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← INVESTMENT PROFESSIONAL FOR CHARITY INC

Form 990 for tax year 2022

Filed by INVESTMENT PROFESSIONAL FOR CHARITY INC.

Totals

Total revenue
$226,294
Total expenses
$226,386
Contributions and grants received
$466,913
Grants paid
$176,129
Program service revenue
$0
Investment income
$0
Other revenue
-$240,619
Total assets, end of year
$694,397
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$694,397
Program services expenses (Part IX)
$191,481
Management and general expenses
$32,576
Fundraising expenses
$2,329
Program service expenses (Part III)
$191,481

Program services were 84.6% 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.

  • 1c · Fundraising events

    $421,233

  • 1f · All other contributions, gifts and grants

    $45,680

  • 8a · Fundraising events: gross income

    $85,767

  • 8a · Fundraising events: contributions included on line 1c

    $421,233

  • 8b · Fundraising events: direct expenses

    $326,386

  • 8c · Net income from fundraising events

    total -$240,619 · excluded -$240,619

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,129 · program services $176,129

  • 11c · Fees: accounting

    total $5,075 · management and general $5,075

  • 11g · Fees: other

    total $16,906 · management and general $16,906

  • 13 · Office expenses

    total $423 · management and general $423

  • 17 · Travel

    total $2,962 · management and general $2,962

  • 24a · Other expenses: EDUCATION INITIATIVE

    total $15,352 · program services $15,352

  • 24b · Other expenses: BANK FEES

    total $5,299 · management and general $5,299

  • 24c · Other expenses: FUNDRAISING

    total $2,329 · fundraising $2,329

  • 24d · Other expenses: SUBSCRIPTIONS

    total $1,255 · management and general $1,255

  • 24e · All other expenses

    total $656 · management and general $656

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $278,248 · end of year $694,397

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $278,248 · end of year $694,397

Mission and programs · 2022

Mission

DEDICATED TO RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.

Activities or mission (Part I)

RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.

  • RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.

    Expenses $191,481 · Grants $176,129

As filed on the 2022 return.

Listed in Part VII

  • Michael Hayden

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Cavazos

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert Manilla

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Burdick

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ken Huddson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

  • BOYS AND GIRLS CLUB

    $30,000

    SERVES AS AN ANCHOR FOR HOMELESSNESS AND SUBSTANCE ABUSE BY PROVIDING PROFESSIONAL AND COMPASSIONATE SUBSTANCE TREATMENT FOR HOMELESS MEN.

  • CROSSROADS OF MICHIGAN

    $20,000

    A SOCIAL SERVICE OUTREACH AGENCY TO HELP SUPPORT THE COMMUNITY BY PROVIDING EMERGENCY ASSISTANCE, ADVOCACY AND COUNSELING TO ANYONE IN NEED

  • AUTISM SPEAKS

    $15,000

    GENERAL SUPPORT

  • GRACE FARMS FOUNDATION

    $15,000

    PROVIDE A WORLD-CLASS CLUB EXPERIENCE THAT ASSURES SUCCESS IS WITHIN REACH OF EVERY YOUNG PERSON WHO ENTERS OUR DOORS, WITH ALL MEMBERS ON TRACK TO GRADUATE FROM HIGH SCHOOL WITH A PLAN FOR THE FUTURE, DEMONSTRATING GOOD CHARACTER AND CITIZENSHIP, AND LIVING A HEALTHY LIFESTYLE.

  • EVANS SCHOLAR

    $10,000

    GENERAL SUPPORT

  • GABBY'S GRIEF CENTER

    $7,500

    GENERAL SUPPORT

  • RACQET UP DETROIT

    $6,000

    OUT-OF-SCHOOL YOUTH DEVELOPMENT PROGRAM WHICH USES THE SPORT OF SQUASH TO MAKE A DIFFERENCE IN THE LIVES OF DETROIT YOUTH.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333179349303778

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