Not Yet Foundation

Introduction

The Not Yet Foundation is a U.S. nonprofit organization classified as a 501(c)(3) entity, which is designated for various philanthropic purposes including religious, educational, charitable, scientific, and literary activities, as well as the prevention of cruelty to children or animals.

Type and Purpose

The foundation operates under the category of Human Services — Multipurpose and Other in the National Taxonomy of Exempt Entities (NTEE). Its mission focuses on promoting a peaceful existence by supporting initiatives that nourish the body, fuel the brain, and encourage giving with compassion.

Governance

Key positions within the foundation include a president, vice president, secretary, and directors. As of recent reporting, these roles have been held by Laura J Brancato (President), Helene Shenkus (Vice President), Barbara A Peters (Secretary), Sherrilynn L Borge (Director), and Margaret Miller (Director)[1]. Notably, recent compensation reports indicate that these officers have received no financial compensation for their roles[1].

Tax Deductibility

Donations made to the Not Yet Foundation are tax deductible, aligning with the IRS's guidelines for 501(c)(3) organizations[1].

Philosophy and Impact

The Not Yet Foundation emphasizes the value of even small acts of kindness, reflecting the belief that no act of generosity is ever wasted. Its mission is to enhance well-being and productivity through compassionate initiatives.

Further Information

For detailed financial reports and governance documents, the foundation submits Form 990-PF annually to the IRS, providing insights into its activities and management[1].

[1] https://projects.propublica.org/nonprofits/organizations/455472839 [2] https://accountants.intuit.com/community/proseries-tax-discussions/discussion/non-profits-foundation/00/301168 [3] https://www.guidestar.org/search [4] https://www.notyetfoundation.org [5] https://pce.sandiego.edu/foundation-vs-nonprofit-vs-charity/