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Nonprofiteer
← THE WESTMONT COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by THE WESTMONT COLLEGE FOUNDATION.

Totals

Total revenue
$243,494
Total expenses
$242,315
Contributions and grants received
$243,494
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,950,722
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,950,722
Program services expenses (Part IX)
$242,315
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$242,315

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $243,494

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $0

  • 13 · Office expenses

    total $850 · program services $850

  • 19 · Conferences, conventions and meetings

    total $208,063 · program services $208,063

  • 24a · Other expenses: Lecture Series and Scholarships

    total $33,402 · program services $33,402 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,029 · end of year $42,208

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,908,514 · end of year $2,908,514

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,949,543 · end of year $2,950,722

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To provide and develop community relations and financial support in concert with and toward fulfillment of the vision and mission of Westmont College

  • Higher Education: This year The Westmont Foundation provided scholarship funds for students to attend Westmont College.

    Expenses $242,315 · Revenue $243,494

As filed on the 2022 return.

Listed in Part VII

  • Gayle Beebe

    Board Member

    Total calculated
    $395,370
    From this org
    $0
    From related orgs
    $350,990
    Other
    $44,380
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,570 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,249 related
    Nontaxable benefits
    $0 + $20,131 related
    Filer's total
    $0 + $405,950 related

  • Doug Jones

    Board Member

    Total calculated
    $272,534
    From this org
    $0
    From related orgs
    $228,151
    Other
    $44,383
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,405 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,527 related
    Nontaxable benefits
    $0 + $28,856 related
    Filer's total
    $0 + $291,788 related

  • Reed Sheard

    Board Member

    Total calculated
    $256,672
    From this org
    $0
    From related orgs
    $219,246
    Other
    $37,426
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,057 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,893 related
    Nontaxable benefits
    $0 + $21,532 related
    Filer's total
    $0 + $263,482 related

  • Jason Eldred

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Daniel Aldrich

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Diana Couch Beaudry

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sonia Behrman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Hank Bowis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Darren Caesar

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Daoud

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Davies

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Alice Van De Water

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Denice Fellows

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brad Frohling

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jacques Habra

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Helga Houston

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susan Jackson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Andria Kahmann

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bobbie Kinnear

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bill Macfadyen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Mayfield

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bruce McRoy

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marshall Miller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lynda Nahra

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Christopher O'Connor

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ashley Parker Snider

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mitch Vance

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ryan Wolfshorndl

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Karen Yonally

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

None.

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
2022
Filed
18 March 2024
IRS schema version
2022v5.0
Source object
202430799349300203

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