PLATINUM2023

The Logical Foundation

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GuideStar Charity Check

The Logical Foundation

EIN: 88-3607946


Mission

The Logical Foundation's mission is to ensure a prosperous future for humanity by unleashing the massive anti-poverty potential of basic income. We empower people and families suffering from poverty to meet their basic needs and build economic security. Our Maximum Impact Pilot will help individuals and families suffering from homelessness while paving a path toward the first cost-effective solution that could end homelessness forever.

Ruling year info

2022

Executive Director

Michael Simm

Main address

1123 E Apache Blvd APT 118

Tempe, AZ 85281 USA

Show more contact info

EIN

88-3607946

Subject area info

Community and economic development

Basic and emergency aid

Population served info

Immigrants and migrants

Economically disadvantaged people

Incarcerated people

At-risk youth

Victims and oppressed people

NTEE code info

Emergency Assistance (Food, Clothing, Cash) (P60)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990-N.

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Homelessness is inherently dehumanizing and dangerous, and Arizona summers are hellishly hot. Arizona is the worst place in America to live on the streets with almost 10% of the homeless population dying each year. The fundamental problem is that our society doesn't have a reliable or cost-effective way to help people escape homelessness, or prevent people from falling into homelessness in the first place. After looking at recent studies, we believe we have found the first workable solution.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Foundation's Maximum Impact Pilot

Building from recent experiments that have proven exceptionally cost-effective, we plan to help people suffering from homelessness with direct and dignified monthly cash grants.

Through our Maximum Impact Pilot, we plan to assist unhoused individuals in Maricopa County. We will provide $1,000 per month for 6 months to each participant. In addition, our team will help participants connect to existing service organizations that can help them regain stability faster.

Our target is to help at least 50% of our homeless participants achieve stability within 6 months. We have calculated, based on the housing outcomes of prior basic income programs for unhoused people, that our program will save lives for under $100,000 per life. Over time, it will demonstrate that basic income could help end the homelessness crisis for a fraction of the current costs.

Population(s) Served
Homeless people
Extremely poor people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Average number of dollars received per donor

This metric is no longer tracked.
Totals By Year
Related Program

Foundation's Maximum Impact Pilot

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Number of staff members certified in subject area training

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We are paving a path toward ending the homelessness crisis. Several recent studies have shown that structured cash assistance can help most homeless people overcome obstacles to success. In fact, every guaranteed income experiment so far has helped over two-thirds of homeless participants regain stability.

β€œ(Receiving the transfer) made me feel important. It’s like a silent cheering squad in the back of my mind. I know that the study is meant to help me so it has helped guide me. They have faith in me so I have faith in myself.” β€” Kathy (A homeless recipient of cash from the New Leaf Project).

We are building and researching this intervention to take on homelessness - and win. Our endgame is economic security for all, a world in which every person has a stable Foundation of guaranteed income.

We seek to accelerate the growth of guaranteed income and direct cash assistance while helping people in need and conducting high-quality research.

Once we have the funds to launch a program, we disburse guaranteed income and ensure the program runs smoothly. While operating the program, we conduct research to understand and improve our impact during future programs. The research we collect is used to demonstrate the impact of our intervention so we can expand our programs and generate much larger impacts.

Financials

The Logical Foundation

Financial data

SOURCE: Self-reported by organization

The Logical Foundation

Revenue & expenses

Fiscal Year: 2022

SOURCE: Self-reported by organization

Revenue
Contributions, Grants, Gifts $200
Program Services $0
Membership Dues $0
Special Events $0
Other Revenue $0
Total Revenue $200
Expenses
Program Services $0
Administration $0
Fundraising $0
Payments to Affiliates $0
Other Expenses $0
Total Expenses $0

The Logical Foundation

Balance sheet

Fiscal Year: 2022

SOURCE: Self-reported by organization

Assets
Total Assets $200
Liabilities
Total Liabilities $0
Fund balance (EOY)
Net Assets $0

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Michael Simm

There are no officers, directors or key employees recorded for this organization

There are no highest paid employees recorded for this organization.

The Logical Foundation

Board of directors
as of 10/26/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Michael Simm

Carol Farabee

Young Writers Foundation

Gareth Gilsdorf

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 1/24/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data