2025-03-15T12:34:50-07:00 2024-12-31 990 2024-01-01 863950271 MADE NEW FOUNDATION INC MADE 7608596977 11233 Raymond Ave Los Angeles CA 90044 Rafael Quiroz Executive Director 7608596977 2025-03-15 1 2024 2025-03-06 01:10:19Z Rafael Quiroz 2526 10TH ST RIVERSIDE CA 92507 246584 0 X www.madenewfoundation.org X 2021 CA The nonprofit organization is dedicated to facilitating the reintegration of formerly incarcerated individuals into society. Additionally, it aims to elevate and support underprivileged communities by harnessing the transformative power of Artificial Intelligence and Virtual Reality to improve lives and societal structures. 5 2 0 0 0 0 246584 0 0 0 0 246584 2360 0 146103 0 0 30879 0 179342 0 67242 0 66666 0 -576 0 67242 The nonprofit organization is dedicated to facilitating the reintegration of formerly incarcerated individuals into society. Additionally, it aims to elevate and support underprivileged communities by harnessing the transformative power of Artificial Intelligence and Virtual Reality to improve lives and societal structures. 0 0 158621 0 238086 Improved Program Description: Virtual Reality Coaching & Online Training: The organization offers cutting-edge Virtual Reality (VR) coaching services to provide immersive, real-world training experiences. These programs empower individuals to develop essential life skills, such as communication, decision-making, and conflict resolution, in a safe and controlled virtual environment. VR Training Course Development: We also specialize in developing customized online VR training courses, tailored to meet the unique needs of individuals reentering society or those seeking to improve their professional skills. Our VR-based courses offer interactive, hands-on learning experiences that bridge the gap between traditional education and real-life application, allowing participants to gain practical knowledge and confidence for their personal and career growth. 0 0 0 158621 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X Rafael Quiroz 7608596977 11233 Raymond Ave Los Angeles CA 90044 Shannon Royster Administrative Director 5 0 X 27950 0 0 Sithy Bin Community Engagement Director 6.00 X 21100 0 0 Rafael Quiroz Executive Director 5 0 X 16500 0 0 Major Bunton Director of Programming 5 0 X 16280 0 0 Aaron Bray Director of Innovation 1 0 X 0 0 0 81830 0 0 0 0 0 0 0 0 0 0 0 0 246584 0 246584 0 0 0 0 0 0 0 246584 0 0 0 2360 2360 78130 78130 47576 27545 20031 20397 20397 750 750 25 25 3162 2825 337 1920 1920 344 272 72 6484 6484 10000 10000 2090 2090 109 109 60 60 3130 3130 Bank fees & service charges 136 0 136 0 Memberships & subscriptions 10 0 10 0 Office supplies 2584 2584 0 0 Shipping & postage 75 0 75 0 179342 158621 20721 0 63392 3274 0 66666 -576 0 -576 X 0 0 0 0 0 67242 0 67242 0 66666 X 67242 0 0 0 0 0 X 1 X 1 X 1 0 X 0 0 0 12500 246584 259084 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12500 246584 259084 0 259084 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 259084 0 X Form 990, Part VI, Section B, Line 11b The organization's Form 990 is reviewed by the board of directors and the finance committee before filing. The finance committee, which includes members with expertise in accounting and nonprofit financial management, works with the organization's accountant to ensure the accuracy of the financial statements. Once the form is finalized, the board members have an opportunity to review the completed Form 990 and provide feedback. After their review and approval, the form is filed with the IRS. Form 990, Part VI, Section B, Line 12c Yes, the organization regularly monitors and enforces compliance with its policies. The board of directors conducts quarterly reviews of the organization's operations to ensure adherence to established policies, including the conflict of interest policy, financial controls, and governance guidelines. Additionally, the executive director and senior management team are responsible for day-to-day oversight and ensuring that all staff and volunteers are trained on and comply with these policies. Any potential violations are promptly addressed, and corrective actions are taken as necessary. The organization maintains documentation of these reviews and enforcements to ensure transparency and accountability. Form 990, Part VI, Section B, Line 15 Yes, the organization uses a compensation review process for its officers, directors, and key employees. The compensation for these individuals is determined by the Compensation Committee, which consists of independent board members who have no conflicts of interest with the individuals being compensated. The committee reviews compensation data from similar organizations in the industry, ensuring that the compensation is reasonable and aligns with market standards. In 2024, the committee undertook a comprehensive review of the compensation for the executive director, and adjustments were made based on this review. The process is revisited annually to ensure continued compliance with nonprofit compensation guidelines. Form 990, Part VI, Section C, Line 19 During the tax year, the organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Interested parties could obtain copies by contacting the organization's office. Additionally, the organization's Form 990 and financial statements were accessible on its official website at www.madenewfoundation.org. Copies of the Form 990 were also available through publicly accessible databases such as the IRS Tax Exempt Organization Search or GuideStar. Form 990, Part XI, Line 9 Deffered Expenses