2024-11-14T10:36:24-05:00 2023-12-31 205907840 Ketcham & Associates LLC 202 Mountain Avenue Westfield NJ 07090 990 2023-01-01 851478153 FUNGI FOUNDATION INC FUNG 224 WEST 35TH ST SUITE 500 NO 767 NEW YORK NY 10001 GUILIANA FURCI CHIEF EXEC DIRE 2122029655 2024-10-24 true true Steven Ketcham CPA P01439801 9082324618 2024-11-14 2023 2024-10-15 13:58:12Z GIULIANA FURCI 224 WEST 35TH ST SUITE 500 NO 767 NEW YORK NY 10001 348314 false X FFUNGI.ORG X 2020 NY TO EXPLORE THE FUNGI TO INCREASE KNOWLEDGE OF THEIR DIVERSITY, PROMOTE INITIATIVE SOLUTIONS TO CONTINGENT PROBLEMS, EDUCATE ABOUT THEIR EXISTENCE AND APPLICATIONS, AS WELL AS RECOMMENDING PUBLIC POLICY FOR THEIR CONSERVATION. 6 6 2 10 0 0 413399 333314 15000 0 0 413399 348314 110432 99466 0 91035 91518 0 9556 257869 347197 459336 538181 -45937 -189867 331985 139272 5845 2999 326140 136273 TO EXPLORE THE FUNGI TO INCREASE KNOWLEDGE OF THEIR DIVERSITY, PROMOTE INITIATIVE SOLUTIONS TO CONTINGENT PROBLEMS, EDUCATE ABOUT THEIR EXISTENCE AND APPLICATIONS, AS WELL AS RECOMMENDING PUBLIC POLICY FOR THEIR CONSERVATION. false false 459671 348314 KINGDOM FUNGI IS INDISPENSABLE TO EARTHS MANY ECOSYSTEMS AND THE ORGANISMS THAT INHABIT THE PLANET. OUR MAIN FOCUS IS ON RESEARCH, CONSERVATION, EDUCATION, EXPLORATION AND DEVELOPMENT OF FUNGI. THE ORGANIZATION ENVISIONS A HEALTHY PLANET IN WHICH FUNGI ARE RECOGNIZED AS THE INTERCONNECTORS OF NATURE. 459671 true true false false false false false false false false true false false false false false false false false true true false false false false false false false false false false false false false false false false false true false false false false false false false false true 4 0 true 2 true false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true true false NY X X GIULIANA FURCI 2122029655 224 WEST 35TH ST SUITE 500 NO 767 NEW YORK NY 10001 GIULIANA FURCI CHIEF EXECUTIVE DIRECTOR 40.00 0.00 X 79603 0 0 NANCY TURNER DIRECTOR 1.00 0.00 X 0 0 0 JR RAHN DIRECTOR 1.00 0.00 X 0 0 0 PAUL STAMETS DIRECTOR 5.00 0.00 X 0 0 0 NATHALIE KELLEY SECRETARY 5.00 0.00 X X 0 0 0 JOANNA FOSTER CHAIR 20.00 0.00 X X 0 0 0 MICHELLE LOBO TREASURER 20.00 0.00 X X 0 0 0 79603 0 0 0 false false false 333314 40000 333314 OTHER REVENUE 624110 15000 15000 15000 348314 15000 0 0 6966 6966 92500 92500 91518 91518 40000 40000 7875 7875 5381 5381 3951 3951 6426 3213 3213 50812 45732 5080 2038 2038 2332 2332 Bank charges and fees 4465 4465 Contracted services 208551 208551 Dues and subscriptions 4511 4511 Program expense 1299 1299 9556 9556 538181 459671 68954 9556 323831 133156 10192 4076 8154 6116 331985 139272 5845 2999 5845 2999 X 326140 136273 326140 136273 331985 139272 -189867 0 X false false false X 60660 541058 413399 333314 1348431 60660 541058 413399 333314 1348431 267354 1081077 1000 1000 1349431 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10192 4076 6116 6116 true South America 14 Grant making Grants to recipients 85000 North America Not the United States Grant making Grants to recipients 7500 14 14 92500 92500 South America PROGRAM SUPPORT 85000 0 Fair market value North America Not the United States PROGRAM SUPPORT 7500 0 Fair market value false false false false false false Use of grant monitoring procedures (Part I, line 2) FUNGI FOUNDATION INC RECEIVES INVITATIONS TO COLLABORATE WITHORGANIZATIONS, PROJECTS AND PEOPLE. THESE INVITATIONS ARRIVE MAINLY BYEMAIL THROUGH AN INSTITUTION THAT REFERS TO US AS AN NGO THAT PROMOTESTHE STUDY AND PROTECTION OF THE ENVIRONMENT FOCUSED ON THE FUNGI KINGDOM.THE PRINCIPAL FOCUS OF THE FUNGI FOUNDATION IS NOT FINANCIAL COLLECTIONFOR THIRD PARTIES, SO IN CASE OF PROVIDING FINANCIAL SUPPORT TO THIRDPARTIES, THEY MUST BE WELL-KNOWN INSTITUTIONS OR PEOPLE WHO PRESENT AFORMAL PROJECT TO THE FOUNDATIONS BOARD. THIS PROJECT IS REVIEWED BY THEFINANCIAL TEAM AND EXECUTIVE MANAGEMENT, WHO, ONCE APPROVED, INTRODUCETHE INITIATIVE TO THE BOARD OF DIRECTORS. FINALLY, IT IS THE BOARD OFDIRECTORS WHO DECIDE IF THE PROJECT IS VIABLE OR NOT. THE INITIATIVES THAT HAVE THE SUPPORT OF THE FUNGI FOUNDATION COMMIT TOCOMPLY THEIR PROJECT AS AGREED. THEY SHARE THEIR ACHIEVEMENTS ANDEXPENSES REPORT WITH A SETTLED FREQUENCY. LASTLY, A FINAL PRESENTATION ISMADE WITH THE FINAL OUTCOME OF THE PROJECT, ITS COSTS AND IMPACTS FORSOCIETY. X Legal