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Nonprofiteer
← GREENCO INDUSTRIES FOUNDATION INC

Form 990 for tax year 2022

Filed by GREENCO INDUSTRIES FOUNDATION INC.

Totals

Total revenue
$126,266
Total expenses
$72,519
Contributions and grants received
$5,814
Grants paid
$4,500
Program service revenue
$0
Investment income
$120,302
Other revenue
$150
Total assets, end of year
$9,068,798
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,068,798
Program services expenses (Part IX)
$4,500
Management and general expenses
$68,019
Fundraising expenses
$0
Program service expenses (Part III)
$4,500

Program services were 6.2% 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

    $5,814

  • 3 · Investment income

    total $202,502 · excluded $202,502

  • 7a · Gross sales of assets other than inventory

    securities $6,152,282 · other assets $51,123

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

    securities $6,285,605

  • 7c · Gain or loss

    securities -$133,323 · other assets $51,123

  • 7d · Net gain or loss

    total -$82,200 · excluded -$82,200

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $150 · excluded $150

  • 11e · Other revenue, total

    $150

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,500 · program services $4,500

  • 11c · Fees: accounting

    total $6,900 · management and general $6,900

  • 11f · Fees: investment management

    total $61,119 · management and general $61,119

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $271,587 · end of year $532,955

  • 11 · Investments: publicly traded securities

    beginning of year $9,897,656 · end of year $8,535,843

  • 27 · Net assets without donor restrictions

    beginning of year $10,169,243 · end of year $9,068,798

Mission and programs · 2022

Mission

SOLICIT AND OBTAIN FINANCIAL SUPPORT AND TO ADMINISTER FUNDS RECEIVED BY IT FOR THE BENEFIT OF NONPROFIT ORGANIZATIONS EXISTING TO SERVE THE NEEDS OF THE PHYSICALLY AND MENTALLY DISADVANTAGED.

  • SCHOLARSHIPS TO INDIVIDUALS ENTERING A FIELD RELATING TO SERVING THE NEEDS OF THE PHYSICALLY AND MENTALLY DISADVANTAGED

    Expenses $4,500 · Grants $4,500

  • FINANCIAL SUPPORT TO ORGANIZATION'S THAT PROVIDE SERVICES TO THE PHYSICALLY AND MENTALLY DISADVANTAGED

As filed on the 2022 return.

Listed in Part VII

  • Randy Klein

    CEO OF GREEN

    Total calculated
    $156,462
    From this org
    $0
    From related orgs
    $131,657
    Other
    $24,805
    Hours/week
    0.5 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $96,657 related
    Bonus
    not reported + $35,000 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $24,805 related
    Filer's total
    not reported + $156,462 related

  • Art Carter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John Kundert

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Scott Denure

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joe Palombi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rob Hodgson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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
27 July 2023
IRS schema version
2022v5.0
Source object
202332759349301953

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