Housing, and Education. More than 30 small businesses received in-depth services in operational excellence, marketing, revenue growth, financial counseling, and business management. Behavioral health support integrated into community and educational settings fosters resilience and enables youth to thrive. Our scholarship program supports students with resources to help them succeed educationally and in life. A partnership with Tolleson School District has enhanced educational opportunities in marginalized communities. Additionally, the Immersion Scholarship program has empowered Black technology founders to excel and attract venture capital. 49279 13790 339742 485000 600186 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 18 0 true 0 false false false false false false false false false false false false false false false false false false false false false false false false false false X 4 3 false false false false false false false true true false false false true true true true true false true true false false X Diana Washington-Crawford 6023203295 4939 W Ray RD Suite 4-184 Chandler AZ 85226 Antoinette Farmer-Thompson CEO/Director 25 X X 42000 0 0 Diana Washington Crawford Officer 15 X 25400 0 0 Juan Salgado Director X 0 0 0 John Kemper Director X 0 0 0 Vada O Manager Director X 0 0 0 67400 0 0 false false false 551175 551175 0 12615 12615 0 0 0 0 0 0 0 0 0 0 563790 12615 0 0 339500 339500 256149 164106 92043 26300 26300 18113 8363 9750 13518 3508 10011 1036 1036 12588 8052 4536 4775 4408 367 0 383 383 Scholarships 57250 47250 10000 Donations & Support 25000 25000 Miscellaneous 1777 1777 Bad Debt 10000 10000 0 0 0 0 766389 600187 166203 0 612734 409014 500 1079 1902 252514 0 0 615136 662607 -70 250000 -70 250000 224296 246948 615206 412607 615136 662607 -202599 X false false false false false X 505415 629155 564040 1698610 0 0 0 0 505415 629155 564040 1698610 1698610 0 0 0 1698610 X 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 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990, PART VI, SECTION B, LINE 11B: THE CHEIF FINANCIAL OFFICER (CFO) PROVIDES A DRAFT OF THE 990 TO THE BOARD OF DIRECTORS AND ALL OFFICERS. THESE REPRESENTATIVES REVIEW THE 990 AND DURING THE NEXT SCHEDULED BOARD MEETING THE CFO PRESENTS A HIGHLIGHTED POWER POINT PRESENTATION OF THE 990. AFTER DISCUSSION OF THE FORM, THE CFO COMPILES ALL SUGGESTED REVISIONS AND SUBMIT THEM TO THE CERTIFY PUBLIC ACCOUNTANT (CPA). FORM 990, PART VI, SECTION B, LINE 11B Cont: THE CPA REVISES THE FORM 990, TO THE EXTENT DEEMED APPROPRIATE IN THEIR PROFESSIONAL JUDGEMENT AND SUBMIT IN FINAL FORM TO THE CFO AND THE CEO FOR APPROVAL AND SIGNATURE. THE FINAL 990 FORM IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR COMMENT(S) PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: THE CONFLICT OF INTEREST POLICY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. IN ADDITION, ALL BOARD MEMBERS, OFFICERS, AND KEY PERSON OF FORESIGHT SIGN AND ACKNOWLEDGE THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND AGREE TO ABIDE BY IT AND ASKED TO INDENTIFY ANY POTENTIAL CONFLICTS THEY MAY HAVE. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST ARISE, THEY ARE REFERRED TO THE BOARD. THE BOARD MAY SEEK INFORMATION FROM THE DIRECTOR, OFFICER OR KEY PERSON WITH THE CONFLICT PRIOR TO BEGINNING DELIBERATION AND REACHING A DECISION ON THE MATTER FORM 990, PART VI, SECTION B, LINE 12C Cont: HOWEVER, A CONFLICTED PERSON SHALL NOT BE PRESENT DURING THE DISCUSSION OR VOTE ON THE MATTER AND MUST NOT ATTEMPT TO INFLUENCE IMPROPERLY THE DELIBERATION OR VOTE. SHOULD EVIDENCE DISCLOSE THAT A CONFLICT OF INTEREST EXISTS, THE APPROPRIATE DISCIPLINARY MEASURES ARE IMPLEMENTED. SCHEDULE O PART VI, SECTION B, LINE 15: THE OBJECTIVE OF FORESIGHT'S EXECUTIVE COMPENSATION POLICY IS TO ATTRACT, RETAIN, MOTIVATE AND REWARD EXECUTIVE OFFICERS WHO CONTRIBUTE TO THE FOUNDATION'S SUCCESS IN FULFILLING ITS MISSION. ACCORDINGLY, THE FOUNDATION CONSIDERS THE FOLLOWING IN SETTING EXECUTIVE COMPENSATION: 1) THE FOUNDATION COMPENSATES SCHEDULE O PART VI, SECTION B, LINE 15: Cont EXECUTIVES AND STAFF FOR PERFORMANCE, SKILLS AND COMPETENCIES, DEVELOPMENT AND GROWTH, AND EFFECTIVE VISIBLE COMMITMENT TO THE FOUNDATION SCHEDULE O PART VI, SECTION B, LINE 15: Cont 2) THE BOARD OR AUTHORIZED COMMITTEE SHALL BASE APPROVAL OF COMPENSATION ON APPROPRIATE DATA, INCLUDING COMPENSATION PAID BY COMPARABLE ORGANIZATIONS FOR FUNCTIONALLY SIMILAR POSITIONS, AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA OF THE CORPORATION, AND COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS. SCHEDULE O PART VI, SECTION B, LINE 15: Cont 3) BOARD COMPENSATION: NO COMPENSATION IS PAID TO THE DIRECTOR FOR THE PERFORMANCE OF HIS OR HER DUTIES AS DIRECTOR. THIS DOES NOT IN ANY WAY LIMIT REASONABLE COMPENSATION FOR PAYMENT FOR SERVICES PROVIDED TO FORESIGHT BY THE DIRECTOR IN ANY CAPACITY SEPARATE FROM HIS OR HER RESPONSIBILITIES AS A DIRECTOR, SCHEDULE O PART VI, SECTION B, LINE 15: Cont PROVIDED THAT THERE IS FULL DISCLOSURE OF THE TERMS OF SUCH COMPENSATION AND ARRANGEMENT HAS BEEN APPROVED BY THE BOARD. 4) OFFICERS COMPENSATION: THE BOARD SHALL HAVE THE POWER IN ITS DISCRETION TO CONTRACT FOR AND TO PAY OFFICERS RENDERING SCHEDULE O PART VI, SECTION B, LINE 15: Cont UNUSUAL OR EXCEPTIONAL SERVICES TO THE FOUNDATION APPROPRIATE TO THE VALUE OF THE SERVICES. ANY PAYMENTS MADE TO AN OFFICER FOR ANY PURPOSE SHALL BE IN ACCORDANCE WITH THE FOUNDATION'S POLICY GOVERNING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION PROVIDES A PAPER COPY OF THE FINANCIAL STATEMENTS UPON REQUEST. THE ORGANIZATION DOES NOT PROACTIVELY PROVIDE COPIES OF ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19 Cont: HOWEVER IF THE ORGANIZATION RECEIVES A REQUEST FROM A DONOR OR POTENTIAL DONOR, THE ORGANIZATION WILL CONSIDER THE REQUEST AND THE CIRCUMSTANCES SURROUNDING THE REQUEST IN DETERMINING WHETHER TO PROVIDE THE DOCUMENTS.