services 1 40000 FMV false false false Form 990 governing body review Part VI line 11 FUNGI FOUNDATION, INC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTINGFIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THEINFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEENPREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THEINTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FORAPPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THEINTERNAL REVENUE SERVICE. Conflict of interest policy compliance Part VI line 12c THE ORGANIZATIONS CONFILCT OF INTEREST POLICY APPLIES TO THE ORGANIZATIONSBOARD OF DIRECTORS. THE ORGANIZATION MONITORS ITS POLICY EACH YEAR BYHAVING THE BOARD DIRECTORS DICLOSE THIS IN THE BOARD MEETINGS. THEPROCEDURES FOR WHEN A CONFLICT OF INTEREST ARISES IS THE DIRECTOR OROFFICET MUST TAKE THIS MATTER UP TO THE BOARD OF DIRECTORS AND THEDISINTERETED DRECTORS SHOULD DETERMINE WHETHER IT IS IN THE BEST INTEREST. CEO executive director top management comp Part VI line 15a THE CHIEF EXECUTIVE OFFICERS COMPENSATION IS DETERMINED AND APPROVED BYTHE BOARD OF DIRECTORS BY USING COMPENSATION INFORMATION OF COMPARABLYSIZED NOT-FOR-PROFIT ORGANIZATIONS. THIS PROCESS IS CONDUCTED ON AN ANNUALBASIS AND DOCUMENTED ON THE BOARDS MINUTES. Other officer or key employee compensation Part VI line 15b COMPENSATION OF EMPLOYEES IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS BY USING COMPENSATION INFORMATION OF COMPARABLY SIZED NOT-FOR-PROFIT ORGANIZATIONS. THIS PROCESS IS CONDUCTED ON AN ANNUALBASIS AND DOCUMENTED ON THE BOARDS MINUTES. Governing documents etc available to public Part VI line 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION ASREQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN ISALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. INADDITION, THE FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY,ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTENREQUEST. General explanation attachment Form 990, Part III: Notable Achievements1. Received 4,350 enrollments from 80 countries in our Free Mycological Curriculum in English, while 370 educators accessed the Spanish translation of the curriculum.2. Mistercaps became a new partner to assist in providing teachers with free mushroom grow kits + donate 1% of all their proceeds from these mushroom grow kits to the Fungi Foundation.3. Our Education Lead taught lessons from our Fungi Education resources to over 200 students, aged 5 to 15, in New York and New Jersey. 4. We cataloged 284 uses from 184 species of fungi, using publicly available information. These uses have been documented among approximately 90 Indigenous Peoples, local communities, or traditional societies spanning about 48 countries. 5. We released the Fungi Foundations Ethnomycology Ethical Guidelines. 6. Giuliana Furci from the Fungi Foundation and Dr. Bryn Dentinger of the University of Utah discovered and described a new species of mushroom: Psilocybe stametsii named in honor of the legendary mycologist Paul Stamets.7. Our team, together with the Society for the Protection of the Underground Networks (SPUN) spent three weeks at the southern tip of the South American continent, in Chile, doing above and below-ground fieldwork. They were joined by the National Geographic Society to film a documentary. 8. A team of mycologists from the Fungi Foundation traveled to Chiles Nahuelbuta mountain range searching for the Big Puma Fungus (Austroomphaliaster nahuelbutensis), a fungus that had only been documented by science once in 1988. They found it. 9. Premier of the documentary 10 Days in the Forest, screened in six festivals in Chile, Mexico, the US and Austria.10. Developed and published the online tool Fungal Conservation Tracker. 11. Over 90 organizations and institutions used or adopted the term funga in their communications, based on the Fungi Foundations advocacy for this terminology. 12. Daniela Torres, Programs Lead at the Fungi Foundation, gave a talk at the Latin American Mycology Congress and took part in the pre-congress Workshop 3rd IUCN Latin American Workshop for the evaluation of fungal and lichen species. 13. The work of the Fungi Foundation was featured 70 times during the year in articles, digital and printed publications, podcasts, and videos.