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Nonprofiteer
← B2W2 INC

Form 990 for tax year 2023

Filed by B2W2 INC.

Totals

Total revenue
$829,791
Total expenses
$893,645
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$146,381
Investment income
$18,435
Other revenue
$664,975
Total assets, end of year
$3,255,995
Total liabilities, end of year
$787,234
Net assets or fund balances, end of year
$2,468,761
Program services expenses (Part IX)
$614,960
Management and general expenses
$265,040
Fundraising expenses
$13,645
Program service expenses (Part III)
$614,960

Program services were 68.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EQUIPMENT SERVICE INCO

    total $146,381 · related or exempt $146,381

  • 3 · Investment income

    total $8,435 · excluded $8,435

  • 6a · Gross rents

    real property $664,975

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $664,975

  • 6d · Net rental income or loss

    total $664,975 · related or exempt $664,975

  • 7a · Gross sales of assets other than inventory

    other assets $21,230

  • 7b · Less cost or other basis and sales expenses

    other assets $11,230

  • 7c · Gain or loss

    other assets $10,000

  • 7d · Net gain or loss

    total $10,000 · excluded $10,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $433,016 · program services $298,446 · management and general $127,948 · fundraising $6,622

  • 20 · Interest

    total $5,662 · program services $3,902 · management and general $1,673 · fundraising $87

  • 22 · Depreciation, depletion and amortization

    total $204,221 · program services $140,754 · management and general $60,344 · fundraising $3,123

  • 23 · Insurance

    total $2,068 · management and general $2,068

  • 24a · Other expenses: BUILDING MAINTENANCE

    total $199,646 · program services $139,025 · management and general $57,536 · fundraising $3,085

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $38,370 · program services $26,447 · management and general $11,338 · fundraising $585

  • 24c · Other expenses: UTILITIES

    total $34,047 · program services $23,466 · management and general $10,060 · fundraising $521

  • 24d · Other expenses: RENT

    total $12,350 · program services $8,512 · management and general $3,649 · fundraising $189

  • 24e · All other expenses

    total -$35,735 · program services -$25,592 · management and general -$9,576 · fundraising -$567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $602,471 · end of year $222,519

  • 4 · Accounts receivable

    beginning of year $58,833 · end of year $417,151

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,674 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $5,353,449

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,647,506

  • 10c · Land, buildings and equipment, net

    beginning of year $1,806,671 · end of year $1,705,943

  • 12 · Investments: other securities

    beginning of year $204,632 · end of year $214,975

  • 15 · Other assets

    beginning of year $688,739 · end of year $695,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,977 · end of year $54,079

  • 25 · Other liabilities

    beginning of year $726,979 · end of year $733,155

  • 27 · Net assets without donor restrictions

    beginning of year $2,616,064 · end of year $2,468,761

Mission and programs · 2023

Mission

B2W2 INC.'S SOLE PURPOSE IS TO ACT EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CHILDREN & FAMILIES FIRST DELAWARE INC., AN ORGANIZATION DESCRIBED IN SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. IN CONFORMITY WITH THE FOREGOING, THE ACTIVITIES OF B2W2 INC. WILL BE TO PROVIDE FACILITIES, VEHICLES AND EQUIPMENT TO CHILDREN & FAMILIES FIRST DELAWARE INC. TO BE USED IN FURTHERANCE OF ITS EXEMPT PURPOSE.

  • THE ORGANIZATION PROVIDED FACILITIES, VEHICLES AND EQUIPMENT TO CHILDREN & FAMILIES FIRST DELAWARE INC. TO BE USED IN FURTHERANCE OF ITS TAX EXEMPT PURPOSE.

    Expenses $614,960 · Revenue $811,356

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anthony J Lewis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.8

  • Casey E McCabe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.8

  • Jay Pierson III

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas P Collins Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • John Mraz

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • John Wood

    CFO/ADMINISTRATIVE OFFICER

    Total calculated
    $173,421
    From this org
    $0
    From related orgs
    $153,500
    Other
    $19,921
    Hours/week
    2.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,921 related
    Filer's total
    $0 + $173,421 related

  • Kirsten Olson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $210,307
    From this org
    $0
    From related orgs
    $194,893
    Other
    $15,414
    Hours/week
    2.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,893 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,414 related
    Filer's total
    $0 + $210,307 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403189349301605

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