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Nonprofiteer
← LIMESTONE AREA COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by LIMESTONE AREA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$45,399
Total expenses
$132,448
Contributions and grants received
$34,478
Grants paid
$53,695
Program service revenue
$0
Investment income
$10,921
Other revenue
$0
Total assets, end of year
$700,288
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$700,288
Program services expenses (Part IX)
$125,719
Management and general expenses
$6,729
Fundraising expenses
$0
Program service expenses (Part III)
$125,719

Program services were 94.9% 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

    $34,478

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $20,053 · excluded $20,053

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0

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

    securities $9,132

  • 7c · Gain or loss

    securities -$9,132 · other assets $0

  • 7d · Net gain or loss

    total -$9,132 · excluded -$9,132

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,695 · program services $53,695

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 11f · Fees: investment management

    total $6,933 · program services $6,933

  • 11g · Fees: other

    total $1,850 · program services $0 · management and general $1,850 · fundraising $0

  • 13 · Office expenses

    total $522 · program services $261 · management and general $261

  • 14 · Information technology

    total $12,000 · program services $9,600 · management and general $2,400

  • 24a · Other expenses: MANAGEMENT FEES TO UNITED WAY ATHENS-L

    total $28,700 · program services $28,700

  • 24b · Other expenses: TOGETHER RENEWING & IMPR. LIMESTONE PROJECT

    total $21,945 · program services $21,945

  • 24c · Other expenses: CHERKASY PROJECT

    total $2,429 · program services $2,429

  • 24d · Other expenses: OTHER EXPENSES

    total $2,374 · program services $2,156 · management and general $218

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,850 · end of year $24,558

  • 2 · Savings and temporary cash investments

    beginning of year $28,366 · end of year $12,999

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $310

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $310 · end of year $310

  • 12 · Investments: other securities

    beginning of year $603,828 · end of year $662,421

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $645,354 · end of year $700,288

Mission and programs · 2024

Mission

THE ORGANIZATION USES FUNDS TO AWARD GRANTS TO PROJECTS WHICH BENEFIT A BROAD SEGMENT OF THE POPULATION, SERVE CITIZENS WHOSE NEEDS ARE NOT MET BY EXISTING SERVICES, ADDRESS COMMUNITY ISSUES, HAVE POTENTIAL FOR FUTURE SUPPORT, PROMOTE VOLUNTEER INVOLVEMENT, AND IMPROVE THE QUALITY OF LIFE IN LIMESTONE COUNTY.

Activities or mission (Part I)

TO MAXIMIZE DONOR IMPACT THROUGH EXPERIENCED FUND MANAGEMENT AND COMMUNITY EXPERTISE. ENSURING YOUR GIFTS CREATE MEANINGFUL, LASTING CHANGE.

  • SUPPORT OTHER 501(C)(3) ORGANIZATIONS WITHIN THE ATHENS AND LIMESTONE COUNTY AREA BY PROVIDING FUNDING FOR SPECIFIC PROJECTS, NEEDS, ETC.

    Expenses $125,719 · Grants $53,695

As filed on the 2024 return.

Listed in Part VII

  • Dana Henry

    BOARD 2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.6

  • Denver Betts

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.6

  • Kadaija Madden

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1.6

  • Kimberly Bell

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1.6

  • Allison Usery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Annette Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Beth Patton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Bethany Shockney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Brad Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Brooke Pettus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Carnette Robinson Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Chris Latham-Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • John Hubbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Kay Burlingame

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Kelly Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Kurt Leopard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Lerrin Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Randy Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Shelli Waggoner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Susan Riddle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Wesley Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Kaye McFarlen

    EXECUTIVE DIRECTOR

    Total calculated
    $46,305
    From this org
    $0
    From related orgs
    $46,305
    Other
    $0
    Hours/week
    16 + 24 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.

Grants 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
2024
Filed
14 August 2026
IRS schema version
2024v5.1
Source object
202612269349301846

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