Nonprofit · EIN 85-3702577
FORESIGHT FOUNDATION FOR ECONOMIC EQUITY
Tax-exempt · PARADISE VLY, AZ 85253
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $20,445 | $181,026 | -$160,581 | $397,612 | $337,466 | $60,146 |
| December 31, 2024 | 990 | $24,723 | $220,342 | -$195,619 | $486,560 | $249,095 | $237,465 |
| December 31, 2023 | 990 | $563,790 | $766,389 | -$202,599 | $662,607 | $250,000 | $412,607 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,619
- Program service revenue
- $0
- Investment income
- $18,826
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,400
- Program services (functional)
- $170,509
- Management and general (functional)
- $10,516
Balance sheet and other
- Total assets, start of year
- $486,560
- Total assets, end of year
- $397,612
- Total liabilities, end of year
- $337,466
- Net assets, end of year
- $60,146
- Net assets without donor restrictions
- $237,465
- Gross receipts
- $20,445
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vada Manager | Board Chairman Trustee or director, Officer | 10 | $0 |
| Kim Covington | Vice Board Chairperson Trustee or director | 5 | $0 |
| Dr Antoinette Farmer-Thompson | Board Member | 5 | $0 |
| Karl Gentles | Treasurer | 5 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vada Manager | Board Chairman Trustee or director, Officer | 10 | – |
| Kim Covington | Board Member Trustee or director | 5 | $0 |
| Dr Antoinette Farmer-Thompson | Board Member | 5 | $0 |
| Karl Gentles | Board Member | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Antoinette Farmer-Thompson | CEO/Director Trustee or director, Officer | 25 | $42,000 |
| Diana Washington Crawford | Officer Officer | 15 | $25,400 |
| Juan Salgado | Director Trustee or director | – | $0 |
| John Kemper | Director Trustee or director | – | $0 |
| Vada O Manager | Director Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 3401 E CLAREMONT AVE, PARADISE VLY, AZ 85253-3705
- Mailing address (990-N for 2020)
- 3401 East Claremont Aven, PARADISE VALLEY AZ 85253
- Principal officer (990 for 2025)
- Sal Rivera, 3401 Ckarenibt Street, Paradise Valley, AZ 85253
- Principal officer (990-N for 2020)
- Antoinette Farmer-Thompson, 3401 East Claremont Aven, PARADISE VALLEY AZ 85253
- Signed the 990
- Sal Rivera, Executive Director
- Phone
- (480) 467-7950
- Return prepared by
- Roy Willis Gentry CPA Inc
Mission
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.
Program accomplishments
- Foresight Foundation incurred expenses in the approximate amount of $170,509 on consultants and experts to support their efforts to reorganize and build resilience and capacity, which puts Foresight Foundation in a strong position to expand its programs.Expenses $170,509
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3702577
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $397,612
- Income (IRS master file)
- $20,445
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $20,445 | $181,026 | $397,612 | IRS |
| 990 | December 2024 | $24,723 | $220,342 | $486,560 | IRS |
| 990 | December 2023 | $563,790 | $766,389 | $662,607 | XML |
| 990 | December 2022 | $629,155 | $268,295 | $615,136 | IRS |
| 990 | December 2021 | $505,415 | $251,069 | $254,809 | IRS |
| 990-N for 2020 Officer: Antoinette Farmer-Thompson | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-3702577).
Questions about FORESIGHT FOUNDATION FOR ECONOMIC EQUITY
- What is the EIN of FORESIGHT FOUNDATION FOR ECONOMIC EQUITY?
- The employer identification number (EIN) of FORESIGHT FOUNDATION FOR ECONOMIC EQUITY is 85-3702577.
- Is FORESIGHT FOUNDATION FOR ECONOMIC EQUITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FORESIGHT FOUNDATION FOR ECONOMIC EQUITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORESIGHT FOUNDATION FOR ECONOMIC EQUITY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FORESIGHT FOUNDATION FOR ECONOMIC EQUITY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORESIGHT FOUNDATION FOR ECONOMIC EQUITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FORESIGHT FOUNDATION FOR ECONOMIC EQUITY?
- The 990 for the year ended December 31, 2025 names Sal Rivera.
- Who are the officers and directors of FORESIGHT FOUNDATION FOR ECONOMIC EQUITY?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does FORESIGHT FOUNDATION FOR ECONOMIC EQUITY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $20,445, expenses of $181,026 and total assets of $397,612 at year end.
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