Question 1

When was the FMYCP established?

Accepted Answer

The Foundation for Modern Youth & Civic Participation Ltd. was created on July 4th, 2016 and was incorporated as a nonprofit Ltd. on July 5th, 2016 by the Illinois Secretary of State.

Question 2

Is this a private or a public foundation?

Accepted Answer

The FMYCP is a public foundation. It is funded by the public and for profit and other not for profit entities. It is NOT funded by an individual or by a single family.

Question 3

Is the foundation nonprofit and tax exempt?

Accepted Answer

The Foundation for Modern Youth & Civic Participation is a nonprofit Ltd. The foundation applied for 501 (c) tax exemption status in 2016.

Question 4

How does the foundation get funded?

Accepted Answer

The foundation is funded mostly through donations, all meeting the criteria of the 501 (c) tax exemption requirements.  It is funded by: donations by individuals, donations by not for profit corporations, donations by for profit corporations, funds obtained for training courses, webinars, seminars, presentations, research and advisory activities, funds obtained for events, funds obtained for educational and civic participation related activities.

Question 5

How does the foundation spend its money?

Accepted Answer

The foundation spends its money for public causes meeting the 501 (c) tax exemption requirements. It does NOT fund political candidates, and does not spend funds on political endorsements or political campaigns.  The foundation spends its budget on operational related costs for its projects and programs. The foundation strongly advocates volunteerism by youth, parents and professionals. Therefore does NOT have paid employees.

Question 6

Does the foundation get involved in politics?

Accepted Answer

The FMYCP does not back, campaign for, support, or endorse political candidates and it does not partake in electoral or campaign politics.  The foundation offers subject matter research and support for legislators and policymakers, local, county and state governments and public institutions, in order to draft effective, pragmatic and up-to-date policies, ordinances or legislation.

THE FOUNDATION

FOR MODERN YOUTH & CIVIC PARTICIPATION