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← W&S CHARITABLE FOUNDATION INC

Form 990 for tax year 2022

Filed by W&S CHARITABLE FOUNDATION INC.

Totals

Total revenue
$294,956
Total expenses
$297,958
Contributions and grants received
$247,386
Grants paid
$280,000
Program service revenue
$0
Investment income
$89,820
Other revenue
-$42,250
Total assets, end of year
$933,768
Total liabilities, end of year
$499,324
Net assets or fund balances, end of year
$434,444
Program services expenses (Part IX)
$280,000
Management and general expenses
$17,958
Fundraising expenses
$0
Program service expenses (Part III)
$280,000

Program services were 94.0% 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.

  • 1f · All other contributions, gifts and grants

    $247,386

  • 7a · Gross sales of assets other than inventory

    other assets $175,401

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

    other assets $85,581

  • 7c · Gain or loss

    other assets $89,820

  • 7d · Net gain or loss

    total $89,820 · excluded $89,820

  • 8a · Fundraising events: gross income

    $862,567

  • 8b · Fundraising events: direct expenses

    $904,817

  • 8c · Net income from fundraising events

    total -$42,250 · excluded -$42,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $280,000 · program services $280,000

  • 11c · Fees: accounting

    total $11,935 · management and general $11,935

  • 13 · Office expenses

    total $6,023 · management and general $6,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $438,361 · end of year $681,863

  • 4 · Accounts receivable

    beginning of year $120 · end of year $251,905

  • 17 · Accounts payable and accrued expenses

    beginning of year $135 · end of year $399,324

  • 22 · Loans and payables to officers and key people

    end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $438,346 · end of year $434,444

Mission and programs · 2022

Mission

DECEMBER BENEFIT CONCERT TO SUPPORT HABITAT FOR HUMANITY AND OTHER CHARITABLE ORGANIZATIONS.

  • THE FOUNDATION PLANNED AND ARRANGED A CHRISTMAS BENEFIT CONCERT IN DECEMBER 2022.PROCEEDS FROM THE CONCERT ARE DESIGNATED FOR HABITAT FOR HUMANITY AND BELOVED ASHEVILLE.THE CONCERT IS AN ANNUAL EVENT AND MUSICIANS DONATE THEIR TIME TO PERFORM.TICKET SALES AND DONATIONS RECEIVED BENEFIT HABITAT AND OTHER CHARITIES.

    Expenses $280,000 · Grants $280,000 · Revenue $294,956

As filed on the 2022 return.

Listed in Part VII

  • Murray Richman

    TREASURER

    Total calculated
    $0
    Hours/week
    11

  • Stefani K Scamardo

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Warren D Haynes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349319785

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