Open Book Policy
Transparency is a core principle of our organization.
This page provides public documentation regarding the formation, legal status, and financial structure of If Memories Could Be Transferred Foundation Inc., so that donors, partners, and the public may understand how the organization is established, governed, and supported.
All documents shown here are official filings or internally maintained records prepared in good faith.
📌 Organizational Status
Status Update (January 2026):
If Memories Could Be Transferred Foundation Inc. is recognized by the Internal Revenue Service as a
federal tax-exempt public charity under Section 501(c)(3) of the Internal Revenue Code.
Contributions to the Foundation are tax-deductible to the extent permitted by U.S. law.
💰 Financial Records
The following tables summarize startup and compliance-related expenses incurred during the formation and early operation of the Foundation.
Financial Record (2025)
| Date | Item / Description | Cost (USD) | Source of Funds |
|---|---|---|---|
| Oct 2025 | Federal 501(c)(3) Filing Fee | $275.00 | Founder-Funded Expenses |
| Oct 2025 | Registered Agent Service (1 year) | $49.00 | Founder-Funded Expenses |
| Oct 2025 | California State Registration | $35.00 | Founder-Funded Expenses |
| Nov 06, 2025 | Domain & Hosting (Annual) | $48.00 | Founder-Funded Expenses |
| Nov 15, 2025 | OpenAI API (Drafting & Research Tools) | $10.00 | Founder-Funded Expenses |
| Nov 28, 2025 | Statement of Information Filing (CA SOS) | $20.00 | Founder-Funded Expenses |
| TOTAL | Initial Setup Costs | $437.00 | Founder-Funded Expenses |
Financial Record (2026)
| Date | Item / Description | Cost (USD) | Source of Funds |
|---|---|---|---|
| Jan 1, 2026 | California DOJ – Registry of Charities Initial Registration | $51.15 | Founder-Funded Expenses |
| TOTAL | Compliance Costs | $51.15 | Founder-Funded Expenses |
These expenses represent startup and regulatory costs personally paid by the founder.
No reimbursement, compensation, salary, or personal income has been received from the Foundation.
📄 Governance & Legal Documents
To promote accountability and public trust, the Foundation makes key governance and legal documents available for public review.
IRS Determination Letter
Effective Date of Exemption: October 13, 2025
This letter confirms recognition as a public charity under IRC Section 501(c)(3).
🛡️ “Transparency is the foundation of trust — and the beginning of memory.”